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Archive for January 2021


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  • Nationwide Launches the Nationwide Peak 10 Fixed Indexed Annuity with New Development and Distribution Partner AmeriLife

    {January 27th, 2021} by AmeriLife

    COLUMBUS, Ohio, Jan. 22, 2021 /PRNewswire/ — Nationwide, a financially strong and diversified, Fortune 100 insurance and financial services company, announces the launch of the Nationwide Peak 10® fixed indexed annuity. Peak 10 is the latest addition to Nationwide’s diverse product lineup, and its first annuity in partnership with AmeriLife, a national leader in developing and distributing […]

    New York Life helps retirees embrace the new normal in retirement with the launch of IndexFlex Variable Annuity.

    {January 27th, 2021} by New York Life

    NEW YORK, January 19, 2021 – New York Life announced today that it has expanded its comprehensive suite of retirement solutions. The company’s latest variable annuity, the New York Life IndexFlex Variable Annuity (IndexFlex), issued by a subsidiary, New York Life Insurance and Annuity Corporation, offers variable investment, principal protected index-linked and fixed account options, combining […]

    North Dakota Lawmakers Working on Annuity Best Interest Bill

    {January 27th, 2021} by Allison Bell

    North Dakota is one of the states moving toward adopting the National Association of Insurance Commissioners’ annuity sales standards model update. The update includes a “best interest” standard that’s meant to be compatible with the U.S. Securities and Exchange Commission’s Regulation Best Interest. The provision requires annuity sellers to act in consumers’ best interest. Click […]

    Annexus Retirement Solutions Shifts the Paradigm in Retirement Plan Industry with Announcement of Lifetime Income Builder

    {January 27th, 2021} by Annexus

    SCOTTSDALE, Ariz., Jan. 21, 2021 /PRNewswire/ — Annexus Retirement Solutions, a leading retirement income product design company, today announced its new solution, Lifetime Income Builder. Lifetime Income Builder is financially engineered to help participants maximize lifetime income without sacrificing growth opportunity or control. The solution will be available to the institutional retirement planning market in mid-2021, with insurance carrier […]

    Whole Life Insurance In A Lifetime Financial Plan: The Case Study

    {January 27th, 2021} by Wade Pfau

    For these comparisons, I create a case study for a forty-year-old married couple with two children who are now constructing a lifetime financial plan. Jerry and Beth have determined that it is time to get serious about retirement and life insurance planning. Jerry is employed and Beth is a homemaker. These gender roles could be […]

    Top Consumer Confusions About Cash Value Life Insurance

    {January 27th, 2021} by Tony Steuer, Amy Danise

    The process of purchasing and maintaining a life insurance policy can be confusing. Agents and advisors often sell life insurance based on a policy’s features, such as cash value and perhaps low premium payments. When you purchase a cash value life insurance policy, you’ll receive a projection of the policy’s guaranteed and non-guaranteed features. It’s […]

    How Insurers, Trying to Gain Edge, Peek at What Rivals Are Doing

    {January 27th, 2021} by Hannah Miller

    There have been recent layoffs in the life insurance industry, but Sheryl Moore, CEO of Wink, said she hasn’t seen a trend in cutting competitive intelligence roles at companies. She considers Wink, which publishes Wink’s Sales & Market Report, a competitive intelligence provider. Her company relies on data that includes publicly available information like regulatory filings as well as sales […]

    After Dodging Bullet, Insurers Lift Age Restrictions on Applicants

    {January 27th, 2021} by Hannah Miller

    Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report, noted that companies that still have age restrictions may be hesitant to lift them.   “The low-interest rate environment and the changes in the stock market due to Covid-19 I think are keeping carriers where they’re at,” she said.

    Allstate to Sell Life Insurance Unit to Blackstone for $2.8 Billion

    {January 27th, 2021} by Josh Beckerman

    Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. from Allstate Corp. for $2.8 billion, the latest in a slew of deals between financial firms and life insurance businesses. Allstate Life Insurance Co. holds about 80%, or $23 billion, of Allstate’s life and annuity reserves. The companies expect to close […]

    Hidden In Stimulus Bill: A Win For Whole Life Insurers

    {January 27th, 2021} by Press Release

    Beginning this month, life insurers will start redesigning permanent life insurance products as a result of new calculations enacted via the Consolidated Appropriations Act, 2021 (H.R. 133), Moody’s Investors Service reported. Although the CAA was largely a spending and stimulus relief bill, it also contained a provision that changed the determination of a minimum interest […]

    Star Wars And IUL: Sometimes You Both Frustrate Me

    {January 27th, 2021} by Jason Patterson

    The Death Star trench run in the original Star Wars movie was tense, and I loved it as a kid. But when Luke Skywalker, about to be pushed into the Sarlaac’s mouth, sprang off of the Desert Skiff’s plank and caught his lightsaber in Return Of The Jedi – that was a pivotal moment for me as […]

    Fed Will Likely Stress Commitment To Low Rates Amid Pandemic

    {January 27th, 2021} by Associated Press

    WASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic. Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed’s latest policy meeting ends Wednesday. He may, […]

    Insurer Gets Partial Victory In Colorado COI Lawsuit Verdict

    {January 27th, 2021} by John Hilton

    A Colorado federal judge granted a partial summary judgement to a life insurer facing a cost-of-insurance lawsuit, but is allowing the case to continue. Judge Daniel D. Domenico of the District of Colorado permitted the certification of a class action in his Jan. 6 decision. Advance Trust & Life Escrow Services filed the COI lawsuit […]

    Ohio National, Broker-Dealer Drop Federal Court Suit

    {January 27th, 2021} by Allison Bell

    An independent broker-dealer and The Ohio National Life Insurance have agreed to end federal litigation in Massachusetts over one part of a dispute over annuity producer compensation. The broker-dealer, Commonwealth Equity Services LLC, and Ohio National filed a joint stipulation of dismissal Jan. 21 with the U.S. District Court for the District of Massachusetts. Click HERE […]

    The Pandemic, Women and STEM

    {January 27th, 2021} by Maureen McQueen

    There is no doubt that the impacts of COVID-19 and its economic fallout has had an astounding impact on women. According to a new MetLife survey, 58% of women say that the pandemic has already had a negative impact on their career, and 56% fear it will impact their career in the future. These impacts […]

    Life Insurers, Financial Pros Welcome Biden-Harris Administration

    {January 27th, 2021} by Allison Bell

    Wednesday Joe Biden was sworn in as the 46th U.S. president, and Kamala Harris was sworn in as the country’s first female vice president. Financial services groups have been issuing statements responding to the official start of the Biden-Harris administration. Susan Neely, president of the American Council of Life Insurers (ACLI), extended congratulations on behalf of […]

    Private Equity Firm to Acquire Talcott Resolution Life

    {January 27th, 2021} by Allison Bell

    Sixth Street has agreed to acquire Talcott Resolution Life Insurance Company — what’s left of Hartford Financial Services Group Inc.’s old life and annuity operations, Talcott Resolution announced Wednesday. The price was not disclosed. Richard Carbone, Talcott Resolution’s chairman, described the deal with Sixth Street as a sale. The companies hope to close on the deal […]

    The Year to Talk About Money

    {January 27th, 2021} by Harry N. Stout

    We all made it to a new year. No one thought the pain and suffering of 2020 would ever end but gladly it did. (Especially for my Philadelphia Eagles.) We now have a reset opportunity for all things money. I think we should take advantage of turning the calendar’s page and highlight 2021 as “The […]

    Equity Growth and Asset Protection

    {January 27th, 2021} by Robin Raju

    For investors, the last twenty years have been something of a roller coaster. The dot-com bubble, 9/11, the financial crisis, and now the recession associated with the COVID-19 pandemic have roiled stock markets enough to make any investor apprehensive about the consequences of the next big crisis — whatever it is and whenever it comes. Click HERE […]

    Stan the Annuity Man’: Why the ‘Annuity Truth’ Beats the Annuity Dream

    {January 27th, 2021} by Jane Wollman Rusoff

    Many annuity agents, long successful at selling to clients in person, are struggling to chalk up substantial sales in pandemic-imposed virtual meetings. It is one reason annuity companies are looking, increasingly, to broker-dealers for distribution, argues Stan Haithcock, aka Stan the Annuity Man, in an interview with ThinkAdvisor. Meanwhile, says the nation’s self-described top independent […]

    #NAILBAENGAGE SPOTLIGHT with Annuity Rockstar Sheryl J. Moore

    {January 27th, 2021} by Wink's RockStars

    TODAY! Don’t miss this #NAILBAENGAGE Spotlight Interview with Annuity Rockstar Sheryl J. Moore of Moore Market Intelligence on DAY VI of #NAILBAENGAGE! LOG ON NOW to browse through the DAY VI agenda.

