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

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (18,862)
  • Industry Conferences (5)
  • Industry Job Openings (4)
  • Moore on the Market (251)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (703)
  • Wink's Articles (287)
  • Wink's Inside Story (261)
  • Wink's Press Releases (107)
  • Blog Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • YOU CAN STILL LOSE MONEY WITH THESE PRODUCTS?!

    {August 9th, 2022} by Sheryl J. Moore

    Does anyone else take issue with people marketing structured annuities/RILAs as “offering downside protection?” YOU CAN STILL LOSE MONEY WITH THESE PRODUCTS?! You ARE offered some level of downside protection with structured annuities, but it isn’t like you cannot lose any money. Losses are normally tempered with a buffer or floor, which is typically less […]

    OIDs: Sales don’t seem to be following the trend

    {August 9th, 2022} by Sheryl J. Moore

    I am reading more and more about Outsourced Insurance Desks (OIDs) over the past couple of months. In fact, Jeff Waddington, CLU, CLTC from Protective Life had an interview about them in today’s InsuranceNewsNet. “An OID, at its core, allows an advisor to access products and expertise in the risk management or insurance world when appropriate for their clients.” So, […]

    Rhetorical Question

    {August 9th, 2022} by Sheryl J. Moore

    When it comes to pricing annuities, there are only 100 pennies in a dollar. And… The insurance company has to make a profit. The annuitant has to receive a fair credited rate/cap/par/spread. The distribution expenses have to be paid for a commission to the agent, and an override to the FMO. But what if it […]

    Brighthouse Financial Expands Flagship Shield Level Annuity Suite With New Product That Provides Guaranteed Lifetime Income

    {August 9th, 2022} by Brighthouse Financial, Inc

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today the expansion of its flagship Brighthouse Shield® Level Annuities suite with the launch of Brighthouse Shield Level Pay PlusSM Annuities, which are designed to help strengthen clients’ retirement portfolios by providing a stream of guaranteed lifetime income.1,2 Shield Level Pay Plus annuities also offer […]

    Prudential FlexGuard® reaches $10B total sales milestone at record pace

    {August 9th, 2022} by Prudential Financial, Inc.

    NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in the industry, according to data from the Secure Retirement Institute.1 FlexGuard allows individuals and their financial professionals to select index-linked investment strategies, including some […]

    Lincoln touts ‘robust’ life insurance sales amid ongoing restructuring

    {August 9th, 2022} by John Hilton

    It has been a rough go for Lincoln Financial for several quarters as the company shifts away from capital-intensive products to more shared-risk ones. But the Radnor, Pa.-based insurer might be turning a corner. During a second-quarter earnings call with analysts today, Lincoln executives spoke of life insurance sales up 53% from the prior-year quarter, […]

    Life Application Activity Returns to Pre-COVID Normal

    {August 9th, 2022} by Michael S. Fischer

    U.S. life insurance applications from consumers fell by 7.7% year over year in July, according to MIB Group’s activity report released this week. Activity was down by 13% from July 2020, when a coronavirus-related spike occurred, and was flat compared with the previous year. This suggests that policy purchases have returned to something like normal. […]

    Prudential CEO Lowrey: We’ll manage life business ‘very, very carefully’

    {August 9th, 2022} by John Hilton

    Prudential Financial has no plans to exit the life insurance business anytime soon, but will move forward with caution, president and CEO Charles Lowrey said today. Lowrey lauded the potential in the life insurance business during a second-quarter earnings call with industry analysts. With the final question of the session, Lowrey was asked if Prudential […]

    The Variation in Some Annuity Payouts Has Exploded

    {August 9th, 2022} by David Blanchett and Branislav Nikolic

    Single premium immediate annuities (SPIAs) can provide retirees with an incredibly valuable way to generate guaranteed lifetime income. Payout rates, which represent the annual income divided by the premium, vary both across insurance providers and over time. There are a number of different components that insurers consider when determining the respective payout rate for SPIA, […]

    Brighthouse balances strong annuity sales with weaker life numbers

    {August 9th, 2022} by John Hilton

    This month marks the fifth anniversary of Brighthouse Financial as an independent company. Executives rejoiced Friday over strong annuity sales figures during a second-quarter earnings call. Brighthouse was spun off as a separate company from MetLife as part of its long-term strategy to become a leaner, less complex insurer focused on segments with a higher […]

    12 Best & Worst Broker-Dealers: Q2 Earnings, 2022

    {August 9th, 2022} by Janet Levaux

    The latest earnings season for the broker-dealer community wrapped up on Tuesday, when LPL Financial reported its second-quarter profits — which topped analysts’ estimates. “Amid persistent market volatility and geopolitical uncertainty, our advisors reinforced the value they provide to their clients by helping them navigate through [challenging] times,” LPL President and CEO Dan Arnold said […]

    Ex-Advisor Sentenced to Almost 22 Years in Prison Over Fake-Annuity Scam

    {August 9th, 2022} by Jeff Berman

    A former registered broker and investment advisor has been sentenced to almost 22 years in prison after being convicted of stealing over $9.3 million from clients as part of an annuities-related Ponzi scheme, according to court documents and the Department of Justice. After a trial in U.S. District Court for the Northern District of Ohio, […]

    Inflation Risk is the Top Financial Concern for Nearly Three in Four Women

    {August 9th, 2022} by Alliance for Lifetime Income

    WASHINGTON, Aug. 3, 2022 /PRNewswire/ — The latest chapter of HerMoney and the Alliance for Lifetime Income’s State of Women 2022 study finds that inflation risk (73%) tops the list of women’s financial concerns, ahead of illness or disability (71%), market volatility (70%), longevity (58%) and unemployment (43%). Yet only two in five women (41%) say they […]

    Retirees can rely on annuities as a source of guaranteed income for life

    {August 9th, 2022} by IAMS, Inc

    LINCOLN, Neb., Aug. 3, 2022 /PRNewswire/ — With industry surveys showing that most retirees’ #1 fear is running out of money,1 Insurance Agency Marketing Services, Inc. (IAMS) is pleased to highlight Annuity Awareness Month and the importance of annuities as a vehicle for secure retirement income. On Monday, July 11, IAMS’ Executive Vice President and General Counsel Chris Conroy joined Nebraska Governor Pete Ricketts at […]

    National Western Life Group, Inc. Announces 2022 Second Quarter Earnings

    {August 9th, 2022} by National Western Life Group, Inc.

    AUSTIN, Texas, Aug. 8, 2022 /PRNewswire/ — Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today second quarter 2022 consolidated net earnings of $30.8 million, or $8.70 per diluted Class A common share, compared with consolidated net earnings of $49.9 million, or $14.11 per diluted Class A common share, for the second […]

    AIG Reports Second Quarter 2022 Results

    {August 9th, 2022} by American International Group, Inc

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2022. AIG Chairman & Chief Executive Officer Peter Zaffino said: “AIG had another excellent quarter. General Insurance reported outstanding results and Life and Retirement again delivered a solid performance considering the significant market headwinds in the […]

    Principal Financial Group® Announces Second Quarter 2022 Results

    {August 9th, 2022} by Principal Financial Group

    Principal Financial Group® Announces Second Quarter 2022 Results DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® (Nasdaq: PFG) announced results for second quarter 2022. Net income attributable to PFG for second quarter 2022 of $3,059.4 million, including $2,827.2 million from exited business, compared to $361.8 million for second quarter 2021. Net income per diluted share of $11.94 for second […]

    COLORADO ADOPTS STRONGER PROTECTIONS FOR ANNUITY CONSUMERS

    {August 9th, 2022} by ACLI

    WASHINGTON – American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors (NAIFA) Colorado Political Action Committee Chair and Government Relations Committee member Brent Jones issued the following joint statement on the best interest annuity rule adopted recently by the Colorado Division of Insurance: “The new […]

