The acquisition will expand the firm's ability to sell financial products through Jefferson National's network of 4,000 RIAs.
B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
Health-care costs are “the great unknown of retirement” for many advisers.
Selection process will be like a suitability standard on steroids, requiring an analysis like those done by a financial planner.
The funds are more flexible than annuities, but can't guarantee a set payment for life.
Longevity, rising costs make preparing a solid health-care budget next to impossible. <b>(Related read: <a href="//www.investmentnews.com/article/20160413/BLOG05/160419958/health-care-costs-squeeze-retirement-savings"" target=""_blank"" rel="noopener">Health-care costs squeeze retirement savings</a>)</b>
The Labor Department, however, offered a rebuke to the recommendations, saying they would erode consumer protections.
Life insurance remains the last, largest, most-neglected asset on clients' balance sheets.
It's essential to be familiar with the many varieties of Medicare enrollment periods so your clients can make the best choices.
The largest LTC insurer is offering a medically underwritten single premium immediate annuity as an alternative for older Americans.
Advisers should take these factors into account when incorporating long-term-care insurance into a client's financial plan.
Sales are estimated to fall to $40 billion next year, a level not seen since 2013. The drop would put an end to the products' nearly decade-long surge in growth.
One attorney called the lawsuit an "attack" on the investment-management structure within variable annuities.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
Mainstream media is educating clients, prospects, advisers and centers of influence about the undesirable consequences of an unmanaged life insurance policy.
But policy buyers on Healthcare.gov may be out of luck.
Finra says the firm failed to detect and prevent theft of approximately $1.3 million from an 89-year-old man's account.
The largest U.S. life insurer plans to cut expenses by about $1 billion as low interest rates squeeze investment income.
The settlement was part of a broader crackdown by regulators in five states on insurers who allegedly failed to make death benefit payouts on a timely basis.