    Nationwide Teams With AmeriLife to Offer Indexed Annuity: Annuity Moves

    {January 27th, 2021} by Allison Bell

    Nationwide is joining with AmeriLife Group LLC to introduce an indexed annuity. Pacific Life, Newport Beach, California, has introduced the Pacific Choice Income variable annuity contract. RetireOne, San Francisco, has introduced the RetireOne Advisor Portal, to give registered investment advisors direct access to client insurance policy and annuity data, through mobile phones and tablets as well as through desktop […]

    New York Life Rolls Out Novel Way to Sell Fixed-Indexed Annuities

    {January 27th, 2021} by Warren S. Hersch

    “This is a smart move for New York Life, given the current market environment,” said Sheryl Moore, CEO of Wink, a market research firm. She added that its field agents have probably been losing sales to indexed annuities for 26 years. Click HERE to read the full story via Life Annuity Specialist

    Unique Financial Service Needs for the ASD Community

    {January 27th, 2021} by Sheryl J. Moore

    Another group that has unique needs when it comes to financial services is the ASD community. For those of you who are not in the ASD circle, Autism Spectrum Disorder affects more than 1 out of 54 Americans. My youngest son was diagnosed as ASD at the age of three. It was difficult to figure […]

    Haven Life ranks #2 on Built In NYC’s Prestigious Best Places to Work List

    {January 27th, 2021} by Haven Life

    NEW YORK, Jan. 26, 2021 /PRNewswire/ — Haven Life Insurance Agency (Haven Life), the customer-centric life insurance innovator backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), today announced its inclusion in Built In NYC’s list of Best Places to Work in 2021. The life insurance innovator jumped up 56 places from last year’s list to now […]

    Independent Insurance Group LLC Announces the Signing of a Definitive Agreement for the Acquisition of Sterling National Life Insurance Company

    {January 27th, 2021} by Independent Insurance Group

    JACKSONVILLE, Fla., Jan. 25, 2021 /PRNewswire/ — Independent Insurance Group LLC (“Independent Group”) today announced that it has entered into a definitive agreement to acquire Sterling National Life Insurance Company (“Sterling National”) from SILAC Insurance Company (“SILAC”).   Independent Life Insurance Company (“Independent Life”), Independent Group’s life and annuity subsidiary, is focused on the primary issuance of structured […]

    Why Fixed and Variable Annuities Work Well in Tandem

    {January 27th, 2021} by dkorth@finsum.com (FINSUM)

    With interest rates so low there has been increasing interest in the role that annuities can play for those near or entering retirement. Bonds just aren’t playing the dual roles of safe haven and income source that they once did, and annuities are a naturally inheritor of that role for the foreseeable future. However, one […]

    4Q Variable Annuity Sales Up 4%, Powered By Index-Linked Products

    {January 27th, 2021} by Press Release

    Fourth-quarter variable annuity sales increased 4% from prior year to $27.9 billion, powered by robust registered index-linked annuity  sales, according to preliminary results from the Secure Retirement Institute’s Individual Annuity Sales Survey. “Current economic conditions have made RILA products uniquely attractive to consumers seeking both downside protection and investment growth, drawing new manufacturers to the […]

    Q4 Life, Health and Annuity Earnings Calendar

    {January 27th, 2021} by Allison Bell

    UnitedHealth Group Inc. may have provided a preview of the new round of earnings releases last Wednesday, when it reported that COVID-19 had cut net income for the fourth quarter of 2020 to $2.4 billion, from $3.5 billion for the fourth quarter of 2019. Life insurers that were talking about the lack of impact from […]

    The Insured Retirement Institute Has Some Questions For Janet Yellen

    {January 27th, 2021} by Contributor

    On Tuesday, the Senate Finance Committee is set to hold a hearing on Joe Biden’s pick for Treasury Secretary, Janet Yellen. For the next several years her decisions and advice will impact the American economy at every level, including retirement. The Insured Retirement Institute (IRI) wants to know what Yellen is thinking about retirement issues […]

    Sixth Annual Advisor Authority Study Reveals COVID’s Impact on Women Investors: Less Optimistic, More Concerned and Less Prepared

    {January 27th, 2021} by Nationwide

    COLUMBUS, Ohio, Jan. 25, 2021 /PRNewswire/ — As the COVID-19 pandemic wears on, women investors are more concerned about their finances and feel less prepared than they’ve been in years. Nearly three in four (72%) women with investable assets of $100,000 or more said the pandemic has negatively impacted their ability to retire. These are among the latest findings from […]

    Annuity sales spike as investors sought protection in Q4

    {January 27th, 2021} by Emile Hallez

    Annuity sales saw a bump during the fourth quarter of 2020 as investors sought refuge from a volatile market and uncertain world. Click HERE to read the full story via InvestmentNews

    Conferences are planning in-person events in 2021

    {January 27th, 2021} by Nicole Casperson

    Nearly a year has gone by since the COVID-19 pandemic shuttered doors to in-person conferences, and the industry responded accordingly by converting most live events into virtual experiences.  Click HERE to read the full story via InvestmentNews

    NGL Acquires Everplans, Laying a Foundation for Expansion to Become a Digital Leader in the Insurance and Employee Benefit Landscape

    {January 27th, 2021} by National Guardian Life Insurance Company

    MADISON, Wis.–(BUSINESS WIRE)–National Guardian Life Insurance Company (NGL) is pleased to announce the acquisition of Everplans, a New York City-based digital life-planning and organization company. Everplans will remain a separate entity and operate as a wholly owned subsidiary of NGL. Together these companies will be able to provide families across the country with easy, affordable […]

    AM Best Analyst Accepted to Participate in Insurance Careers Movement’s 2021 Emerging Leaders Conference

    {January 27th, 2021} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best is pleased to announce that one of its credit rating analysts has been accepted by the Insurance Careers Movement organization to take part in its 2021 Virtual Emerging Leaders Conference, which recognizes high-performing individuals and provides professional training to develop the next generation of insurance industry leaders. Dan Mangano, a senior financial […]

    Study Shows Educators Would Save More for Retirement if Given More Choice

    {January 27th, 2021} by Equitable

    NEW YORK–(BUSINESS WIRE)–According to research conducted on behalf of Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), K-12 educators who are given a choice of retirement plan providers are more likely to contribute toward their retirement and have better financial outcomes. The research, Benefits of Multiple 403(b) Providers, surveyed 800 K-12 […]

    Pacific Life Launches “The Wave Strength” Podcast

    {January 27th, 2021} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life today announced, “The Wave Strength,” a new podcast series dedicated to the latest trends and solutions in the world of pensions and retirement plans. Hosted by Jim Breen, marketing director for Pacific Life’s Institutional Division, the show takes a deeper dive into some of the strategies and even challenges that […]

