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  Mobile version   RSS   Subscribe   Unsubscribe Dec. 30, 2011

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As 2011 comes to a close, SFSP would like to wish its members, partners and other industry professionals a safe and happy holiday season. As we reflect on the past year for the industry, we would like to provide the readers of the FSP NewsBrief a look at the most accessed articles from the year. Our regular publication will resume Jan. 6.

Insurers, investors fight over death bets
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
July 15, 2011 issue: After Esther Adler died in 2009, the insurer that was on the hook to pay a $5 million death benefit discovered she wasn't all she had appeared. Instead of the $12 million estate listed in her application, the insurer alleged in a federal-court civil suit, Adler had assets of less than $100,000, relied on Social Security checks for income and had sought help from a program that helps pay for medicine. More



Dispelling the top 12 myths about life insurance
DailyFinance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sept. 9, 2011 issue: There's something about life insurance that just freaks some people out. For one thing, it forces them to confront the notion of dying. For another, it demands they think about tomorrow when they don't know what to do about today. So instead, they stick their heads in the sand. It's not surprising then, that according to the Life and Health Insurance Foundation for Education, 40 percent of adults in the U.S. have no life insurance. More

More Americans forsaking life insurance coverage
The Christian Science Monitor via Pittsburgh Tribune-Review    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Feb. 25, 2011 issue: It's enough to make an insurance agent tremble: Millions of cash-strapped Americans are saving money by going without life insurance. Insurance salespeople have sounded the alarm, warning that penny-wise and pound-foolish habits could leave loved ones devastated if a death occurs. Financial advisors agree that many Americans probably should have at least a little life insurance. But experts urge people who are pressed for cash to keep in mind the ultimate goal: limiting risk for survivors. Life insurance isn't the only way to accomplish that goal. More

9 things the SEC is requesting from advisors on social media
InvestmentNews    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Feb. 18, 2011 issue: The SEC recently began a "sweep" of investment advisory firms to gather information about their use of social media. Below is an excerpt of the letter sent to advisors by the SEC that outlines the specific requests the agency has in its fact-finding mission. More

FSP Members Offered 30-Day Free Look at LISI
Leimberg Information Services, Inc., the email subscription service that provides financial service professionals with analysis and commentary on tax legislation, regulation, cases and rulings, is offering a free look for 30 days. This offer is available exclusively to FSP members, without cost or obligation. Included are eight newsletters in financial service areas, access to a database of commentary, a Podcast library and more. For details, visit LISI.


Ranks of advisors thin out for 1st time in a decade
InvestmentNews    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sept. 2, 2011 issue: The number of investment advisors registered with the SEC has fallen for the first time in 10 years, while the assets they manage have increased sharply, according to a report released. The 2011 Evolution Revolution report cited two possible explanations for the drop in the number of registered investment advisors. More

The multibillion-dollar leak
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Oct. 14, 2011 issue: Bankers, lobbyists and lawmakers from Wall Street to Washington scrambled to dissect, analyze and react to a leaked proposal for one of the most controversial elements of the Dodd-Frank financial-overhaul law: the Volcker rule. Billions of dollars are at stake for big banks, which have been working for months to shape the rule aimed at curbing risky trading activities that played a part in the financial crisis. The latest frenzy erupted Oct. 5, 2011, when a website posted a 205-page draft of a memo, dated Sept. 30, 2011, that laid out critical elements of the proposed Volcker rule. More

Social Security disability payments may cease in 2017
DailyFinance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Aug. 26, 2011 issue: The Congressional Budget Office has come out with a new analysis that says the ability of the Social Security disability fund to make payments may end in 2017. The estimates depend, of course, to some extent on the economy. The CBO's 2011 Long-Term Projections for Social Security reports that "as more members of the baby-boom generation enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall in the Disability Insurance fund will begin to grow around 2017. More

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Steve Jobs appears to have protected his estate with living trusts
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Oct. 21, 2011 issue: Soon after the tragic news broke of the passing of Steve Jobs, Apple co-founder and innovator extraordinaire, people began wondering what would become of his fortune. Forbes recently estimated Jobs' wealth at $7 billion. Usually people with that much wealth do the proper estate planning, including using living trusts, charitable bequests and more. Not only does this keep their affairs private, it can help minimize estate taxes. More

Are the new Dodd-Frank regulations good for the insurance business?
Registered Rep    Share    Share on FacebookTwitterShare on LinkedinE-mail article
July 29, 2011 issue: Almost a year after the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed, advisors are still unclear about how the provisions in it will affect the financial industry. Many advisors agree that, while some previously overlooked areas of the industry are now rightly being scrutinized, certain consumer protection provisions within the act would unnecessarily allow government agencies to overreach their authority and over-regulate parts of the industry. One area that the act addresses is the insurance industry, already one of the most heavily regulated sectors in the financial world. More

Economy forcing new relationship among insurers, agents and brokers
IFAwebnews.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
March 25, 2011 issue: Insurance agents' relationships with insurers may change as insurers face multiple challenges in maintaining growth in a "slowly recovering" economy, a new report says. Insurers must meet the needs of more price-and service-conscious consumers, the impact of health reform, enhance enterprise risk management capabilities, re-evaluate distribution strategies, work in an increasingly virtual world and use technology in their operations, according to the report. More
 

 
FSP NewsBrief
Colby Horton, vice president of publishing, 469.420.2601   Download media kit
Bianca Gibson, senior content editor, 469.420.2611   
Disclaimer: The articles that appear in FSP NewsBrief are chosen from a variety of sources to reflect topics of interest to FSP members and other financial service practitioners. The inclusion of an article or advertisement in FSP NewsBrief does not imply that the Society of FSP endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication. FSP NewsBrief articles may be protected by copyright and should not be reproduced without express permission of the copyright holder.

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