    American Equity Reports Strong Results as Investment Yield Improves

    {August 9th, 2022} by American Equity Investment Life Holding Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities (FIAs) today reported on its second quarter 2022 results. These results include improved yields in the investment portfolio, continued progress with our “best-in-class” asset origination partners, and continued share repurchase activities in-line with our capital return […]

    The Mystery of Why a Startup Bought a Small Seller of Burial Insurance

    {August 9th, 2022} by Cyril Tuohy

    Sheryl Moore, CEO of Wink, said Everly’s move appears to be a strategic decision to acquire a company that is successful for final expense policies, then distribute that product straight to consumers. “Final expense life insurance products are fairly transactional, so it would be an ideal product line for online distributing,” she added. Moore said […]

    Horace Mann reports second-quarter 2022 results slightly ahead of previous announcement

    {August 9th, 2022} by Horace Mann Educators Corporation

    SPRINGFIELD, Ill.–(BUSINESS WIRE)–Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the three months ended June 30, 2022: “Our capital generating capacity is strong, and we remain committed to driving shareholder value” Tweet this ($ in millions, except per share amounts)   Three Months Ended June 30,   Six Months Ended June 30,   […]

    WealthVest, in partnership with Aspida, offers new Lighthouse Index from Janus Henderson and Societe Generale

    {August 9th, 2022} by WealthVest

    WealthVest, a financial services marketing and wholesaling firm, in conjunction with Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, is now offering crediting strategies on an exclusive index from Societe Generale and Janus Henderson Investors on Aspida’s WealthLockSM Accumulator Fixed Index Annuity. The WealthLock SM Accumulator FIA, distributed solely by WealthVest’s nationwide […]

    Brighthouse Financial Announces Second Quarter 2022 Results

    {August 9th, 2022} by Brighthouse Financial, Inc

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Results The company reported net income available to shareholders of $957 million in the second quarter of 2022, or $12.77 per diluted share, compared with net income […]

    Lincoln Financial Group Reports Second Quarter 2022 Results

    {August 9th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today reported net income for the second quarter of 2022 of $238 million, or $1.34 per diluted share available to common stockholders, compared to net income in the second quarter of 2021 of $642 million, or $3.34 per diluted share available to common stockholders. Second quarter adjusted income […]

    Equitable Holdings Reports Second Quarter 2022 Results

    {August 9th, 2022} by Equitable Holdings, Inc

    NEW YORK–(BUSINESS WIRE)–Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the second quarter ended June 30, 2022. “With our resilient business model and fair value hedging program, we continued to deliver robust results and our balance sheet remains protected amidst challenging economic conditions and declining markets. We […]

    MetLife CFO John McCallion Provides Second Quarter 2022 Financial Update Video

    {August 9th, 2022} by Metlife

    NEW YORK–(BUSINESS WIRE)–MetLife, Inc. (NYSE: MET) today announced that Executive Vice President and Chief Financial Officer John McCallion has provided a second quarter 2022 financial update video. The video can be viewed on the company’s website at https://www.metlife.com/about-us/newsroom/#video. About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading […]

    Should FAs Be Tested for Cognitive Decline?

    {August 9th, 2022} by Sam Del Rowe

    Financial advisors have several ways of dealing with clients who may be behaving erratically, including freezing their accounts. But what’s the course of action when it’s the advisor exhibiting cognitive decline? “[T]he awkward part of the conversation [is] it’s not just clients. It’s me, it’s you, it’s financial advisors. None of us is immune from capacity […]

    Prudential Financial, Inc. Announces Second Quarter 2022 Results

    {August 9th, 2022} by Prudential

    NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today reported second quarter results. Net loss attributable to Prudential Financial, Inc. was $565 million ($1.53 per Common share) for the second quarter of 2022, compared to net income of $2.158 billion ($5.40 per Common share) for the second quarter of 2021. After-tax adjusted operating income was $664 […]

    Eight Ameriprise Financial Advisors Named to the Forbes Best-in-State Financial Security Professionals List

    {August 9th, 2022} by Ameriprise

    MINNEAPOLIS–(BUSINESS WIRE)–Ameriprise Financial, Inc. today announced that eight of the firm’s financial advisors were named to the Forbes list of the “Best-in-State Financial Security Professionals” in the country. Forbes recognizes the top financial advisors and professionals in the insurance industry for their excellence in helping clients protect against the financial risks posed by disability, death, or job loss. The […]

    A Majority of Americans Report a Financial Bright Spot Despite Declining Financial Confidence, According to New Findings from New York Life Wealth Watch Survey

    {August 9th, 2022} by New York Life

    NEW YORK–(BUSINESS WIRE)–As inflation remains elevated and the cost of everyday goods continues to rise, New York Life’s Wealth Watch Survey revealed that a majority (62%) of adults still report overall confidence in their ability to meet their financial goals, down from an average of 69% when compared to the beginning of the year. When asked to describe […]

    Why a life insurance policy appraisal should be part of your toolkit

    {August 9th, 2022} by William Scott Page

    At the midpoint of the year, it’s always helpful for agents and advisors to perform a broad assessment of their annual goals and modify their sales and marketing strategies accordingly. Based on conversations with producers, agents, advisors and clients, here are three mid-year resolutions for better client relationships in our current bear market. Click HERE […]

    How to get the most out of Life Insurance Awareness Month

    {August 9th, 2022} by Avo Mseka

    In  a few short weeks, the life insurance industry will be participating in Life Insurance Awareness Month. LIAM, the public awareness campaign conducted by Life Happens to educate consumers about the critical role insurance plays in a family’s financial plan, starts Sept. 1. Click HERE to read the full story via INN

    U.S. SEC addresses Wall Street ‘misconceptions’ about conflicts of interest

    {August 9th, 2022} by Katanga Johnson

    WASHINGTON, Aug 3 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors. The guidance aims to spell out expectations amid industry “misconceptions,” an SEC official told reporters, […]

    As stocks struggle, annuity sales soar to new heights

    {August 9th, 2022} by Nathan Place

    In a quarter marked by rising inflation, fears of recession and a volatile stock market, one financial instrument had a fantastic few months: annuities. In the second quarter of 2022, total annuity sales in the United States reached $77.5 billion — the highest quarterly sales ever recorded by LIMRA, an industry-funded firm that has been […]

    Midwest Holding Schedules Conference Call to Review Results from Second Quarter of 2022

    {August 9th, 2022} by Midwest Holding Inc

    LINCOLN, Neb., Aug. 4, 2022 /PRNewswire/ — Midwest Holding Inc. (“Midwest”) (NASDAQ: MDWT) today announced plans to host a conference call to discuss its financial and operating results for the second quarter of 2022 on August 16, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com  after […]

    CORRECTING and REPLACING American Financial Group, Inc. Announces Second Quarter Results

    {August 9th, 2022} by American Financial Group

    CINCINNATI–(BUSINESS WIRE)–Seventh paragraph, first sentence of release should read: “AFG had approximately $1.1 billion of excess capital (including parent company cash and investments of approximately $750 million) at June 30, 2022.” (instead of “AFG had approximately $1.1 billion of excess capital (including parent company cash and investments of approximately $1.7 billion) at June 30, 2022.”) […]

    Fidelity Taps Instagram Influencers to Reach Women

    {August 9th, 2022} by Alex Padalka

    Fidelity has opted to reach out to women through a number of Instagram influencers with hundreds of thousands of followers as part of a successful effort to engage women on the topic of money, according to news reports. The company worked with marketing firm SheSpeaks to reach “popular social media personalities,” such as Los Angeles-based Camden Scott, a […]

    Everything You Need to Know About Annuity Investing in 2022

    {August 9th, 2022} by Allison Kade

    If your clients are looking for ways to create an income stream for retirement, there’s a good chance you’ve at least thought about annuities. An annuity is an insurance contract through which investors pay premiums in return for a stream of payments for a specific period of time in the future. In some cases, that […]

    New trial for Greg Lindberg? Judge sets hearing.