    Prudential Financial announces new leader of US insurance and retirement businesses

    {January 27th, 2021} by Prudential

    NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement Businesses. Feeney assumes this newly created role effective today and will be responsible for driving growth across the consolidated portfolio of U.S. businesses, while ensuring alignment with PGIM, the company’s asset management business. Feeney’s expanded remit will […]

    Brighthouse Financial Announces Conference Call to Discuss Fourth Quarter and Full Year 2020 Results

    {January 26th, 2021} by Brighthouse Financial, Inc

    January 21, 2021 04:15 PM Eastern Standard Time CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) announced today that it plans to hold a conference call and audio webcast to discuss its financial results for the fourth quarter and full year ended December 31, 2020, at 8:00 a.m. Eastern Time on Thursday, February 11, […]

    Social Security may not be a Ponzi scheme, but it sure acts like one

    {January 26th, 2021} by Eric J. Reinhold

    Ponzi schemes are a form of investment fraud made popular by Charles Ponzi in the 1920s. Click HERE to read the full story via InvestmentNews. 

    Allstate Announces Agreement to Sell Allstate Life Insurance Compa

    {January 26th, 2021} by The Allstate Corporation

    January 26, 2021 06:05 PM Eastern Standard Time NORTHBROOK, Ill.–(BUSINESS WIRE)–The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and […]

    Life Insurance & Annuities Day

    {January 20th, 2021} by Sheryl J. Moore

    January 27th is “Life Insurance & Annuities Day” at NAILBA’s Engage Virtual event. If you are interested in hearing what sales meetings and craft beer have in common, join me, Pam Sheehan, and Dan LaBert. There are some great webinar topics including a panel on cross-selling life insurance and annuities (I’ll be listening to Jason Lea, CFP, […]

    North Dakota Best Interest Rule Passes Key House Committee

    {January 20th, 2021} by John Hilton

    A North Dakota bill to establish a best-interest standard in the state passed a key committee today. The bill introduced by North Dakota Rep. George Keiser and Sen. Jerry Klein was unanimously approved by the House Industry, Business and Labor Committee following a morning public hearing. North Dakota is the latest state to pursue a […]

    Pacific Life Recognizes Changing Income Needs With New Offering

    {January 20th, 2021} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life launched Pacific Choice® Income, a new variable annuity with two living benefits—Enhanced Income Select 2 and Future Income Generator. Designed to help consumers grow and protect their retirement income, this new offering provides the flexibility to withdraw income when clients need it most. For clients who are planning an active […]

    Did you see Product Rates?! It’s Enhancement Time!

    {January 20th, 2021} by Wink's RockStars

    In case you missed the big announcement last week. We made some pretty cool upgrades to the Product Rates page for both AnnuitySpecs and LifeSpecs.  You’ll have to check it out yourself to experience the full awesomeness, but let’s just say that you are going to love it.   You can now filter the Product […]

    Will your savings last in retirement? This approach may help

    {January 20th, 2021} by Chris Farrell

    The fear strikes when retirement becomes a realistic option: Will I run out of money? The question is pressing since corporate America abandoned pensions for 401(k)s. The 401(k) puts the risk on employees, including how much to invest and how much to withdraw during retirement. Figuring out how to invest in a retirement savings plan […]

    Here Are the States With Best-Interest Rules for Annuities

    {January 20th, 2021} by Melanie Waddell

    The number of fiduciary and best-interest investment advice regulations continued to advance at both the federal and state levels in 2020. As 2021 takes hold, “firms subject to these regulations face challenges in dealing with rules that impose a host of new obligations, and that at times overlap and conflict with one another,” attorneys at […]

    Low Interest Rates Push LTCI Prices Up

    {January 20th, 2021} by Allison Bell

    Low interest rates and other factors may be making new, stand-alone long-term care insurance (LTCI) policies a lot more more expensive this year. The same forces also seem to be increasing the cost of “linked-benefit” arrangements, or policies that combine long-term care benefits with life insurance. Click HERE to read the full story via ThinkAdvisor

    Most Life and Annuity Issuers Have Good Stormproofing: Moody’s Analysts

    {January 20th, 2021} by Allison Bell

    Most U.S. life and annuity issuers still look strong — but one headache they face is the possibility that the failure of a long-term care insurance (LTCI) issuer could conk them on the head. Michael Fruchter, a vice president in the financial institutions group at Moody’s Investors Service Inc., and other Moody’s analysts take a new […]

    Guardian and Lafayette Life Set 2021 Dividends

    {January 20th, 2021} by Allison Bell

    The boards of two mutual life insurers are keeping their 2020 dividend rates in place this year. The life insurers are The Guardian Life Insurance Co. of America and The Lafayette Life Insurance Co. Click HERE to read the full story via ThinkAdvisor

    Nassau Financial Raises Deal Money

    {January 20th, 2021} by Allison Bell

    Nassau Financial Group LP — a company that likes the U.S. life and annuity markets — now has $100 million in extra cash that it can use to support and expand its existing business, and to buy other businesses. The Hartford, Connecticut-based insurer announced Tuesday that it has received a $100 million investment from Wilton Reassurance Company […]

    Schwab Introduces Two Custom-Built Variable Annuities That Are Among the Lowest Cost on the Market

    {January 20th, 2021} by Charles Schwab

    SAN FRANCISCO–(BUSINESS WIRE)–Charles Schwab has introduced two new variable annuities that are among the lowest cost in the industry. The Schwab Genesis Variable Annuity™ is offered directly to Schwab clients and the Schwab Genesis Advisory Variable Annuity™ is available through independent Registered Investment Advisors (RIAs) who custody assets with Schwab Advisor Services. Both products are […]

    AM Best Affirms Credit Ratings of Members of ReliaStar Life Insurance Group

    {January 20th, 2021} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of ReliaStar Life Insurance Company of New York (Woodbury, NY) and ReliaStar Life Insurance Company (Minneapolis, MN), collectively known as ReliaStar Life Insurance Group (ReliaStar). The outlook of these Credit Ratings (ratings) is stable. Both […]

    AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries

    {January 20th, 2021} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Equitable Financial Life Insurance Company of America (EFLICOA) (Phoenix, AZ) and Equitable Financial Life Insurance Company (EFLIC) (New York, NY). EFLICOA and EFLIC collectively are referred to as Equitable Life Group. […]

    AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries

    {January 20th, 2021} 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 Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. (SLF) […]

    Best’s Special Report: Variable Annuities Reforms Leading to Mixed Results for Life/Annuity Insurers

    {January 20th, 2021} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best expects variable annuity (VA) reforms from the National Association of Insurance Commissioners’ (NAIC) to diminish noneconomic volatility that resulted under the previous framework and may reduce the use of captives by U.S. life insurance and annuity writers. In its Best’s Market Segment Report, “Variable Annuities Reforms Leading to Mixed Results for Life/Annuities Insurers,” […]

    DMI Leads Industry for Customer Satisfaction

    {January 20th, 2021} by DMI

    HINGHAM, Mass.–(BUSINESS WIRE)–DMI, a leading wholesaler of consumer-driven life and annuity products announces its ‘World Class’ Net Promoter Score (NPS) of 74, a customer satisfaction rating that is more than double the industry average of 31 across Financial Services. A Net Promoter Score (NPS) is the global standard for measuring customer loyalty and satisfaction. Scores […]

    DPL Financial Partners Secures Growth Capital From Eldridge and Atlas Merchant Capital

