Author: N C
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NAIC Delayed Accelerated Underwriting Decision
Surprising? NAIC delayed Accelerated Underwriting decision on definitions. We previously reported on the NAIC’s move to define Accelerated Underwriting and it seems that regulators won the day. The new deadline […]
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Practice Management: Client Endorsements
Here’s a new idea in practice management: Client Endorsements. An amendment of the Investment Advisers Act of 1940 now allows financial advisors to include testimonials in their marketing material. If […]
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Secure Act 2.0 Need to Know
Secure Act 2.0 passed May 5 here’s what you need to know: Secure Act 2.0 includes: A new required mininum distribution age of 75 Automatic employee enrollments Increased tax incentives […]
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Do You Need Confidence?
Do you need confidence for a successful practice? According to this article from MDRT coach Sandy Schussel, confidence will come as a result of taking action. Schussel suggests going from […]
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Insurance Risk of Long-Term COVID-19
Carriers are just starting to realize the insurance risk of long-term COVID-19. According to Insurance News the results of a recent study by Nature of nearly 5 million patients, COVID […]
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Advisors Doing Social Media Right
Are you among the group of advisors doing social media right? According to Financial Advisor social media is key to growing your client base and building credibility. In fact, “Almost […]
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Insurance Industry Unemployment Rate Climbs
Insurance industry unemployment rate climbs but remains below the national rate. After a tough pandemic year, insurers are hoping to fill lost jobs and continue a strong recovery. According to […]
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Generation X Potential Annuity Customers
Have you considered Generation X as potential annuity customers? Recent research by the Alliance for Lifetime Income found that Gen X (ages 40-55) are interested in Annuities in the absence […]
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NAIC Work Group to Better Regulate Index-Linked Annuities
The National Association of Insurance Commissioners has created a task force for index-linked annuity products. RILA’s are very popular now, so regulators have stepped in for consumer protection purposes. According […]
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Retirement Traps for Overseas Clients
If you’ve got clients who intend to retire abroad, check out these potential retirement traps covered in the latest MDRT annual meeting. Potential pitfalls include: Different tax rules and arrangements […]