    {August 9th, 2022} by Lauren Ohnesorge

    Embattled billionaire Greg Lindberg could soon know whether to expect a new trial for federal bribery charges after his conviction was overturned. Click HERE to read the full story via Triangle Business Journal

    With high inflation and volatility, do annuities make sense?

    {August 8th, 2022} by William G. Lako

    Rising interest rates, high inflation, and a declining stock market can push many investors to question their investment selection, especially those looking at retirement in a few short years. As such, the Secure Retirement Institute reported total U.S. annuity sales are at their highest since 2008. Does it make sense to purchase annuities in times […]

    At the Perfect Time

    {August 8th, 2022} by Karen Melchert and Brent Jones

    Before long, Colorado will welcome its 6 millionth resident. Whether they are an infant or a transplanted retiree, the new Coloradoan will be arriving at the perfect time. That’s because of a recent Colorado state rule that puts all of its residents – new and old – in a better position to achieve financial security […]

    Historical Snapshot the heck out of that!

    {August 2nd, 2022} by Wink's Intel Pros

    Starting with the 2Q2022, we will begin taking Historical Snapshots of our product specifications at the end of each quarter. This functionality gives you access to product specifications from past quarters. Wonder what the bonus used to be on that annuity? Check out the Historical Snapshot. How high was the street level compensation on that […]

    It’s my hope to leave a lasting impression on regulators

    {August 2nd, 2022} by Sheryl J. Moore

    I have been attempting to get Indexed Life illustrated rates regulated and under control for more than 17 years. The gamesmanship that is occurring, to boost illustrated values with a combination of hybrid indices and bonuses, has gotten ridiculous. It is my hope that teaming up with my competitor, Bobby Samuelson, on a letter to the […]

    AGA49a Joint Letter Samuelson Moore

    {August 2nd, 2022} by Sheryl J. Moore

    Please click 072522 AG49A Joint Letter Samuelson Moore to read the joint comment on the four potential options for handling the identified issue with Indexed Universal Life illustrations.

    Product experts: Regulators need to end ‘gamesmanship’ of IUL illustrations

    {August 2nd, 2022} by John Hilton

    Sheryl Moore of Moore Market Intelligence and Bobby Samuelson of The Life Product Review took the unusual step of co-authoring a comment letter on Actuarial Guideline 49-A. The pair are competitors in the product intelligence field. Click HERE to read the full story via INN

    Critics, Carriers Weigh in on Fractious Debate Over Indexed Life Illustrations

    {August 2nd, 2022} by Aaron Smith

    “I believe that a hard cap should be applied, with a range of returns that fluctuate on an outside benchmark, which is a barometer for prevailing interest rates,” said Sheryl Moore, CEO of market research firm Wink, in an email. Moore and Bobby Samuelson, president of Life Innovators and executive editor of The Life Product Review, and also five life insurers, submitted […]

    Why Insurers Should Take a Closer Look at the Integrity-Annexus Deal

    {August 2nd, 2022} by Cyril Tuohy

    “This deal could potentially open up new deals for product development for Integrity,” said Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report, “If Integrity plans to open up the proprietary Annexus Group products to their existing distribution, it could mean more sales for insurance companies.” Click HERE to read the full story via […]

    Annexus and Integrity Join Forces to Transform Annuity and Life Insurance Product Design and Distribution

    {August 2nd, 2022} by Integrity Marketing Group

    DALLAS, July 27, 2022 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Annexus, the foremost independent insurance and financial product design and distribution company. As part of the transaction, Ron Shurts, Co-Founder and CEO […]

    Index-Linked Variable Annuities Enter a New Stage of Differentiation

    {August 2nd, 2022} by Cyril Tuohy

    “Structured annuities are coming into their own,” said Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report. “They are maturing, and innovating just as we would expect of a product that is a decade old.” Click HERE to read the full story via Life Annuity Specialist

    11 Best Life Insurance Companies of August 2022

    {August 2nd, 2022} by Georgia Rose

    The life insurance market in the U.S. is competitive, made up of a mix of longstanding insurers and newer “insurtechs” that sell policies online. To narrow down our list of the best life insurance companies, we looked at customer complaints data, consumer experience and financial strength. We also assessed the types of policies on offer, […]

    RILAs: One way to keep the ‘risk on’ in retirement

    {August 2nd, 2022} by David Blanchett

    These are difficult times for investors. So far in 2022, stocks and bonds are down, and inflation is up. While this may scare many investors away from investing in risky assets such as stocks, maintaining an exposure to the stock market can be essential for retirees who need to fund income for 30 years or […]

    Sounding The Alarm On Indexed Universal Life Insurance

    {August 2nd, 2022} by Ed Leefeldt and Les Masterson

    For more than a decade, indexed universal life insurance (IUL) has been one of the life insurance industry’s most profitable businesses. New IUL premiums increased by 29% in the fourth quarter of 2021 alone, according to LIMRA, an industry-funded financial research company. Click HERE to read the full story via Forbes   Wink’s Note: What?!? Okay- there […]

    Ameriprise Sees 11% Increase in Advisor Productivity

    {August 2nd, 2022} by Allison Bell

    Ameriprise Financial says its move to sell financial services products from other companies is going well. James Cracchiolo, the Minneapolis-based company’s CEO, noted Wednesday that the company has built up a force of 10,200 financial advisors, and that the average productivity of those advisors increased 11% between the second quarter of 2021 and the latest quarter, to […]

    The 3 Top Issues at Industry Events Now

    {August 2nd, 2022} by Bill Simpson

    As financial services conferences have returned to in-person, the critical role they play has become more apparent. What we have missed over the past couple of years is how pivotal they have been in facilitating discussions in real-time while helping industry professionals keep a pulse on the first-hand challenges both financial companies and their advisors […]

    Schumer-Manchin Deal May Raise Some Life Insurers’ Taxes

    {August 2nd, 2022} by Allison Bell

    The new Inflation Reduction Act of 2022 package could have an obvious effect on any insurance agents or financial advisors who help clients with health finance issues. The 725-page package could also have an indirect effect on life and annuity advisors, through provisions that do not mention life insurers directly but that could increase some […]

    Independent RIAs, Clients’ Annuities and Fiduciary Control

    {August 2nd, 2022} by Scott Bowers

    The growth of the fee-based advice model has led to a sea change in how financial advisors do business. It’s no longer enough to possess working knowledge of stocks, bonds, and relationship-building skills. Click HERE to read the full story via ThinkAdvisor

    New York Asks Life Insurers for Disaster Plan Updates

    {August 2nd, 2022} by Allison Bell

    The New York State Department of Financial Services has sent life insurers, retirement systems, health insurers and other life and health coverage providers a request for their new disaster response plans. Carriers are supposed to send in their updated disaster response plans and business continuity plans by Oct. 7. Click HERE to read the full […]

    House Financial Services Committee OKs Annuity Bill

    {August 2nd, 2022} by Allison Bell

    The House Financial Services Committee has approved a bill that could lead to a big increase in the number of registered index-linked annuities on the market. Committee members approved H.R. 4865, the Registration for Index-Linked Annuities Act, on Thursday by a unanimous vote. Click HERE to read the full story via ThinkAdvisor

    The New Rollover Rule Is Here: Are You Complying?

