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Archive for September 2022

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  • Wink’s demo on benchmarking rates

    {September 27th, 2022} by Wink's Intel Pros

    The Product Rates page in our analysis tools allows you to view, filter, sort, save searches, and export current rates for all currently marketed products!   How does it work,  you ask?   Click HERE to view the demo for AnnuitySpecs Product Rates   Click HERE to view the demo for LifeSpecs Product Rates       […]

    Getting to know our Chief Everything Officer

    {September 27th, 2022} by Wink's Intel Pros

    VICTORIA L. GROSSMAN, A.K.A. TORI, A.K.A. THE “DECISION DIVA.” Victoria is our Chief Everything Officer as Wink’s President and she was the first employee that Sheryl J. Moore hired to work with her at Wink. She became a member of the Moore family after Sheryl’s then four-year-old son hit on her at her teenage job. […]

    Valuable Products

    {September 26th, 2022} by Sheryl J. Moore

    Annuities + LTC and Life Insurance + LTC ______________________ Valuable Products Thanks to Kelly Augspurger, CLTC®, CSA®for facilitating this conversation!    

    Do and Do Not: Deferred Annuities

    {September 26th, 2022} by Sheryl J. Moore

    DEFERRED ANNUITIES DO: 1. Provide a minimum “floor” of income in retirement; 2. Protect you from outliving your income; and 3. Defer the taxes that you will pay on them, until taking income. DEFERRED ANNUITIES DO NOT: 1. Result in the insurance company keeping your money if you die the day after purchase; 2. Prevent […]

    Food for Thought

    {September 26th, 2022} by Sheryl J. Moore

    The one thing that all annuities have in common? A sentence on the front page of the contract. “The guarantees in this contract are only as good as the claims paying ability of the insurer.” -sjm 

    Life Insurance Awareness Month #LIAM

    {September 26th, 2022} by Wink's Intel Pros

      September is Life Insurance Awareness Month #LIAM!  Wink supports Life Insurance Awareness and will be joining in this month’s awareness campaign! We will be reprinting our CEO, Sheryl Moore’s most requested life insurance-focused articles all month long; they will be indicated with “reprint” in the title.  You’ll find these timeless articles are still relevant […]

    Reliable and Relevant: Reprint #LIAM

    {September 26th, 2022} 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 […]

    The Inconceivable Life Lesson: REPRINT #LIAM

    {September 26th, 2022} by Sheryl J. Moore

    He was not yet four years old when my manager in the home office sat me down and suggested that I purchase life insurance for my oldest child, my only son, AJ. It seemed strange to me to consider his death. Why would I want to purchase life insurance on my child? I would predecease him. This […]

    DROPPING SOME KNOWLEDGE ON UNIVERSAL LIFE PRODUCTS: REPRINT #LIAM

    {September 26th, 2022} by Sheryl J. Moore

    Recently, one of the largest Field Marketing Organizations (FMOs) in the country asked for Wink’s help with a big premium financing case. While preparing to run illustrations for the study, our team reviewed the list of products that the FMO wanted to include. I was shocked to see that while all of the products were […]

    Rising Rates Make Life Insurance Funded With Debt More Costly

    {September 26th, 2022} by Leslie Scism

    Rising interest rates and a falling stock market are putting new pressure on a popular strategy of borrowing to fund the purchase of multimillion-dollar life-insurance policies. Even before rates started to rise, consumers were being forced to make big payments when strategies failed to deliver the promised returns. Many sued their agents and insurers. Click […]

    OneAmerica Launches Variable Universal Life Insurance

    {September 26th, 2022} by OneAmerica

    INDIANAPOLIS, Sept. 20, 2022 /PRNewswire/ — The companies of OneAmerica announce the expansion of their product portfolio to offer OneAmerica® Variable Universal Life (VUL) insurance. Distributed through the Individual Life and Financial Services (ILFS) line of business, this new product provides customers with a strong vehicle for protection, while also offering them the opportunity to invest in the financial […]

    New York Life Launches Wealth Plus

    {September 26th, 2022} by New York Life

    NEW YORK–(BUSINESS WIRE)–New York Life today announced the launch of Wealth Plus, two new, innovative life insurance solutions. The Wealth Plus* series is designed to provide death benefit protection and early, tax-advantaged cash value accumulation potential, enabling clients to further maximize the benefits of life insurance as part of a holistic financial strategy. With the […]

    Life insurance technology leaders kick off ITC week at Equisoft’s Elevate, a gathering to spark innovation and ignite growth

    {September 26th, 2022} by Equisoft

    Former head of Disney University headlined Elevate, inspiring life insurance audience to unlock creativity and accelerate digital transformation LAS VEGAS, Sept. 21, 2022 /PRNewswire/ – Equisoft, a leading global provider of advanced insurance solutions, held its yearly customer event “Elevate” in Las Vegas, in advance of Insurtech Connect. Life insurance technology leaders gathered for in-depth discussions about digital transformation with their […]

    Finseca: Three Simple Steps To Follow When Buying Life Insurance

    {September 26th, 2022} by Finseca

    WASHINGTON, Sept. 22, 2022 /PRNewswire/ — September is Life Insurance Awareness Month, a great opportunity to look at a foundational element of your financial plan. If you’re like most Americans, these three simple steps may help you when making a decision about your life insurance needs.  Assess your needs. Before making any decisions about your life insurance policies, you […]

    AM Best Downgrades Issuer Credit Rating of Grange Life Insurance Company; Affirms Credit Ratings of Kansas City Life Insurance Company and Its Subsidiary

    {September 26th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb+” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Grange Life Insurance Company (Grange Life) (Columbus, OH). The outlook of the FSR has been revised to negative from stable, while the outlook of the Long-Term […]

    Global Growth Announces The Successful Rehabilitation of Michigan Insurance Company Owned by Greg Lindberg

    {September 26th, 2022} by Pavonia Life Insurance Company of Michigan

    ORLANDO, Fla.–(BUSINESS WIRE)–Global Growth today announced the rehabilitation of Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan insurance company affiliated with Global Growth and owned by Global Growth owner Greg Lindberg. As part of the rehabilitation, Pavonia is being acquired by Axar Capital Management. The rehabilitation fully protects Pavonia’s 350,000 direct and reinsured policyholders […]

    AIG Announces Redemption of Certain Outstanding Notes

    {September 26th, 2022} by AIG

      September 23, 2022 04:16 PM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today announced that it will redeem (i) $750,000,000 aggregate principal amount of its outstanding 3.900% Notes Due 2026 (CUSIP 026874DH7 / ISIN US026874DH71) (the “3.900% Notes”), (ii) all of its outstanding 3.750% Notes Due 2025 (CUSIP 026874DD6 / […]

    CL Life and Annuity Insurance Company Launches New MYGA Product to Market in Eight Weeks with FireLight®

