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[Editor’s note: A recent blog entry at www.SeniorMarketAdvisor.com elicited a great debate regarding the SEC’s controversial new proposal. Here’s a sampling of emailed comments: visit our Web site for the full discussion.]
AFTER...
Seniors Speak Out
We’ve worked with both. To tell you the truth, sometimes it comes down to the person you deal with. I admit I might like some of the bells and whistles or offerings you hear from one or the other, but at the end of the day you have to find a...
I'm a retired engineer and the way my brain works, I want to know how something works. Obviously, I want a product that fits my needs, but I have to know the nuts and bolts of it to know if it's something I want to buy....
Vitals
The ING Institute for Retirement Research announced it has added eight board members from the academic field and the retirement industry to bolster its mission of examining the new retirement dynamics. The new board members are:
Dr. David...
Fewer than 10 percent of closely held businesses, usually small companies, pass on to a third generation and only 30 percent even pass on to a second generation, according to Sun Life Financial. When one considers that 90 percent of U.S. businesses...
A long term care insurance policy that provides benefits for three years or longer, offering approximately $115,000 in current benefits and a compound inflation option that increases benefits by 5 percent each year. What would such a policy cost?...
Conventional wisdom says human beings gain in knowledge and experience as they grow older, and that holds true for many of life’s challenges. But when it comes to at least one facet of aging, adults are lacking in one area of awareness: long...
Annualized life insurance premiums grew by 1 percent in the first quarter of 2008, according to LIMRA International, but the small uptick belied the overall numbers. Universal life was the only product to produce more new premium in the first three...
“Despite their desire for a significantly better retirement lifestyle, most boomers are not following their parents’ example of financial discipline and are not taking the necessary steps to achieve their own lofty retirement...
A Nationwide study has found that 57 percent of current retirees are living on Social Security and company pensions alone, leaving retirement savings untouched for fear of running out of money. Of those who said they live solely on pensions and...
New Products
In states with Long Term Care Partnership Programs, LTCI policyholders are able to protect more of their assets under states’ Medicaid spend-down requirement. It’s an advantage to consumers and a boon to LTCI specialists in states with...
Choice is something Americans have come to expect, whether it’s at the ice cream shop or at their financial advisor’s office. New York Life Insurance and Annuity Corp. has an annuity feature that will give advisors the chance to let...
Allianz Life Insurance Co. of North America has introduced a fixed index deferred annuity that delivers positive indexed interest whether the market during the crediting period was up or down. The Allianz Summit II annuity uses a five-year...
Red Flag Reminder
Are you providing clients with published information about investing that you didn’t actually write? Then watch out. FINRA has just released a regulatory notice warning member firms of their obligation to supervise representative use of...