    {August 2nd, 2022} by Thomas D. Giachetti

    The new Department of Labor rule is now in effect. Is your firm doing everything required to comply with the new retirement rollover requirements as set forth in PTE 2020-02? I recently sat down with my colleague, Joe Antonakakis, to discuss compliance with the new rule. Antonakakis explained that the rule is designed to promote investment advice that is […]

    Life’s Risks: Flying Low and Fast

    {August 2nd, 2022} by Bill White

    We are always told that life is full of risks, but the thought of my Navy F-14 Tomcat being shot down really hit home to me while flying low altitude photo reconnaissance missions over a war zone in Bosnia-Herzegovina. The risks were ever-present — starting in flight school, preparing for deployment, and then actually flying […]

    Integrity Marketing to Acquire Annuity Designer Annexus

    {August 2nd, 2022} by Allison Bell

    Integrity Marketing — a big, rapidly growing life insurance and annuity distributor — today announced a deal that could turn it into a giant life and annuity product designer. The Dallas-based company has agreed to acquire Annexus, a company best known as a company that designs annuities and permanent life insurance products for companies like […]

    Digital Life And Income Insurance (Tech) Companies Is A Growing Trend

    {August 2nd, 2022} by Ken Leibow

    We see what I like to call “digital insurance companies” and think instant issue and direct-to-consumer for low priced limited benefit products.  Click HERE to read the full story via Broker World

    Protective Life

    {August 2nd, 2022} by Broker World

    Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc., (TSE:8750) announced the launch of its Protective Aspirations variable annuity product, issued by its principal subsidiary Protective Life Insurance Company (“Protective”). “Whatever you aspire to achieve in retirement, it should be protected,” said Jim Wagner, chief distribution officer for Protective. Click HERE to […]

    Allianz Life

    {August 2nd, 2022} by Broker World

    To help clients who are looking for growth potential paired with a level of protection from market volatility, Allianz Life Insurance Company of North America (Allianz Life) has released enhancements on its Allianz Accumulation Advantage fixed index annuity (FIA). The FIA has been re-engineered to offer more competitive rates, along with the addition of the new […]

    Broker Words—August 2022

    {August 2nd, 2022} by Stephen Howard

    Sad news indeed for those of us who appreciate the brokerage business as it was in years past. An icon of those days, David Lenaberg, Ph.D., passed on April 20 in High Point, NC. Prior to his insurance career, Lenaberg earned a Ph.D. in mathematics from LSU and served as a professor there.  Click HERE […]

    Why Use An IMO?

    {August 2nd, 2022} by Charlie Gipple

    Once upon a time, the insurance companies that manufacture life, annuity, and long term care products generally owned their distribution. What that meant was the insurance agent that sold an insurance company’s products to the end-consumer was also an employee of the insurance company. For these “captive/career” companies, they were—and still are—able to provide training, […]

    AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries

    {August 2nd, 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 the property/casualty (P/C) members of Horace Mann Insurance Group (Horace Mann), and Horace Mann Life Insurance Company (Horace Mann Life). In addition, AM Best has affirmed the FSR of A (Excellent) […]

    Barron’s Names Global Atlantic Among 100 Best Annuities for Income and Growth

    {August 2nd, 2022} by Global Atlantic Financial Group

    NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group (“Global Atlantic”), a leading financial services company, today announced its inclusion in the annual Barron’s list of the Best Annuities. Annuities issued by Global Atlantic subsidiary Forethought Life Insurance Company were recognized by Barron’s in the Registered Index-Linked Annuities and Fixed-Indexed Annuities categories. ForeStructured Growth, the firm’s registered index-linked annuity (RILA), was recognized as […]

    American Equity Schedules Second Quarter 2022 Earnings Release, Conference Call and Webcast

    {August 2nd, 2022} by American Equity Investment Life Insurance Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release second quarter 2022 earnings and other financial results after the close of market on Monday, August 8, 2022. The second quarter earnings release and financial supplement will be posted on the American Equity IR website at https://ir.american-equity.com/ at that […]

    CNO Financial Group Reports Second Quarter 2022 Results

    {August 2nd, 2022} by CNO Financial Group, Inc.

    CARMEL, Ind., Aug. 1, 2022 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ended June 30, 2022, net income was $136.1 million, or $1.16 per diluted share, compared to $78.0 million, or $0.58 per diluted share, in 2Q21. Net operating income (1) in 2Q22 was $100.1 million, or $0.85 per diluted share, compared to $89.1 million, or $0.66 per diluted share, in 2Q21. “CNO posted another […]

    Liberty Bankers Insurance Group Launches Agent Portal

    {August 2nd, 2022} by Liberty Bankers Insurance Group

    DALLAS, Aug. 1, 2022 /PRNewswire/ — Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and financial products, today announced the launch of an Agent Portal for its Home Service, PreNeed, and Supplemental Health lines of business. “Combining our high-touch, personalized service with a robust online Agent Portal, the LBIG team is available for support when […]

    Kansas City Life Announces Second Quarter 2022 Results

    {August 2nd, 2022} by Kansas City Life Insurance Company

    KANSAS CITY, Mo., July 29, 2022 /PRNewswire/ — Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarter of 2022, an increase of $0.2 million or $0.02 per share relative to the second quarter of 2021.  In the first six months of 2022 we recorded a net loss of $3.2 million or $0.33 per share, compared to net income of $3.6 million or $0.37 per […]

    Northwestern Mutual Leads Industry in Forbes’ Ranking of “Top Financial Security Professionals”

    {August 2nd, 2022} by Northwestern Mutual

    MILWAUKEE, July 28, 2022 /PRNewswire/ — Northwestern Mutual advisors represent more than one quarter of the honorees on Forbes’ 2022 “Top 100 Financial Security Professionals” list, with over 270 advisors recognized as “Best-In-State Financial Security Professionals.” Northwestern Mutual’s majority representation in this year’s Forbes ranking exceeds that of its competitors and marks the highest participation rate on a single industry recognition list in company […]

    Northwestern Mutual deepens its decade-long commitment to fighting childhood cancer with $2 million donation to Alex’s Lemonade Stand Foundation

    {August 2nd, 2022} by Northwestern Mutual

    MILWAUKEE, July 27, 2022 /PRNewswire/ — Marking the 10-year anniversary of its Childhood Cancer Program, Northwestern Mutual, through its Foundation, has committed $2 million to Alex’s Lemonade Stand Foundation (ALSF) to support the organization’s Crazy 8 Initiative. As the initiative’s largest funder, Northwestern Mutual’s investment will support research for innovative and rigorous approaches that address the most intractable issues in […]

    The Majority of Americans Say Their Financial Planning Needs Improvement, But Only a Third Seek Professional Help

    {August 2nd, 2022} by Northwestern Mutual

    MILWAUKEE, July 27, 2022 /PRNewswire/ — More than six in 10 Americans (62%) say their financial planning needs improvement, yet only a third (35%) seek the help of a financial advisor according to the latest set of findings from the Northwestern Mutual 2022 Planning & Progress Study. The data also revealed a more near-term trend showing a […]

    Hybrid Work Reduced Attrition Rate by a Third, Study Shows

    {August 2nd, 2022} by Reade Pickert

    Hybrid work reduced attrition rates at a large technology firm by 35% and improved self-reported work satisfaction scores, with no negative impact on performance ratings or promotions, according to a new study co-authored by Nicholas Bloom of Stanford University. Click HERE to read the full story via Bloomberg

    Northwestern Mutual: Should Student Loan Borrowers Also Get Life Insurance?

