We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Archive for October 2020

Categories

  • Industry Articles (15,832)
  • Industry Conferences (3)
  • Industry Job Openings (9)
  • Negative Media (135)
  • Positive Media (73)
  • Sheryl's Articles (586)
  • Sheryl's Blogs (166)
  • Wink's Articles (222)
  • Wink's Blogs (208)
  • Wink's Press Releases (92)
  • Blog Archives

  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • How COVID-19 Volatility and Near-Zero Rates Benefit Annuities

    {October 21st, 2020} by Contributor

    DPL Financial Partners hosted a digital roundtable discussion Thursday focused on the related and evolving topics of annuities, record-low interest rates and the COVID-19 pandemic. Speakers participating in the event included David Blanchett, head of retirement research at Morningstar Investment Management; David Lau, founder and CEO of DPL Financial Partners; Dan Rohlfing, senior financial adviser […]

    American Equity Announces Strategic Partnership With Brookfield Asset Management to Accelerate AEL 2.0 Value-Creation Strategy

    {October 21st, 2020} by American Equity Investment Life Holding Company

    October 18, 2020 PDF Version Brookfield to Reinsure Up to $10 Billion of American Equity Fixed Index Annuity Liabilities and Make 19.9% Equity Investment in American Equity At $37.00 Per Share for Initial Investment American Equity Board Authorizes $500 Million Share Repurchase Program Rejects Unsolicited, Non-Binding Acquisition Proposal from Athene and MassMutual WEST DES MOINES, Iowa–(BUSINESS WIRE)–Oct. 18, 2020– American Equity Investment Life Holding Company (NYSE: […]

    Brookfield Announces Strategic Partnership with American Equity Life. Establishes Brookfield as Cornerstone Investor and Reinsurance Counterparty of Leading Retirement Planning Annuity Provider

    {October 21st, 2020} by Brookfield Asset Management Inc.

    BROOKFIELD, NEWS, Oct. 18, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) today announced a strategic partnership with American Equity Investment Life Holding Company (“AEL”) (NYSE: AEL), a leading retirement planning annuity provider. The partnership establishes Brookfield as a 19.9% cornerstone investor and reinsurance counterparty of AEL, supporting continued growth […]

    ‘Slow to insurance,’ Brookfield boosts presence with American Equity pact

    {October 21st, 2020} by Tim Zawacki

    Another alternative asset manager has partnered with a significant U.S.-based annuity writer to accelerate its insurance-related activities. Three months after KKR & Co. Inc. agreed to acquire Global Atlantic Financial Group Ltd., American Equity Investment Life Holding Company announced a partnership with Brookfield Asset Management Inc. that incorporates a significant equity investment, a reinsurance component, […]

    American Equity board rejects takeover bid from West Des Moines neighbor Athene

    {October 21st, 2020} by Tyler Jett

    American Equity Investment Life Holding has rejected a takeover bid from fellow West Des Moines insurance company Athene Holding. American Equity announced in a news release that its board turned down a $3 billion offer from Athene and Massachusetts Mutual Life Insurance Co., saying the unsolicited bid was “opportunistic” and “significantly undervalues” the company.  Instead, American Equity […]

    American Equity Board Prefers Brookfield Deal to Athene-MassMutual Offer

    {October 21st, 2020} by Allison Bell

    American Equity Investment Life Holding Company has rejected an acquisition offer from Athene Holding Ltd. and Massachusetts Mutual Life Insurance Company. The Athene-MassMutual offer is “is opportunistic, significantly undervalues the company, and is not in the best interests of American Equity and its shareholders and other stakeholders,” according to a letter to Athene and MassMutual […]

    Scott Pope Joins Legacy Marketing Group® As Regional Sales Director

    {October 21st, 2020} by Legacy Marketing Group

    PETALUMA, CA, October 16, 2020—Legacy Marketing Group, creator and distributor of exclusive, innovative insurance and annuity products, announces that Scott Pope has joined the company as Regional Sales Director. Scott joins Legacy from Ameritas Life Insurance Corp., where he worked as a Regional Sales Director for the past five years. Prior to Ameritas, Scott held […]

    Insurance Titan Greg Lindberg To Report To Prison Today

    {October 21st, 2020} by Charlotte Observer (NC)

    Try as he might to extend his freedom, Durham businessman and convicted felon Greg Lindberg is scheduled become a federal inmate today. U.S. District Judge Max Cogburn denied a second motion Monday to delay Lindberg’s report date. In court documents, Lindberg’s attorneys said his partner is pregnant with his child and due to deliver the […]

    Factors Affecting The Parameter Values For Fixed Index Annuities

    {October 21st, 2020} by Wade Pfau

    The previous discussion makes clear that the parameters offered by an FIA (floors, participation rates, caps, spreads, and buffers) will depend in large part on the level of interest rates and the cost of financial derivatives for the associated index. Higher interest rates mean that principal can be protected with less assets, which then leaves more that […]

    Asset Managers Are Eating Life Insurers’ Share

    {October 21st, 2020} by Allison Bell

    Retirement accounts and mutual fund companies ripped about $3 trillion in assets away from U.S. life insurers between 1995 and 2019, according to analysts at Ernst & Young. The EY analysts found that life insurers’ share of U.S. household assets fell to 4% in 2019, from 10% in 1995. Click HERE to read the full […]

