Articles
Guidance, bulletin or reg? NAIC debates form of annuity illustration update
The Life Insurance and Annuities Illustrations Working Group is leaning toward a model bulletin to quickly address problems with annuity illustrations, while it works on revisions to Model Regulation 245. On the fourth of four calls Tuesday, the group tentatively endorsed the strategy as a short-term fix. A fifth call is scheduled for Sept. 15 […]
Life insurance sales rise across all product lines in Q2, Wink reports
Life insurance sales topped $3.1 billion in the first quarter, Wink, Inc. reported, up 6.5% compared to the previous quarter and up 6.4% compared to the same period last year. All life sales include fixed universal life (UL), indexed UL, variable UL, indexed whole life, whole life, and term life product sales. Noteworthy highlights for […]
No Surprises Act arbitration costs reach $22.4 billion as disputes surge
A payment dispute system created under the No Surprises Act has generated an estimated $22.4 billion in costs since 2022, according to a new Georgetown University study. The study focuses on the law’s independent dispute resolution, or IDR, process, which was created to settle payment disputes between health insurers and out-of-network providers while protecting patients […]
Help child-free clients plan for their later years
The number of child-free couples in the U.S. is increasing rapidly, creating a niche market for financial planners interested in helping them set and achieve their financial-planning goals. Here is how two financial professionals are meeting the unique financial-planning needs of this growing market. Defining child-free financial planning Child-free financial planning is about building a […]