So, your health care commissions have or may plummet, some by as much as 70%. You could blame the Patient Protection and Affordable Care Act of 2010 (PPACA) – that would be easiest thing to do. But, peel back the onion one more level and you get to the real culprit: the health insurance companies. They [...]
There are three common scenarios that can arise in an estate plan in which an annuity can prove useful: 1. Providing for a longtime household employee. 2. Making a gift or bequest to an individual privately, when there are concerns about his or her ability to handle funds. 3. Managing the investment of a trust [...]
Word on the street is that there is a 50-50 chance of a recession in 2012. The instability of European markets (“PIIGS” Portugal, Italy, Ireland, Greece and Spain), the housing market bubble in China, and the interconnectedness of global financial markets, are prime concerns. According to a new study by Cogent Research and the Insured [...]
In a new online survey conducted by Allianz Life when asked to rate several factors related to creating a more secure retirement, the most popular answer was “having a guaranteed stream of income in retirement” (86 percent), says the Minnesota insurer. This was more important for those age 55 and up than for younger nonretirees, for females [...]
A.B. 689, which goes into effect on Jan. 1, 2012, mandates that California insurance agents verify that an annuity purchase is appropriate for a consumer based on age, income, financial objectives and other factors. Such suitability information shall be provided by the consumer. It further stipulates that an insurance producer must receive training from an [...]
