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  • Ken Dychtwald: Pandemic Will Force Big Changes in Retirement Planning

    {May 13th, 2020} by Jane Wollman Rusoff

    The coronavirus pandemic is a shocking “intervention” whose biggest impact will show up in retirement planning: The crisis has forced older people to consider the importance of matching health span to life span and think about aspiring to a more streamlined lifestyle, argues Ken Dychtwald, founder and CEO of Age Wave. The “Pitchman for the […]

    Selling Annuities Through Exchange Is Just the Start: Envestnet CEO

    {May 13th, 2020} by Allison Bell

    Envestnet Inc. is optimistic about the insurance exchange the company helped start back in June, Bill Crager told securities analysts last week. The Chicago-based financial technology company said nothing about the Envestnet Insurance Exchange program in its earnings release for the first quarter. Crager, Envestnet’s chief executive officer, suggested, during a conference call the company held to […]

    DPL Teams With Transamerica; Adds Low-cost Variable Annuity With Several Living Benefit Options

    {May 13th, 2020} by DPL Financial Partners

    LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners (“DPL”), the leading insurance network for registered investment advisors (“RIAs”), today announced an agreement with Transamerica to offer the insurer’s I-Share variable annuity to DPL’s 800 RIA member firms. The annuity features subaccount options from leading investment managers in equity, fixed-income and alternatives, along with several living benefits expected to […]

    The Evolution of Traditional Field Marketing Organizations

    {May 13th, 2020} by Sherri Du Mond

    Field marketing organizations (FMOs), also known as independent marketing organizations (IMOs), have always played an essential role with independent financial professionals by helping them build and grow their practices, acting as the expert intermediary between financial professionals and carriers. Traditionally, FMOs have been seen as a place for independent financial professionals to sell fixed and […]

    Derivatives Buoy Brighthouse Net Income: Earnings

    {May 13th, 2020} by Allison Bell

    For Brighthouse Financial Inc., marking the value of derivatives to market produced good results for the first quarter. The Charlotte, North Carolina-based life insurer is reporting $5 billion in net income for the first quarter on $9 billion in revenue, up from a $737 million net loss on $691 million in revenue for the first quarter […]

    Equitable Adds a Loss Reverser Annuity Feature: Annuity Market Update

    {May 13th, 2020} by Allison Bell

    Equitable has added a variable indexed annuity feature that may help the purchaser convert a stock market drop into a crediting rate gain. Equitable is offering the new Dual Direction feature along with the Structured Capital Strategies Plus buffered annuities. An annuity owner can use the feature together with a crediting rate option linked to the […]

    5 Questions About Annuity Issuers’ New Friend

    {May 13th, 2020} by Allison Bell

    The Federal Reserve Bank of New York is starting to try to keep the U.S. corporate bond market moving, by buying high-grade corporate bonds that are already on the market when no one else will buy the bonds. The bank said Monday that it has put $37.5 billion into “special purpose vehicle,” or investment fund, […]

    Prudential Shifts Focus to Variable Life and Buffered Annuities

    {May 13th, 2020} by Allison Bell

    Prudential Financial Inc. is strong, but it’s still going to take steps to  make its U.S. life and annuity products more resistant to COVID-19 pandemic turmoil. Executives from the Newark, New Jersey-based company talked about that shift today, during a conference call the company held to go over first-quarter earnings with securities analysts. Charles Lowrey, the […]

    Why “Overfund” A Life Insurance Policy (Part Two)

    {May 13th, 2020} by Charlie Gipple

    Recap: In last month’s column I discussed the two opposite ends of the spectrum when it comes to funding a life insurance policy, specifically indexed universal life insurance. Those opposite ends are, the death benefit focused side and the cash accumulation side. I also discussed how “overfunding/max funding” works from a mechanical standpoint in reducing COI […]

    Variable annuities

    {May 13th, 2020} by Keith Singer

    One of the knocks on variable annuities has been the relatively high fees associated with them. Although in many cases they may provide attractive death benefits or guaranteed lifetime income, between rider fees, management fees and mortality and expense charges, the total cost often amounts to 3% to 4% annually. In an effort to create […]

    Money Wisdom: Why Do People Have Annuities?

    {May 13th, 2020} by Christina Alexander

    NEW HAVEN, Conn. (WTNH) —CT Style Reporter Lisa Carberg, welcomes “Money Wisdom” sponsored by Johnson Brunetti. We’re educating you about smart ways to manage your money. Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner. Today we’re talking “Annuities” and, why people have annuities. Some annuities are expensive Many financial advisors don’t understand Annuities can protect […]

    This Or That? Comparing Payout Rates Of A Fixed Annuity Vs. Investment Portfolio Distributions

    {May 13th, 2020} by Wade Pfau

    Retirement spending goals are often expressed in terms of inflation-adjusted spending numbers. This is what the 4 percent rule-of-thumb assumes. But as we move the discussion toward annuities, many annuities will protect a fixed amount of spending without inflation adjustments. It is not appropriate to compare the payout rate for a fixed annuity payment to […]

    Helping Your Clients Meet Retirement Income Needs

    {May 13th, 2020} by Kate Stalter

    The market downturn is focusing investors’ attention on the safety of future income streams, particularly those earmarked for retirement. Click HERE to read the full story via U.S. News   Sheryl Moore, CEO of Moore Market Intelligence in Des Moines, Iowa, says many consumers are unfamiliar with annuities. “Most people have never heard of an annuity. […]

    Life Is Uncertain. Whole Life Is Guaranteed.

    {May 13th, 2020} by Luke Cosme

    Surreal. Like a movie. Like a dream. Eerie. Scary. It is a good bet that each of us has used one or all of those to describe the situation that we find ourselves in today. We have dealt with crises before, but this time not only feels different, it is different. During the financial crisis, […]

    AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

    {May 13th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of National Life Insurance Company (NLIC) (Montpelier, VT) and its wholly owned subsidiary, Life Insurance Company of the Southwest (Addison, TX). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of “a-” on the […]

    Broker Words—May 2020

    {May 13th, 2020} by Stephen Howard

    I guiltily confess that my freezer has two cartons of, albeit modestly-priced, ice cream—one vanilla and one chocolate. Mainly because my wife is kind enough to periodically bake me brownies during this social distancing/safer at home situation. I’m powerless against a brownie in a bowl…a few seconds in the microwave…and then buried in vanilla. So […]

    Equisoft’s Accelerate Series connects life insurance and wealth executives with industry thought leaders to fast-forward their digital transformation in the new normal

    {May 12th, 2020} by Equisoft

    Tailored to life insurance and wealth management business and technology executives, this complimentary series of nine global webinars will offer expert knowledge and guidance on how to accelerate the digitalization process in a risk- and cost-constrained environment. PHILADELPHIA, May 7, 2020 /PRNewswire/ – Global digital solutions provider Equisoft today announced that they will host a complimentary […]

    The Future Of Insurance – Post COVID 19

    {May 12th, 2020} by Denise Garth

    April 30, 2020 — As we entered this new decade at the start of 2020, industry assessments reflected a positive outlook with increased growth potential expected, despite the low interest rate environment that historically has challenged insurers. What a difference in just a short 6 weeks on the outlook for the insurance industry as a […]

    Transamerica VA targets fee-based advisers

    {May 6th, 2020} by Emile Hallez

    Transamerica rolled out a low-cost variable annuity Monday that’s designed for fee-based advisers. Click HERE to read the full story via InvestmentNews   ………………………………………………………. The announcement from Transamerica “is intriguing,” Sheryl Moore, head of Moore Market Intelligence, said in an email. “It almost looks like they are going to have an internal sales team, within their home […]