    BofA’s Diversity Chief: Representation Doesn’t Mean You’re Inclusive

    {October 21st, 2020} by Miriam Rozen

    Bank of America’s top diversity and inclusion executive touted the bank’s recent transparency regarding representation, but noted that diversity doesn’t always translate to inclusion. “Just because you have representation doesn’t mean you have an inclusive environment,” Cynthia Bowman, the bank’s chief diversity and inclusion and talent acquisition officer, said yesterday. To succeed, diversity advocates need […]

    Father of 4% Rule Says It Was Really More of a Guideline

    {October 21st, 2020} by Ginger Szala

    Michael Kitces, blogger and head of planning strategy at Buckingham Wealth Strategies, recently interviewed Bill Bengen, the “father” of the 4% rule, the “safe” withdrawal rate for retirement savings. In the discussion, the retired advisor said he actually used 4.5% instead for his clients. In fact, with inflation as low as it is today, he […]

    Many Consumers Say They Need More Life Insurance: Global Atlantic

    {October 21st, 2020} by Allison Bell

    Many Americans may have already sold themselves on the idea that, really, they should have more life insurance. Global Atlantic has published data supporting that possibility in a summary of results from an online survey of 1,065 U.S. residents ages 25 through 74. All of the participants were involved in making financial decisions for their […]

    Asset Managers Are Eating Life Insurers’ Share

    {October 21st, 2020} by Allison Bell

    Retirement accounts and mutual fund companies ripped about $3 trillion in assets away from U.S. life insurers between 1995 and 2019, according to analysts at Ernst & Young. The EY analysts found that life insurers’ share of U.S. household assets fell to 4% in 2019, from 10% in 1995. Click HERE to read the full […]

    Focus On Retirement Happiness To Make The Annuity Case

    {October 21st, 2020} by Tom Hegna

    I think everyone dreams of a retirement where they can live a long and happy life. This has been researched by PhD’s around the world and the answers may surprise you. Research shows that people with a guaranteed lifetime income source tend to be happier and live longer. Click HERE to read the full story […]

    Pacific Life Insurance Co. lays off almost 300 employees in light of COVID-19

    {October 21st, 2020} by Lilly Nguyen

    Just under 300 employees from Newport Beach-based Pacific Life Insurance Co. were laid off last week in light of the ongoing coronavirus pandemic and low interest rates. “We are constantly evaluating our business to ensure Pacific Life has the right structure to accomplish its goals and best serve the long-term interests of our clients,” a […]

    Why an Economist Says Your Clients Should Buy Annuities Early

    {October 21st, 2020} by Allison Bell

    Anthony Webb has seen how COVID-19 can change everything first hand: The New School economist has been trapped on an island in Greece for six months because of lockdown-related travel restrictions. But the Alliance for Lifetime Income — an organization sponsored by the annuity production and distribution giants — managed to beam him in, via the […]

    Ash Brokerage Reveals Turnkey System For Term Life Applications

    {October 21st, 2020} by Ash Brokerage

    FORT WAYNE, Ind., Oct. 20, 2020 /PRNewswire/ — Ash Brokerage, an insurance brokerage dedicated to excellent customer service and technology innovation released Ash Term Express, a streamlined platform designed to help financial professionals easily offer life insurance to clients. Ash Term Express allows the advisor the capability to quote premiums from different carriers and submit an application in […]

    Nationwide Annuities Ranked No. 1 in J.D. Power 2020 U.S. Life Insurance Study

    {October 21st, 2020} by Nationwide

    COLUMBUS, Ohio, Oct. 14, 2020 /PRNewswire/ — Nationwide, one of the strongest, diversified, Fortune 100 insurance and financial services companies, announced that Nationwide annuities ranked No. 1 in the J.D. Power 2020 U.S. Life Insurance Study. Nationwide ranked No. 3 for its Individual Life products. “Nationwide has a deep commitment to protecting people, businesses and futures with extraordinary […]

    AmeriLife® Expands Final Expense Platform and Call Center Capabilities with Acquisition of The Equita Group

    {October 21st, 2020} by AmeriLife Group, LLC

    CLEARWATER, Fla., Oct. 15, 2020 /PRNewswire/ — AmeriLife Group, LLC (“AmeriLife”), the national leader in marketing and distributing life, health and retirement solutions, has partnered with The Equita Group, formally known as Equita Financial and Insurance Services. “The Equita Group’s purpose is centered around providing peace of mind,” said AmeriLife Chairman and CEO, Scott Perry. “Their mission meshes seamlessly […]

    Sapiens Announces Pricing of Public Offering of its Common Shares

    {October 21st, 2020} by Sapiens International Corporation

    HOLON, Israel, Oct. 16, 2020 /PRNewswire/ — Sapiens International Corporation N.V. (Nasdaq: SPNS) (TASE: SPNS) (“Sapiens”), a leading global provider of software solutions for the insurance industry, announced today the pricing of an underwritten public offering of 3,389,830 of its common shares at a public offering price of $29.50 per share, before underwriting discounts and commissions.  Sapiens has also granted the […]

    Sapiens Wins Celent’s North America Xcelent Award for New Business and Underwriting Functionality in Life Insurance

    {October 21st, 2020} by Sapiens International Corporation

    HOLON, Israel, Oct. 19, 2020 /PRNewswire/ — Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens has won Celent’s XCelent award in the ‘Breadth of Functionality’ category in North America for Sapiens UnderwritingPro for Life & Annuities. This marks the eleventh XCelent award Sapiens […]

    Nationwide Announces Plans to Launch Full Suite of In-Plan Annuities

    {October 21st, 2020} by Nationwide

    COLUMBUS, Ohio, Oct. 20, 2020 /PRNewswire/ — The SECURE Act opened a new era of opportunity for retirement plan participants – expanding the ability for plan sponsors to help participants not only plan for retirement, but also live in retirement. One way the Act will help is by making in-plan annuities within defined contribution plans such as 401(k)s and 457(b)s more accessible and portable […]

    Fidelity National Financial Announces 3rd Quarter 2020 Earnings Release And Conference Call

    {October 21st, 2020} by Fidelity National Financial, Inc.