    {September 26th, 2022} by Insurance Technologies LLC

    September 21, 2022 09:00 AM Eastern Daylight Time COLORADO SPRINGS, Colo.–(BUSINESS WIRE)–Insurance Technologies, LLC., a provider of sales and regulatory automation solutions for the life and annuities insurance industries, announces that CL Life and Annuity Insurance Company (“CL Life”), a provider of insurance products that offer policyholders stable growth, tax deferral and income planning, has […]

    John Hancock becomes the first life insurance carrier to offer access to GRAIL’s multi-cancer early detection test to customers

    {September 26th, 2022} by John Hancock

    BOSTON, Sept. 20, 2022 /PRNewswire/ — Today, John Hancock, the US division of Toronto-based Manulife ( NYSE: MFC), announced it is offering access to GRAIL’s Galleri® multi-cancer early detection test to a pilot group of existing customers through the John Hancock Vitality Program, in collaboration with reinsurer Munich Re Life US. As the first life insurance carrier to make this breakthrough screening technology available, John […]

    Life Groups Calls on States to Review Agent Exam Difficulty

    {September 26th, 2022} by Allison Bell

    Life and annuity industry groups are asking states to update agent licensing rules, make training programs more convenient, and make licensing exams more convenient and easier to pass. The American Council of Life Insurers has joined with two rival producer groups, the National Association of Insurance and Financial Advisors and Finseca, to send state lawmakers, […]

    Pacific Life Names an In-Plan Annuity Leader: Executive Changes

    {September 26th, 2022} by Allison Bell

    Pacific Life has hired Michael Oler to be head of defined contribution lifetime income for the company’s Institutional business. The Newport Beach, California-based life insurer says the new unit is a “key growth initiative.” It will use new federal rules that encourage employers to add annuitization options to defined contribution retirement plans to market in-plan […]

    The 60/40 strategy is on pace for its worst year since 1936: BofA

    {September 26th, 2022} by Dani Romero

        The recent synchronized selloff in stocks and bonds has crushed one of the most popular strategies for long-term investors: the 60/40 portfolio. According to data from strategists at Bank of America Global Research published last week, the 60/40 portfolio — a mix of 60% stocks and 40% bonds — was down 19.4% year-to-date […]

    Fintech opens up a market for banks: Lending against life insurance

    {September 26th, 2022} by Miriam Cross

    Many people buy whole life insurance as protection for their beneficiaries after they die. Josh Wyss also sees it as a savings vehicle during his lifetime. Unlike with term life insurance, which covers a specific period of the policyholder’s life, whole-life policyholders can borrow against the cash value of their policies when they need income. […]

    HUB International Partners with Ethos to Provide Access to Instant Life Insurance Coverage on the VIU by HUB Digital Brokerage Platform

    {September 26th, 2022} by HUB

    VIU by HUB adds Ethos’ fast, easy, and affordable same-day life insurance coverage – with no medical exams required – to its lineup of transactional personal insurance options CHICAGO, Sept. 20, 2022 /PRNewswire/ — Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, today announced its partnership with Ethos, a technology company that makes it easy for […]

    Meeting Female Investors Where They Are Now: In the Driver’s Seat

    {September 26th, 2022} by Jane Wollman Rusoff

    Younger women are more confident about managing and investing their money than those of prior generations. The reason isn’t complicated. “They’ve taken on a greater role in making money and determining how they want that money to fund their lives,” argues Lorna Kapusta, head of women and customer engagement at Fidelity Investments, in an interview […]

    The Leading Seller of Indexed Universal Life Has a New Weapon

    {September 26th, 2022} by Aaron Smith

    National Life had a 14.2% share of the market for indexed life policies in 2021, compared with 10.4% for No. 2 Pacific Life, according to Wink. Click HERE to read the full story via Life Annuity Specialist

    Clients Need Help With This One Powerful Threat: Martin Powell

    {September 26th, 2022} by Allison Bell

    Martin Powell wants to keep short-term fears about market ups and downs from ruining Americans’ long-term retirement savings strategies. Powell is head of annuity distribution at CUNA Mutual Group, a Madison, Wisconsin-based mutual insurer that has about $44 billion in assets. He earned a bachelor’s degree in economics and statistics from Rutgers University and a […]

    Trade Groups Urge House Vote On Index-Linked Annuities Bill

    {September 26th, 2022} by Tracey Longo

    Five insurance industry trade associations are asking the leadership of the U.S. House Financial Services Committee to bring legislation to the House floor that would expand the use of registered index-linked annuities—a vote they’re hoping to get before the midterm elections. The legislation, known as the Registration for Index Linked Annuities Act, cleared the Financial […]

    Ohio National Rolls Out Whole Life Product Linked to Indexes

    {September 20th, 2022} by Cyril Tuohy

    In the second quarter, sales of whole life insurance fell 3% from a year earlier, as measured by premiums, Limra reported on Tuesday. Market research firm Wink, which does its own survey, reported an even steeper drop of 6% to $1.1 billion. The category of final expense captured 56.5% of sales, Wink reported. MassMutual was the top seller of whole life […]

    Second-Quarter Life Sales Point to End of the Covid ‘Dividend’

    {September 20th, 2022} by Cyril Tuohy

     The average premium per whole life policy for the second quarter was $3,513, according to Wink’s Sales and Market Report. Click HERE to read the full story via LifeAnnuitySpecialist

    A-CAP and AmeriLife Enhance APP Annuity with Addition of ESG Macro 5 Index from Credit Suisse

    {September 20th, 2022} by A-CAP

    NEW YORK and CLEARWATER, Fla. | September 13, 2022 12:30 PM Eastern Daylight Time  A-CAP and AmeriLife today announced the addition of the Credit Suisse ESG Macro 5 Index (Bloomberg: CSEAGESG) to their industry-leading Accumulation Protector PlusSM (“APP”) Annuity, a 10-year fixed indexed annuity, offered through A-CAP’s subsidiaries, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company. The Credit […]

    AIG Announces Closing of Corebridge Financial, Inc. Initial Public Offering

    {September 20th, 2022} by AIG

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today announced the closing of its initial public offering (“IPO”) of Corebridge Financial, Inc. (“Corebridge,” NYSE: CRBG). The gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately USD 1.7 billion. Corebridge’s common shares began trading on […]

    AM Best Assigns Credit Ratings to CL Life and Annuity Insurance Company

    {September 20th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating (FSR) of B++ (Good) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) to CL Life and Annuity Insurance Company (CL Life) (Fort Worth, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect CL Life’s balance sheet strength, which […]

    Life insurance associations propose producer licensing reforms

    {September 20th, 2022} by Press Release

    WASHINGTON – Associations representing life insurance companies and producers have proposed reforms to the producer licensing process that will remove barriers preventing qualified individuals from becoming life insurance agents. The American Council of Life Insurers, Finseca and the National Association of Insurance and Financial Advisors presented the proposal today during the National Association of Insurance […]