    Annuities Should Be Part Of The Conversation

    {May 6th, 2020} by Arthur D. Kraus

    To The Editor: Your March 2020 cover story, “How Advisors Generate Income for Clients,” was very surprising and somewhat upsetting to me. I want to share my experience with you and see if there is some agreement. I came into the financial services business in June 1960 as a life and health insurance agent for […]

    Underwriting Among Early Effects Of COVID-19 On Life Insurance

    {May 6th, 2020} by Susan Rupe

    COVID-19 has had the biggest short-term effect on life insurance in two ways: Insurers extending grace periods for paying premiums. Placing a greater emphasis on accelerated underwriting. Those were among the insights from Nancy Bennett, senior life fellow with the American Academy of Actuaries. Bennett was among the presenters at a recent webinar describing how COVID-19 will […]

    NAIC Expected To Defer Mortality Data Collection To 2021

    {May 6th, 2020} by John Hilton

    The National Association of Insurance Commissioners is expected to delay collection of key insurer mortality data until 2021. Due to the ongoing COVID-19 pandemic disruption, submitting the mortality data is not feasible this year, the association announced Wednesday. The data “remains a high priority regulatory issue for the NAIC, and the proposed one-year delay in […]

    State Regulators Back At Work Reforming IUL Illustration Rules

    {May 6th, 2020} by John Hilton

    State insurance regulators might be preoccupied with the COVID-19 pandemic, but efforts to tighten up regulation of indexed universal life illustrations is ongoing. A comment period closed Thursday on draft changes to Actuarial Guideline 49 proposed by the American Council for Life Insurers. The Life Actuarial Task Force is scheduled to discuss the draft and […]

    Kansas City Life Announces First Quarter 2020 Results

    {May 6th, 2020} by Kansas City Life Insurance Company

    KANSAS CITY, Mo., May 4, 2020 /PRNewswire/ — Kansas City Life Insurance Company recorded net income of $0.2 million or $0.02 per share in the first quarter of 2020, a decrease of $3.9 million or $0.40 per share relative to the first quarter of 2019.  The decline in net income in 2020 was primarily due to the COVID-19 pandemic that has dramatically impacted both financial […]

    Nationwide announces permanent shift in workplace, work-from-home strategy

    {May 6th, 2020} by Nationwide

    COLUMBUS, Ohio, April 29, 2020 /PRNewswire/ — Nationwide announced today a plan to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other locations. “We’ve been investing in our technological capabilities for years, and those investments really paid off when we needed to transition quickly to […]

    Conning: Life-Annuity and Health M&A Continued as Insurers Looked for Growth in 2019; Muted Growth in 2020 Projected

    {May 6th, 2020} by Conning

    HARTFORD, Conn., May 5, 2020 /PRNewswire/ — In 2019, M&A activity involving acquisitions of life-annuity and health insurers in 2019 were slightly higher than in 2018, driven by broad economic, regulatory, competitive, technological, and demographic trends. “Slightly favorable economic conditions were the primary drivers of insurance M&A in 2019,” said Scott Hawkins, a Director, Insurance Research at Conning. “Low […]

    CNO Financial Group Reports First Quarter 2020 Results

    {May 6th, 2020} by CNO Financial Group, Inc.

    CARMEL, Ind., May 5, 2020 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) today announced first quarter 2020 results. Financial market volatility in March 2020 resulted in a net loss of $21.2 million, or $.15 per diluted share in 1Q20, compared to net income of $51.8 million, or $0.32 per diluted share in 1Q19.  Our 1Q20 net operating income (1) was $84.3 million, or $.58 per diluted share, compared […]

    Genworth Financial Announces First Quarter 2020 Results

    {May 6th, 2020} by Genworth Financial

    RICHMOND, Va., May 5, 2020 /PRNewswire/ — Reapprovals Received From New York Department Of Financial Services (NYDFS) And Virginia Bureau Of Insurance For Pending Merger With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Merger Agreement Extended To Not Later Than June 30, 2020 U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $148 Million, 19 Percent Above Prior Year U.S. […]

    Ohio National Introduces New Fixed Indexed Annuity

    {May 6th, 2020} by Ohio National Financial Services

    CINCINNATI, May 04, 2020 (GLOBE NEWSWIRE) — Ohio National Financial Services is pleased to announce it has launched the ONdex annuity, a new single premium fixed indexed annuity designed to help customers reach their long-term retirement goals. The ONdex annuity provides customers with the opportunity to accumulate assets by earning tax-deferred interest based, in part, […]

    American National Announces First Quarter 2020 Results

    {May 6th, 2020} by American National Insurance Company

    GALVESTON, Texas, May 05, 2020 (GLOBE NEWSWIRE) — American National Insurance Company (NASDAQ: ANAT) announced a net loss for the first quarter of 2020 of $220.4 million or $8.20 per diluted share, compared to net income of $258.2 million or $9.60 per diluted share for the same period in 2019. The decrease in net income […]

    North American Introduces Fidelity Index

    {May 6th, 2020} by North American Company for Life and Health Insurance

    WEST DES MOINES, Iowa, May 05, 2020 (GLOBE NEWSWIRE) — To meet growing client concerns about market volatility, North American Company for Life and Health Insurance® (North American) is launching access to a new index designed by Fidelity for use in its crediting strategies. The index combines key factors in such a way to help enhance returns […]

    2020 Insights on the Impact of COVID-19 on the Insurance Industry in the Unites States – ResearchAndMarkets.com

    {May 6th, 2020} by ResearchandMarkets.com

    DUBLIN–(BUSINESS WIRE)–The “Insurance in US: Coronavirus (COVID-19) Sector Impact” report has been added to ResearchAndMarkets.com’s offering. This report provides a brief review of the key trends and evolving developments that shape the impact of the COVID-19 outbreak in the US insurance industry. It provides a snapshot of the impact on the US insurance industry in light of the COVID-19 […]

    The Standard Partners with Employee Navigator to Enhance Broker and Customer Experience

    {May 6th, 2020} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals, has entered into a strategic partnership with Employee Navigator. The software company is a national leader in streamlining benefits and compliance processes for brokers and HR departments, making them a top choice for The Standard to […]

    Interactive Webinar Highlights Posted for “How Life Insurers Are Using Innovative and Compliant Predictive Models”

    {May 6th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–Viewers can access highlights from an AM Best webinar sponsored by LexisNexis® Risk Solutions to learn how regulatory changes can be an opportunity for innovation. Panelists share their in-depth knowledge of the regulatory environment and review predictive modeling and compliance implications. Panelists include: Gary Sanginario, senior director, analytics product management, LexisNexis Risk Solutions; Patrick Sugent, vice […]

    iPipeline Announces Exclusive Partnership with ForMotiv to Offer Next-Gen Behavioral Intelligence with Monitoring

    {May 6th, 2020} by iPipeline

    EXTON, Pa.–(BUSINESS WIRE)–iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced an exclusive OEM partnership with ForMotiv™. ForMotiv is creator of the first Digital Behavioral Intelligence (DBI) platform for the life insurance and financial services industry. Effective immediately, ForMotiv is available to carriers using […]

    SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities

    {May 6th, 2020} by SIMON Markets LLC

    April 29, 2020 10:58 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”) and Raymond James Financial (“Raymond James”) have now unveiled integration that brings SIMON’s end-to-end digital platform for annuities to all 8,000+ Raymond James advisors. The new partnership extends SIMON’s best-in-class insurtech solution to Raymond […]

