Heartland Retirement Group Becomes Latest to Join Fast-Growing Integrity Marketing Group
{August 5th, 2020} by Integrity Marketing Group, LLC
DALLAS – July 29, 2020 – Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced the acquisition of Heartland Retirement Group (“Heartland”), an insurance marketing organization based in Iowa. As part of the transaction, Heartland’s CEO, Tyler Lainson, will become an owner in Integrity. Financial terms of the deal were […]
Evaluating Today’s ‘Safe Money’
{August 5th, 2020} by John Williams
We’re all aware of the recent economic uncertainty, but many people may not understand how it is impacting the investment landscape. In particular, the bond market has had many shifts in recent, raising questions about its stability with many people. Bond yields have dropped as a result of the economic impact of the global pandemic […]
SBLI launches final expense whole life product
{August 5th, 2020} by Insurance Forums Staff
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has introduced a new Final Expense Whole Life Insurance policy that consists of a cash payment the beneficiary can use for more than just funeral costs. Unlike pre-need burial or funeral insurance, this policy can be used to pay unsettled medical bills, credit card balances, […]
Greg Lindberg sued by Puerto Rican insurance company
{August 5th, 2020} by North State Journal Staff
RALEIGH — A businessman and political donor who was found guilty of attempting to bribe a state official is now the subject of a civil action surrounding an insurance company he controls. Greg Lindberg, an entrepreneur who is affiliated with dozens of businesses through his company Eli Global, has been sued by Universal Life Insurance Company (ULICO) […]
Senior Market Sales acquired by Alliant Insurance Services
{August 5th, 2020} by Insurance Forums Staff
Senior Market Sales (SMS), one of the industry’s premier insurance marketing organizations, has entered into a strategic agreement to be acquired by Alliant Insurance Services, Inc., one of the nation’s largest insurance and employee benefits consulting firms. In a statement, SMS says the partnership positions Senior Market Sales to continue its rapid growth and expands the reach of […]
With Interest Rates Near Zero, Annuities Help Pick Up the Slack
{August 5th, 2020} by Kiplinger
A headline in The New York Times the other day caught my eye. It read: Rates at Rock Bottom Are Expected to Linger in Fed’s Latest Forecast. The question that would be worthy of an in-depth article is, What Do Low Interest Rates Mean to Current and Future Retirees? Based on conversations I’ve been having about exporting our […]
‘Capital Arbitrage’ Helped PE-Led Insurers: Study
{August 5th, 2020} by Kerry Pechter
From 2009 to 2014, when private-equity firms bought life insurers, they exploited a capital-saving regulatory ruling to lucrative advantage. When private equity (PE) firms like Guggenheim, Apollo, and Goldman Sachs bought struggling life/annuity businesses at bargain prices after the 2008 financial crisis, they strode into the insurance industry with a certain Wall Street swagger. Click […]
The Key to Turning On 401(k) Annuities
{August 5th, 2020} by Kerry Pechter
Micruity, a tech startup with a 30-year-old CEO, says it has the “middleware” that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen? Before income-generating annuities can become a common feature in 401(k) plans—as they are in TIAA’s 403(b) plans—plan recordkeepers will need an easier way to swap data with the life […]
DPL’s Annual RIA Retirement Planning Survey Finds Many Advisors Struggle With New Interest Rate Realities
{August 5th, 2020} by DPL Financial Partners
OUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners, the leading insurance network for registered investment advisors (RIAs), today released findings from its third annual survey of financial advisors that suggest many are finding it challenging to evolve investment strategies to meet client needs for secure, predictable retirement income and protection from market volatility. Based on responses from more […]
The Fiduciary Rule Was Great for Variable Annuity Buyers: Economists
{August 5th, 2020} by Allison Bell
Mark Egan, Shan Ge and Johnny Tang have gone and poured grain alcohol on the annuity sales standards conflagration. The fight blazed ferociously in 2016 and 2017, as the supporters and opponents of the U.S. Department of Labor’s original, Obama-era effort battled with policy lightsabers. The fight seems to have cooled to a moderate level […]
Rapid Growing Agent Force Joins Integrity Marketing Group to Accelerate Expansion
{August 5th, 2020} by Integrity Marketing Group, LLC
DALLAS, Aug. 4, 2020 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced the acquisition of Agent Force, an insurance marketing organization (IMO) headquartered in Kennesaw, Georgia. Agent Force is an independently owned affiliate and longtime marketing partner of Family First Life (“FFL”), an Integrity platform partner. As part […]
Startup Bridges The Tech Gap For Independent Advisors Selling Insurance
{August 5th, 2020} by Christipher Robbins
A Michigan firm is combining an independent marketing organization (IMO) with emerging technology to offer financial advisors coaching, infrastructure and financing options surrounding insurance and annuity distribution. Detroit-based Signal Advisors officially announced its launch on Tuesday after several months in “stealth mode” working with a select number of advisor clients. “I think advisors are missing […]
How To Create A Paycheck For Retirement
{August 5th, 2020} by Rob Berger
Perhaps the biggest challenge of transitioning from work to retirement is learning to live without a regular paycheck. Instead of receiving dependable income from your employer, you suddenly find yourself reliant upon your investments, Social Security, and any pensions you might have. But as Social Security shrinks and pensions become rare, it’s more challenging to […]
Annuities and the Impossible Dream of Risk-free Growth
{August 5th, 2020} by Sponsored Content
We should note right off that we’ve written plenty about the pitfalls of annuities, especially variable and equity-indexed annuities. Click HERE to read the “Paid and posted by Fisher Investments” article via Reuters. Wink’s Note: Dear Reuters, We know that Fisher Investments sponsored this content, but you should be concerned about the inaccuracy of the […]
Election Could Reverse Annuity Reg Alignment, Panelists Say
{August 4th, 2020} by Steve Morelli
After three years of realigning federal regulation to be more business-friendly, prepare for whiplash if the presidency and Senate change hands in this election. That was one of the points covered by members of a National Association for Fixed Annuities panel on Wednesday. David Wolfe, counsel at Advisors Excel, the nation’s largest insurance marketing organization, […]
Genworth Financial Announces Second Quarter 2020 Results
{August 4th, 2020} by Genworth Financial, Inc
RICHMOND, Va., July 29, 2020 /PRNewswire/ — Merger Agreement With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Extended To Not Later Than September 30, 2020; Interim Milestone By August 31, 2020 Reached Agreement With AXA S.A. (AXA) On July 20, 2020 To Settle Liability For Payment Protection Insurance Mis-Selling, Which Included A Payment Of £100MM Subsequent To Quarter-End U.S. […]
Wells Fargo’s New Annuity Wagon
{August 3rd, 2020} by Kerry Pechter
Wells Fargo Asset Management’s new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85. Imagine that you’re a 65-year-old participant in a 401(k) plan, preparing to retire. Click HERE to read the full story via RIJ.
