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Thursday April 24th 2014

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‘Industry Updates’ Archives

Global Atlantic Financial Group Agrees to Acquire Forethought Financial Group

Global Atlantic Financial Group Agrees to Acquire Forethought Financial Group

Global Atlantic Financial Group (Global Atlantic), a multiline insurance and reinsurance company, today announced that it has entered into a definitive agreement to acquire Houston-based Forethought Financial Group, Inc. (Forethought), a financial services company with life insurance and annuity operations throughout the US. Forethought will [...]

Ascensus Enters into Agreement to Acquire 529 Plan

Ascensus Enters into Agreement to Acquire 529 Plan

Ascensus, the nation's largest independent retirement plan services provider, and Sallie Mae (NASDAQ: SLM), today announced they have entered into a definitive agreement for Ascensus to acquire Sallie Mae's 529 college savings plan administrator, Upromise Investments, pending regulatory approval. "This acquisition expands our recordkeeping [...]

Boomers Redefining Retirement Care Expectations

Boomers Redefining Retirement Care Expectations

A majority of our country's middle-income Boomers expect their retirement to be defined by greater mental stimulation, more physical activity and more personal satisfaction than the retirement of previous generations. However, they also anticipate their retirement to include less retiree health insurance from former employers (60%), less financial [...]

Insurance Commissioner Approves Certification for Covered California

Insurance Commissioner Approves Certification for Covered California

Covered California took another step forward when the state’s insurance commissioner approved an important license this week for agents working with the health exchange. Commissioner Dave Jones approved the exchange’s training and certification process that agents must complete to sell health insurance through the exchange. The license [...]

How Obamacare Could Help Retirement Planning

How Obamacare Could Help Retirement Planning

While it remains controversial, there are some practical, financial and retirement planning reasons to welcome the new health care law. Lack of available medical insurance was often a deal-breaker for anybody who wanted to retire before age 65, when Medicare kicks in. But it wasn't only preexisting conditions that forced people to work longer [...]

Annuities to Buy Now and Collect On Later, Maybe Much Later

Annuities to Buy Now and Collect On Later, Maybe Much Later

Annuities have a long rap sheet. They are expensive. They can tie up investors’ money. They can shackle buyers to current interest rates. They are confusing. And maybe a little boring. But many investors have become enamored lately with versions called deferred-income annuities, which seem to ease the concerns about cost and interest rates. [...]

Hybrid Insurance Policies Offer Long-Term Care Option

Hybrid Insurance Policies Offer Long-Term Care Option

As life expectancies continue to increase, no retirement plan is complete without some consideration of how the eventual need for nursing home care or other assistance might impact how long your retirement savings will last. Today, a 65-year-old man has a 30 percent chance of living to age 90, on average. For women, life expectancy is even longer. [...]

NUHW Sues California’s “Obamacare” Exchange

NUHW Sues California’s “Obamacare” Exchange

 The National Union of Healthcare Workers (NUHW) and five other plaintiffs filed suit in the Superior Court of Sacramento, California to block Kaiser Permanente from participating in California's Health Benefit Exchange due to its substandard care that violates the Exchange's rules. The California Department of Managed Health Care (DMHC) fined [...]

Life and Annuity Insurers Accelerate Pace of Change in Marketing and Distribution Strategies

Life and Annuity Insurers Accelerate Pace of Change in Marketing and Distribution Strategies

Life insurer consumer marketing and distribution strategies have been evolving rapidly, and the pace of change will accelerate as insurers continue their focus on high net worth individuals while gearing up to deal with a rapidly changing population and new technology, according to a new study by Conning. "In addition to the growing importance of [...]

Former NFL Player Among Those Charged in Life Insurance Scam

Former NFL Player Among Those Charged in Life Insurance Scam

A former National Football League defensive end and three others have been charged in a $50 million life insurance fraud scheme. Byron Frisch, 36, a Brigham Young University standout who played for the New York Giants, Tennessee Titans, Dallas Cowboys and San Francisco 49ers from 2000-2004, was arraigned in federal court in San Diego, Calif., for [...]

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