    {August 2nd, 2022} by Northwestern Mutual

    NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) — With student loan debt in the United States currently estimated to total $1.762 trillion, the price of higher education is quickly taking its toll on many households. Borrowers may be wondering if they need to consider their student loans when purchasing life insurance coverage. The answer to this depends on what […]

    National Guardian Life Insurance Company sells Settlers Life Insurance Company

    {August 2nd, 2022} by National Guardian Life Insurance Company

    National Guardian Life Insurance Company (NGL), a Madison-based mutual life insurance company, announced the sale of Settlers Life Insurance Company, a Wisconsin domiciled insurer, to Everly Holdings, LLC, the owner of Everly, LLC, a direct-to-consumer insurance agency. Approximately 225,000 policies that are geographically disbursed throughout the United States consisting of final expense and single premium […]

    Insurance Agents Are Unknowingly Breaking DOL Rules, Attorney Says

    {July 27th, 2022} by Tracey Longo

      A number of insurance agents may be violating U.S. Department of Labor rules by accepting “conflicted compensation” from annuities sales for rollovers from retirement assets because their insurance companies haven’t educated them, according to Fred Reish, a partner in the law firm of Faegre Drinker. Click HERE to read the full story via Financial […]

    Wink’s Demo on Index Intel!

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

    Hybrid indices have been the primary source of indexed insurance companies’ product management efforts over the past few years. An insurance company has difficulty being taken seriously in their indexed offering, without one of these “uncapped” index offerings.  “Insurance companies used to be protective about the sales of volatility-controlled/proprietary/bespoke indices because they were new” states […]

    Life Insurance In Retirement: The Retirement Power Hour

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

    I had a personal experience that changed my life and motivated me to work in the life insurance industry.  Click HERE to check it out! -sjm

    UBS launches US equity-focused Climate Aware Equity Index to help investors meet environmental and financial goals

    {July 26th, 2022} by UBS

    NEW YORK–(BUSINESS WIRE)–UBS today announced the launch of the US version of the UBS Climate Aware Equity Index, which is a rules-based strategy that aims to provide investment exposure to the long-term theme of transitioning to a low carbon and climate resilient economy. he index aims to serve the increasing demand for investment and retirement products […]

    Great American Life Launches New Registered Index-Linked Annuity For Investment Advisors

    {July 26th, 2022} by Great American Life Insurance Company

    CINCINNATI–(BUSINESS WIRE)–Great American Life Insurance Company® expanded its fee-based product line with the launch of the new Index Achiever® Advisory registered index-linked annuity (RILA). Designed to complement clients’ existing portfolios and strengthen their financial plan, this product offers market-linked growth opportunity and reduced risk with several types of partial downside protection to choose from. In comparison to […]

    As the First Variable Annuity Turns 70, TIAA’s CREF Proves as Powerful as Ever

    {July 26th, 2022} by TIAA

    NEW YORK, July 20, 2022 /PRNewswire/ — The same conditions that made the TIAA CREF variable annuity so revolutionary when it was introduced in July 1952 are again demonstrating the value of the innovative solution on its 70th anniversary. Between 1940 and 1950, Americans faced skyrocketing inflation that almost halved their purchasing power. At the same time, life expectancy […]

    Allianz Life Announces Enhancements to Accumulation Advantage Annuity

    {July 26th, 2022} by Allianz Life

    MINNEAPOLIS – July 19, 2022 – To help clients who are looking for growth potential paired with a level of protection from market volatility, Allianz Life Insurance Company of North America (Allianz Life) has released enhancements on its Allianz Accumulation Advantage® fixed index annuity (FIA). The FIA has been re-engineered to offer more competitive rates, along with […]

    Oceanview Life Names James Ryan Executive Vice President of Marketing

    {July 26th, 2022} by Oceanview Life and Annuity Company

    PHOENIX–(BUSINESS WIRE)–Oceanview Life and Annuity Company (“Oceanview Life”), an insurance company, today announced that James Ryan has been appointed Executive Vice President of Marketing, effective July 11, 2022. Mr. Ryan will be responsible for Oceanview’s marketing function while also playing a key role in business development and relationship management activities. He will be based in […]

    Account Value Drop Cools Annuity Exchanges: Nationwide’s Eric Henderson

    {July 26th, 2022} by Allison Bell

    Falling stock prices can hurt efforts to help variable annuity owners take advantage of improving product guarantees. Eric Henderson, president of Nationwide Annuity at Nationwide Financial, talked about that challenge Friday, in an interview. Click HERE to read the full story via ThinkAdvisor

    Fee-Based Advisors Feel More Successful: American College

    {July 26th, 2022} by Allison Bell

    Fee revenue tends to make U.S. financial advisors and life insurance agents feel as if they’re getting somewhere. Researchers at the Center for Women in Financial Services, an arm of the American College of Financial Services, gathered data on the mood-enhancing properties of fee revenue when they conducted a survey of about 800 U.S. advisors […]

    Post-Pandemic Life and Your Clients’ Life Insurance Needs

    {July 26th, 2022} by Wade Deward

    I know I am not alone in thinking that since the start of the pandemic, time has lost all meaning. What used to feel like an hour now sometimes feels like a day, and what used to take a month now happens in a minute. However, like many others, I’ve come to realize that what […]

    House Again Asks SEC for an Index-Linked Annuity Filing Form

    {July 26th, 2022} by Allison Bell

    The House Appropriations Committee is still trying to persuade the Securities and Exchange Commission to make things easier for issuers of registered index-linked annuities. The committee has added a provision asking the SEC to create a filing form just for RILA issuers in a comment on its SEC funding recommendations for federal fiscal 2023. Click […]

    Global Atlantic’s First Structured Annuity Has a Moving Floor

    {July 26th, 2022} by Cyril Tuohy

    Global Atlantic Financial Group has jumped into the market for structured annuities with a product that has a dynamic, moving “floor” to protect against losses. Click HERE to read the full story via Life Annuity Specialist     “I can’t think of anyone that currently does the same as this,” said Peter Lamond, variable annuity product director […]

    5 Biggest Life Markets in the World, Now

    {July 26th, 2022} by Allison Bell

    The United States still has the biggest life insurance and annuity market in the world, and, in 2021, it was one of the faster-growing large markets. The Swiss Re Institute, a research arm of Swiss Re, has posted country-by-country premium data, expressed both in U.S. dollars and in local currencies, in its latest world insurance report. Click HERE […]

    After a blistering 2022 in life/annuity sales, expect a cooler 2023, S&P says

    {July 26th, 2022} by Steven A. Morelli

    The life insurance and annuity industry were definite winners in the pandemic with their highest growth in premium in a decade, but that momentum might slow into the four years, according to the latest market report from S&P Global. Even before the Federal Reserve started raising interest rates, the industry was benefiting from conditions around […]

    The Most Worry in Years: Americans Are Increasingly Anxious About a Recession As Inflation Cuts into Spending Power

    {July 26th, 2022} by Allianz Life

    Allianz Life study finds majority of Americans say their income is not keeping up with rising expenses Key findings: 66% worry that a major recession is right around the corner, up from 48% at this time last year 82% say they worry about rising inflation continuing to have a negative impact on the purchasing power […]

    Tontines Are Alive, and They Could Compete With Annuities in the U.S.

