Moshe Milevsky on Annuity Market Reform
Moshe Milevsky is one of the leading figures in the...
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Insurance
A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
The Garrett Network's Fee-Only Approach Creates Natural Partnerships Between Clients and Financial Advisors
Sheryl Garrett is the founder of the Garrett Planning Network.
The Garrett Network consists of approximately 300 financial advisors who provide services on a fee-only basis and act as fiduciaries.
Read on to understand how and why the Garrett Network seeks to make objective, competent...
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NAIC Proposes More Stringent Rules for Annuity Sales
The National Association of Insurance Commissioners (NAIC) has proposed amendments to the regulatory framework that governs annuity sales. The NAIC Suitability in Annuity Transactions Model Regulation is the existing framework. The NAIC is proposing more stringent suitability guidelines for the sale of all types of annuities--including fixed annuities. The amendments would place insurance agents who sell fixed annuities under the same suitability guidelines that apply to financial advisors who...
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Life Settlement Sales by Seniors Have Doubled in Two Years
Life settlement sales made by seniors have doubled over the past two years to $11.8 billion. The financial crisis appears to have had an impact on sales as seniors are likely looking at all of their assets for sources of funds and liquidity . Experts do caution, however, that there are other ways to realize the value of a life insurance policy that do not involve loss of life insurance coverage: "If you're thinking about selling your life insurance mostly because you're strapped for cash, there...
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Sheryl Moore on Fixed Indexed Annuities and the SEC Proposed Rule 151A
The Securities and Exchange Commission’s (SEC) proposed Rule 151A would change the securities status of indexed annuities from fixed insurance products to registered, securities products.
The proposed rule would have a significant impact on their entire industry landscape. SEC 151A would affect the way in which insurance companies develop...
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