    JACKSONVILLE, Fla., Oct. 20, 2020 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance and transaction services to the real estate and mortgage industries, will release 3rd quarter 2020 earnings after the close of regular market trading on Wednesday, November 4, 2020. A conference call will follow at 12:00 p.m. Eastern Time on Thursday, November 5, […]

    Simplicity Announces a New Capital Investment from Lee Equity Partners

    {October 21st, 2020} by Simplicity Group Holdings

    SUMMIT, N.J., Oct. 16, 2020 /PRNewswire/ — Simplicity Group Holdings (“Simplicity”), a leading financial products distribution business, today announced that it has entered into an agreement with Lee Equity Partners (“Lee Equity”) pursuant to which Lee Equity will become the new majority owner of the company. Simplicity was previously majority owned by Aquiline Capital Partners (“Aquiline”). Additional terms […]

    Symetra Gives Employees Paid Time Off to Vote

    {October 21st, 2020} by Allison Bell

    Symetra Life Insurance Company says it will give employees paid time off to vote Nov. 3. The Bellevue, Washington-based insurance is a U.S. arm of Sumitomo Life. It has about 2,000 employees. Click HERE to read the full story via ThinkAdvisor

    FBL Hires Firms to Evaluate Offer From Sister Company

    {October 21st, 2020} by Allison Bell

    FBL Financial Group says it has hired a law firm and a financial advisory firm to evaluate an acquisition offer from a sister company, Farm Bureau Property & Casualty Insurance Company. FBL has hired Sidley Austin LLP to be its legal counsel for evaluating the offer, and Barclays Capital to be its financial advisor. Click […]

    Financial Advisors Warn: Keep Emotions And Politics Out Of Your Portfolio

    {October 21st, 2020} by The Georgetown Times (SC)

    Financial adviser Erica Rahr didn’t think she was getting into the “emotional coach” business, but she did. “I consider that to be one of the largest parts of my job,” said the Edward Jones adviser from her office in Murrells Inlet. “Being that emotional coach. Many would make the argument, including myself, that that’s one […]

    #InsuranceJobs Needed

    {October 20th, 2020} by Sheryl J. Moore

    I created a LinkedIn group to help insurance pros looking for work to meet insurance pros looking for jobs. Unfortunately, I think we are going to get a lot more members in this group over the coming weeks… https://lnkd.in/ehkTvkE     -sjm

    Here Are 2 Ways Opponents Could Stop The DOL Advice Rule

    {October 20th, 2020} by John Hilton

    Industry watchers expect the Department of Labor to publish a final version of its investment advice rule any day now — but the regulation’s 10-year saga is far from over. Publishing the final rule soon makes it much harder for a Joe Biden administration to pivot away from it. But even if the president wins […]

    M&A Should Resume In 2021 As Insurers ‘Reinvent’: Deloitte

    {October 20th, 2020} by John Hilton

    Like many aspects of the insurance industry, mergers-and-acquisitions activity is not at all where analysts expected coming into 2020 — thank COVID-19 for that. But M&A will continue robustly, analysts predict. In fact, it will help shape how the industry recovers from the pandemic and reinvents itself. “Most industries, including insurance, will need to reinvent […]

    California IUL Lawsuit Is One To Watch, Attorney Says

    {October 20th, 2020} by John Hilton

    The insurance industry will be watching closely in the coming months as a class-action lawsuit over an indexed universal life policy plays out in a California courtroom. The lawsuit was filed Aug. 6 in Orange County Superior Courts by plaintiffs Hong Li and Tailong Liu. Defendants are listed as Tiffany Xu, Sky Vision Insurance Agency […]

    How Annuity Hatred Melted For These Advisors

    {October 20th, 2020} by John Hilton

    “I was an annuity hater,” said Dan Rohlfing, a senior financial advisor with Lantz Financial Team in Naperville, Ill. The main reason is pretty simple, he said during a webcast sponsored by DPL Financial Partners Thursday: annuities of the early 2000s were expensive and offered little more than tax deferral. But times have changed and […]

    Voices: Did the DoL fiduciary rule really make variable annuities cheaper?