    Experts portray life insurance as in demand, undergoing change

    {September 20th, 2022} by Doug Bailey

    It’s easy, and unfair, to think that life insurance is a stodgy old product that hasn’t changed much since its inception eons ago. But an overview this week of current life insurance trends and what leading advisors are doing to maximize the use of life insurance for clients portrayed an industry radically changing to meet […]

    Lincoln Financial wants consumers to understand life insurance’s living benefits

    {September 20th, 2022} by Lincoln Financial Group

    RADNOR, Pa.– New research from Lincoln Financial Group finds U.S. consumers surveyed are looking to better understand how to weather the current economic climate, yet few are taking action. During Life Insurance Awareness Month, Lincoln Financial encourages consumers to adopt an “if not now, when?” financial planning mindset, highlighting how the often unknown or misunderstood […]

    S&P: Though recession may loom, life insurers in a good position

    {September 20th, 2022} by John Hilton

    The life insurance industry is facing significant headwinds, an S&P Global Ratings’ analyst said this morning, but is strong enough financially to push through 2023. Speaking during the 2022 Insurance Summit organized by the National Association of Insurance Commissioners, Carmi Margalit, life insurance sector lead, said storm clouds are gathering and it starts with the […]

    11 Questions Clients Have About Annuities and Taxes

    {September 20th, 2022} by Emily Holbrook

    Annuities have become a common choice for investors who want to receive a steady income stream in their retirement years. They can be structured to pay income for a set number of years (such as 10 or 20) or for the lifetime of the annuity owner. Further customization is also available for most types of […]

    Corebridge, AIG’s Annuity Arm, Completes $1.7B IPO

    {September 20th, 2022} by Allison Bell

    Investors today gave Corebridge Financial — AIG’s life insurance and annuity arm — a lukewarm welcome as its shares began trading on the New York Stock Exchange, under the stock symbol “CRBG.” Corebridge shares opened at $20.50 per share. The price increased to a high of $21.05 before closing at $20.73. Click HERE to read […]

    Life Settlement Firm Sues John Hancock Over UL Cost-of-Insurance Increases

    {September 20th, 2022} by Allison Bell

    An Irish asset manager is suing John Hancock Life Insurance Company of New York over a cost-of-insurance increase on a $15 million universal life insurance policy. The lead plaintiff, Skellig ICAV, joined with its U.S. securities intermediary, Wilmington Trust, to file a complaint against John Hancock last week, in the U.S. District Court for the […]

    NAIC Proposes Actuarial Guidelines for Index-Linked Variable Annuities

    {September 20th, 2022} by William Kotapish, Carlton Fields

    On July 25, 2022, the Index-Linked Variable Annuity (A) Subgroup of the NAIC’s Life Insurance and Annuities (A) Committee issued for public comment an exposure draft of proposed actuarial guidelines for index-linked variable annuities (ILVAs). The guidelines are designed to establish standards for the design and operation of ILVAs so that they more clearly constitute […]

    Life Insurance Faces a Family Budget Stress Test: Joshua Police

    {September 20th, 2022} by Allison Bell

    Joshua Police thinks financial professionals can help families protect themselves better against the risk of premature death by getting people talking about their hopes and fears. Police is the executive vice president of distribution and business development at Boston Mutual Life Insurance Company, a Canton, Massachusetts-based life insurer that’s been around since 1891 and has […]

    Life Insurers Should Plan for Stress: Barings’ Insurance Head

    {September 20th, 2022} by Allison Bell

    Ken Griffin is in charge of helping life insurance and annuities keep their promises to your clients. Griffin is the new head of insurance solutions at Barings, a Charlotte, North Carolina-based asset management arm of MassMutual. Barings has about $349 billion in assets, including $223 billion in insurance assets under management. Click HERE to read […]

    North American Life Insurers’ Inflation Shielding Looks Strong: Analysts

    {September 20th, 2022} by Allison Bell

    In a normal bad economy, North American life insurance and annuity issuers should do well. Analysts at Fitch Ratings give that assessment in a look at how they think the world’s insurers might do in a world where government banks around the world are pushing up interest rates in an effort to hold down prices. […]

    Pillar Life Aims to Sell Annuities Directly to Consumers

    {September 20th, 2022} by Allison Bell

    Two Global Bankers Insurance Group veterans are helping to start Pillar Life Insurance — a company that hopes to begin selling non-variable annuities directly to consumers through a web-based self-service process by April 2023. The insurer has posted guides to multi-year guaranteed annuity (MYGA) contracts and single-premium immediate annuities — or SPIA contracts — on […]

    Global Perspectives on Suicide: Data, Risk & Prevention

    {September 20th, 2022} by RGA

    According to the World Health Organization, suicide is among the leading causes of death worldwide, with more than one in every 100 deaths (1.3%) in 2019 as a result of suicide.  The COVID-19 pandemic increased challenges around mental healthcare, adding new levels of complexity and difficulty.      Dennis Barnes, Executive Vice President & Chief Marketing […]

    MassMutual Consumer Spending & Saving Index: Most Americans think the U.S. is already in a Recession but remain Optimistic about their Financial Futures

    {September 20th, 2022} by MassMutual

    SPRINGFIELD, Mass.–(BUSINESS WIRE)–Despite many Americans believing that the U.S. is already in a recession, most remain optimistic about their financial futures. The latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual) suggests that rising interest rates, high inflation, and stock market volatility have yet to dampen people’s views on their personal finances. “It […]

    Ohio National Teams with Accenture to Accelerate Technology Modernization

    {September 20th, 2022} by Accenture

    NEW YORK & CINCINNATI–(BUSINESS WIRE)–Accenture (NYSE: ACN) and Ohio National Financial Services, Inc. have collaborated to modernize the life insurer’s core systems, transforming its processes and helping it achieve significant top-and bottom-line business results. The modernization program consolidated Ohio National’s business onto the Accenture Life Insurance and Annuity Platform (ALIP), improving operating efficiencies and supporting […]

    AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries

    {September 20th, 2022} 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 ICRs) of “aaa” (Exceptional) of New York Life Insurance Company, New York Life Insurance and Annuity Corporation (NYLIAC), Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY). […]

    New life insurance premium up 11% over first half of 2022, LIMRA finds

    {September 20th, 2022} by Staff Reports

    Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA’s Second Quarter 2022 U.S. Retail Life Insurance Sales Survey. In the first six months of 2022, new premium was 11% higher than the same period in 2021. Click HERE to read […]

    iPipeline Ecosystem Enables National Life Group to Create Fully Automated New Business Underwriting Platform

    {September 20th, 2022} by iPipeline

    EXTON, Pa. and MONTPELIER, Vt., Sept. 13, 2022 /PRNewswire/ — iPipeline® announces that National Life Group is utilizing its iGO® e-App and Resonant® underwriting solutions to automate and optimize the underwriting and distribution of indexed universal life insurance policies.   iPipeline’s technology enables National Life to become one of the first insurance providers to distribute universal life insurance policies via a fully […]

