A low interest rate policy, while necessary in a crisis, acts as a tax on the average person and plants the seed for the next credit crisis, according to two NBER Working Papers published in July.
Crossing the retirement "red zone" might be compared to a fire-walk. But here are three advisors who are guiding clients (and their portfolios) from age 55 to age 65 with barely even a hot-foot.
Allianz Life, Genworth Financial, John Hancock Life, and MetLife have all introduced new variable annuity contracts. Of the four new entries, John Hancock's stands out as the simplest and cheapest.
In a new lawsuit, California's state pension fund blames the 'issuer pay system' at the top three rating agencies for part of its investment losses last year.
Steve Zaleznick sells insurance direct to the elderly online. But can his call center reps offer more than piecemeal planning?
The steep yield curve enabled fixed annuities to outperform CDs, and drove fixed annuity sales to a new record in the second quarter.
The new site is a renaming of and enhancement of Summit's three-year-old site for advisors, AdvisorOne.com.
The firm's individual annuity sales boomed in the second quarter, thanks in part to a wave of exchanges of variable annuity contracts from financially weaker insurers.
To compete, "advisors must introduce high-end, high-impact communications tools,” said David Macchia of Wealth2k.
The U.S. unit of the Canadian insurer has also hired the ad agency that created Geico's Gekko and Caveman campaigns.
The firm said its real-time portfolio statistics could help insurers preserve GLB features in their products.