    {October 20th, 2020} by Scott Stolz

    This piece is in response to an article that appeared in Financial Planning Sept. 24. Did sales of “expensive” variable annuities fall as a result of the now-vacated Department of Labor’s fiduciary rule, as claimed by professors in a study published in July? The professors from Harvard Business School and New York University do make a pretty compelling argument. […]

    The Latest In Sales Illustrations, Paramed Exams And Client Engagement

    {October 20th, 2020} by Ken Leibow

    There has been a lot reported on the impact of COVID-19 to the life insurance industry. I wanted to research this from a different perspective. Starting with sales illustration vendors from changes to carrier projects to how BGAs and agents are engaging with their clients. Next, I was curious about the truth regarding paramed exams. […]

    Annuities One Solution For Today’s Challenging Retirement Environment

    {October 20th, 2020} by Timothy L. Dameron

    Investing used to be easier for retirees. Many sought to generate enough income from the yield created by bonds or short-term investments like money market funds to meet their living expenses. This was easier in 1981, when yields, another term for interest, on the benchmark 10-year U.S. Treasury note reached 15.8 percent. In early 1990, […]

    AIG Aims New Index Annuity At Regulation-Focused New York

    {October 20th, 2020} by Staff Reports

    AIG Life & Retirement today announced the launch of the Power Index Premier NY Index Annuity with Lifetime Income Builder. The new product goes to market amid a tough regulatory environment in New York. Developed exclusively for the state, AIG said the Power Index Premier NY is currently the only index annuity that gives New […]

    CUNA Mutual Group Debuts MaxProtect™ Fixed Annuity

    {October 20th, 2020} by CUNA Mutual Group

    MADISON, Wis., Sept. 21, 2020 /PRNewswire/ — CUNA Mutual Group, a leading insurance and financial services company, announced today the launch of its new MaxProtect™ Fixed Annuity, a multi-year guaranteed annuity providing investors a guaranteed rate of return while protecting their nest egg from market volatility. MaxProtect™ joins CUNA Mutual Group’s already-robust portfolio of annuities, which had fourteen […]

    Goldman Sachs, Allstate Join Other Companies Announcing Layoffs

    {October 20th, 2020} by Connor Smith

    Goldman Sachs Group, Allstate, and Marathon Petroleum each announced layoffs on Wednesday—a day after Walt Disney said it would cut 28,000 jobs. Goldman Sachs Group (ticker: GS) plans to cut about 1% of its workforce, or just under 400 people, according to a person familiar with the matter. The company ended its 2019 fiscal year with 38,300 employees. Bloomberg News first reported the layoffs. […]

    More than a decade of historical sales for each index

    {October 20th, 2020} by Wink's RockStars

    Since 2012, hybrid indexes have driven indexed annuity product development, and that trend is gaining momentum with indexed life as well. As a result of product manufacturers’ evolving attitudes about the proprietary nature of these indices over recent years, Wink, Inc. made a decision last year to respond to their requests for intelligence. Wink’s Index […]

    Don’t Make These Mistakes When Buying Life Insurance

    {October 19th, 2020} by Cameron Huddleston and Amy Danise

    If you were planning to buy a car or even a TV, you’d likely spend hours researching your options and comparing prices to get the best deal. Would you devote much time, though, to buying life insurance? After all, it’s not nearly as exciting as getting the keys to a new car. But, arguably, buying […]

    “Best” life insurance companies for 2020

    {October 14th, 2020} by Joe Van Brussel

    Best overall   Fastest coverage   Best customer service   Best overall (runner-up)   Best customer service (runner-up) Most flexible terms  

    AIG Life & Retirement Launches the Only Index Annuity in New York That Guarantees Lifetime Income Growth

    {October 14th, 2020} by AIG Life & Retirement

    NEW YORK–(BUSINESS WIRE)–AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG) and a leading provider of annuities, today announced the launch of the Power Index Premier NY Index Annuity with Lifetime Income Builder. Developed exclusively for the state of New York, Power Index Premier NY is currently the only index annuity […]

    Reliable and relevant

    {October 14th, 2020} by Sheryl J. Moore

    I will never forget the day when Grandfather came home with tears in his eyes, talking about his client who had died unexpectedly. You see, this client’s wife had just held my grandfather’s hand for hours, as people came through a funeral home, paying their last respects to her husband. She repeatedly thanked him, looking […]

    Enhanced Online Sales Data Query

    {October 14th, 2020} by Wink's RockStars

    Wink’s enhanced online Sales Data Query allows Wink’s Sales & Market Report subscribers to search sales by distribution channel, sales based upon company ratings, sales of products* with specific product features, or even sales of products* with select rider features. Platinum-level subscribers and insurers now have 23 years of data included in the online query […]

    Pandemic Hasn’t Driven Consumers To Buy More Life Insurance, Study Says

    {October 14th, 2020} by Jacqueline Sergeant

    The 200,000-plus U.S. deaths and uncertainty associated with the Covid-19 crisis have not moved people to run out and buy life insurance, according to the J.D. Power 2020 U.S. Life Insurance Study, released today. The study, based on responses from 5,469 individual life insurance customers and 3,674 annuity customers and fielded from June through August, […]

    Biden win could open the door for Reg BI revamp

    {October 14th, 2020} by Kenneth Corbin

    The future of advice regulation could be on the ballot as the presidential election heads into the final stretch, according to fiduciary advocates and industry groups. To be sure, neither President Donald Trump nor former Vice President Joe Biden is campaigning on how their SEC or Department of Labor would regulate investment advisors and brokers, […]

    Why The 4% Withdrawal Rule For Retirement Is History

    {October 14th, 2020} by John L. Smallwood

    A recent article discusses a savings target based on 4% withdrawal vs 3.5%. According to John L. Smallwood, the target is the problem. The 4% Withdrawal Rule Is History It is impossible to predict how much money you will need in retirement since the all the variables of the equation are subject to change. Click HERE to read the full […]

    Fidelity Hiring 4,000 Workers, Including Advisors

    {October 14th, 2020} by Bernice Napach

    Fidelity Investments is seeking to fill approximately 4,000 new client-facing positions across the U.S. over the next six months due to “unprecedented customer growth and engagement” in its business. According to a company announcement, the positions include financial advisors, licensed representatives and customer service employees involved in personal investing and workplace investing. It hopes to fill […]