    Insurance industry pushes ‘quick fix’ for IUL illustration issues

    {September 20th, 2022} by John Hilton

    For example, some IUL fixed interest bonuses can generate illustrated income more than 60% higher than a Benchmark Index Account [such as the S&P 500], wrote Sheryl Moore and Bobby Samuelson, who are competing product intelligence analysts. The pair co-authored a pair of comment letters. “This is, in our view, entirely inconsistent with the intent […]

    FUNDING UNIVERSAL LIFE INSURANCE AT TARGET? YOU’RE MISSING THE POINT: REPRINT #LIAM

    {September 20th, 2022} by Sheryl J. Moore

    The following article is a reprint, originally written July 15, 2013 by Sheryl J. Moore: Throughout the past [20] years of working with universal life (UL) products, one comment in particular has been overheard far too often: “…fund this UL at [X percent] over target.” This comment is especially popular in the indexed life market, […]

    Terminal Funding Annuities Smooth Rough Seas for Defined-Benefit Plans

    {September 20th, 2022} by Lowell Walters, Carlton Fields

    Current volatile market conditions and increasing interest rates are causing defined-benefit plan administrators and sponsors to consider purchasing annuity contracts (often called “terminal funding annuities”) to fund retiree benefits. Since defined-benefit plans (including cash balance plans) guarantee benefits to employees without regard to actual market returns, plan sponsor financial burdens increase when investments lose value. […]

    NAIC Life Insurance Policy Locator Helps Consumers Find Lost Life Insurance Benefits

    {September 20th, 2022} by NAIC

    WASHINGTON, Sept. 16, 2022 /PRNewswire/ — The National Association of Insurance Commissioners’ (NAIC) Life Insurance Policy Locator (LIPL) helps to connect consumers with their deceased loved ones’ lost life insurance policies and annuity contracts. “Dealing with the financial aftermath in the death of a loved one is difficult and often confusing,” said NAIC President and Idaho Insurance Director Dean Cameron. “You […]

    We Need Help Growing Life Insurance Distribution: REPRINT #LIAM

    {September 20th, 2022} by Sheryl J. Moore

    Originally posted February 5, 2011 by Sheryl J. Moore Most of you know that I am passionate about indexed life insurance and indexed annuities. However, I am passionate about insurance products in general. In fact, one of the things that I am MOST passionate about is growing our distribution! Not so long ago, life insurance […]

    Death Benefit Claim Fail #LIAM Reprint

    {September 20th, 2022} by Sheryl J. Moore

      As the nation’s top expert on life insurance and annuity products, I have spent a great deal of my time over the last couple of decades pouring-over specimen contracts and prospectuses. It’s what I do. It’s why I’m the life of the party.   Given that, I am going to admit to you one […]

    New Survey Finds Americans Want Even More Guaranteed Income in Retirement

    {September 20th, 2022} by Kiplinger's Personal Finance

    Fear over economic volatility tops the list of concerns for retirement savings, according to a new joint poll from Kiplinger and Athene WASHINGTON, Sept. 8, 2022 /PRNewswire/ — Recent volatility in the markets has altered Americans’ perceptions around what it means to have a secure retirement, as three-fourths of respondents say they would like more guaranteed income […]

    Despite rising concern, Americans leave themselves vulnerable to cyberattacks

    {September 20th, 2022} by Nationwide

    Nationwide survey reveals many consumers are unaware of cyber insurance solutions Highlights: Nationwide’s Agency Forward survey reveals 58% of consumers are concerned about falling victim to a cyberattack – up nine points since June 2020. Despite those concerns, 69% of those surveyed say they don’t have cyber insurance Without insurance, recovery from a cyber issue can take […]

    Simplicity Enters an Agreement to Acquire Allegis Advisor Group and Will Welcome Founder Chris Miller and Brian Pierce to the Simplicity Partnership

    {September 20th, 2022} by Simplicity Group

    SUMMIT, N.J., Sept. 15, 2022 /PRNewswire/ — Simplicity Group (“Simplicity”) today announced it has entered into an agreement to acquire Allegis Advisor Group (“Allegis”), an agency dedicated to supporting independent advisors across annuity, long-term care, and life insurance sales. Allegis will be the 43rd group to join Simplicity, and with the closing of this deal, the company will welcome Chris […]

    Northwestern Mutual Launches Long-Term Advantage™ Giving Clients New Levels of Flexibility to Plan for Long-Term Care Needs

    {September 20th, 2022} by Northwestern Mutual

    MILWAUKEE, Sept. 13, 2022 /PRNewswire/ — Northwestern Mutual announced today the launch of Long-Term Advantage™, a new offering designed to help people pay for long-term care needs – which, if ultimately not needed, will instead provide a life insurance benefit. The offering, which also has a guaranteed premium and will not be subject to rate increases, features a […]

    Variable Life Insurance Market Is Set to Fly High in Years to Come

    {September 20th, 2022} by ReleaseWire

    New Jersey, USA — (SBWIRE) — 09/14/2022 — The Latest Released Variable life Insurance market study has evaluated the future growth potential of Variable life Insurance market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and […]

    Millennial, Gen Z ‘super savers’ still bullish on hitting retirement goals

    {September 20th, 2022} by Gregg Greenberg

    Recession fears and inflation may be on the rise, but millennial and Gen Z “super savers” aren’t backing off their retirement plans.  Click HERE to read the full story via InvestmentNews

    Strategies & Tips To Celebrate Life Insurance Year Round

    {September 20th, 2022} by Robert Mittel, Tim Sease

    It’s September, the time of year all financial advisors look forward to — not because of changing leaves or pumpkin spice lattes, but because it’s Life Insurance Awareness Month. Every September, advisors focus their energy on sharing why their clients need protection. Then, October 1 comes around, and we wait 11 months before once again […]

    A Conversation With Mark Holweger

    {September 20th, 2022} by PE Kelley

    There is an age old tenet of marketing that life insurance must necessarily be sold in a top-down setting, with an experienced agent guiding the process from start to finish, to ensure that the client doesn’t deviate from what has always been accepted as a proven way to seal the deal. Moreover, traditionally, it was […]

    Gleaner Life Insurance Society welcomes Anthony Clark as president and CEO

    {September 20th, 2022} by The Daily Telegram

    ADRIAN — Anthony Clark, a 26-year insurance executive and a former Gleaner Life Insurance Society staff member, has returned as its 10th president and CEO. He began work on Aug. 12 after being selected by the fraternal life insurance society’s board of directors. “Gleaner is a great organization,” Clark told employees at his introduction, a news release said. […]

    I walked at the American Foundation for Suicide Prevention’s Out of the Darkness Walk.