    M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms

    {May 6th, 2020} by FAST

    ISELIN, N.J.–(BUSINESS WIRE)–FAST, a Verisk (Nasdaq:VRSK) business, announced today that M Financial Group has licensed FAST software to help provide innovative products to its Member Firms and their clients. M Financial, a leading distributor of life insurance products and services, will use FAST software to generate additional growth opportunities by developing and offering unique product […]

    AM Best Affirms Credit Ratings of The Northwestern Mutual Life Insurance Company and Its Subsidiary

    {May 6th, 2020} 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 of “aaa” of The Northwestern Mutual Life Insurance Company (Northwestern Mutual) and its subsidiary, Northwestern Long Term Care Insurance Company. The companies are domiciled in Milwaukee, WI, and collectively are known as Northwestern Mutual Group (NMG). Concurrently, AM Best has […]

    AIG Reports First Quarter 2020 Results

    {May 6th, 2020} by American International Group, Inc

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG common shareholders of $1.7 billion, or $1.98 per diluted common share, for the first quarter of 2020, compared to $654 million, or $0.75 per diluted common share, in the prior year quarter. The improvement was primarily due to $3.5 billion […]

    Prudential Financial, Inc. Announces First Quarter 2020 Results

    {May 6th, 2020} by Prudential Financial, Inc.

    NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net loss attributable to Prudential Financial, Inc. was $271 million ($0.70 per Common share) for the first quarter of 2020, compared to net income of $932 million ($2.22 per Common share) for the first quarter of 2019. After-tax adjusted operating income was $939 […]

    Allianz Life Gets Direct Access to eMoney Advisor Platform With New Pact

    {May 6th, 2020} by Jeff Berman

    Allianz Life teamed up with eMoney Advisor as part of a deal that provides the annuities and life insurance firm with direct access to the financial planning software maker’s platform. Allianz Life is also able to leverage the platform’s digital capabilities and collaboration features to “demonstrate the value of annuities through a planning lens,” eMoney […]

    Nationwide Plans to Make Work-From-Home Permanent for Some Offices

    {May 6th, 2020} by Allison Bell

    Nationwide Mutual Insurance Company says having employees work at home in response to the COVID-19 crisis is going so well that it plans to shut down at least five of its traditional brick-and-mortar offices by Nov. 1. The employees and other workers associated with those offices will shift to working permanently at home, Nationwide announced Thursday. […]

    Consumers Who Know More About Annuities May Like Them More

    {May 6th, 2020} by Allison Bell

    Consumers who know more annuities seem to have stronger feelings about them, and the increased knowledge may lead to more positive views than negative views. Analysts at the Secure Retirement Institute have published data supporting those possibilities in a summary of results from a recent study. The researchers who conducted the study had the participants take […]

    Kansas City Life Sees COVID-19 Chilling the Economy

    {May 6th, 2020} by Allison Bell

    COVID-19-related economic turmoil chilled earnings at Kansas City Life Insurance Company in the first quarter. The Kansas City, Missouri-based life insurer is reporting $150,000 in net income for the quarter on $123 million in revenue, compared with $4 million in net income on $130 million for the first quarter of 2019. The company is keeping […]

    9 Things Co9 Things Commenters Are Saying About Iowa’s Best Interest Proposal

    {May 6th, 2020} by Allison Bell

    Iowa looks more and more like a major geographic center for the U.S. annuity industry, and Doug Ommen, Iowa’s insurance commissioner, looks as if he’s one of the top annuity regulators. American Equity Investment Life, Fidelity & Guaranty Life,  FBL Financial Group, Principal and  Transamerica all have headquarters offices or other major offices there, and Ommen led the […]

    Variable Annuity Sales Rose: AIG

    {May 6th, 2020} by Allison Bell

    American International Group Inc. says its life and retirement unit had problems with stock market turmoil and widening credit spreads in the first quarter, but the sales of individual variable annuities were strong. The New York-based multi-line insurance giant gave its view of the COVID-19 situation when it released its latest earnings. Brian Duperreault, AIG’s chief […]

    New York State Department of Financial Services Hires a Chief Counsel: Personnel Matters

    {May 6th, 2020} by Allison Bell

    The New York State Department of Financial Services has hired Richard Weber to be its general counsel. Weber previously was head of financial crime prevention for the Americas at UBS. He also has been head of anti-financial crime for the Americas at Deutsche Bank. Before Weber joined Deutsche Bank, he spent five years as chief of […]

    Drew Bowden to Lead Insured Retirement Institute Board

    {May 6th, 2020} by Allison Bell

    Drew Bowden is taking over from Kevin Kennedy as the chair of the Insured Retirement Institute board. IRI is a Washington-based trade group for companies in the retirement income industry. Bowden, who previously was IRI’s vice chair, is the general counsel at Jackson National Life Insurance Company. Bowden has a bachelor’s degree from Loyola College n Maryland […]

    Primerica Wrestles With Agent Licensing Exam Delays

    {May 6th, 2020} by Allison Bell

    Primerica Inc. did well in the first quarter, and one of the most serious obstacles it faces now is delays in getting new life insurance agent recruits licensed. Glenn Williams, the chief executive officer of the Duluth, Georgia-based life insurer, talked about the licensing delays Thursday, in a conference call the company held with securities […]

    Active vs. Passive Investing in a COVID-19 World

    {May 6th, 2020} by Bobbie Turner

    In the most recent bull market, passive investments outperformed actively managed funds, leading many to question whether the added costs of active management are worth it. Inflows into passive investments led to a milestone event in September 2019 in which the assets of U.S. index-based equity mutual funds and ETFs surpassed actively managed funds for […]

    How Quarantine Is Affecting Different Generations: Ken Dychtwald

    {May 6th, 2020} by Ginger Szala

    Ken Dychtwald sees the coronavirus quarantine affecting generations differently. As a septuagenarian, he prefers to think of it as “cocooning” — that is, people should take this time to slow down and reemerge “as a better version of themselves.” Dychtwald, the psychologist, gerontologist and founder and CEO of Age Wave, who has written 17 books on aging, spoke […]

    Coronavirus lockdown: Raymond James won’t rush advisors back to the office

    {May 6th, 2020} by Andrew Welch

    Even as some states lift lockdown restrictions enacted to stem the tide of coronavirus contamination, the 8,000-plus advisors at Raymond James should not expect a swift return to their branches. “We will be slow and deliberate about bringing associates back to the office,” CEO Paul Reilly said during an earnings call April 30. Reilly’s cautious […]

    The Hartford Announces First Quarter 2020 Financial Results and Impact of COVID-19

    {May 6th, 2020} by The Hartford

    HARTFORD, Conn.–(BUSINESS WIRE)–The Hartford (NYSE: HIG) today announced financial results for the first quarter ended March 31, 2020. “The COVID-19 pandemic has forced unprecedented change in all aspects of society and the global economy. My thoughts and prayers are with those suffering the effects of the virus. I extend my deepest gratitude to the health […]

    6 things you need to know about life insurance and coronavirus

    {May 5th, 2020} by Shane Murphy

    As the coronavirus numbers continue to grow in the U.S., life insurance companies report that applications have been skyrocketing. With illnesses and deaths rising from COVID-19 — the disease caused by the virus — some life insurance customers have been wondering whether it’s too late to get coverage, or if existing policies cover the outbreak. Read on […]

    Whole Life Insurance: It’s a Swiss Army Knife for Financial Planning

    {May 2nd, 2020} by Michael Aloi

    The stock market may be jittery right now, but my whole life cash value continues to chug along. In my 20 years of providing financial advice, I have found whole life insurance to be one of the most important, yet overlooked financial planning tools on the market. There are many benefits to owning some whole […]