    MIB Life Application Activity Level Cools

    {October 14th, 2020} by Allison Bell

    U.S. life insurance application activity started to come back to earth in September. MIB Group says its overall life application activity index was 4.4% higher in September than in September 2019. Click HERE to read the full story via ThinkAdvisor

    New York Life Chair Set to Lead Life Insurers Into 2021 Budget Battles

    {October 14th, 2020} by Allison Bell

    Ted Mathas is preparing to lead U.S. life insurers into whatever the next 12 months may hold. The board of the American Council of Life Insurers today elected Mathas to be its 2020-2021 chair at its annual conference Click HERE to read the full story via ThinkAdvisor

    Many Americans Want to Retire Early, Move Out of U.S.: Survey

    {October 14th, 2020} by Michael S. Fischer

    More Americans appear to be interested in moving abroad, a trend that International Living, which provides retirees information on transitioning overseas, has observed up close. “At International Living in recent weeks, we’ve watched the volume of [web] search traffic surge around the subject of moving outside the U.S.,” Jennifer Stevens, IL’s executive editor, said in […]

    Regulators Settle On 0.15% Nonforfeiture Floor On Deferred Annuities

    {October 14th, 2020} by John Hilton

    A state regulator task force took another stab at resetting the standard minimum nonforfeiture interest rate for individual deferred annuities to help insurers cope with historically low interest rates. Regulators had previously toyed with dropping the rate from 1% to 0%, but the Life Actuarial Task Force revisited the issue today and settled on 0.15%. […]

    Most Big Life and Annuity Issuers Look Fine: Morgan Stanley

    {October 14th, 2020} by https://www.thinkadvisor.com/2020/10/08/most-big-life-and-annuity-issuers-look-fine-morgan-stanley/

    Most of the big, publicly traded life and annuity issuers that Morgan Stanley tracks look as if they’re doing fine —and well enough to be using cash to buy back their own stock by the end of the year. Nigel Dally and other MorganStanley securities analysts give that assessment in a new commentary on the […]

    AM Best Affirms Credit Ratings of Aegon N.V.’s U.S. Subsidiaries

    {October 14th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of the U.S. life/health subsidiaries of Aegon N.V. (Aegon) (Netherlands) [NYSE: AEG]. Aegon’s U.S. life/health companies are referred to collectively as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratings) […]

    AM Best Places Credit Ratings of F&G Reinsurance Ltd. Under Review with Developing Implications

    {October 14th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of F&G Reinsurance Ltd. (F&G Re) (Bermuda). The under review status follows the recent announcement that Fidelity National Financial, Inc. (FNF) [NYSE: FNF] and its subsidiary Fidelity & Guaranty Life […]

    Life Insurance Customer Satisfaction Flatlines Despite Pandemic Fears, J.D. Power Finds

    {October 14th, 2020} by J.D. Power

    TROY, Mich.–(BUSINESS WIRE)–Even as deaths associated with COVID-19 eclipse 200,000 in the United States, consumers don’t seem motivated to buy life insurance and life insurance customers are largely apathetic toward their insurer despite some standout performances. According to the J.D. Power 2020 U.S. Life Insurance Study,SM released today, a combination of infrequent client communications and a […]

    Northwestern Mutual to Host First-of-its-Kind Virtual Women in Tech Conference

    {October 14th, 2020} by Northwestern Mutual

    MILWAUKEE, Oct. 12, 2020 /PRNewswire/ — Northwestern Mutual today announced the company will host its first Women in Tech Conference on December 3. This virtual conference will gather top companies nationwide, women technologists, and their allies for a full-day event focused on professional development, empowerment and collaboration with the ultimate goal of fostering a more diverse and inclusive tech industry and […]

    New Documentary Seeks to Tell True Story of Columbus

    {October 14th, 2020} by Knights of Columbus

    NEW HAVEN, Conn., Oct. 11, 2020 /PRNewswire/ — A new documentary on Christopher Columbus co-produced by the Knights of Columbus and the National Columbus Education Foundation with narration by Chazz Palminteri will premiere nationally this Columbus Day Weekend. Courage and Conviction: The True Story of Christopher Columbus examines the life and legacy of the historic figure credited with the discovery of the New […]

    RetireOne® and Protective® Collaborate on New Low-Cost Advisory Variable Annuity for RIAs

    {October 14th, 2020} by RetireONe

    SAN FRANCISCO and BIRMINGHAM, Ala., Oct. 8, 2020 /PRNewswire/ — RetireOne®  and Protective® are teaming up to bring a new, low-cost advisory variable annuity to market. With an M&E fee of just 30 basis points, and subaccounts from Vanguard® and DFA, the Protective® Investors Benefit Variable Annuity is one of the lowest-cost variable annuities on the market.1 “After acquiring Great-West last year, our goal […]

    Symetra Affirms Commitment to Diversity, Equity and Inclusion with Expanded Commitments to Racial Equity and Social Justice

    {October 14th, 2020} by Symetra Life Insurance Company

    BELLEVUE, Wash.–(BUSINESS WIRE)–Following its June statement on systemic racism, Symetra Life Insurance Company today sharpened its Symetra Empowers Inclusion strategic pillar by outlining a broad list of commitments that builds on its diversity, equity and inclusion principles and more explicitly details the company’s goals to advance racial equity and address racial injustice. Symetra also announced a $50,000 donation to […]