    {September 18th, 2022} by Sheryl J. Moore

    I walked at the American Foundation for Suicide Prevention’s Out of the Darkness Walk. My sincerest thanks to all of you who donated, in honor of my son. THANK YOU! I walked for my son. I walked for my firstborn. I walked for an extraordinary human being. I walked for AJ Betts. Nine years since […]

    Indexed Life Sales Up as Fixed Universal Sales Drop

    {September 13th, 2022} by Alex Padalka

    Indexed universal life sales rose in the second quarter of 2022 as fixed universal life sales dropped, according to a recent report. Sales in indexed life reached $685.5 million in the second quarter, a total 12% greater than that of the same quarter last year, FA-IQ sister publication Life Annuity Specialist writes, citing a report […]

    THE BASICS ON INDEXED UNIVERSAL LIFE: Reprint for #LIAM

    {September 13th, 2022} by Sheryl J. Moore

    February 7, 2011 It has been nearly thirty years since consumers were first offered the benefits of Universal Life (UL) and with UL came flexibility in premium payments, death benefit options, coverage amounts, and all sorts of other things that they never dreamed of. UL was the beginning of a whole new world of product […]

    BUY TERM AND “INVEST” THE REST WITH INDEXED UNIVERSAL LIFE: Reprint #LIAM

    {September 13th, 2022} by Sheryl J. Moore

    For as long as I’ve been handling my own finances, I’ve been hearing that people should “buy term and invest the difference.” I have never really taken stock in the concept. I mean, I am a financial services professional that cut her teeth on whole life, but who would adopt this theory centered around buying […]

    More custom index choices = greater upside potential

    {September 13th, 2022} by John Rafferty

    If anything good came to the annuity industry from more than a decade of historically low interest rates, it’s the innovation that this environment compelled upon product development. With options budgets shrunken to levels last year, the “upside potential” of traditional indexes and crediting strategies like the long-suffering annual point-to-point S&P 500 index seemed a […]

    5 Myths the Hispanic Community Has About Life Insurance

    {September 13th, 2022} by Devin Pascoe

    Insurance professional and Mexican American Monica Rangel works hard to educate the Hispanic community about life insurance. The founder and CEO of Efficient Financial and Insurance Solutions in Brea, Calif., regularly members of her local community get life insurance coverage. Here are the biggest misconceptions she encounters from her Hispanic clients. Click HERE to read […]

    I Give a Damn About Life Insurance – You Should Too! #LIAM Reprint

    {September 13th, 2022} by Sheryl J. Moore

    Starting out in the insurance industry 20 years ago, there was one thing that I learned quickly and that was life insurance was a necessity. Life insurance guards against the risk of dying unexpectedly. And let’s face it – we’re all going to die. For that reason alone, I thought that I should purchase life […]

    2023 MDRT Executive Committee Delivers Expanded Member Resources for a Post-Pandemic World

    {September 13th, 2022} by MDRT

    PARK RIDGE, Ill.–(BUSINESS WIRE)–The 2023 MDRT Executive Committee takes on a global post-pandemic mission, as Peggy Tsai, RFP, CCFP, takes her place as 97th President and John Nichols, MSM, CLU, joins as Secretary. The Executive Committee will equip financial services professionals around the world, and at all stages of their careers, with the tools they need to […]

    Why Spending Falls and Financial Satisfaction Rises in Old Age

    {September 13th, 2022} by Dinah Wisenberg Brin

    People tend to spend less money in advanced old age but report feeling more satisfied financially than younger counterparts near retirement, according to recent research, which suggests that older adults incur fewer expenses as their interest in favorite pastimes wanes. Individuals’ enjoyment of various activities may decline “with worsening health, widowing and increasing age, leading to a lessening […]

    Private Equity Firms Face Life Insurer Safety Questions at Senate Hearing

    {September 13th, 2022} by Allison Bell

    Republican senators backed private firm owners of life insurers Thursday at a committee hearing on current issues in insurance. Democrats who addressed the topic questioned whether regulators are doing a good job of monitoring and controlling investment risk at private equity-owned life insurers that take over responsibility for defined benefit pension plans through pension risk […]

    Indexed Life Sales Rose 12% in Second Quarter, Wink Reports

    {September 13th, 2022} by Warren S. Hersch

    Indexed universal life sales in the second quarter reached $685.5 million, a 12% rise from the year before, according to a new report from market research firm Wink. The top five carriers in the product segment included National Life, which had the largest share, or 13.9%, of indexed life sales, followed by Transamerica, Pacific Life, Nationwide and Sammons Financial. Click HERE to […]

    Buyers Opt for Annuities Linking to Special Indexes at Record Pace

    {September 13th, 2022} by Cyril Tuohy

    The indexes were available on 49.8% of all indexed annuities sold in the April through June period, the highest percentage ever, according to Wink’s Sales & Market Report. The S&P 500 Index was an option on 38.4% of the products sold. “This is the first time that category’s allocations have surpassed the S&P 500 allocations,” said Sheryl […]

    Life insurance: The bedrock of estate planning

    {September 13th, 2022} by John Hilton

    The majority of Americans (77%) say that estate planning is important for everyone, regardless of wealth level, according to a 2021 Edward Jones survey. Yet, the data shows that most do not have an estate plan in place. And trends are getting worse. Just 32% of Americans have a will, a 2022 Caring.com survey found. […]

    SE2 Becomes Zinnia, Defining an Open Insurance Experience for Life and Annuities

    {September 12th, 2022} by Zinnia

    TOPEKA, Kan.–(BUSINESS WIRE)–SE2, an Eldridge business and leading life and annuity insurance technology and services company, today announced its evolution into Zinnia (“Zinnia” or the “Company”). Zinnia will deliver clients a modern Open Insurance experience and the tools to reimagine how life and annuities are bought, sold, serviced, and experienced. At the heart of Zinnia […]

    Northwestern Mutual Unveils “The Great Realization” – National Brand Campaign Empowering Americans To Make Their Dreams A Reality

    {September 12th, 2022} by Northwestern Mutual

    Reinforced by national survey findings, campaign spotlights cultural awakening and the need for personalized financial planning; coincides with new CMO appointment MILWAUKEE, Sept. 8, 2022 /PRNewswire/ — Northwestern Mutual has discovered an overwhelming desire among Americans to earnestly pursue their dreams now, rather than waiting for that elusive “someday.” Yet, for far too many, financial insecurity is […]

    Penn Mutual Earns 2022 Great Place to Work Certification™

    {September 12th, 2022} by The Penn Mutual LIfe Insurance Company

    HORSHAM, Pa., Sept. 12, 2022 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, is proud to be Certified™ by Great Place to Work® on its first submission for consideration. The prestigious award is based entirely on what current employees say about their experience working at Penn Mutual. This year, 93% of Penn […]

    Ibexis Life & Annuity Insurance Company Announces Distribution Partners

    {September 12th, 2022} by Ibexis Life & Annuity Insurance Company

    JEFFERSON CITY, Mo., Sept. 7, 2022 /PRNewswire/ — Ibexis Life & Annuity Insurance Company (“Ibexis”) today announced that its MYGA Plus™ fixed annuity will be offered through the following Independent Marketing Organizations (“IMOs”): Ash Brokerage, Creative One, DMI, Financial Independence Group (FIG), Gradient, Insurance Agency Marketing Services (IAMS), Magellan Financial, M&O Marketing, and TruChoice. “Ibexis is focused […]