    The Devil In The Details Of Annuities

    {May 2nd, 2020} by David Kudla

    Chances are that if you are approaching retirement, you have been contacted to purchase an annuity as an investment vehicle. It has been most likely marketed as a way to get “guaranteed income” or “market-like returns with only a fraction of the risk”.  Click HERE to read the full story via Forbes   Wink’s Note:  […]

    Principal Financial Takes Slight Hit From COVID-19

    {May 2nd, 2020} by John Hilton

        Principal Financial Group’s overall income dropped year-over-year with the COVID-19 crisis depressing some sectors and lifting others, particularly a spike in term life sales, according to the company’s first-quarter report and earnings call. Like other diversified life and annuity companies, Principal went into the year with stronger performance in variable annuity assets and […]

    Announcing the Launch of the AARP Annuity Marketplace powered by Blueprint Income

    {May 2nd, 2020} by Blueprint Income

    NEW YORK, May 1, 2020 /PRNewswire/ — Blueprint Income has launched the AARP® Annuity Marketplace powered by Blueprint Income at https://www.blueprintincome.com/aarp. It is the exclusive marketplace for AARP members to compare and purchase simple annuities from a select group of seven highly-rated1 insurance companies. Over the last 40 years, Americans’ options for retirement have changed. Many employers have switched from […]

    Fiduciary rule rewrite still expected despite departure of DOL official

    {May 1st, 2020} by Mark Schoeff Jr.

    A revised Department of Labor rule that would that would raise investment advice standards for retirement accounts appears to be on its way despite the imminent departure of the official directly connected to the effort. Click HERE to read the full story via InvestmentNews

    Women and retirement preparedness

    {May 1st, 2020} by Mary Beth Franklin

    Women face dual challenges in terms of their retirement security: longevity and wealth inequality. Click HERE to read the full story via InvestmentNews

    Cash Value Life Insurance Provides A Safe Harbor In Today’s Economic Storm

    {May 1st, 2020} by Marc Schechter

    In light of recent market challenges that have impacted the diversified investment portfolios we manage for our clients, many have asked how the cash values in their investment-oriented life insurance policies are weathering the storm. Whole life, universal life and indexed universal life have traditionally maintained their values through tough economic times because they are […]

    Global Atlantic Launches Global Accumulator Indexed Universal Life Policy

    {April 29th, 2020} by Global Atlantic Financial Group

    DES MOINES, Iowa–(BUSINESS WIRE)–Global Atlantic Financial Group, a leading U.S.-focused retirement, life insurance and reinsurance company, recently launched its newest indexed universal life policy, Global Accumulator IUL. Issued by Accordia Life and Annuity Company, a subsidiary of Global Atlantic, Global Accumulator is an accumulation-focused IUL product that offers a variety of indexed strategies, including two […]

    Equitable Holdings Announces Preliminary First Quarter 2020 Results

    {April 29th, 2020} by Equitable Holdings

    NEW YORK–(BUSINESS WIRE)–Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced preliminary first quarter financial results, including an update on the Company’s capital and liquidity positions and balance sheet strength. The Company will release its full first quarter 2020 financial results on Thursday, May 7, 2020 after the market close. “As […]

    Fed easing clobbers fixed annuities

    {April 29th, 2020} by Editorial Staff

    But sales of registered index-linked annuities (RILAs, aka ‘structured variable annuities’) posted a record high. RILAs offer more upside potential but less downside protection than fixed indexed annuities. Fixed annuities of all kinds were collateral damage of the Fed’s interest-rate easing move in March, as the central bank responded to the COVID-19 related crash in […]

    Kansas City Life Declares Quarterly Dividend

    {April 29th, 2020} by Kansas City Life

    KANSAS CITY, Mo., April 27, 2020 /PRNewswire/ — The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 27, 2020. The dividend will be payable on May 13, 2020, to stockholders of record on May 7, 2020. Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri. The Company’s primary business is providing financial protection through the sale of life insurance and annuities. The Company operates in 49 states and the District of Columbia. For […]

    New Study Shows Majority of Americans Fear Contracting COVID-19 More Than Facing a Recession

    {April 29th, 2020} by Nationwide

    COLUMBUS, Ohio, April 22, 2020 /PRNewswire/ — Even as the COVID-19 pandemic is upending the global economy, driving unprecedented market volatility and record jobless claims, a clear majority of American adults age 18+ (59%), as well as a subset of U.S. investors with investable assets of $100,000 or more (61%), say they fear contracting COVID-19 more than facing a […]

    Implications of coronavirus for North American life and annuities writers

    {April 29th, 2020} by Ramnath Balasubramanian, Alexander D’Amico, and Jonathan Godsall

    During the COVID-19 pandemic, businesses are rightly focused on securing their employees’ and customers’ safety, as well as keeping their doors open with immediate business-continuity measures. As the effects of the crisis continue to unfold, it is hard to overstate the complexity of the challenge facing the North American life and annuities sector. Uncertainties around […]

    FBL Financial Group Provides Additional Information Regarding Its 2020 Annual Meeting of Shareholders

    {April 29th, 2020} by FBL Financial Group, Inc.

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) (the “Company”) announces today that due to ongoing concerns relating to the coronavirus (COVID-19), the Company’s Class A common shareholders will be able to participate in the Company’s 2020 Annual Meeting of Shareholders virtually, via live audio webcast. As previously announced, the Company’s 2020 Annual Meeting […]

    AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Life Subsidiaries

    {April 29th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the primary life insurance subsidiaries of Protective Life Corporation (headquartered in Birmingham, AL), collectively known as Protective Life. Additionally, AM Best has affirmed the Long-Term ICR of “a-” and the existing Long-Term Issue Credit Ratings […]

    Athene Holding Ltd. to Announce First Quarter 2020 Financial Results and Host Conference Call on May 8, 2020

    {April 29th, 2020} by Athene Holding, Ltd.

    PEMBROKE, Bermuda–(BUSINESS WIRE)–Athene Holding Ltd. (NYSE: ATH), a leading provider of retirement savings products, announced it will release financial results for the first quarter 2020 on Friday, May 8, 2020, before the opening of trading on the New York Stock Exchange. The news release, financial supplement, and earnings presentation will be available on the ir.athene.com website. Management […]

    Principal® Announces First Quarter 2020 Results

    {April 29th, 2020} by Principal

    DES MOINES, Iowa–(BUSINESS WIRE)–During the first quarter of 2020, Principal Financial Group® (Nasdaq: PFG) managed and responded to the global COVID-19 pandemic – successfully redirecting resources and efforts to maintain operations, continuing to serve customers worldwide, and keeping our employees safe. “The COVID-19 health crisis has touched every aspect of our lives and our business, and […]

    Federal Life Insurance Company Selects DXC Technology to Enhance Policy Buying Experience for Customers and Agent

    {April 29th, 2020} by Federal Life Insurance Company

    TYSONS, Va.–(BUSINESS WIRE)–Federal Life Insurance Company, based in Riverwoods, IL just northwest of Chicago, has gone live with DXC Assure for Life and Wealth to enhance the policy buying experience for their customers and agents, streamline key processes, and drive business growth. DXC’s solution is built on a scalable, cloud-based architecture, implemented on Amazon Web […]

    Permanent Life Insurance Options

    {April 29th, 2020} by Ashley Chorpenning

    Life insurance is designed to financially protect your loved ones in the event you pass away. If you’re shopping for life insurance and decide you need coverage throughout your entire life, permanent life insurance guarantees lifelong protection and comes with a cash value component. While permanent life insurance is more expensive and complicated than term life […]