    FIDx Announces the Launch of FIDx Protection Intelligence to Radically Expand Annuity Distribution

    {October 14th, 2020} by FID-x

    BERWYN, Pa., Oct. 8, 2020 /PRNewswire/ — FIDx, a product-agnostic platform that connects annuities with wealth management platforms and other solution providers, today announced the launch of its proprietary platform, FIDx Protection Intelligence. The launch enables direct integration for any distribution entity to offer access to protection and income solutions from a range of insurance carrier partners. […]

    How SS&C Advent aims to meet advisor demand for annuities

    {October 14th, 2020} by Ryan W. Neal

    Fintechs are introducing new digital insurance marketplaces to meet rising demand for the products among financial advisors. SS&C Advent is now offering a new, aptly named Insurance Marketplace for advisors to find annuities, life insurance, long-term personal care and disability products for clients. The marketplace will be accessible through SS&C Advent’s portfolio management and accounting […]

    Des Moines advocate is awarded $10,000 grant to help underserved women in STEM education

    {October 8th, 2020} by Special to the Register

    Nancy Mwirotsi, founder of Pursuit of Innovation 515 (Pi515) in Des Moines, has been awarded a $10,000 Nation of Neighbors grant from Royal Neighbors of America, one of the first and largest women-led insurers in the country. Mwirotsi is known in the area for her advocacy work on behalf of underserved women, refugees, and low-income students, the […]

    You have spoken, Wink listened.

    {October 7th, 2020} by Wink's RockStars

    New product trends can be fleeting. As the market environment changes, so too does product development. However, you have spoken, and Wink listened! Indexed products that have “buy-up caps” will now have their rates and fees listed on our analysis tools’ Product Search, Product Specs, Product Rates, and Historical Rates. Hope you love it!   […]

    American Equity Confirms Receipt of Unsolicited Non-Binding Acquisition Proposal

    {October 7th, 2020} by American Equity Investment Life Insurance Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL) today confirmed that it received an unsolicited non-binding proposal from Athene Holding Ltd. (NYSE: ATH) with Massachusetts Mutual Life Insurance Company to acquire all outstanding common shares of American Equity for $36.00 per share in cash. Consistent with its fiduciary responsibilities, American Equity’s […]

    Advisors Who Hate Annuities Haven’t Seen Their New Structures

    {October 7th, 2020} by Jack Sharry

    Why do some advisors hate annuities? What I hear is: “The fees are too high. They’re complicated. There’s no transparency. There’s an insurance company involved. The back office is a nightmare. Don’t you need a separate license?”  But just like our world has changed, so have annuities. They have evolved at warp speed to meet […]

    WealthVest launches free online university to help financial professionals succeed in this changing world

    {October 7th, 2020} by WealthVest

    During the COVID-19 pandemic, the way business is done has changed significantly. Some changes remain and will possibly become the new normal. For businesses and industries that thrive on face to face meetings, this change in our world has demanded a large pivot in the way business is done. The shift to digital meetings has […]

    Why American Equity’s Share Price Spiked Today

    {October 7th, 2020} by Kerry Pechter

    With new management and a new business model, American Equity Investment Life hopes to climb back onto the FIA sales leaderboard. It’s using the strategy that RIJ dubbed ‘The Bermuda Triangle’ in two stories six weeks ago. It’s now clear what American Equity intended when it hired Anant Bhalla, a former Brighthouse/MetLife financial star, as […]

    She’s Got Advice for Life Insurers

    {October 7th, 2020} by Kerry Pechter

    ‘Insurers can’t remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,’ says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC. What is the nature of insurance advice—in the context of annuities and retirement? Does it mean reading prospectuses? Does it mean recommending an indexed annuity […]

    Don’t let ageism stop you from talking about longevity

    {October 7th, 2020} by Kathleen Burns Kingsbury

    The financial industry often denies the fact that clients are living longer than ever before. Just think about the first words that come to mind when you think of old people — words such as frail, slow, cranky, feeble or sick are typically associated with seniors. Click HERE to read the full story via InvestmentNews.

    Former Agent Group Leader Says NAIFA and Finseca Should Combine

    {October 7th, 2020} by Allison Bell

    A former chief executive officer of the National Association of Insurance and Financial Advisors (NAIFA) says NAIFA should team up with Finseca. David Woods, who served as NAIFA’s CEO from 2003 through 2007, said he has been disappointed to see the Association for Advanced Life Underwriter combine with GAMA International to form Finseca, while staying […]

    5 Myths Keeping Black Americans From Buying Life Insurance

    {October 7th, 2020} by John Hilton

    Some recent studies show that Black households are more receptive than other races are to purchasing life insurance — the key is reaching that market. Nearly 80% of Black Americans said having life insurance is a goal for them, a 2019 New York Life study found, versus 63% of all adults. More than 90% of […]

    Low Interest Rates Push Prices for New Life-LTC Hybrids Higher: Milliman

    {October 7th, 2020} by Allison Bell

    Falling interest rates seem to be hitting issuers of long-term care (LTC) hybrid products hard. Actuaries at Milliman have included comments supporting that assessment in a new summary of results from an LTC hybrid issuer survey. Seven of the nine carriers that participated said they had increased LTC hybrid prices at least once in the previous […]