    {January 20th, 2021} by DPL Financial Partners

    LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners (“DPL”), the leading insurance network for registered investment advisors (RIAs), today announced a $26 million combined equity capital investment from its initial investor, Eldridge, and Atlas Merchant Capital, the private investment firm founded by Bob Diamond and David Schamis. DPL plans to invest the proceeds in the development of technology […]

    Principal to Host 2021 Outlook Call on February 25, 2021

    {January 20th, 2021} by Principal

    DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® (Nasdaq: PFG) will release its outlook for 2021 on Thursday, February 25, 2021. Dan Houston, chairman, president and chief executive officer, and Deanna Strable, executive vice president and chief financial officer, will host a conference call at 10:00 a.m. ET on February 25, 2021, to provide details on the outlook […]

    Global Atlantic Enters Funding Agreement Backed Note Market

    {January 20th, 2021} by Global Atlantic Financial Group

    NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group Limited (“Global Atlantic”), a leading annuity and life insurance company, recently announced its subsidiary, Forethought Life Insurance Company, had entered the market for funding agreement backed notes, completing its first offering to institutional investors on January 15, 2021. The notes were issued by GA Global Funding Trust, an unaffiliated […]

    FBL Financial Group Schedules Fourth Quarter 2020 Earnings Release Date

    {January 20th, 2021} by FBL Financial Group, Inc.

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) will announce its fourth quarter 2020 earnings approximately 15 minutes after the close of the market on Thursday, February 4, 2021. The fourth quarter earnings release and financial supplement will be posted on the FBL Financial Group website (www.fblfinancial.com) at that time. In light of the […]

    Insuranks.com 2020 Best and Cheapest Insurance Companies and Providers Awards

    {January 20th, 2021} by Insuranks Ltd

    PALO ALTO, Calif., Jan. 13, 2021 /PRNewswire/ — Insuranks.com, a leading online educational insurance marketplace, is happy to announce its 2020 awards for both best and cheapest insurance companies in different categories based on customer feedback and expert reviews over the year, and what a year it was. The winners are welcome to get in touch with our […]

    U.S. Life Insurance Activity Hits Record Growth in 2020 Reports the MIB Life Index

    {January 20th, 2021} by MIB Group, Inc

    BRAINTREE, Mass., Jan. 13, 2021 /PRNewswire/ — U.S. life insurance application activity ended 2020 up +4.0, the highest annual year over year growth rate on record, according to the year-end MIB Life Index. December 2020 was up 3.7% over December 2019, the highest YOY growth rate for the month of December since 2011.   (PRNewsfoto/MIB Group, Inc.) (PRNewsfoto/MIB Group, Inc.) Growth […]

    Washington National Offers New Life Insurance with Monthly Income Protection

    {January 20th, 2021} by Washington National

    CARMEL, Ind., Jan. 14, 2021 /PRNewswire/ — Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income Americans in the worksite and individual markets, announced today a new group term life insurance product, Monthly Income ProtectionSM (MIP). Unlike typical life insurance that pays out in one lump sum, MIP structures the death benefit […]

    Insure.com Names America’s Best Life Insurance Companies

    {January 20th, 2021} by Insure.com

    FOSTER CITY, Calif., Jan. 14, 2021 /PRNewswire/ — Insure.com, a comprehensive resource for insurance information, releases its ninth annual survey detailing outstanding life insurance companies. The top-ranked companies offer competitive pricing, strong customer service and have a consumer base willing to recommend them. Insure surveyed more than 2,000 people about their life insurance companies. The 10 highest-ranking life […]

    RetireOne Launches Advisor Portal

    {January 20th, 2021} by RetireOne

    SAN FRANCISCO, Jan. 14, 2021 /PRNewswire/ — The newly-launched RetireOne® Advisor Portal provides RIAs direct access to client insurance policy and annuity data. Partner firms now have four options for accessing client insurance policy and annuity data for managing, reporting, and billing on those assets. RetireOne’s team has been responsible for designing and delivering advisory technology solutions in the RIA […]

    Celent research ranks Equisoft’s illustration software among the best solutions in North America

    {January 20th, 2021} by Equisoft

    PHILADELPHIA, Jan. 14, 2021 /PRNewswire/ – Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, proudly announced that its insurance quote and illustration software, Equisoft/illustrate, has been recognized by Celent as one of the top-rated solutions in North America. Research and consulting firm Celent analyzed 10 vendor-offered illustration systems available for life, […]

    AmeriLife and Senior Market Advisors Join Forces to Redefine and Innovate Insurance Distribution

    {January 20th, 2021} by AmeriLife Group, LLC

    CLEARWATER, Fla., Jan. 14, 2021 /PRNewswire/ — AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, has acquired Senior Market Advisors (SMA), one of the fastest-growing FMOs in the insurance space. The unique partnership combines AmeriLife’s scale and industry experience with SMA’s innovative approach; together the companies will be able to help […]

    Simplicity Group Welcomes Michael Kasula as Newest Principal with the Addition of Producer Resources Inc.

    {January 20th, 2021} by Simplicity Group

    SUMMIT, N.J., Jan. 19, 2021 /PRNewswire/ — Simplicity Group (“Simplicity”) is pleased to announce that it has added Producer Resources, Inc. (“Producer Resources”), an independent producer group and specialty life insurance distribution business, to the Simplicity Group of companies. As part of this expansion, Simplicity welcomes Michael Kasula, as its newest Principal and shareholder, through a transaction that […]

    Covr Financial Technologies, Americo and SCOR Join Forces to Launch New Life Insurance Product Aligned with Consumer and Business Lending

    {January 20th, 2021} by Covr Financial Technologies

    HARTFORD, Conn., Jan. 15, 2021 /PRNewswire/ — Covr Financial Technologies (Covr), Americo Financial Life and Annuity Insurance Company (Americo), and global reinsurer SCOR are today announcing the launch of LoanMatch Protector, a first-of-its-kind life insurance policy customized to a consumer’s specific loan amortization schedule. This new collaboration brings LoanMatch Protector to customers of banks, credit unions, lenders, e-banks and direct lenders through […]

    National Western Life Announces Reinsurance Transaction

    {January 20th, 2021} by National Western Life Group, Inc.

    AUSTIN, Texas, Jan. 18, 2021 /PRNewswire/ — National Western Life Insurance Company (“NWLIC”), a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI), announced today the execution of an annuity reinsurance transaction with Prosperity Life Assurance Limited (“Prosperity”), a Bermuda based reinsurer rated A- (Excellent) by A. M. Best. The effective date of the transaction is December 31, 2020. In […]

    McKinsey To Insurance: Get Younger, Get Digital And Get Flexible

    {January 20th, 2021} by John Hilton

    The insurance industry is going to have to get younger, more digitally savvy and come up with more versatile products. Oh, and employees will probably not be coming back to the office. Otherwise, it should be business as usual for the next decade. Click HERE to read the full story via INN

    Insurers Lapsed Without Notice, Breaking California Law, Lawsuits Say

    {January 20th, 2021} by John Hilton

    A pair of insurers are defendants in new lawsuits filed in California over whether proper notice was given in cases of lapse or termination of policies. The plaintiffs, who seek class-action status, claim American National Insurance Co. and Lincoln Benefit Life Co. violated a 2013 California law that beefed up notification requirements. The law establishes […]

    Is There A Viable Alternative To Bonds?

    {January 20th, 2021} by Sentinel & Enterprise (Fitchburg, MA)

    Annuities often get a bum rap, generally from market-based planners who view them as a threat, or other financial advisers that don’t really understand them very well. However, once you do understand how they work, it’s easy to see why nearly everyone would want them as a component of their portfolio. Notice I wrote “component.”  […]

    Gensler expected to put teeth in Reg BI — not overturn it

    {January 20th, 2021} by Mark Schoeff Jr.