    Most Consumers Baffled By Annuities, Study Finds

    {April 29th, 2020} by Staff

    According to a recent Secure Retirement Institute study, only 1 in 4 consumers can correctly answer at least 7 out of 10 annuity-related questions. In addition, more than 40% answered “not sure” to each of the 10 questions. “Our study annuity owners go to the head of the class when it comes to understanding how […]

    Lawsuit Details Alleged Sexist Culture at Morgan Stanley

    {April 29th, 2020} by Alex Padalka

    Morgan Stanley is facing a lawsuit from one of its former financial advisors accusing the firm of allowing a sexist working environment that derailed her career at the wirehouse. Kelley McGoldrick — who was at Morgan Stanley from 2012 to 2017, according to BrokerCheck — claims the wirehouse’s “sexist culture and conduct, which deliberately deprived her of income and […]

    SEC: Only Registered Advisors Can Call Themselves ‘Advisors’

    {April 29th, 2020} by Alex Padalka

    The SEC has clarified that under Regulation Best Interest it will not tolerate broker-dealers calling themselves “advisors” unless they’re registered as investment advisors, except in certain cases. In an update to its FAQ for Reg BI, the SEC says that broker-dealers who use the terms “adviser” or “advisor” in their titles or their firms’ names without […]

    RetireOne Adds Structured Notes to Platform with HALO Partnership

    {April 29th, 2020} by RetireOne

    SAN FRANCISCO and CHICAGO, April 22, 2020 /PRNewswire/ — Halo Investments, Inc. (“Halo”) and RetireOne®—the leading independent platform for fee-based insurance solutions—announced a partnership that expands RetireOne’s portfolio protection offerings with structured notes. The partnership between Halo and RetireOne will further cement with the addition of annuities on the platform in the second half of 2020. “Using Halo’s powerful, easy-to-use […]

    Sales of Index-Linked Variable Annuities Shine Again

    {April 29th, 2020} by Allison Bell

    Sales of variable annuities outperformed sales of fixed annuities in the first quarter, according to new, preliminary insurer survey data from the Secure Retirement Institute. Insurers reported that their sales of individual variable annuities in the United States increased 16% between the first quarter of 2019 and the latest quarter, to $26.5 billion. Sales of […]

    Confidence in Retirement Security Remains High Despite Pandemic

    {April 29th, 2020} by EBRI

    WASHINGTON – April 23, 2020 – The 2020 Retirement Confidence Survey (RCS), fielded in January, found 77 percent of retirees are confident in their ability to live comfortably throughout retirement, down slightly from 82 percent in 2019. Despite the subsequent pandemic, that number barely changed when the survey was re-fielded in late March (76 percent). […]

    Pandemic Amplifies Message of Financial Literacy Month

    {April 29th, 2020} by Aimee DeCamillo

    For most of us, April has traditionally been the month of taxes, spring holidays, and that old nursery rhyme about April showers. It is often seen as the month of rejuvenation. Perhaps less known is another significant event that occurs every year at this time — Financial Literacy Month. The month set aside to teach […]

    More Than Half Of U.S. Workers Interested In Guaranteed Income

    {April 29th, 2020} by Staff

    According to the new Secure Retirement Institute study, more than half (56%) of U.S. workers are interested in investing in a guaranteed lifetime income option within their employer’s retirement savings plan if it was available to them. Of those who are currently saving in their employer’s defined contribution (DC) plan, 61% say they would be […]

    Is Now a Bad Time for Advisors to Retire?

    {April 29th, 2020} by Robert Goff

    As clients and advisors navigate today’s quickly evolving and uncertain landscape, many have had to change previously well-laid-out plans. Vacations, work travel and even some life events, such as weddings, have been rescheduled or postponed due to the novel coronavirus. Amid all of this, a number of advisors who were planning to retire this spring […]

    For Future Tax Flexibility, Consider a Variable Annuity

    {April 29th, 2020} by Scott Stolz

    As the market headed toward the 11th anniversary of the bull market, many advisors found themselves with a dilemma: How do you reduce client equity exposure without incurring substantial capital gains? Do you just bite the bullet by selling equities and moving the proceeds into a more conservative asset class, or do you just hold […]

    Retirement Savers Kept Saving in Q1: Fidelity

    {April 29th, 2020} by Michael S. Fischer

    The market downturn caused average 401(k), IRA and 403(b) balances to fall in the first quarter, but contributions to retirement accounts held steady, with some investors actually increasing their savings, according to the latest analysis of retirement savings trends released Friday by Fidelity Investments. The average 401(k) balance was $91,400, down 19% from the record high […]

    Equitable Records $12 Billion in Hedging Gains

    {April 29th, 2020} by Allison Bell

    Equitable Holdings Inc. announced Monday that a $12 billion gain the value of its hedging arrangements will help it report $5.2 billion to $5.4 billion in net income for the first quarter. Operating earnings will probably be about $500 million to $515 million, the New York-based life insurer said in an earnings preview. Equitable is preparing to put out […]

    We Have Plenty of Cash: Principal

    {April 29th, 2020} by Allison Bell

    Principal Financial Group Inc. earned hundreds of millions of dollars in the first quarter, and it has plenty of cash, the company announced Monday. The Des Moines, Iowa-based life insurer became the latest company to try to calm investors down. The company noted that, in response to the COVID-19 pandemic, about 95% of its 18,000 employees are […]

    How the Pandemic Is Affecting Retirement Confidence: EBRI

    {April 28th, 2020} by Ginger Szala

    Most Americans are very or somewhat confident about having enough money to live comfortably throughout their career, or at least they were before the rise of the coronavirus pandemic, found the 2020 Retirement Confidence Survey by the Employee Benefit Research Institute and Greenwald & Associates. A subsequent survey done at the end of March showed […]

    New York Gets a Deputy Superintendent: Personnel Matters

    {April 28th, 2020} by Allison Bell

    The New York State Department of Financial Services has hired Mona Bhalla to be the department’s deputy superintendent for life insurance. Bhalla previously was a senior managing director and corporate secretary at TIAA. Bhalla also has been corporate secretary and senior securities counsel at AllianceBernstein L.P. Click HERE to read the full story via ThinkAdvisor.

    Globe Life Agents Shift to Virtual Sales Strategies

    {April 28th, 2020} by Allison Bell

    Executives from Globe Life Inc. say COVID-19-related unemployment has helped the company recruit new agents, but that disruptions in state licensing exam programs slowed efforts to put the new agents to work. Larry Hutchison, Globe Life’s co-chief executive officer, talked about the licensing delays Thursday, during a conference call the company held to go over […]

    Title Insurer Says F&G Deal Will Make It Stronger

    {April 28th, 2020} by Alissa Bell

    Executives at Fidelity National Financial Inc., a big title insurer, say they’re eager to complete the company’s $2.7 billion acquisition of Fidelity & Guaranty Life Insurance Company. Fidelity National is a Jacksonville, Florida-based company that reported $8.5 billion in revenue in 2019. F&G is an annuity issuer that generated $2.1 billion in revenue in 2019. The company […]

    Global Atlantic Adds Indexed Universal Life Policy

    {April 28th, 2020} by Allison Bell

    Global Atlantic Financial Group has introduced the Global Accumulator indexed universal life insurance policy. Global Atlantic is writing the policy through its Accordia Life and Annuity Company subsidiary, which is based in Des Moines, Iowa. Purchasers can pay an extra charge to get a chance to accumulate more policy value. A Wellness for Life rider […]