    Tackling Pay Equity in the Insurance Industry

    {October 7th, 2020} by Zev Eigen

    The insurance industry has a well-known pay gap that is worse than the national average and larger today than it was in 1951. Fortunately, insurance companies are getting serious about pay equity based on gender and race — and for good reasons: One: it’s the law. Two: it’s good for business. Three: it’s the right thing to […]

    AM Best Affirms Credit Ratings of Great-West Lifeco Inc. and Its Subsidiaries

    {October 7th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of The Canada Life Assurance Company (Winnipeg, Manitoba) and its affiliates. Concurrently, AM Best has affirmed the Long-Term ICR of “a” and the Long-Term Issue Credit Ratings (Long-Term IR) of Great-West Lifeco Inc. (Lifeco) […]

    Investors Heritage Celebrates 60 Years of Service

    {October 7th, 2020} by Investors Heritage

    FRANKFORT, Ky.–(BUSINESS WIRE)–Investors Heritage Life Insurance Company (“Investors Heritage”) announced that this year it was recognizing its 60th year of continuous operations in its mission to provide customers with reliable insurance solutions that meet their needs and those of their loved ones. Investors Heritage was founded in 1960 by two-term Kentucky Lieutenant Governor Harry Lee Waterfield. […]

    Ameriprise Financial Celebrates 15-Year Anniversary as an Independent, Publicly Traded Company Committed to Helping Clients Achieve Their Financial Goals

    {October 7th, 2020} by Ameriprise Financial

    MINNEAPOLIS–(BUSINESS WIRE)–October 3 marks the 15-year anniversary of Ameriprise Financial’s (NYSE: AMP) spinoff from American Express. The company’s roots trace back more than 125 years, when it was founded in Minneapolis as Investors Syndicate in 1894 with a vision to help everyday Americans achieve their financial goals. That legacy continued as the firm operated under […]

    AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries

    {October 7th, 2020} by AM Best

    LONDON–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has affirmed the Long-Term ICR of “a” of Zurich (a non-operating holding company). The […]

    Protective Life Announces Expanded Virtual Workforce

    {October 7th, 2020} by Protective Life

    BIRMINGHAM, Ala.–(BUSINESS WIRE)–Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today the expansion of its virtual workforce, as the company refocuses its physical location footprint on three core sites in Birmingham, Cincinnati and St. Louis. Employees who regularly work in six Protective offices will join the company’s […]

    Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity

    {October 7th, 2020} by Leslie Scism

    A pair of insurance companies made a bid for American Equity Investment Life Holding Co. AEL -1.30% last month, in a bet that the small Iowa insurer’s retirement-income products will continue to be popular with conservative savers. Massachusetts Mutual Life Insurance Co. and the publicly traded Athene Holding Ltd. ATH -1.92% offered American Equity $36 a share in cash on Sept. 8, according to a […]

    TIAA Expands Investment Menu Lineup With More Than 30 New Funds

    {October 7th, 2020} by TIAA

    NEW YORK, Oct. 1, 2020 /PRNewswire/ — TIAA significantly expanded the investment options available in the TIAA Access variable annuity1 lineup. TIAA participants investing through their employer retirement plans will now have access to more than 30 new funds across a range of asset classes and outcome goals. These new investment options illustrate TIAA’s commitment to continually evolving […]

    Goldman Sachs to Eliminate 400 Jobs

    {October 7th, 2020} by Alex Padalka

    Goldman Sachs is the latest financial services company to reportedly return to laying off staff after suspending any cuts in light of the coronavirus crisis. The company intends to cut around 1% of its employees, or around 400 jobs, people with knowledge of the matter, who asked to remain anonymous, tell Bloomberg. The current round […]

    BofA Rolls Out Life Plan Tool with Access to Financial Professionals

    {October 7th, 2020} by Alex Padalka

    Bank of America says it has launched a financial planning program aimed at offering customers digital services as well as connecting clients with the firm’s financial professionals.  Life Plan, as the new program is called, is available to BofA clients through its mobile app and online banking platform, according to the bank. The program allows […]

    Joe Biden Owns a Security Benefit Variable Annuity

    {October 7th, 2020} by Allison Bell

    The 2020 presidential race has raised many important questions about the future of the country, and the world, and given a financial professionals a chance to peek inside the candidates’ portfolios. All of the four major party presidential and vice presidential candidates — President Donald Trump; Vice President Mike Pence; Joe Biden, the former vice […]

    A Conversation With Gina Birchall

    {October 7th, 2020} by P.E. Kelly

    September was Life Insurance Awareness Month, the embodiment of a strategic effort by numerous industry constituencies to provide a sharper focus on the importance and immutable efficacy of our life insurance products. Seventeen years ago, the non-profit organization LifeHappens was formed to do just that: condense and deliver a cohesive message to consumers about the […]

    October Focus Provides Opportunity For Critical Illness Insurance Awareness

    {October 7th, 2020} by American Association for Critical Illness Insurance

    October is National Critical Illness Awareness Month an opportunity for advisors and insurance agents to capitalize on the heightened awareness for this important protection. “There are 100 million Americans who may need this coverage, most of whom have never thought about their risk and ways to plan,” explains Jesse Slome, founder and director of the American […]

    Another asset manager enters the ‘Bermuda Triangle’ fixed annuity business

    {October 7th, 2020} by Editorial Staff

    ‘Aspida’s three-pronged strategy includes executing new reinsurance contracts, pursuing opportunistic acquisitions of insurance companies and issuing new annuity and life insurance products,’ an Ares Asset Management release said. Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corp., has agreed to buy all outstanding common shares in F&G Reinsurance Ltd, a Bermuda-domiciled life and annuity […]

    John Bultema Named Preident & CEO Of Columbus Life

    {October 7th, 2020} by N/A

    Cincinnati, OH – Western & Southern Financial Group has announced that John H. Bultema III will become president and chief executive officer of Columbus Life Insurance Company. Bultema will succeed J.J. Miller, who is retiring effective October 2, 2020. In addition to his new role, Bultema will continue to serve as and chief executive officer of The Lafayette […]

    Allegis Advisor Group Acquires Beacon Financial Inc.