    Investor advocates and other experts expect Gary Gensler to strengthen the broker investment advice standard his predecessor put in place rather than redo it when he takes over the Securities and Exchange Commission. Click HERE to read the full story via InvestmentNews

    Estate Tax Planning Opportunities In 2021

    {January 20th, 2021} by Joe Kitts

    The blue storm is now on the horizon with the Democratic control in both Congressional houses. The actual timing and extent of any income tax and estate tax legislation is still uncertain, and there still may be time to take advantage of planning opportunities before changes are enacted. Click HERE to read the full story […]

    Finance Industry Vets Back Firm Focused On Commission-Free Annuities

    {January 20th, 2021} by Katherine Chiglinsky

    Finance veterans Todd Boehly and Bob Diamond are backing a startup aimed at a niche part of the sector: insurance and annuities sold through registered investment advisers. Boehly’s Eldridge and Diamond’s Atlas Merchant Capital LLC invested $26 million in equity capital in DPL Financial Partners, the startup said Wednesday in a statement. Representatives from both […]

    How To Read A Life Insurance Policy Document

    {January 20th, 2021} by Tarannum Hasib and Aashika Jain

    Life insurance is a product which offers protection against risk of death or permanent disability based on the features of the chosen product. This makes understanding your life insurance policy document fully a crucial activity.  If you are an earning member of the family and plan to purchase an insurance policy, your responsibility does not […]

    IRS Issues Private Letter Rulings On Annuity Advisor Fee Proposals

    {January 20th, 2021} by Contributor

    The IRS has issued three private letter rulings that could help life insurers offer registered index-linked annuities through fee-based advisors. IRS official Rebecca Baxter ruled in all three cases, “the Fees are integral to the operation of the Adviser Contract.” She told the insurers that they can pay advisory fees directly to an annuity owner’s […]


    {January 20th, 2021} by NCOIL

    Spring Meeting Moved From March to April 15–18; Provides Time for Vaccine to Take Root; Location Under Review; Comments Welcomed on Four Model Laws up for Manasquan, NJ – The National Council of Insurance Legislators (NCOIL) announced today its decision to delay the Spring National Meeting from March to April 15 – 18.  Additionally, the […]

    IFC National Marketing Expands Integrity Platform to Help Americans on Their Healthcare Journey

    {January 20th, 2021} by Integrity Marketing Group, LLC

    DALLAS – January 19, 2021 – Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired IFC National Marketing, Inc. (“IFC”), a leading health insurance marketing organization based in Fairmont, Minnesota. As part of the acquisition, IFC owners Dave Martens, Dave Thesing and Todd Villeneuve will all become owners in Integrity. Financial […]

    Cannex U.S. Income Annuity Quote Volume Falls

    {January 20th, 2021} by Allison Bell

    Cannex Financial Exchanges Ltd. received 27% fewer requests for quotes for U.S. income annuities in 2020 than in 2019. The company provided 669,574 quotes for single-premium immediate annuity (SPIA) contracts and deferred income annuity (DIA) annuity contracts last year, down from 913,870 SPIA and DIA quotes in the previous year. Click HERE to read the […]

    Iowa Begins Applying Best-Interest Regulations

    {January 13th, 2021} by Allison Bell

    Iowa’s top insurance regulator says the state will go beyond using the new annuity suitability regulation update developed by the National Association Association of Insurance Commissioners (NAIC). Doug Ommen, Iowa’s insurance commissioner, says Iowa also will use the drafting notes included in the annuity suitability regulation update model, and a set of answers to frequently asked […]

    More States Rush To Adopt Best Interest Annuity Sales Rule

    {January 13th, 2021} by John Hilton

    Several more states are moving quickly to add a best-interest annuity sales standard to its regulation of insurance products. The latest states to pursue the best-interest model law put forth by the National Association of Insurance Commissioners are Michigan, Arkansas, Maine and Nebraska. In February 2020, the NAIC adopted a model law that articulates a […]

    Life Insurance Key To Financial Client Satisfaction, Report Shows

    {January 13th, 2021} by Steve Morelli

    Life insurance is often an add-on as needed in financial planning, but a study showed life insurance is a key factor in clients’ sense of security. That was one of the findings that Jamie Hopkins will be covering in a webinar at 1 p.m. Wednesday, Jan. 13. Hopkins did the research with advisors and consumers […]

    IRI Asks Maine to Adopt Standard “Best Interest” Regs

    {January 13th, 2021} by Allison Bell

    Commenters from the Insured Retirement Institute (IRI) are asking the Maine Bureau of Insurance to make its version of the Suitability in Annuity Transactions model update as much like the standard version of possible. The Maine bureau has proposed a state regulation that’s almost identical to the version developed by the National Association of Insurance Commissioners […]

    The Standard Introduces New Multi-Choice Annuity to Provide Clients with Multiple Withdrawal Options

    {January 13th, 2021} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Today, The Standard announces its first of several new annuity products launching this year. The Multi-Choice Annuity MCA is a single-premium deferred annuity that offers features to optimize growth potential, along with four liquidity options. It is now available in every state in which The Standard offers annuities. The Standard developed this new solution […]

    2021 Outlook For Life Insurance Buyers

    {January 13th, 2021} by Cameron Huddleston

    One of the silver linings of the pandemic is that it has prompted Americans to tackle some financial tasks they have been putting off—such as getting life insurance. In fact, 1 in 4 people surveyed by insurance industry group Life Happens said they bought life insurance for the first time because of the coronavirus. As […]

    A Small Tax Change Is a Boon for Permanent Life Insurance

    {January 13th, 2021} by Leslie Scism

    Federal lawmakers’ big year-end spending package includes a little-noticed revision of the tax code that is likely to boost sales of life insurance, particularly for wealthy Americans. The law lowers a minimum interest rate used to determine whether combination savings and death-benefit policies known as permanent life insurance are too much like investments to qualify […]

    Penn Mutual Rolls Out Guaranteed Life Policy as Others Shun Market

    {January 13th, 2021} by Cyril Tuohy

    Penn Mutual’s share of the $625 million in fixed and indexed universal life sales during the third quarter stood at 2.67%, according to Wink’s Sales & Market Report. Click HERE to read the full story via Life Annuity Specialist

    Retirement Literacy Among Women (and Men) Is Woefully Low: Survey

    {January 13th, 2021} by Ginger Szala

    A large majority of Americans, especially women, have failing grades when it comes to retirement literacy, according to a new study by the American College of Financial Services. In fact, 89% of women and 72% of men failed a 38-question test on retirement literacy in a population of 1,509 (821 women, 688 men). “Unlike men […]

    Mystery Variable Annuity Holders Tend to Drift Away: Ruark

    {January 13th, 2021} by Allison Bell

    When a life insurer has a hard time providing basic information about an annuity holder, that may be a sign the annuity holder is likely to drop a contract. Ruark analysts based the new study on data on 13.9 million policyholders and $675 billion in account value from 20 participating insurers. That compares with data […]

    Jamie Hopkins on Annuities, the Secure Act and the Wave of Early Social Security Claims

    {January 13th, 2021} by Jane Wollman Rusoff

    The pandemic and its damaging effects on the U.S. economy have caused numerous pre-retirees to claim Social Security benefits earlier than they had planned — to their detriment. That trend will continue this year, Jamie Hopkins, director of retirement research at Carson Group, forecast in a late December interview with ThinkAdvisor. He opines too about […]

    The 2 Things Your Clients Need to Know About Life Insurance

    {January 13th, 2021} by Joe Elsasser

    Over the last few years, I’ve absolutely loved watching Tony Romo as an analyst for NFL games. He has an uncanny ability to predict which play the offense will run — earning him the nickname “Romostradamus.” Probably even more impressive than his ability to quickly break down a defense and predict the play the offense […]