    {July 26th, 2022} by Allison Bell

    Some retirement policy specialists want to create a new U.S. personal pension program based on tontines. Financial professionals who paid attention to the history lessons in their early licensing exam courses may have vague memories of tontines being a problem that U.S. life insurers outgrew. Click HERE to read the full story via ThinkAdvisor

    The Standard Recognized as a Best Place to Work for Disability Inclusion

    {July 26th, 2022} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (The Standard) scored 100% on the Disability Equality Index and was named a “Best Place to Work for Disability Inclusion” by the American Association of People with Disabilities, the nation’s largest disability rights organization, and Disability:IN, the global business disability inclusion network. “We’re thrilled to be included on the 2022 Disability Equality Index […]

    New Study: More Than Two-Thirds of Americans Don’t Know that Social Security is Protected Against Inflation

    {July 26th, 2022} by Nationwide

    COLUMBUS, Ohio, July 19, 2022 /PRNewswire/ — Continued financial repercussions from the pandemic, new concerns over market volatility and high inflation are leading two-thirds of Americans (66%) to worry more now than they did before about their retirement income, according to the Nationwide Retirement Institute‘s ninth annual Social Security Consumer Survey. That’s a 10 percentage-point spike from 2021. […]

    Wade Pfau Takes a Balanced Look at a Retirement Product Some Advisors Love to Hate

    {July 26th, 2022} by Ed McCarthy

    Variable annuities are big business. According to LIMRA, total variable annuity sales were $32.3 billion in the fourth quarter of 2021, an increase of 17% from the prior year. For the full year 2021, total sales were $125.6 billion, 27% higher than the prior year. But if you want to start a debate among financial […]

    Northwestern Mutual Earns Perfect Score in Leading National Index for Disability Inclusion

    {July 26th, 2022} by Northwestern Mutual

    MILWAUKEE, July 20, 2022 /PRNewswire/ — Northwestern Mutual announced today that the company earned its fourth consecutive perfect score on the Disability Equality Index (DEI) – one of the most trusted and comprehensive national benchmarks for measuring disability inclusion in the workplace. “Northwestern Mutual continues to take meaningful steps to strengthen its culture of inclusivity – one […]

    Fidelity National Financial Announces Second Quarter 2022 Earnings Release and Conference Call

    {July 26th, 2022} by Fidelity National Financial, Inc.

    JACKSONVILLE, Fla., July 19, 2022 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE: FNF) (the “Company”), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through FNF’s wholly-owned subsidiary, F&G, will release second quarter 2022 earnings […]

    Most Gen Zers Prefer Financial Advice from TikTok, YouTube

    {July 26th, 2022} by Alex Padalka

    Financial advisors are competing with video social media platforms to provide financial advice to Gen Z investors — and losing, according to a recent survey. Just 24% of Gen Z consumers rely on a financial advisor for financial advice, marketing company Vericast says it found in a survey of 1,000 adults in the U.S. Click HERE to […]

    The 60/40 Strategy Will Make a Comeback: Morgan Stanley

    {July 26th, 2022} by Tassia Sipahutar

    The classic 60/40 portfolio, where investments are split 60% in stocks and 40% in bonds, is merely resting and isn’t dead, Morgan Stanley’s chief cross-asset strategist said, after the strategy had its deepest first-half dive since 1988. The approach offers higher estimated long-term returns in the U.S. and Europe over the next decade than at […]

    Patrick Bet-David and PHP Agency Join Integrity to Accelerate Growth and Serve More People

    {July 26th, 2022} by Integrity Marketing Group

    DALLAS, July 20, 2022 (GLOBE NEWSWIRE) — Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire PHP Agency, an industry-leading field marketing organization (“FMO”) based in Addison, Texas. As part of the acquisition, […]

    Equitable told teachers their variable annuity fees were $0.00, SEC says

    {July 26th, 2022} by Tobias Salinger

    Equitable Financial Life Insurance agreed on July 18 to pay $50 million to settle SEC fraud charges alleging that it sent “materially misleading” account statements to 1.4 million annuity holders over the past six years. Equitable, a target of critics who assert the company is predatory toward teachers, a core market for the annuities industry, left out […]

    Brad Rhodes: Some reasons why women should consider annuities for retirement

    {July 26th, 2022} by Salisbury Post (NC)

    Below are some reasons why women should consider using annuities to create more prosperous, less stressful retirements. If you’re a woman in or near retirement, let me ask you this: “How do you plan to take what you’ve so diligently saved and turn it into a lifetime stream of dependable, predictable, tax-advantaged income?” Click HERE […]

    William Lako : With high inflation and volatility, do annuities make sense?

    {July 26th, 2022} by Marietta Daily Journal (GA)

    Rising interest rates, high inflation, and a declining stock market can push many investors to question their investment selection, especially those looking at retirement in a few short years. As such, the Secure Retirement Institute reported total U.S. annuity sales are at their highest since 2008. Does it make sense to purchase annuities in times of volatility and uncertainty? […]

    4 Financial Steps to Care for Your Child with Special Needs

    {July 26th, 2022} by Josh Monroe

    Article excerpt: Once the special needs trust is created, it needs to be funded with enough assets to provide for your child for the rest of their life. If you do not have enough savings and other assets, life insurance can be an excellent tool and is used by many parents to create instant liquidity […]

    Economic Headwinds Are Eroding American Retirement Confidence

    {July 26th, 2022} by FA Staff

    A series of bad headlines could be taking its toll on retirement savers. For the first time in several years, retirement confidence fell in BlackRock’s “Read on Retirement” survey. After peaking at 68% last year, the number of respondents saying they are on track for retirement declined to 63% in this year’s survey. A total […]

    How Advisors Can Better Help Managing Decumulation

    {July 26th, 2022} by Lauren Drapeau

    Prudent investors typically spend decades building wealth for retirement. With the help of their financial advisor, they create and update a financial plan and develop a portfolio of investments to accumulate the wealth they will use to fund their post-working years. One day, they finally reach retirement.  Click HERE to read the full story via […]

    Equitable to Pay $50M for Misleading Teachers on Annuity Fees

    {July 19th, 2022} by Melanie Waddell

    The Securities and Exchange Commission announced fraud charges late Monday against Equitable Financial Life Insurance Co. for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor fees. Equitable agreed to pay $50 million to harmed investors, most of whom are public school teachers and staff […]

    The Evolution of the Index with Sheryl Moore

    {July 19th, 2022} by John Hilton

    An explosion in the growth of proprietary indices and indexed products continues. But regulators are circling. What will the next generation of indexed products look like? Indexed products are popular, offering apparent upside and little downside. But regulators are wary. The growth of proprietary indices has critics claiming consumers are confused and misled by rosy […]

    NAIC subgroup tees up another crackdown on IUL illustrations

    {July 19th, 2022} by John Hilton

    After a five-month hiatus, a state regulator group met today to again consider tightening Actuarial Guideline 49A to rein in life insurance illustrations. The Indexed Universal Life Illustration Supgroup held a short call to restart its discussion on the problematic IUL illustrations. Adopted in 2015, AG 49 failed to bring IUL illustrations in line, so […]

    It’s chock-full of good articles!

    {July 19th, 2022} by Sheryl J. Moore

    Just getting caught-up on my reading, and Steve Howard‘s Broker World is chock-full of good articles this month. Luke Cosme made a great point that all viable solutions need to be considered, when it comes to life insurance products. Don Levin reminded me of the power of the hand-written note in his contribution. Charlie Gipple, CFP®, CLU®, ChFC® had a piece […]

    Global Atlantic announces new registered index-linked annuity to help retirees balance growth potential and risk management

    {July 19th, 2022} by Global Atlantic Financial Group

    NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group (Global Atlantic), a leading financial services company, announced the launch of ForeStructured Growth, the first registered index-linked annuity (RILA) to be issued by a company subsidiary. The annuity provides retirees with meaningful growth potential alongside interest crediting strategies designed to limit the risk of performance losses. Interest crediting options include […]

    Protective Launches Protective® Aspirations Variable Annuity Product

    {July 19th, 2022} by Protective Life Corporation

    BIRMINGHAM, Ala.–(BUSINESS WIRE)–Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc. (TSE:8750) today announced the launch of its Protective® Aspirations Variable Annuity product, issued by its principal subsidiary Protective Life Insurance Company (“Protective”). According to a 2022 consumer survey,1 the most important service consumers of all ages seek from a financial professional is “understand how […]