    If you own or owned a Lincoln Life & Annuity Company of New York Universal Life Insurance Policy, your rights may be affected by a class action lawsuit

    {September 12th, 2022} by JND

    SEATTLE, Sept. 7, 2022 /PRNewswire/ — The Court has allowed a lawsuit known as Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York, Case No. 1:19-cv-06004-ALC-DCF (S.D.N.Y), to be a class action on behalf of a “Class,” or group of people, that may include you. The lawsuit alleges that Lincoln Life & Annuity Company of New York (“Defendant”) breached the […]

    AM Best Affirms Credit Ratings of American Equity Investment Life Insurance Company and Its Subsidiaries

    {September 12th, 2022} 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-” (Excellent) of American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to […]

    Best’s Special Report: First-Half 2022 Net Income in U.S. Life/Annuity Insurance Industry Jumps by More Than 60%

    {September 12th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–Net income for U.S. life/annuity (L/A) insurance industry increased by 62% in the first half of 2021, rising to $20.9 billion from $12.9 billion in the same prior-year period, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2022 U.S. Life/Annuity Financial Results,” and […]

    AM Best Affirms Credit Ratings of American Equity Investment Life Insurance Company and Its Subsidiaries

    {September 12th, 2022} 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-” (Excellent) of American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to […]

    Wink, Inc. Releases Second Quarter, 2022 Life Sales Results

    {September 7th, 2022} by Wink's Press Release

    — FOR IMMEDIATE DISTRIBUTION — NEWS RELEASE   INDEXED LIFE SALES CONTINUE ON RECORD SETTING PACE Wink, Inc. Releases Second Quarter, 2022 Life Sales Results Des Moines, Iowa. September 2nd, 2022– Wink, Inc. released the second quarter, 2022 life sales results in its 100th edition of Wink’s Sales & Market Report. Wink’s Sales & Market Report […]

    SECOND QUARTER 2022 LIFE INSURANCE SALES

    {September 7th, 2022} by Sheryl J. Moore

    Non-Variable UL Sales for the second quarter of 2022 were $790 million, compared with sales of $756 million for the second quarter of 2021. Second quarter non-variable life sales were up more than 7% when compared to the previous quarter and up more than 4% as compared to the same period last year. Non-variable universal […]

    The New Kings of Annuity Distribution May Come as a Surprise

    {September 7th, 2022} by Cyril Tuohy

    “For the first time, banks sold more annuities than any distribution channel,” Sheryl Moore, CEO of Wink and Moore Market Intelligence, said in a news release.   Click HERE to read the full story via Life Annuity Specialist Click HERE to read Sheryl Moore’s full statement.    View the Wink’s Sales & Market Report Press Release, Click HERE and […]

    MYGA sales power 2Q, Wink reports, overcoming variable sales decline

    {September 7th, 2022} by Staff Reports

    Total second-quarter sales for all deferred annuities were $72.8 billion, an increase of 21.9% when compared to the previous quarter and an increase of more than 12.8% when compared to the same period last year, according to Wink’s Sales & Market Report. Sales were powered by an 80% increase in multi-year guaranteed annuities, while variable […]

    Higher Rates Fuel Q2 Multi-Year Guaranteed Annuity Sales: Wink

    {September 7th, 2022} by Allison Bell

    Higher interest rates and client concerns about stock market volatility pushed sales of multi-year guaranteed annuities (or MYGA contracts) up hard in the second quarter. U.S. MYGA contract sales increased 82% between the second quarter of 2021 and the latest quarter, to $26 billion, according to new annuity issuer sales survey data from Wink. Click […]

    AIG Announces Launch of Initial Public Offering of Corebridge Financial, Inc.

    {September 7th, 2022} by AIG

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today launched the initial public offering (“IPO”) of its majority-owned subsidiary, Corebridge Financial, Inc. (“Corebridge,” previously “SAFG Retirement Services, Inc.”). AIG, as the selling stockholder, is offering 80 million shares of common stock (out of 645 million total common shares) of Corebridge and has granted a 30-day […]

    Is a fixed annuity worth it for those early retirement years?

    {September 7th, 2022} by Mark MacGillivray

    As an advisor, you have many tools in your toolbox to help guide your clients through their retirement planning process while diversifying their portfolios. However, there may be one tool that is currently underutilized – the fixed annuity. Similar to a bond or CD, fixed annuities are considered safe money products, with added benefits that […]

    Taking A Fresh Look At The Annuity Portfolio

    {September 7th, 2022} by Staff

    A new Issue Brief from the American Academy Of Actuaries takes a deep look at today’s annuity options and strategies. Excerpts are presented below. Access the full report at www.actuary.org.   There are many different types of insured annuities in the U.S., but they are all often simply called “annuities,” which can cause considerable confusion. This […]

    Northwestern Mutual in elite company with highest-available financial strength ratings

    {September 7th, 2022} by Northwestern Mutual

    MILWAUKEE, Aug. 30, 2022 /PRNewswire/ — Against the backdrop of surging inflation and low consumer sentiment across the country, Northwestern Mutual’s financial strength and consistency continue to set the company apart. This week the company announced it has once again maintained the highest available financial strength ratings that can be awarded within the industry. Northwestern Mutual, whose […]

    Regulators debate new indexed-linked annuity rules for nonforfeiture

    {September 7th, 2022} by John Hilton

    A regulator subgroup is inching closer to a new actuarial guideline to shoehorn the hot-selling indexed-linked annuities into variable annuity nonforfeiture rules. The Index-Linked Variable Annuity Subgroup was created last year by a National Association of Insurance Commissioners task force to focus solely on the index-linked annuity products — known variously as structured, buffered or […]

    September Is Life Insurance Awareness Month: Roselyn Sánchez and Life Happens Aim to Secure the Financial Futures of Americans With Life Insurance

    {September 7th, 2022} by Life Happens

    Roselyn to Spread Awareness About the Importance of Purchasing Life Insurance Through her Partnership with Nonprofit Life Happens ARLINGTON, Va., Sept. 1, 2022 /PRNewswire/ — Life Happens, a national nonprofit educating consumers about the importance of life insurance in a sound financial plan, kicks off its 19th annual Life Insurance Awareness Month (LIAM) campaign with actress, singer-songwriter, dancer, model, […]

    F&G Reaches Nearly $5 Billion in Institutional Markets Sales Since Launching in June 2021

    {September 7th, 2022} by Fidelity & Guaranty Life

    DES MOINES, Iowa, Sept. 1, 2022 /PRNewswire/ — F&G Annuities & Life, Inc. (F&G or the Company), an operating segment of Fidelity National Financial, Inc. (NYSE:FNF) and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, recently closed two pension risk transfer (PRT) transactions propelling cumulative sales from F&G’s Institutional Markets […]