    Tell Us What COVID-19 Is Doing to 2021 Prices: Consumer Reps to State Reguators

    {April 28th, 2020} by Allison Bell

    Consumer representatives want health insurers to give details about how COVID-19 is affecting their proposed 2021 major medical insurance rates. Eighteen of the reps have asked the National Association of Insurance Commissioners (NAIC) to require insurers to put specific COVID-19 impact information in their rate filings. “General statements or premium surcharges based on uncertainty provide […]

    7 Things COVID-19 Has Taught Your Youngest Annuity Prospects

    {April 28th, 2020} by Allison Bell

    One sign of the fundamental stability of U.S. life insurers: They’re still out there conducting consumer surveys, and publishing the results. Nationwide Financial is back with a report based on a recent survey of 2,042 U.S. adults ages 18 and older. The survey team looked at how the COVID-19 pandemic, and the pandemic-related financial turmoil, […]

    LPL and Raymond James lead in recruiting as M&A deals and new appointments show coronavirus impact

    {April 28th, 2020} by Tobia Salinger

    LPL Financial and Raymond James Financial Services have galloped ahead of their recruiting rivals, but the coronavirus is casting uncertainty on moves across the entire industry. Independent broker-dealers have unveiled around 50 recruiting moves so far in 2020, according to Financial Planning’s analysis of press releases issued by the firms. None of the moves occurred in April, […]

    How Life Insurance Helps Seniors to Battle Financial Crisis

    {April 27th, 2020} by UTC

    Many people today take life insurance for granted until they reach the point where they start to think about retirement or their families’ future. What others don’t realize is that life insurance can be both advantageous to the beneficiaries and the policyholder. Just like everyone else, seniors also fight their own economic battles. Most of […]

    Transamerica Launches Low-Cost Variable Annuity

    {April 24th, 2020} by Danielle Andrus

    On Monday, Transamerica announced the launch of a new variable annuity with average annual fees that are roughly 70% lower than the industry average. “Variable annuities allow consumers to invest on a tax-deferred basis as they work toward the goal of creating a steady stream of income during retirement,” Joe Boan, senior managing director of […]

    John Hancock and Clareto Streamline Life Insurance Purchase Process

    {April 24th, 2020} by John Hancock

    TSX/NYSE/PSE: MFC     SEHK: 945 BOSTON, April 22, 2020 /PRNewswire/ – Today, John Hancock announces a strategic collaboration with Clareto, a leader in digital solutions to acquire and aggregate electronic health data, to further improve the Company’s underwriting speed and efficiency as part of its ongoing commitment to transform the life insurance purchase experience. Clareto’s capabilities include enabling access to more than […]

    Why I Almost Never Recommend Indexed Universal Life Insurance

    {April 23rd, 2020} by David C. Lewis

    A lot of investors, seeking a reprieve from the ups and downs of the stock market, have turned to a life insurance product called “indexed universal life insurance.” This type of life insurance is permanent life insurance, which builds cash values based on the upward movement of a stock market index. Premiums are paid, cost […]

    Can You Lose Money In An Annuity? Know These Two Things To Figure It Out

    {April 23rd, 2020} by Matt Carey

    Yes, annuities provide valuable tax-deferred growth. But for more than any other reason, annuities are valuable because of their guarantees. In an annuity, the insurer makes certain contractual guarantees that are not available in a traditional investment product.  There are two things you need to know if you’re an annuity owner or considering a purchase […]

    Certain US life insurers suspend senior applications

    {April 23rd, 2020} by Lyle Adriano

    A number of US life insurance companies have decided to temporarily suspend applications from certain age groups, or have imposed similarly tough application requirements, in order to maintain their financial viability. Reuters reported that the companies Prudential Financial and Protective Life Insurance have both temporarily stopped receiving applications from individuals aged 80 or older. Meanwhile, Lincoln […]

    The (Annuity) sky isn’t falling

    {April 22nd, 2020} by Sheryl J. Moore

    Part of what I do for my full-time hustle is to track every annuity, its features, rates, and sales. AnnuitySpecs may look like a simple website, but there is A LOT of work that goes into that tool. Almost a dozen people are needed just to keep up with all the product information that goes […]

    Is the coronavirus crisis the right time to talk to clients about annuities?

    {April 22nd, 2020} by Tobias Salinger

    In the middle of a public health and economic crisis, a so-called flight to safety sounds like a great idea. Click HERE to read the full story via Financial Planning   ………………………………………………………………………………………   These conditions make it a good time to discuss whether annuities might fit a client’s goals, says Sheryl J. Moore, CEO of […]

    These companies deserve some recognition!

    {April 22nd, 2020} by Sheryl J. Moore

    When I started this company 15 years ago, one thing that I was committed to was being independent. I feel that it is very important, as a market research firm, to treat companies fairly and never give preferential treatment to any product manufacturer. No company should ever pay more/less than any other. No company should […]

    Iowa Proposes Best-Interest Rule for BDs, Annuity Agents

    {April 22nd, 2020} by Melanie Waddell

    Iowa has proposed a best-interest standard requiring financial professionals to act in the best interest of clients. The plan, released by the Iowa Insurance Division, is based on the model regulation approved by the National Association of Insurance Commissioners earlier this year and requires annuity agents and broker-dealers and their reps to act in the best […]

    The Standard’s Focused Growth Annuity and Index Select Annuity Are Available in California with Exclusive and Expanded Features

    {April 22nd, 2020} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (The Standard) announced the enhancement of the Focused Growth Annuity (FGA) and the Index Select Annuity in California, making a version of these products available in every state in which The Standard offers annuities. Both annuities provide unique savings, investment and crediting options exclusive to California. “Annuities can be a […]

    Why Post-COVID-19 Operations at a Small Life Insurer Look OK: Idea File

    {April 22nd, 2020} by Allison Bell

    State insurance regulators and auditors have made the managers of Investors Heritage Life Insurance Company prepare for many different economic scenarios and catastrophic mortality scenarios that didn’t look much like the new COVID-19 pandemic world. The result: The Frankfort, Kentucky-based company was in a good position to adjust for this scenario. John Frye, the company’s […]

    CANCELED: Global Insurance Symposium

    {April 22nd, 2020} by Best's Calendar

    Global Insurance Symposium Update: {3/20/2020 10:00 a.m. CDT} Due to state and federal guidelines on large gatherings, the 2020 Global Insurance Symposium has been canceled. The symposium will be back next year on April 26-28, 2021. For those attendees who were looking forward to seeing the final presentations of this year’s Global Insurance Accelerator (GIA) […]

    Leonardi announces plans to leave AIG

    {April 22nd, 2020} by Matthew Lerner

    Thomas Leonardi, executive vice president of AIG and vice chair AIG Life Holdings Inc., announced he has decided to leave AIG at the end of May. “I have decided to depart from AIG effective May 31, 2020,” Mr. Leonardi said in a LinkedIn post. “I will be taking some down time and have not considered […]

    Equitable Holdings, Inc. Schedules Announcement of First Quarter 2020 Results

    {April 22nd, 2020} by Equitable Holdings

    NEW YORK–(BUSINESS WIRE)–Equitable Holdings, Inc. (NYSE: EQH) announced today that it will release financial results for the first quarter of 2020 after the market closes on Thursday, May 7, 2020. The company will host a conference call webcast on Friday, May 8, 2020 at 8:00 a.m. ET to discuss the results. The conference call webcast, […]

    AIG to Report First Quarter 2020 Results on May 4, 2020 and Host Conference Call on May 5

    {April 22nd, 2020} by American International Group, Inc

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2020 after the market closes on Monday, May 4, 2020. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com. AIG will also host a conference call on Tuesday, […]

