An insurance industry effort to make summary prospectuses permissible for variable annuities is being received warmly by broker-dealers, despite doubts that the complex products can be described adequately in abbreviated form.
The insurer's sales and deposits rose 8% to a record $15.2 billion last year. The firm also reported record net income of $670 million, compared with a $1 billion net loss in 2008.
Despite a deafening silence from advisers on long-term-care planning, most consumers say they want input from a financial professional on LTC
Further complicating matters, the LTC business requires large amounts of capital, which puts added pressure on carriers that issue the policies
Clients may not be knocking down the doors to participate in the long-term-care-insurance program created last week by the passage of health care reform, but advisers are optimistic the program's existence will spur more discussion around the benefits of LTC planning.
A group of Internet con artists masquerading as the Securities and Exchange Commission is swindling investors
The carrier announced, however, that it will add 400 employees to an operation in Franklin, Tenn., just outside of Nashville.
Living longer has its price, study finds
The Employee Benefits Security Administration is planning to publish a compliance checklist for target date fund selection this spring
Financial services company with troubled past changes corporate name; 'new beginning'