    Symetra Enhances Registered Index-Linked Annuities Suite

    {July 19th, 2022} by Symetra

    BELLEVUE, Wash.–(BUSINESS WIRE)–Amidst ongoing market volatility, Symetra Life Insurance Company today announced new enhancements to its suite of registered index-linked annuities (RILAs), including new indexed account choices for Symetra Trek® Plus, and a new Auto Return Lock feature available for all RILAs. Symetra Trek® Plus new indexed account options—Symetra added five new optional indexed account choices with a 10% […]

    Penn Mutual introduces new Accumulation Indexed Universal Life

    {July 19th, 2022} by The Penn Mutual LIfe Insurance Company

    HORSHAM, Pa., July 6, 2022 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Accumulation Indexed Universal Life (AIUL), a permanent life insurance product providing protection and cash accumulation potential backed by more than 175 years of financial strength. “AIUL offers clients strong upside accumulation potential with downside protection […]

    Finseca and NAIFA work together to address unnecessary burdens placed on the professionals dedicated to providing financial security for millions of Americans

    {July 19th, 2022} by Finseca and NAIFA

      WASHINGTON, D.C. (July 15, 2022) –  The following joint statement from Finseca and NAIFA was issued today regarding the National Conference of Insurance Legislators’ (NCOIL) advancement of a resolution regarding Recruitment, Retention, and Diversity within the Life Insurance Agent Profession. “Helping more Americans achieve financial security starts with a financial plan and having access to a financial security […]

    Some State Lawmakers Troubled by Private Equity’s Growing Life & Annuity Stake

    {July 19th, 2022} by Allison Bell

    State lawmakers are wondering what they should think about the growing role of private equity fund owners in the life insurance and annuity sector. Members of the National Council of Insurance Legislators, a group for state lawmakers with an interest in insurance, recently held a well-attended session on the private equity ownership issues today, at […]

    Central banks to continue with interest rate hikes

    {July 19th, 2022} by INN Insider Pro

    Series of large interest rate hikes by the Federal Reserve put pressure on central banks around the world to follow suit and counter rising inflation and a strong dollar. An analysis by the Financial Times reveals that central banks are now opting, more than at any time this century, for large rate hikes of 50 […]

    Life insurers see increased variable universal life sales compared to universal life and indexed universal life products, according to annual Milliman survey

    {July 19th, 2022} by Milliman, Inc.

    SEATTLE , July 14, 2022 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 15th annual Milliman study of universal life (UL), indexed universal life (IUL), and variable universal life (VUL) issues. The study is based on a survey of 27 UL/IUL/VUL companies and focuses on current topics that impact these […]

    Can a Registered Index-Linked Annuity Protect Your Clients in a Down Market?

    {July 19th, 2022} by Robert Bloink and William H. Byrnes

    With interest rates rising and the stock market showing no signs of a rebound, many clients may be considering whether now might be the right time to lock some of their funds into an annuity product. Registered index-linked annuities (also known as “RILAs,” index-linked annuities or buffer annuities) have surged in popularity in recent years. For […]

    Q2 Life, Health and Annuity Earnings Calendar: A Return to Volatility

    {July 19th, 2022} by Allison Bell

    Publicly traded life, health and annuity issuers are about to tell investors what rising interest rates, inflation and geopolitical uncertainty did to their earnings in the quarter that ended June 30. Issuers could also face questions about the recent increase in COVID-19 hospitalization counts. Click HERE to read the full story via ThinkAdvisor

    ‘Great Resignation,’ Covid-19 forcing employers to sweeten benefits

    {July 19th, 2022} by Gregg Greenberg

    Employers seeking to hold onto their top talent had better boost their benefits offerings — and not necessarily the financial ones. Click HERE to read the full story via InvestmentNews

    State Lawmakers Question Insurer Life Policy Buyout Offers

    {July 19th, 2022} by Allison Bell

    Some U.S. life insurers have tried to shed life insurance policy guarantee risk by using temporary cash incentives to persuade the holders to surrender their policies. A group for state insurance lawmakers said Saturday that state insurance regulators should try to block insurers’ efforts to make temporary life insurance policy buyout offers. Click HERE To […]

    Annuities Are Still Too Complicated: Robert Powell

    {July 19th, 2022} by Allison Bell

    Robert Powell helps the annuity writers talk to the annuity distributors. Powell is vice president of wealth management sales at iPipeline, a financial services distribution technology company based in Exton, Pennsylvania. The teams he leads support wealth management and insurance distributors. Click HERE to read the full story via ThinkAdvisor

    USAA Customers Have a Strong Grip on Their Life Policies: Researchers

    {July 19th, 2022} by Allison Bell

    USAA — a policyholder-owned insurer that has historically focused on serving military veterans and their relatives — may be the big U.S. life insurer with the lowest policy lapse rate. A team of researchers led by Ralph S.J. Koijen has presented data supporting that conclusion in a new analysis of how economic slumps affect which […]

    Clients’ Universal Life Policies Might Contain a Retirement Planning Boost

    {July 19th, 2022} by Allison Bell

    Many clients who come in with newly purchased individual life insurance policies may have something extra in their portfolios: long-term care benefits. Two actuaries at Milliman — Carl Friedrich and Michelle Krysiak — have included a section on long-term care riders in a new report on sales of U.S. individual universal life, indexed universal life […]

    Integrity Announces Innovative Industry Trailblazer Bryan Hunsaker as President, Integrity Contact Centers

    {July 19th, 2022} by Integrity Marketing Group

    DALLAS – JULY 14, 2022 – Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced Bryan Hunsaker will become President, Integrity Contact Centers. Hunsaker will oversee Integrity’s expansive contact center and telephonic agent efforts. He will also work closely with other members of Integrity’s […]

    Annuities Industry Among Beneficiaries Of Surging Interest Rates

    {July 19th, 2022} by Edward Hayes

    While there is mixed reaction to the Federal Reserve’s decision to raise interest rates by a record-breaking 75 basis points, the annuity industry is benefiting, and those that offer the products are making sure clients know about them. Annuities are investments commonly associated with their monthly payouts. Many use these investment vehicles as a regular […]

    Economic Outlook Suddenly Not So Dire

    {July 19th, 2022} by Rich Blake

    It’s the dead of summer, but for advisors and investors there’s a hint of spring-like hope in the air, sort of. For starters, as Dealbreaker pointed out, how much worse can it get?  In other words, just because the stock market endured its worst first-half since 1970, with the S&P 500 losing 21% since its January peak, […]

    E*TRADE from Morgan Stanley Study Reveals Education Costs Are a Leading Reason Young Investors Dip Into Retirement Savings

    {July 19th, 2022} by E Trade

    ARLINGTON, Va.–(BUSINESS WIRE)–E*TRADE from Morgan Stanley today announced results from the most recent wave of StreetWise, its quarterly tracking study of experienced investors. As graduation season comes to a close, results show the impact education costs have on investors just embarking on their investment journeys: Young investors are withdrawing early to pay for education. Of the nearly […]

    Northwestern Mutual Expands Business Accelerator for Black Entrepreneurs to Include Five Promising Tech Startups

    {July 19th, 2022} by Northwestern Mutual

    Program provides each startup with $100,000 and access to training and resources MILWAUKEE, July 13, 2022 /PRNewswire/ — Northwestern Mutual, in partnership with gener8tor, today announced the addition of five tech startups to its Black Founder Accelerator program – an initiative the company launched this past year to provide targeted resources and financing to promising Black entrepreneurs nationwide. “This next […]

    Inflation, Recession and Healthcare Costs Continue to Keep Americans Age 50+ Up at Night When It Comes to Their Retirement, New F&G Survey Finds

