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Insurers, investors fight over death bets The Wall Street Journal Share    
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
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
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
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
Ranks of advisors thin out for 1st time in a decade InvestmentNews Share
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
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
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
Steve Jobs appears to have protected his estate with living trusts Forbes Share
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
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
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 |
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