• Families Are Paying Nearly Half of College Costs out of Pocket
    Families Are Paying Nearly Half of College Costs out of Pocket

    On Average, Families Spent Roughly $26,500 on College in 2017-18; Three-Quarters of College Funds Come from Sources Other Than Student Loans

    Family income and savings covered nearly half (47 percent) of all college expenses last year, according to “How America Pays for College 2018,” the national study from Sallie Mae — the nation’s saving, planning, and paying for college company — and Ipsos, an independent global market research company.
    read more
  • New Study: Positive Investor Sentiment Entering Midterm Elections
    New Study: Positive Investor Sentiment Entering Midterm Elections

    Young investors are most likely to believe the midterm elections will positively affect their portfolios

    E*TRADE Financial Corporation (NASDAQ:ETFC) today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Amid increasing trade barbs, geopolitical unrest, and a late-stage economy, results show investors are hopeful that the midterm elections will have a positive impact on their investments
    read more
  • Top of Mind for Insurance Leadership: New Business Models and Products in a New Digital Era of Insurance
    Top of Mind for Insurance Leadership: New Business Models and Products in a New Digital Era of Insurance

    Platform-based solutions enable innovation and speed to value in a rapidly changing insurance industry

    The digital era shift is realigning fundamental elements of business that require major adjustments from insurers in order for them to survive and thrive, according to a new thought leadership report released today by Majesco, a global provider of core insurance platform software and consulting services for insurance business transformation.
    read more
  • Study: U.S. Health Care Exacerbating Struggles of American With Serious Illness
    Study: U.S. Health Care Exacerbating Struggles of American With Serious Illness

    ...With many facing financial ruin

    Americans who become seriously ill don’t just struggle with their disease. Often, they feel confused and helpless (62%), face the risk of financial ruin (53%), and experience serious problems with their care (61%). Those are among the key findings of a new survey released today by the Commonwealth Fund, the Harvard T.H. Chan School of…
    read more
  • Allianz Life Introduces New Excess Return Indexes
    Allianz Life Introduces New Excess Return Indexes

    Innovative Allocation Options Help Address Concerns over Market Volatility

    To help offer clients the opportunity for a level of stability in rates and flexibility amid market volatility and changing short-term interest rates, Allianz Life Insurance Company of North America (Allianz Life®) has announced three new index allocation options for select life insurance and fixed index annuity (FIA) products: Bloomberg US Dynamic Balance II ER…
    read more
  • Guaranteed Income Across Annuity Products
    Guaranteed Income Across Annuity Products

    Withdrawal Guarantees Compete with Income Annuities

    Income annuities have been viewed as the most efficient form of income guarantee available to clients due to their product design. Savings annuities, however, often provide higher guaranteed income through withdrawal benefits with very different guarantee structures.
    read more
  • Planning Through The Generational Shifts
    Planning Through The Generational Shifts

    Millennial business owners focus on retirement more than Gen X or Baby Boomers

    Despite numerous stereotypes about Millennials, a new survey by Nationwide reveals they could be more prepared and supportive of planning for the future than Gen X or Baby Boomer business owners. 
    read more
  • All LTC Protection Is Not Created Equal
    All LTC Protection Is Not Created Equal

    Survey: Nearly 4 in 10 Americans 65+ haven't talked with others about preparing for possible need of long-term care

    Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven't had conversations with anyone about preparing for their possible need of long-term care (LTC). The proportion was similar to American adults overall, 38 percent of whom said they hadn't had such conversations.
    read more
  • Invesco and MassMutual Announce Strategic Combination of Invesco and OppenheimerFunds
    Invesco and MassMutual Announce Strategic Combination of Invesco and OppenheimerFunds

    Combined firm to be among the largest asset managers globally and in the US with $1.2 trillion AUM

    Invesco Ltd. (NYSE: IVZ) and Massachusetts Mutual Life Insurance Company (MassMutual) announced today that they have entered into a definitive agreement, whereby Invesco will acquire MassMutual asset management affiliate OppenheimerFunds, Inc.
    read more
  • Going Against the Grain to Retain Financial Advisers
    Going Against the Grain to Retain Financial Advisers

    How to keep promising people in an industry beset by alarming attrition

    by David R. LaBricciosa, CPA

    The numbers are disappointing, if not downright depressing. According to LIMRA’s Agent Production and Retention Study, the percentage of new financial advisers who actually stay in the industry has hovered in the low teens for the past three decades.
    read more