    {October 7th, 2020} by Allegis Advisor Group

    SALT LAKE CITY, Oct. 6, 2020 /PRNewswire/ — Allegis Advisor Group, an independent insurance marketing and financial planning firm, announces today their acquisition of Beacon Financial, Inc., a national marketing organization founded in 2000, that specializes in annuities, life insurance and Medicare, and its merger into the firm. The companies will combine resources to offer affiliated advisors access […]

    FIDx and Halo Announce Partnership to Expand Annuity Distribution to Halo’s Protective Investing Platform

    {October 7th, 2020} by https://www.prnewswire.com/news-releases/fidx-and-halo-announce-partnership-to-expand-annuity-distribution-to-halos-protective-investing-platform-301143876.html

    BERWYN, Pa., Oct. 1, 2020 /PRNewswire/ — FIDx, a product-agnostic platform that seamlessly integrates insurance solutions with wealth management platforms, today announced a strategic partnership with Halo Investing, a marketplace provider that connects investors to protective investment products. The integration will elevate the availability and distribution of annuities to users of the Halo platform. FIDx and Halo are […]

    Fidelity National Financial and F&G Announce the Signing of a Definitive Agreement to Sell F&G Re to Aspida Holdings Ltd.

    {October 7th, 2020} by Fidelity National Financial, Inc

    JACKSONVILLE, Fla. and DES MOINES, Iowa, Sept. 30, 2020 /PRNewswire/ — Fidelity National Financial, Inc. (“FNF”) (NYSE: FNF) and F&G, a leading provider of annuities and life insurance, announced today that F&G has entered into a definitive agreement (the “Transaction”) to sell F&G Reinsurance Ltd (“F&G Re”) to Aspida Holdings Ltd. (“Aspida”), an indirect subsidiary of Ares Management Corporation. F&G […]

    Ameritas Investment Company, LLC Chooses Entreda, A Wholly Owned Subsidiary Of Smarsh, To Provide Endpoint Cyber Risk And Compliance Software; Completes Roll Out To Independent Financial Professionals

    {October 7th, 2020} by Entreda

    SANTA CLARA, Calif. and LINCOLN, Neb., Oct. 5, 2020 /PRNewswire/ — Entreda, an award-winning developer of integrated cybersecurity software and solutions for the wealth management and insurance industries, today announced that it has finalized an agreement with Ameritas Investment Company, LLC (AIC), an independent Broker/Dealer and Registered Investment Adviser. Entreda will provide its comprehensive suite of cybersecurity solutions to the […]

    AmeriLife Expands Third-Party Administration Capabilities with Secure Administrative Solutions Acquisition

    {October 7th, 2020} by AmeriLife Group, LLC

    CLEARWATER, Fla., Oct. 6, 2020 /PRNewswire/ — AmeriLife Group, LLC (“AmeriLife”), the national leader in marketing and distributing life, health and retirement solutions, has acquired Secure Administrative Solutions (SAS) from A-CAP. SAS is a multi-product, third-party administrator, and this acquisition plays a key role in AmeriLife’s strategic initiative to expand its third-party administrator capabilities. “This acquisition was […]

    Northwestern Mutual Invests $2.5 Million in Education to Bolster Diverse Talent in Milwaukee

    {October 7th, 2020} by Northwestern Mutual

    MILWAUKEE, Oct. 1, 2020 /PRNewswire/ — Only nine percent of Milwaukee students will earn both a high school diploma and college degree. To boost students’ long-term success to achieve their full educational and career potential, Northwestern Mutual today announced a commitment of $2.5 million to schools, nonprofits and programming in the city of Milwaukee. These funds will support the company’s newly-evolved philanthropic strategy of investing […]

    New Milliman survey reveals significant repricing of long-term care hybrid products in the last 12 months

    {October 7th, 2020} by Milliman

    SEATTLE, Sept. 30, 2020 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, today released the results of a new survey examining changes to hybrid long-term care (LTC) plans in light of the low interest rate environment and COVID-19. The study, “LTC Hybrid Product Survey,” is based on a survey of top writers of life LTC […]

    NAIFA New York State Joins Finseca

    {October 7th, 2020} by Finseca

    WASHINGTON, Sept. 29, 2020 /PRNewswire/ — Finseca – a newly-launched professional trade association formed through the merger of AALU and GAMA, which represents the financial security professionals across the United States – announced today an affiliation with NAIFA – New York State. NAIFA – NYS will align its strengths and focus with Finseca’s national reach to benefit the members of the […]

    Study Reveals Perceptions About Life Insurance Ownership Around World

    {October 7th, 2020} by Staff Reports

    All over the world, consumers rely on life insurance to protect their families and provide financial security. As we highlight the importance of life insurance as we wrap up Life Insurance Awareness Month (LIAM) in the United States, here’s a look at how consumers around the globe think about life insurance. Compared to the U.S., […]

    currency