    {July 19th, 2022} by Fidelity & Guaranty Life

    DES MOINES, Iowa, July 12, 2022 /PRNewswire/ — Four out of five Americans age 50+1 (80%) say they are worried about inflation in retirement, according to a new survey from F&G, a leading provider of insurance solutions serving retail annuity and life customers and institutional clients. This feeling is even more acute among pre-retirees (84%) vs. 76% of […]

    Simplicity Acquires Chesapeake Brokerage Becoming the 40th Business to Join the Fast-Growing Group

    {July 19th, 2022} by Simplicity Group

    SUMMIT, N.J., July 12, 2022 /PRNewswire/ — Simplicity Group (“Simplicity”) today announced the acquisition of Chesapeake Brokerage (“Chesapeake”), a Delaware-based firm specializing in the distribution of life, LTC and annuity products to independent agents and advisors. With this new partnership, Simplicity welcomes Jeff Levy and Marge Levy as Partners, both of whom will continue to manage the day-to-day business operations of Chesapeake, while transitioning […]

    Simplicity Completes its 41st Acquisition, Welcoming Life Policy Pros to the Group and Founder Michael Kelly as Partner

    {July 19th, 2022} by Simplicity Group

    SUMMIT, N.J., July 14, 2022 /PRNewswire/ — Simplicity Group (“Simplicity”) today announced the acquisition of Life Policy Pros, Inc. (“Life Policy Pros”), a NJ-based firm specializing in the distribution of life insurance to independent financial advisors and insurance agents. With this new partnership, Simplicity welcomes founder Michael Kelly as the group’s newest partner. “Mike Kelly has tremendous experience in the […]

    Ty J. Young Wealth Management Acquires Annuity Pros, LLC

    {July 19th, 2022} by Ty J. Young Wealth Management

    ATLANTA, July 14, 2022 /PRNewswire/ — Ty J. Young Wealth Management, one of Atlanta’s largest financial advisory practices, has announced it has acquired Annuity Pros, LLC. The acquisition of the Gulf Breeze, FL based financial services firm marks Ty J. Young’s 22nd acquisition in the past four years as part of its rapid nationwide expansion. “It’s our honor to have the opportunity to serve […]

    Brighthouse Financial Announces Conference Call to Discuss Second Quarter 2022 Results

    {July 19th, 2022} by Brighthouse Financial, Inc

      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 second quarter ended June 30, 2022, at 8:00 a.m. Eastern Time on Friday, August 5, 2022. The call will follow the issuance of the Brighthouse […]

    More Than Half of Black Employees Say the Pandemic Caused Them to Re-Evaluate What Matters Most Financially

    {July 19th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–The pandemic’s onset in the U.S. has surpassed the two-year mark and the crisis has had long-term effects on financial attitudes and behaviors across various demographics—including a few silver linings. According to Lincoln Financial Group’s (NYSE: LNC) 2021 Retirement Power® study, Black employees are more likely than the total population to report the pandemic […]

    MassMutual Releases Inaugural Sustainability Report

    {July 19th, 2022} by MassMutual

    SPRINGFIELD, Mass., and BOSTON–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company (MassMutual) today released its 2021 Sustainability Report, highlighting the company’s long-standing commitment and progress across key environmental, social, and governance (ESG) topics. The inaugural report emphasizes that sustainability is integral to how MassMutual delivers value and stability for its stakeholders, and details the company’s efforts to advance diversity, […]

    Horace Mann announces second-quarter results were affected by higher-than-historical average catastrophe activity and equity market declines

    {July 19th, 2022} by Horace Mann Educators Corporation

    SPRINGFIELD, Ill.–(BUSINESS WIRE)–Horace Mann Educators Corporation (NYSE:HMN) today announced it experienced second-quarter catastrophe losses well above the company’s 10-year historical average. In addition, the significant equity market declines during the quarter resulted in unfavorable DAC unlocking. “The confluence of external events that is temporarily impacting our financial performance does not detract from our unwavering commitment […]

    Global Atlantic subsidiary named to Ward’s 50 top life and health insurers for thirteenth consecutive year

    {July 19th, 2022} by Global Atlantic Financial Group

    NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group, a leading financial services company, today announced that its subsidiary, Forethought Life Insurance Company, has been named a Ward’s 50® top life and health insurance company for the thirteenth consecutive year. Forethought Life Insurance Company is the primary issuer of annuities and preneed life insurance products for Global Atlantic. No other […]

    Pacific Life Updates Underwriting Guidelines to Expand Life Insurance Options to Individuals Living With HIV

    {July 19th, 2022} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life has expanded its offering of life insurance coverage to eligible individuals living with human immunodeficiency virus (HIV). “In keeping with our progressive approach to underwriting, we are leveraging the latest medical advancements in therapeutics for HIV in order to offer coverage to individuals living with this chronic condition,” said Dawn […]

    Protective Life Corporation Names Kathryn Cox Senior Vice President and President of Protection Division

    {July 19th, 2022} by Protective Life Corporation

    BIRMINGHAM, Ala.–(BUSINESS WIRE)–Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced that Kathryn Cox has joined the company as senior vice president and will serve as president of the company’s Protection Division, effective July 12, 2022. In her role, Cox will lead sales, new business operations, product development and underwriting […]

    AM Best Affirms Credit Ratings of Guardian Life Insurance Company of America and Its Subsidiaries

    {July 19th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Guardian Life Insurance Company of America (Guardian Life) (New York, NY) and its core subsidiaries, Guardian Insurance & Annuity Company, Inc. (Wilmington, DE) and Berkshire Life Insurance Company of America (Pittsfield, […]

    AM Best Affirms Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries

    {July 19th, 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 Commonwealth Annuity and Life Insurance Company (Brighton, MA), First Allmerica Financial Life Insurance Company (Brighton, MA), Forethought Life Insurance Company (Indianapolis, IN), Accordia Life and Annuity Company (Des Moines, IA), […]

    Pacific Life Recognizes Wholesalers for Contributions to the Industry

    {July 19th, 2022} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life is a platinum corporate sponsor of the Association for Wholesaling Diversity (AWD) and continues to invest in efforts that increase diversity, equity, and inclusion in the financial industry. Sponsoring AWD is especially important for Pacific Life as it employs a large wholesaling team, and AWD is dedicated to the ongoing […]

    Pacific Life Responds to Need for More Flexibility and Market Protection with New Annuity Offerings

    {July 19th, 2022} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life has launched Pacific Choice® 2, a new variable annuity, along with a new optional living benefit—Investment Guard. Pacific Choice 2 is an enhanced version of Pacific Life’s flagship variable annuity—Pacific Choice®—which has been available to consumers for nearly a decade. Pacific Choice 2 was designed to be more flexible and […]

    Reg BI Makes FINRA’s Top Customer Arb List, a First

    {July 19th, 2022} by Melanie Waddell

    Arbitration cases related to the Securities and Exchange Commission’s Regulation Best Interest have, for the first year, made the Financial Industry Regulatory Authority’s top dispute resolution list. Through May 2022, breach of Reg BI comes in at No. 14 on FINRA’s most recent dispute resolution statistics under the category Top 15 Controversy Types in Customer Arbitrations. Click HERE […]

    A Top LPL Advisor and Advocate Talks Secure Act 2.0, DOL Fiduciary Rule

    {July 19th, 2022} by Jane Wollman Rusoff

    The Department of Labor’s Obama-era fiduciary rule is dead — but not forgotten. LPL Financial’s Government Relations Council chair, Judy VanArsdale, meets regularly with congresspeople and senators in Washington to talk about legislation that could affect clients and the industry, and the short-lived rule still comes up. Click HERE to read the full story via […]

    currency