    TIAA announces partnership with Girls in Tech to empower women in technology

    {September 7th, 2022} by TIAA

    NASHVILLE, Tenn., Sept. 6, 2022 /PRNewswire/ — TIAA has teamed up with Girls in Tech (GIT), a global nonprofit with more than 100,000 members focused on closing the gender gap in technology careers. “TIAA is committed to doing the hard work to understand the challenges and clear the path for women in tech,” said Sastry Durvasula, Chief Information […]

    New Research Underscores Value of Life Insurance in Helping Consumers Address Today’s Top Financial Planning Challenges

    {September 7th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–New research from Lincoln Financial Group (NYSE: LNC) finds U.S. consumers surveyed are looking to better understand how to weather the current economic climate, yet few are taking action. During Life Insurance Awareness Month, Lincoln Financial encourages consumers to adopt an “if not now, when?” financial planning mindset, highlighting how the often unknown […]

    KBRA Publishes Rating Report for CL Life and Crestline Assurance Holdings

    {September 7th, 2022} by KBRA

    NEW YORK–(BUSINESS WIRE)–On August 23, 2022, KBRA assigned an A- Insurance Financial Strength Rating (IFSR) to CL Life and Annuity Insurance Company (CL Life) and a BBB- Issuer Rating to CL Life’s insurance holding company, Crestline Assurance Holdings, LLC Crestline Assurance Holdings. The Outlook for both ratings is Stable. CL Life is a fixed annuity […]

    Upstream Holdings, Inc. Announces BBB- Investment Grade Rating from Egan-Jones Ratings Company on the Company and Notes Due 2028

    {September 7th, 2022} by Upstream Holdings

    NEW YORK–(BUSINESS WIRE)–Upstream Holdings, Inc. (the “Company”) announced that it has received an investment grade rating of “BBB-” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency on the Company and Notes due 2028 (the “Notes”). Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners […]

    Broker Words—September 2022

    {September 7th, 2022} by Stephen Howard

    My favorite Liam is probably Liam Devlin, Donald Sutherland’s character in the movie The Eagle Has Landed (and this and two other novels by author Jack Higgins). I still use one of my favorite quotes from time to time referring to the highly unlikely. Replying to a German officer who is explaining that Germany will shortly win […]

    Indexed Products Are Designed To Beat Fixed Rates, Not The Market

    {September 7th, 2022} by Charlie Gipple

    I have never had a client balk at my indexed annuity or indexed universal life insurance conversations when I tell them that the products are designed to do better than their fixed rate peers, not the stock market. I will tell them that if fixed rates on fixed annuities today are three or four percent, […]

    Senior Market Sales Acquires Successful Senior Health Insurance Agency, Medicare Solutions Network

    {September 7th, 2022} by Senior Market Sales

    OMAHA, Neb., Sept. 6, 2022 /PRNewswire/ — Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations, has acquired Medicare Solutions Network, a Lisle, Illinois, Medicare agency known for its engaging educational Medicare workshops and exceptional customer service in the Chicago area. SMS President Jim Summers praised the success of husband-wife team David H. Wylly, President, Founder and Chief Executive Officer, and Lori L. Wylly, […]

    The Evolution Of Variable And Indexed Life

    {September 7th, 2022} by Sean Wickersham

    There is no such thing as a one-size-fits-all product. Every client has individual needs that can typically be addressed by myriad options. Of all the options out there, one of the more versatile, especially in the insurance space, has to be variable universal life (VUL). VUL has had an interesting ride since it first rose […]

    Volatility Controlled Strategies: Not Better, Not Worse

    {September 7th, 2022} by Charlie Gipple

    If you had a choice between inheriting 40 percent of Jim’s estate or 100 percent of Richard’s estate, which one would you choose? My answer is: It depends… Of course, this is a ridiculously vague question that requires more information in order for you to make the correct choice. Click HERE to read the full […]

    Eldridge, Atlas Merchant doubling down on annuity provider DPL Financial

    {September 7th, 2022} by Gregg Greenberg

    High-profile private investors Eldridge and Atlas Merchant Capital are upping their stakes in commission-free insurance specialist DPL Financial Partners. Click HERE to read the full story via InvestmentNews

    Broker-dealers’ assets bounce back in July

    {September 7th, 2022} by Bruce Kelly

    After a brutal first half of the year that saw the S&P 500 decline into bear market territory by 20.6%, it looks as if the brokerage industry got some relief as the stock market had a great July, with the S&P gaining 9.1% last month. Click HERE to read the full story via InvestmentNews

    Millennials Are Richer And Want Advice

    {September 7th, 2022} by Eric Rasmussen

    The wealth of millennials is rising faster than that of any other demographic group. They want advice and now want to pay for it. That’s the upshot of a report by Cerulli Associates released last week. The consulting firm said that millennials in its research had an average net worth of more than $278,000 in […]

    Indexed life sales continue record-setting pace in 2Q, Wink reports

    {September 7th, 2022} by Staff Reports

    Indexed life insurance sales continued a strong pace during the second quarter, according to the Wink’s Sales & Market Report. Non-variable universal life sales for the second quarter were $790.3 million, up 7.1% when compared to the previous quarter and up 4.4% as compared to the same period last year. Non-variable universal life sales include […]

    Why this is a golden age for life insurance

    {September 7th, 2022} by Brooks Tingle

    Every generation has defining moments, but few experience an event like the COVID-19 pandemic — an inflection point that delineates the “before” from everything that follows. Historians and future generations will undoubtedly use the past two-plus years to study significant societal change. In the life insurance industry, we felt change too.  Click HERE to read […]

    Flight to safety propels New York Life, others to top of annuity hill

    {September 7th, 2022} by John Hilton

    The macroeconomic factors dominating 2022 are about as dramatic as it gets: 8-9% inflation rate, interest rates up 2% and the Dow Jones down 10%. To annuity buyers and sellers, it signals one thing: a flight to safety. In other words, a turn away from riskier, equity linked products toward safer, guaranteed rate return products […]

    Great American Life to become MassMutual Ascend Life Insurance Company

    {September 7th, 2022} by Great American Life Insurance Company

    In May 2021, Great American Life Insurance Company was sold to MassMutual. As part of this transition, we will establish a new company name. On Monday, October 3, Great American Life Insurance Company will begin doing business as MassMutual Ascend Life Insurance Company. We’re working hard to ensure that our transition to MassMutual Ascend is as […]

    Wholesaling Diversity

    {September 7th, 2022} by Sheryl Moore

    My friend Orian Williams, JD, LL.M, CFP® was recently recognized by the Association for Wholesaling Diversity to be a “Rising Star.” After listening to him on the “For Internal Use Only”podcast, I can attest that he most definitely IS a RISING STAR! He is an attorney, a wholesaler, a father of triplet girls, a foodie, a traveler, and more. […]