    New York Life and Cigna Launch ‘Brave of Heart Fund’ to Raise More Than $100 Million to Provide Financial and Emotional Support for Families of Frontline Healthcare Workers and Volunteers

    {April 22nd, 2020} by New York Life

    NEW YORK–(BUSINESS WIRE)–New York Life today announced that it has partnered with Cigna to launch, through their foundations, the Brave of Heart Fund. The Fund will provide financial and emotional support to the families of healthcare workers and volunteers nationwide – including doctors, nurses, technicians, orderlies, cafeteria workers, custodians, and others – who lose their […]

    Lincoln Financial Group Announces Steps to Support Customers Experiencing COVID-19-Related Financial Challenges

    {April 22nd, 2020} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE:LNC) announced today that it is taking steps to support customers experiencing COVID-19-related financial challenges, including relief for retirement savers, flexibility for policyholders, and support for the community and business. “As our country comes together to address the many issues created by this global pandemic, we want to do our […]

    Brighthouse Financial Announces Conference Call to Discuss First Quarter 2020 Results

    {April 22nd, 2020} by Brighthouse Financial

    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 first quarter ended March 31, 2020, at 8:00 a.m. Eastern Time on Tuesday, May 12, 2020. The call will follow the issuance of the Brighthouse Financial […]

    American Financial Group, Inc. Updates Its 2020 Core Net Operating Earnings Guidance Before Earnings or Losses from Marked-to-Market Investments and Announces Details Regarding Its 2020 First Quarter Results Conference Call and Webcast

    {April 22nd, 2020} by American Financial Group

    CINCINNATI–(BUSINESS WIRE)–American Financial Group, Inc. (NYSE: AFG) announced today revised earnings guidance for 2020. As previously indicated, AFG’s original core net operating earnings guidance of $8.75 to $9.25 per share assumed a 10% annualized return on the Company’s $2.2 billion of investments that are marked to market through core operating earnings (“MTM investments”). This return […]

    AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries

    {April 22nd, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” of The Penn Mutual Life Insurance Company (Penn Mutual Life) (Horsham, PA) and its wholly owned subsidiaries, The Penn Insurance and Annuity Company (Wilmington, DE), Vantis Life Insurance Company (Vantis Life) (Windsor, CT) and Vantis Life […]

    FBL Financial Group Schedules First Quarter 2020 Earnings Release Date, Conference Call and Webcast

    {April 22nd, 2020} by FBL Financial Group, Inc.

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) will announce its first quarter 2020 earnings approximately 15 minutes after the close of the market on Thursday, May 7, 2020. The first quarter earnings release and financial supplement will be posted on the FBL Financial Group website (www.fblfinancial.com) at that time. FBL Financial Group will […]

    21 Northwestern Mutual Advisors Named to the Financial Times 400 Top Financial Advisors List

    {April 22nd, 2020} by Northwestern Mutual

    MILWAUKEE, April 16, 2020 /PRNewswire/ — Northwestern Mutual today announced that 21 financial advisors affiliated with Northwestern Mutual Wealth Management Company have been named to the 2020 edition of the Financial Times‘ 400 Top Financial Advisors list. “We’re incredibly proud of the work done by our financial advisors to help our clients both plan and stay on track with […]

    Transamerica Debuts a New Low-Cost Variable Annuity

    {April 22nd, 2020} by Transamerica

    BALTIMORE, April 20, 2020 /PRNewswire/ — Transamerica announces the availability of the Transamerica Advisory AnnuitySM, an innovative, low-cost, variable annuity offered and issued by Transamerica Life Insurance Company. The Transamerica Advisory Annuity offers investors these benefits: Lower costs – average annual fees are more than 70 percent lower than the most recent industry average shown by Morningstar, […]

    PRESS RELEASE: FINANCIAL INDEPENDENCE GROUP ANNOUNCES STRATEGIC ALLIANCE WITH THRIVENT ADVISOR NETWORK

    {April 22nd, 2020} by FIG Marketing

    Cornelius, NC – April 21, 2020 – Financial Independence Group, LLC (FIG), a leading financial marketing organization, and the Thrivent Advisor Network (TAN), a hybrid RIA community of financial professionals, have announced a strategic partnership to deliver more robust product offerings to clients nationwide. Effective immediately, all TAN firms now have access to FIG’s annuity, life insurance, and […]

    The Missing Ingredient in Most Retirement Plans

    {April 22nd, 2020} by Brad Pistole

    Do you have a favorite recipe that you know so well that you don’t even have to look up the recipe when you start cooking? I have a handful of meals that I love to cook and I’ve prepared them so many times, I never have to look at a recipe. One of my favorite […]

    Some life insurers hit pause on older Americans during coronavirus crisis

    {April 22nd, 2020} by Suzanne Barlyn

    (Reuters) – Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements. Prudential Financial Inc (PRU.N), Lincoln National Corp (LNC.N) and Protective Life Insurance Co are among the insurers that have made changes. Prudential and Protective are […]

    Crunch Time Arrives for Firms Preparing to Comply With Reg BI

    {April 22nd, 2020} by Rich Blake

    In less than three months, broker-dealers and their associated persons will be bound by a sweeping new standard of conduct, setting up one of the most challenging compliance feats ever attempted by securities industry professionals. Between the sheer number of to-dos that have to be checked off and the inexorable march of the clock toward […]

    Transamerica Adds a Variable Annuity: Annuity Product Update

    {April 22nd, 2020} by Allison Bell

    Transamerica has introduced the Transamerica Advisory Annuity contract. The contract has expense ratios that can range from 0.39% to 0.93%, depending on the investment allocations chosen. The contract holder can choose from a menu of investment options, including 18 portfolios managed by Vanguard and eight by Dimension Fund Advisors. For death benefits, the contract holder […]

    Integrity Marketing Acquires The Brokerage Resource

    {April 22nd, 2020} by Allison Bell

    Integrity Marketing Group LLC has acquired a large, prominent insurance marketing organization, The Brokerage Resource. Sam Corey III, the seller, will own a stake in Integrity Marketing, but the companies aren’t disclosing the other deal terms. Integrity Marketing is a Dallas-based insurance distributor that has relationships with about 250,000 independent agents and about 5 million […]

    RIA Support Firm to Promote FIDx Annuity Exchange

    {April 22nd, 2020} by Allison Bell

    An arm of an insurance marketing organization, Financial Independence Group, will be encouraging registered investment advisors to use the FIDx insurance exchange. Fiduciary Exchange LLC — FIDx — announced its alliance with Financial Independence Group arm, RIA Insurance Solutions, Tuesday. Click HERE to read the full story via ThinkAdvisor

    NAIC Did Fine in 2019. But…

    {April 22nd, 2020} by Allison Bell

    The National Association of Insurance Commissioners is reporting an increase in revenue and assets for 2019, as pressing concerns about the COVID-19 pandemic push fond memories of 2019 further into obscurity. The Kansas City, Missouri-based, nonprofit state insurance regulator group is reporting an $18 million change in net assets without donor restrictions for 2019 on […]

    NAIFA Adds COVID-19 Support Program

    {April 22nd, 2020} by Allison Bell

    The National Association of Insurance and Financial Advisors is starting a fund that will help NAIFA members, and the members’ legal dependents, cope with COVID-19-related bills. The fund will use donations to help recipients affected by the pandemic pay medical bills and funeral expenses. Anyone can donate to the fund. NAIFA worked with the Community Foundation […]

    After the Catastrophic 1918 Flu Pandemic, Annuities Did Fine

    {April 22nd, 2020} by Allison Bell

    One possible clue about how the U.S. annuity market could look in 20 years is that life insurers created the modern U.S. annuity market in the decade in the decade after the catastrophic 1918 influenza pandemic. People with an interest in the topic can see how newspapers of the era covered the topic by searching […]

    Are We Witnessing A New Age Of Responsibility?