    Wells Fargo to Exit Non-U.S. Wealth Business

    {January 13th, 2021} by Jeff Berman

    Wells Fargo is exiting the wealth management business outside the U.S. in a move designed primarily to simplify and focus on its core domestic business. “Wells Fargo is focused on meeting our regulatory requirements, managing risk, and simplifying operations across the company,” Wells Fargo spokeswoman Shea Leordeanu told ThinkAdvisor on Thursday. “For Wells Fargo Advisors, […]

    Embrace the Shift Toward Fiduciary-Driven Financial Services

    {January 13th, 2021} by Andrew Winnett

    Fiduciary is a term that is entering the public consciousness dramatically. Advisors and agents should prepare to demonstrate exactly how they are placing their clients’ needs above their own. Various surveys conducted by financial services companies indicate that 93% of Americans believe that financial advisors should be fiduciaries. Many of those surveyed said that if […]

    Advisor Group, Cetera Face Heavy Debt, Big Risks

    {January 13th, 2021} by Jeff Berman

    As ultra-low interest rates, a challenging economy and fee pressure weigh on the financial services industry, broker-dealers Advisor Group and Cetera Financial Group face magnified risks, according to credit ratings agencies and recruiter Jon Henschen, president of Henschen & Associates. The heavy debt held by these two BDs, which are owned by private equity firms, […]

    A Financial Advisor’s Fiduciary Duty and Life Settlements

    {January 13th, 2021} by Lucas Siegel

    Life settlements are growing in popularity, even as financial advisors and insurance brokers are reluctant to discuss these transactions with their clients. That reluctance, however, is problematic — particularly if you are in a fiduciary role. Because life settlements can generate substantially more cash for the policyholder than a surrender or lapse of the insurance, […]

    Independent Life Distribution Technology Survey

    {January 13th, 2021} by Michael Bridges

    The Life Brokerage Technology Committee (formerly NAILBA Technology) is a gathering of industry technology leaders with great experience to discuss and report on standards and trends. The group is represented by brokerage general agencies, carriers, medical information providers and solution vendors. Workflows were documented, data sets were negotiated, and appetite to change was measured. Click […]

    Life Insurance Technology In 2020 Was Driven By Simplicity And Data

    {January 13th, 2021} by Ken Leibow

    We all had to adapt to change beginning nine months ago with the pandemic. A distributor’s Agency Management System (AMS) must improve its quality of service for agents/advisors, field underwriting (exams) needs to be safe, and turning Inforce data to action is critical for advisors to manage their client’s policies. Here is an inside look […]

    FIAs And GLWBs: WTF?

    {January 13th, 2021} by Charlie Gipple, CLU, ChFC

    (Part 2 Of 2) This is the second article of a two part “mini-series” on discussing “what the flow” (WTF) of an annuity conversation should be like. Afterall, based on CG Financial Group’s surveying of agents, discussing annuities with GLWB riders is an area where agents would like some further “refining.” As discussed last month, […]

    It Is About The Problem, Not The Product!

    {January 13th, 2021} by Don Levin, JD, MPA, CLF, CSA, LTCP, CLTC and Kevin Sypniewski

    For many of us, the purchase of our homes and the financing of our children’s college education will constitute the largest expenditures of our lives. In both of these cases, we typically use financial leverage, i.e., debt, to attain these objectives. Why? Click HERE to read the full story via Broker World

    American National Insurance Company 2021 Carrier Forecast

    {January 13th, 2021} by Scott Marquis

    To say that 2020 was a year of surprises is a vast understatement. Yet, the challenges presented in the past year served to accelerate underlying changes that were already at work aimed at improving the customer and producer experience. At American National we are committed to keeping the same sense of urgency as we march […]

    Mutual of Omaha 2021 Carrier Forecast

    {January 13th, 2021} by Tess Grace and Randy Mousel

    What a year we just experienced! The COVID-19 global pandemic has affected nearly every aspect of daily life. It has changed how people interact and how businesses operate. Consumers, brokers and insurance carriers are relying on technology to communicate and conduct business, making digital services more important than ever. Beyond the pandemic, we’ve seen uncertainty […]

    Broker Words—January 2021

    {January 13th, 2021} by Stephen Howard

    It is my distinct pleasure to congratulate Seixas G. “Chip” Milner, Jr., the recipient of the 2020 Douglas Mooers Award for Excellence. The National Association of Independent Life Brokerage Agencies (NAILBA) honored Milner, Chairman of the Board, The Milner Group, Lawrenceville, GA, at a virtual awards event held December 17, 2020, as part of the […]

    Mutual Trust Life Insurance Company 2021 Carrier Forecast

    {January 13th, 2021} by Luke Cosme

    A year ago in this space, I wrote an article titled “Relax, Things Are Better Than You Think”. At first glance, it appears that didn’t age very well, coming at the dawn of a year that has challenged us more than any in recent memory. The phrase “famous last words” comes to mind. Click HERE […]

    Pan-American Life Insurance Group 2021 Carrier Forecast

    {January 13th, 2021} by Carlo J. Mulvenna

    Although 2020 presented nearly unfathomable challenges, the employee benefits brokerage community responded with agility and grace. As a result of such resiliency and professionalism, we at Pan-American Benefits Solutions begin 2021 with strength and positivity. From this vantage point, we’re tackling one of the industry’s most pressing pain points: The continued lack of uniform access […]

    National Western Life Insurance Company 2021 Carrier Forecast

    {January 13th, 2021} by Jim Ryan

    Much like the rest of the world, National Western Life is excited to welcome a new year. As we look back, it’s clear that 2020, despite its many surprises, provided us an ideal opportunity to draw on our strengths to accomplish the goals we set early on. As a company, we forged ahead and put […]

    Ameriprise FA to Head Financial Planning Association’s NexGen Group

    {January 13th, 2021} by Alex Padalka

    The Financial Planning Association says it has appointed an Ameriprise financial advisor to head the association’s community of new financial planning professionals. Joey Stemmle is the 2021 president of FPA NexGen, which has more than 3,500 members, effective January 1, the association says. In his new role, Stemmle will work with the 11-member FPA NexGen […]

    Ohio National 2021 Carrier Forecast

    {January 13th, 2021} by Barbara A. Turner

    After one of the most challenging years our industry has ever experienced, I feel optimistic about our future and opportunities heading into 2021. Our products and services are needed now more than ever. Enduring a year that no one saw coming, with a global pandemic, prolonged low interest rates, and increased market volatility, was difficult […]

    OneAmerica 2021 Carrier Forecast

    {January 13th, 2021} by Dennis Martin, FSA, FCIA, MAAA

    As we embark on 2021, I’m sure most of us are more than ready for the fresh start and clean slate that January brings, especially after 2020. As I prepared to write this forecast, I reflected on what I wrote last year, back in December of 2019. I must admit, I had to pause and […]

    Allianz Life Insurance Company of North America 2021 Carrier Forecast

    {January 13th, 2021} by Eric Thomes

    Last year was, by all measures, unprecedented. As the COVID-19 pandemic caused (and continues to cause) massive health and economic crises, almost every business was forced to revisit their old way of doing business. When you add in persistent low interest rates and ongoing market volatility, those of us in the insurance and financial services […]

    Genworth Focusing On ‘Contingency Plan’ As Merger In Limbo

    {January 13th, 2021} by Wire Reports

    Genworth announced today it will focus on a “contingency plan” as another deadline for finalizing its merger with China Oceanwide Holdings Group came and went without an extension. Given uncertainty around the completion and timing of the remaining steps required to close the transaction, Genworth and Oceanwide have not extended the current Dec. 31, 2020, “end date” […]

    2 Controversial DOL Rules A Democratic Senate Could Kill

    {January 13th, 2021} by John Hilton

    In particular, the Department of Labor passed several rules that might not survive. The vehicle to erase rules is the Congressional Review Act. In an ironic twist, the CRA had been a little-used legislative tool until Trump was elected in 2016. Click HERE to read the full story via INN

    Women Are Household CFOs, But Need Help With Retirement

    {January 13th, 2021} by Susan Rupe

    More women are serving as their household’s chief financial officer, but they need help with their retirement readiness. That was one finding in research conducted by The American College of Financial Services, which found that more than 9 in 10 women with partners or spouses lead or equally share their household’s financial decision making. But […]

    Critics say Finra proposal to rein in rogues falls short

    {January 13th, 2021} by Mark Schoeff Jr.