    MYGA sales surpass all other annuities while variable sales plummet in Q2

    {September 7th, 2022} by Insurance Forums Staff

    Multi-year guaranteed annuity (MYGA) sales in the second quarter of 2022 hit $26.2 billion—up more than 79.9% when compared to the previous quarter, and up 81.8% when compared to the same period last year according to the 100th edition of Wink’s Sales & Market Report. “Multi-Year Guaranteed Annuity sales exploded again this quarter,” said Sheryl Moore, CEO […]

    Finseca Completes NAILBA Merger

    {September 7th, 2022} by Allison Bell

    Finseca announced today that it has completed previously announced plans to combine with another financial professional group, the National Association of Independent Life Brokerage Agencies. NAILBA will now be known as “NAILBA, a Finseca Community, according to Finseca. Marc Cadin, Finseca’s CEO, said the group is just getting started with life insurance and financial services […]

    U.S. Life Expectancy Fell Another 1.2 Years in 2021

    {September 7th, 2022} by Allison Bell

    The COVID-19 pandemic continued to drive down Americans’ life expectancy in 2021. The U.S. Centers for Disease Control and Prevention is reporting, based on early data, that overall life expectancy at birth fell by 1.2 years between 2020 and 2021, to 76.1 years, according to a new report and a comparable report based on 2020 […]

    Regulators Draft Language for Hot New Annuities

    {September 7th, 2022} by Allison Bell

    Life insurers could start using a new language to build “index-linked variable annuities,” or ILVAs, as early as April 1, 2023. The Index-Linked Variable Annuity Subgroup, an arm of the National Association of Insurance Commissioners, has been working on an Actuarial Guideline ILVA draft for more than a year. Insurer groups seem to like what […]

    Life Insurance Awareness Month Arrives Amid COVID-19 Lull

    {September 7th, 2022} by Allison Bell

    Life Happens launched the 2022 Life Insurance Awareness Month campaign Thursday, at a time when memories of the deadly COVID-19 spike that hit in January are fading. The Arlington, Virginia-based financial services education group has brought in Roselyn Milagros Sánchez Rodriguez — a singer, songwriter, dancer, actor and producer born in Puerto Rico — to […]

    Actuarial Group Posts Individual Annuity Guide

    {September 7th, 2022} by Allison Bell

    Annuity experts have published a new guide to the most popular types of individual annuities available in the United States today. The Lifetime Income Risk Joint Committee — an arm of the American Academy of Actuaries — posted the issue brief on the academy website late last month. Actuaries are people who have taken tests […]

    Clients Need Help With the Bad Days, Too: Allianz Life’s Corey Walther

    {September 7th, 2022} by Allison Bell

    Corey Walther says retirement advisors need to understand that hurricanes are coming. And advisors should build risk management into a client’s retirement planning strategy long before the winds pick up. Walther is the president of Allianz Life Financial Services, a Minneapolis-based broker-dealer arm of Allianz Life Insurance Company of North America that notes that it […]

    Summer Blahs Hit U.S. Individual Life Market

    {September 7th, 2022} by Allison Bell

    COVID-19 patients crowded into hospitals just nine months ago— but memories of the deadly January surge are fading, and sales of individual cash-value life insurance have cooled. Market research firm Wink has shown what’s happening in its new U.S. individual life sales report for the second quarter. Wink bases its reports on voluntary issuer surveys. […]

    AIG Launches Corebridge Life and Annuity Unit IPO

    {September 7th, 2022} by Allison Bell

    American International Group today began a split from Corebridge Financial — its life and annuity business — that it began talking about in October 2020. AIG offered 80 million of the 645 million available shares of Corebridge common stock, or about 12% of the shares, to the public through an initial public offering. The company […]

    The secret to financial security? Owning life insurance, survey says

    {September 7th, 2022} by Press Release

    Arlington, Va. and Windsor, Conn., ―According to new findings from the 2022 Insurance Barometer Study, conducted jointly by nonprofit industry trade associations LIMRA and Life Happens, 2 in 5 parents say they are barely or not at all financially secure. This is increasingly critical, as most households haven’t prepared for the loss of a primary wage earner: 44% […]

    Life Insurance Direct Marketing Association (LIDMA) Announces 2022 Fall Meeting & Business Showcase

    {September 7th, 2022} by LIDMA

    19th Annual LIDMA Fall Meeting & Business Showcase of industry leaders to take place at the Westdrift Manhattan Beach in Manhattan Beach, California from October 16 to October 19, 2022. The 2022 LIDMA conference theme is “Future of Life Insurance Distribution” and will feature keynote speakers ATLANTA, Aug. 31, 2022 /PRNewswire/ — The Life Insurance Direct Marketing Association (LIDMA) has announced […]

    Senior Market Sales Acquires New York-Based Field Marketing Organization CareValue

    {September 7th, 2022} by Senior Market Sales

    OMAHA, Neb., Sept. 1, 2022 /PRNewswire/ — Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations, has acquired CareValue, a rapidly growing national field marketing organization (FMO) based in Canandaigua, New York, and specializing in senior life and health insurance. SMS President Jim Summers said CareValue’s technology platform, its success as a market leader serving independent insurance agents, and its […]

    TFA Representatives Recognized by Forbes as America’s Top Financial Security Professionals

    {September 7th, 2022} by Transamerica Financial Advisors

    BALTIMORE, Sept. 5, 2022 /PRNewswire/ — Transamerica Financial Advisors, Inc. (TFA) is pleased to announce that five of the organization’s independent representatives have been recognized as top-ranked financial security professionals in their respective states. Forbes and SHOOK Research have ranked the top professionals in the wealth planning, protection, and insurance industry in their annual list of Top Financial Security Professionals […]

    Industry’s first indexed whole life insurance product combines guaranteed protection with significant growth potential

    {September 7th, 2022} by Ohio National

    September 6, 2022 Groundbreaking product only available from Ohio National Indexed whole life insurance offers the stability and guarantees of traditional whole life — but with index-based growth opportunities New product ideal for consumers looking for protection and asset growth through market-based returns with accompanying downside protection.  In the life insurance industry, something totally new comes along […]

    F&G nears $5B in institutional market sales, boosted by pension transfer

    {September 6th, 2022} by N/A

    Des Moines-based F&G Annuities & Life Inc. recently closed two significant pension risk transfer transactions that have propelled the company’s institutional market sales to nearly $5 billion since that product channel’s launch by F&G just over one year ago. Since entering the institutional market last year, F&G has closed 10 pension risk transfer deals resulting […]

    Mood Swings and Investing Decisions

    {September 6th, 2022} by Richard Baker

    People have mood swings and often make decisions based on their current feelings. Following one’s feelings instead of using a planned system can lead to disaster when managing the assets inside a variable annuity or variable life policy, or any aspects of retirement planning. Understanding that a mood swing can overturn solid decision-making can help […]

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