    {April 22nd, 2020} by Saturday Insurance

    The Coronavirus crisis seems to have delivered an era of fiscal responsibility among younger adults. A new survey conducted by PSB Research for Saturday Insurance shows that 25- to 34-year-olds are more likely than other adults to be tackling their finances and other matters of work and planning during this period. “While there’s been a […]

    MassMutual announces $3 billion of free life insurance for healthcare workers on the COVID-19 frontline

    {April 22nd, 2020} by MassMutual

    MassMutual extends LifeBridge program, offering free life insurance to healthcare workers across Massachusetts and Connecticut to recognize their heroic contributions during pandemic SPRINGFIELD, Mass., and BOSTON, April 15, 2020 – Massachusetts Mutual Life Insurance Company (MassMutual) today announced the launch of MassMutual HealthBridge, which will provide free term life insurance to the brave and resilient frontline healthcare […]

    David Hanzlik: Advisory In A Time Of Crisis

    {April 22nd, 2020} by P.E. Kelly

    The effect of market volatility can be disorienting, to say the least, to the point where you may have to proactively dissuade your clients from altering the plans they have in place. So, it is always good practice, but more so in times of crisis, to revisit and reestablish the goals that you have established […]

    Americans Acutely Concerned About COVID-19 Financial Loss & Recent Government Response

    {April 22nd, 2020} by Kekst CNC

    International opinion survey, conducted by Kekst CNC, shows Americans by far the most concerned about the personal financial impact of COVID-19 — and least reassured by recent government response. Data shows both Democrats and Republicans back government bailouts for businesses New York, NY, April 14, 2020 — More than half of American workers are “very concerned” […]

    West Des Moines’ Athene fined $45 million for unlicensed activity

    {April 22nd, 2020} by Tyler Jett

    The insurer Athene Holding Ltd., which bases its U.S. operations in West Des Moines, has agreed to pay a $45 million fine after one of its subsidiaries was determined to have worked in New York state without a license. Athene Annuity & Life Co. finalized 14 pension risk transfer transactions with fund sponsors based in […]

    If Cash is King, a Life Settlement is His Crown

    {April 21st, 2020} by Allison Bell

    Having sufficient liquidity will be the defining economic issue of 2020. Now more than ever, cash is king. As millions of retired seniors witnessed the value of their retirement portfolios plummet amid the COVID-19 crisis, financial advisors were urging them not to take withdrawals that would lock in losses. This same reasoning was behind a […]

    The IPX Platform Opens Distribution for Annuity Product Providers

    {April 17th, 2020} by FPS Group

    CENTENNIAL, Colo.–(BUSINESS WIRE)–The Investment Provider Xchange (“IPX”), an innovative solutions provider for retirement plan professionals, plan sponsors and participants in the 403(b) and 457(b) space, is making additional annuity products available for distribution. The move directly supports the needs and business objectives of fee-based advisors. At its core, IPX is an enhanced retirement plan recordkeeping application that […]

    American Equity Schedules First Quarter 2020 Earnings Release, Conference Call and Webcast

    {April 17th, 2020} by American Equity Investment Life Holding Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release first quarter 2020 earnings after the close of market on Wednesday, May 6, 2020. The first quarter earnings release and financial supplement will be posted on the American Equity website at www.american-equity.com at that time. AEL will hold a […]

    Safe, ‘Boring’ Products Offer Shelter From Financial Storm

    {April 17th, 2020} by Kevin Nuss

    As you approach and then enter retirement, it’s wise to gradually shift much of your savings into vehicles that guarantee your principal while providing a good interest rate. The stock market’s extreme volatility in 2020 shows that relying too heavily on equities exposes mature investors to unneeded risk. They need ways that reduce risk while […]

    The Risks Of Cash Value Life Insurance

    {April 17th, 2020} by Garrett Gunderson

    A large portion of the insurance and investment industry has perpetuated a dangerous narrative, a false belief.   One where if you want a return you must take higher risks.   Click HERE to read the full story via Forbes.       Wink’s Note: “…if you want a return you must take higher risks” is a […]

    Wink’s 2019 Leader in Fixed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Modern Woodmen of America         Per Wink’s Sales & Market Report, Modern Woodmen of America was the #1 seller of Fixed Annuities in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report Wink’s Sales & Market Report has […]

    Wink’s 2019 Leader in Indexed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Allianz Life         Per Wink’s Sales & Market Report, Allianz Life of North America was the #1 seller of Indexed Annuities in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report Wink’s Sales & Market Report has served […]

    Wink’s 2019 Leader in Multi-Year Guaranteed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              New York Life         Per Wink’s Sales & Market Report, New York Life Insurance and Annuity Company was the #1 seller of Multi-Year Guaranteed Annuities in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report Wink’s Sales & […]

    Wink’s 2019 Leader in Structured Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Equitable Financial         Per Wink’s Sales & Market Report, AXA Equitable Life Insurance Company was the #1 seller of Structured Annuities in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report Wink’s Sales & Market Report has served […]

    Wink’s 2019 Leader in Variable Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Jackson National Life         Per Wink’s Sales & Market Report, aggregately Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York were the #1 seller of Variable Annuities in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s […]

    Wink’s 2019 Leader in Indexed Life Insurance Sales

    {April 16th, 2020} by Wink, Inc

              Pacific Life Companies         Per Wink’s Sales & Market Report, aggregately Pacific Life Insurance Company and Pacific Life & Annuity Company were the #1 sellers of Indexed Life Insurance in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market […]

    Wink’s 2019 Leader in Universal Life Insurance Sales

    {April 16th, 2020} by Wink, Inc

              Prudential Companies         Per Wink’s Sales & Market Report, aggregately Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey were the #1 sellers of Universal Life Insurance in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & […]

    Wink’s 2019 Leader in Whole Life Insurance Sales

    {April 16th, 2020} by Wink, Inc

              Massachusetts Mutual Life Companies       Per Wink’s Sales & Market Report, Massachusetts Mutual Life Insurance Company was the #1 seller of Whole Life Insurance in 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report Wink’s Sales & Market Report […]

    Wink’s 2019 Trailblazer in Fixed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Mutual Trust         Per Wink’s Sales & Market Report, Mutual Trust Life Insurance Company increased their Fixed Annuity market share the greatest percentage of any company, from 2018 to 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market Report […]

    Wink’s 2019 Trailblazer in Indexed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Atlantic Coast Life         Per Wink’s Sales & Market Report, Atlantic Coast Life Insurance Company increased their Indexed Annuity market share the greatest percentage of any company, from 2018 to 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s Sales & Market […]

    Wink’s 2019 Trailblazer in Multi-Year Guaranteed Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Equitable Life & Casualty         Per Wink’s Sales & Market Report, Equitable Life & Casualty Insurance Company increased their Multi-Year Guaranteed Annuity market share the greatest percentage of any company, from 2018 to 2019. Rankings based on participants of Wink’s Sales & Market Report.   About Wink’s […]

    Wink’s 2019 Trailblazer in Structured Annuity Sales

    {April 16th, 2020} by Wink, Inc

              Protective Life Companies         Per Wink’s Sales & Market Report, aggregately Protective Life and Annuity Insurance Company and Protective Life Insurance Company increased their Structured Annuity market share the greatest percentage of any company, from 2018 to 2019. Rankings based on participants of Wink’s Sales & Market […]

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