Strong Performances in Fixed Indexed, Fixed-Rate Deferred Annuities Drive...
With economic conditions continuing to be favorable for annuities, total sales increased 11% year-over-year to $89.4 billion in the third quarter 2023, according to preliminary results from LIMRA’s...
View ArticleEmployers Did Not Drop Health Benefits After ACA: EBRI Report
Despite predictions to the contrary, employers did not drop health benefits in large numbers after the ACA took effect, finds a new research report published Nov. 1 by the Employee Benefit Research...
View ArticleCMS Proposes Rule to Curb Medicare ‘Predatory Marketing, Inappropriate Steering’
On Nov. 6, the Biden-Harris Administration proposed what it called “important steps to strengthen Medicare Advantage and the Medicare Prescription Drug Benefit Program (Part D)” that would mean big...
View ArticleSEC Reports Second-Biggest FY Fine Total Ever
The Securities and Exchange Commission announced this week that it filed 784 total enforcement actions in fiscal year 2023, a 3% increase over fiscal year 2022, and obtained orders for $4.949 billion...
View ArticleFamily Health Insurance No Longer Affordable Through Small Employers: KFF
Small employers no longer have affordable health insurance coverage for workers with families, according to the recently released 25th annual KFF employer health benefit survey. Workers employed by...
View Article7 Million+ Sign Up for Coverage in ACA Marketplace Since Start of Open...
Nearly 7.3 million people have selected an Affordable Care Act (ACA) Health Insurance Marketplace plan since the 2024 Marketplace Open Enrollment Period (OEP) opened on November 1, according to data...
View ArticlePrivate Health Insurance Premiums Reach Record High for 2024
With Open Enrollment underway, a new ValuePenguin.com analysis released Dec. 19 has found that in 2024, Americans will spend a record $584 per month, or $7,008 per year on health insurance, if they...
View ArticleEnrollment in Individual Medical Plans Hits All-Time High: Mark Farrah...
Based on financial statements filed by insurers, Mark Farrah Associates reported Dec. 27 that enrollment in individual medical plans—both on and off the exchange—totaled approximately 20.4 million as...
View ArticleLIMRA and LOMA Look to Give Financial Services Companies an ‘Industry Advantage’
New microlearning program helps educate employees on life insurance, annuity and workplace benefits industry trends. LIMRA and LOMA today officially launched Industry Advantage, an enterprise-wide...
View ArticleU.S. Individual Life Payout Ratios Down Despite COVID-19 Mortality Concerns
Higher premiums and fewer death benefits have led to reduced payout ratios on individual life insurance policies since 2020, despite concerns about COVID-19 and elevated mortality in certain population...
View ArticleMassMutual Subsidiary Flourish Now Offering Annuities Via RIAs
MassMutual subsidiary Flourish, a platform that gives registered investment advisors access to financial products, on Jan. 17 unveiled Flourish Annuities, a new way for RIAs to consider fee-based...
View ArticleACA Marketplace Enrollment Tops 21 Million, Nearly 5 Million More than 2023
The Biden-Harris Administration announced this week that 21.3 million people selected an Affordable Care Act Health Insurance Marketplace plan during the 2024 Open Enrollment Period. Total plan...
View ArticleMDRT Study Sheds Light on Americans’ Employee Benefits Patchwork
According to a new Million Dollar Round Table (MDRT) study, 39.2% of U.S. workers say they will have employer-provided term life insurance in 2024, and 33% say they will have employer-provided...
View ArticleRoyal Neighbors Launches Final Expense Product
Rock Island, Ill.-based fraternal benefit society Royal Neighbors of America recently unveiled “Ensured Legacy Final Expense,” a suite of life insurance products with coverage customization options...
View ArticleF&G Annuities & Life Launches Its First Registered Index-Linked Annuity
Des Moines, Iowa-based provider of insurance solutions serving retail annuity and life customers and institutional clients F&G Annuities & Life, Inc., launched its first Registered Index-Linked...
View ArticleRetirable, eHealth Partner to Combine Retirement Planning, Tailored Medicare...
Retirable, a NYC-based retirement peace of mind platform, on Feb. 20 announced a strategic partnership with eHealth, a pioneer in health insurance solutions, to provide comprehensive support for...
View ArticleIntermediaries Expand Efforts to Recruit Women Financial Pros
A new study finds more than 4 in 10 intermediaries—brokerage general agencies (BGAs) and independent marketing organizations (IMOs)—already have or plan to establish programs to recruit more women...
View ArticleGuinness World Record Life Insurance Policy Issued in Hong Kong
There’s a new Guinness World Record for the most valuable life insurance policy ever sold, and it’s worth $250 million. Issued and fully underwritten by HSBC Life, global banking giant HSBC’s insurance...
View ArticleIndependent Distribution Leads to Record-High Annuity Sales
Propelled by $286.6 billion in fixed annuity sales, total U.S. annuity sales reached a record-high $385.4 billion in 2023, jumping 23% year over year, according to final results from LIMRA’s U.S....
View ArticleMedigap Market Projected to Top 17 Million by 2032
The number of individuals with Medigap insurance policies is projected to grow to over 17 million by 2032 according to data shared by the American Association for Medicare Supplement Insurance....
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