    A Finra proposal to rein in brokerages that have a history of violations or hire a number of registered representatives with disciplinary actions has drawn criticism for not going far enough to curb rogue brokers. Click HERE to read the full story via InvestmentNews


    {January 13th, 2021} by CFP Board

    Certified Financial Planner Board of Standards, Inc. (CFP Board) reported strong increases in the number and the diversity of CFP® professionals in 2020. The significant milestones support CFP Board’s mission to ensure that the public has access to and benefits from competent and ethical financial planning advice. “The financial challenges that have impacted so many […]

    Integrity Acquires Connexion Point, One of the Nation’s Largest Senior Health Insurance Call Centers Focused on Serving the Medicare Market

    {January 13th, 2021} by Integrity Marketing Group, LLC

    DALLAS, Jan. 12, 2021 /PRNewswire/ — In an industry-transforming move, Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Connexion Point, one of the largest contact centers in the country. With a focus on the senior market, Connexion Point weaves advanced data, analytics and dynamic technology into […]

    Number of female, Black and Hispanic CFPs increases

    {January 13th, 2021} by Mark Schoeff Jr.

    The number of financial professionals holding the certified financial planner designation hit an all-time high in 2020, as the number of women, Blacks and Hispanics with the designation also increased, according to statistics released Monday. Click HERE to read the full story via InvestmentNews

    F&G Selects Majesco Distribution Management, Majesco Digital1st® Insurance on Majesco CloudInsurer® to Accelerate their Digital Transformation

    {January 13th, 2021} by Majesco

    MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, global leader of cloud insurance software solutions for insurance business transformation announced that F&G, a leading provider of annuities and life insurance, has selected Majesco Distribution Management, Majesco Digital1st® Insurance and Majesco CloudInsurer® to enable their distribution operation and growth strategy for digital transformation. “In today’s competitive landscape, our ability to rapidly onboard numerous […]

    Securian Financial Teams Up with BenefitEd to Offer Suite of Education Benefits to Workplace Retirement Plan Customers

    {January 13th, 2021} by Securian Financial

    ST. PAUL, Minn.–(BUSINESS WIRE)–Securian Financial, through a collaboration with BenefitEd, is making a suite of education benefits available to its workplace retirement plan customers. The benefits include employer-assisted student loan repayment, college savings, student loan repayment support and tuition reimbursement. Along with “Employee Choice”—a program allowing employees to choose if their employer-matched funds go toward paying […]

    Majesco Acquires ClaimVantage to Strengthen and Scale the L&A and Group Business

    {January 13th, 2021} by Majesco

    MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global provider of cloud insurance platform software, today announced that it has completed the acquisition of ClaimVantage, a global provider of enterprise claims software as well as absence and accommodation management for the L&A market segment. The acquisition of ClaimVantage comes just three months after the Thoma Bravo acquisition of Majesco. It strengthens […]

    Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit

    {January 13th, 2021} by Nassau Financial Group

    HARTFORD, Conn.–(BUSINESS WIRE)–Nassau Financial Group (“Nassau”) announced it has received an initial strategic investment of $100 million from Wilton Reassurance Company (“Wilton Re”) and Stone Point Credit (“Stone Point”). The strategic investment was made through the issuance of a new series of non-cumulative perpetual preferred equity and may be significantly increased as Nassau’s business grows. […]

    Farm Bureau Property & Casualty and Iowa Farm Bureau Federation to Take FBL Financial Group Private for $56.00 Per Share

    {January 13th, 2021} by FBL Financial Group

    EST DES MOINES, Iowa–(BUSINESS WIRE)–Farm Bureau Property & Casualty Insurance Company (“FBPCIC”) and FBL Financial Group, Inc. (NYSE: FFG) (“FBL Financial Group” or “the Company”) today announced that they have reached a definitive agreement under which FBPCIC will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock […]

    Allianz Begins Eight-Year Worldwide Olympic & Paralympic Partnership

    {January 13th, 2021} by Allianz SE

    MINNEAPOLIS–(BUSINESS WIRE)–Allianz SE, parent company of U.S.-based Allianz Life Insurance Company of North America (Allianz Life), Allianz Global Corporate & Specialty (AGCS), Allianz Partners and Euler Hermes, officially began its eight-year worldwide partnership with the Olympic and Paralympic Movements on Jan. 1, building on a collaboration with the Paralympic Movement that began in 2006. As the Worldwide Insurance Partner of […]

    Guardian Life Commits $1M to NPower to Advance Diversity in Tech and Increase Economic Opportunities for Underrepresented People

    {January 13th, 2021} by Guardian

    NEW YORK, Jan. 12, 2021 /PRNewswire/ — The Guardian Life Insurance Company of America® (Guardian Life) announced a $1 million grant to NPower, a leading national nonprofit focused on helping military veterans and young adults from underserved communities increase their opportunities for economic mobility through technology careers. With more than 8.6 million new tech jobs expected to emerge over the next […]

    The Penn Mutual Life Insurance Company Announces Updated Southern Agency Presence

    {January 13th, 2021} by The Penn Mutual LIfe Insurance Company

    HORSHAM, Pa., Jan. 12, 2021 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced a strategic relaunch of two of its Southern agencies, aligning the firm with a unified presence in the region highlighted by a commitment to having a positive impact in their respective communities. The newly-named Strategic Planning Group […]

    Policygenius Releases January 2021 Life Insurance Price Index

    {January 13th, 2021} by Policygenius

    NEW YORK, Jan. 12, 2021 /PRNewswire/ — Policygenius, the nation’s leading online insurance marketplace, announced today the January 2021 data release of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. New data from this free index is published on a monthly basis to illuminate pricing trends for […]

    Beacon Annuity Solutions is Pleased to Announce that Protective Life has Joined Annuity Switchboard®, a Service that Helps Streamline the Annuity Sales Process for Distribution Partners

    {January 13th, 2021} by Beacon Annuity Solutions

    NORTHFIELD, Ill., Jan. 12, 2021 /PRNewswire/ — Beacon Annuity Solutions®, a leading provider of cloud-based annuity software and compliance solutions, today announced Protective Life, has joined a growing list of Annuity Switchboard partners.  Annuity Switchboard, a Beacon Annuity Solutions service, offers streamlined pre-sale and compliance-driven solutions for carriers and their distribution partners — broker/dealers, banks, brokerage general […]

    Best’s Market Segment Report: Continued Poor Performance of Long-Term Care Product Keeps Pressure on U.S. Life Insurers

    {January 13th, 2021} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report. The Best’s Market Segment Report, “U.S. Long-Term Care Product Performance Pressures Continue,” states that poor performance from inadequate pricing is a significant issue for LTC insurers, owing to low interest […]

    Ameritas Selects iPipeline’s SSG Digital Platform to Enhance Life Insurance Processing for Financial Professionals

    {January 13th, 2021} by iPipeline

    EXTON, Pa.–(BUSINESS WIRE)–iPipeline® – a leading provider of low code cloud-based software solutions for the life insurance and financial services industry, today announced Ameritas has chosen the SSG Digital® Platform to streamline the application processing experience. Ameritas is a mutual-based provider of life insurance, financial services, and employee benefits. iGO® e-App and Maestro® Self-Service will […]

    3 Ways Federal Life, Health and Annuity Legislation Could Evolve Now

    {January 13th, 2021} by Allison Bell

    Major news organizations said Wednesday that two Democrats, Raphael Warnock and Jonathan Ossoff, were the winners of Tuesday’s Senate runoff elections in Georgia. Protesters who said they were supporting President Donald Trump later broke into the U.S. Capitol and shut down activities there for hours. Other protesters who said they were supporting the president organized protests that […]

    Annuity Basics: What Is A SPIA?

    {January 13th, 2021} by David Rodeck

    A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. With a SPIA, you make a single large deposit with an annuity company and your monthly payments begin immediately. While SPIAs are easy to understand, buying them requires some foresight. You purchase a SPIA with a single lump sum, instead […]

    Arkansas, Michigan Adopt Annuity Suitability Rules

    {January 6th, 2021} by Timothy Darragh

    LITTLE ROCK, Ark. //BestWire// – Arkansas and Michigan have become the latest states to approve regulations requiring insurance producers and agents to keep consumers’ best interest in the forefront when selling annuity products. The new regulations largely follow the model law approved last year by the National Association of Insurance Commissioners. The revisions say all […]

    Arkansas Adopts NAIC Annuity Model Best Interest Update

    {January 6th, 2021} by Allison Bell

    The Arkansas Insurance Department has adopted the annuity sales standards update developed by the National Association of Insurance Commissioners (NAIC). The department is moving ahead with implementing the new version of the NAIC’s Suitability in Annuity Transactions model regulation. Click HERE to read the full story via ThinkAdvisor

    Great-West Unit Closes on MassMutual’s Retirement Plan Business

    {January 6th, 2021} by Allison Bell

    Great-West Lifeco Inc.’s Empower Retirement unit is expanding its retirement plan business in the United States. The firm announced Monday that it has completed a previously announced acquisition of a large retirement plan business from Massachusetts Mutual Life Insurance Company. The deal involved a $2.35 billion ceding commission, and Empower Retirement said it will be supporting […]

    Protection Universal Life(SM) Strengthens Penn Mutual Product Portfolio

    {January 6th, 2021} by Penn Mutual

    HORSHAM, Pa., Jan. 5, 2021 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Protection Universal LifeSM (PUL), a permanent life insurance product that provides competitive death benefit protection. The policy’s death benefit is paid to beneficiaries income-tax-free and probate-free. Additional features include payment flexibility and the accumulation of cash […]

    Resolution Life completes acquisition of Voya Financial’s individual life in-force business

    {January 6th, 2021} by Resolution Life Group Holdings LP

    NEW YORK–(BUSINESS WIRE)–Resolution Life Group Holdings LP (‘Resolution Life’), a global manager of in-force life insurance businesses, is delighted to announce today that it has completed the acquisition of Voya Financial, Inc.’s, (‘Voya’) individual life in-force business. The completion sees Voya sell to Resolution Life substantially all of its in-force individual life business, including Security […]

    Voya Financial Completes Individual Life Transaction

    {January 6th, 2021} by Voya Financial, Inc

    NEW YORK–(BUSINESS WIRE)–Voya Financial, Inc. (NYSE: VOYA), announced today that it has completed the divestiture of substantially all of its individual life insurance and other legacy non-retirement annuities businesses. The closed blocks of business have been acquired by Resolution Life US, a new holding company established by Resolution Life Group. “With the completion of this […]

    Accenture Named a Leader for Application and Digital Services in Life & Annuities Insurance by Analyst Firm Everest Group

    {January 6th, 2021} by Accenture

    NEW YORK & LONDON–(BUSINESS WIRE)–Accenture (NYSE: ACN) has been named a Leader and Star Performer for application and digital services in the global life and annuities (L&A) insurance sector in a new report from industry analyst firm Everest Group. Everest Group analyzed the vision, capability and market impact of 21 leading IT application and digital […]

    5 Predictions for Life and Health Insurers for 2021

    {January 6th, 2021} by Allison Bell

    Forecasters at consulting firms, insurance technology firms, rating agencies and investment firms have been trying to peer into the mists of 2021. For a digest of some of those forecasts, see the slideshow above. We created a similar forecast review, for 2020, a year ago. Click HERE to read the full story via ThinkAdvisor

    Annuity Sales Poised for Most Growth Among IBDs: Survey

    {January 6th, 2021} by Ming Li

    Insurers believe the independent broker-dealer channel is the most likely to see growing annuity sales in the next few years, a recent survey finds. Ninety-three percent of insurers expect IBDs and agents will grow variable annuity sales in the next three years, and half expect the growth rate will be 10% or higher, according to […]

    Home Office News: Morgan Stanley Keeps Eaton Vance Brands; RBC Renames Custody Biz; JPM Launches Guided Annuities

    {January 6th, 2021} by Julie Daclag

    JPMorgan will launch a new Guided Annuity Program next year, a company spokesperson has confirmed. JPMorgan will partner with an insurer to implement selected investments as part of an annuity contract, though the spokesperson declined to specify which insurance firm. Click HERE to read the full story via Financial Advisor IQ

    New SEC marketing rule may bring fresh scrutiny to advisors

    {January 6th, 2021} by Kenneth Corbin

    Prospective clients could soon begin browsing for RIA firms via a host of third-party ratings sites, just as they would shop for a plumber or landscaper, as advisors begin to promote their practices under the SEC’s long-awaited new advertising rules. Click HERE to read the full story via Financial Planning

    Opinion: The 9 Best Life Insurance for Seniors of 2021

    {January 6th, 2021} by Rachel Nall

    The Verywell editors independently research, test, and recommend the best products; you can learn more about the review process here. They may receive commissions on purchases made from the chosen links. Click HERE to view via Verywell

    Opinion: The 6 Most Affordable Life Insurance of 2021

    {January 6th, 2021} by Kate Dore

    ife insurance is an agreement between you and an insurance company. In exchange for premium payments, the provider pays a death benefit to whomever you choose. Life insurance may offer your loved ones financial support if you were no longer around. While some policies can be expensive, it’s possible to find affordable life insurance.  Click […]

    Teenager Life Insurance Market Swot Analysis by Key Players Aviva, Allianz, AXA

    {January 6th, 2021} by HTF Market Intelligence Consulting Private Limited

    Edison, NJ — (SBWIRE) — 01/04/2021 — Global Teenager Life Insurance Market Size, Status and Forecast 2019-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the […]

    Top Life Insurance Tips For 2021

    {January 6th, 2021} by Jason Metz

    It’s not a stretch to say this past year has given us a new perspective on pretty much everything. The pandemic has profoundly affected how we interact with others, how we shop for our groceries and how we navigate the world. It also has many of us thinking about improving the financial security of our […]

    Top 5 Annuity Stories Of 2020: A Roller-Coaster Year

    {January 6th, 2021} by John Hilton

    One only needs to peek at InsuranceNewsNet’ most-read annuity stories of 2020 to see what a crazy year it has been. There’s been good news, bad news, regulation and legislation. Annuities sold great, sold poorly and, for a brief period, didn’t sell at all as insurers pulled products from the shelves during the raging COVID-19 […]

    The Top 5 Life, Health and Annuity Stories of 2020

    {January 6th, 2021} by Allison Bell

    Here’s a look at what we think were the most important life, health and annuity stories of 2020, based on our own subjective reactions to the news. Click HERE to view the slideshow via ThinkAdvisor