People love stories. Whether we are sitting around a fire, reading a book, or watching a video, stories make us feel part of something bigger. They resonate on a deep, human level.
Employers have adopted HSA-eligible health plans as a way to manage the cost of providing health benefits to workers and their families. HSA-eligible health plans are expected to make health plan members more cost conscious because they are paying more out of pocket than in traditional health plans.
Today the U.S. House of Representatives sent a message with its approval of a bill that reforms retirement policy affecting working Americans. “It’s exciting that retirement policy has garnered bipartisan support from Reps. Richard Neal, D-Mass., chairman of the Ways & Means Committee, and Kevin Brady, R-Texas, the committee’s ranking member, who understand the importance of helping American workers save for retirement. ”
As the summer vacation season kicks into high gear, a new Korn Ferry (NYSE:KFY) survey shows that disconnecting from the office to enjoy time with friends and family is a tall order for most professionals.
Level of Financial Confidence Among Adult Children May Stem from Their Parents’ Approach to Retirement Planning
A new survey from TIAA finds Americans who lack confidence in their parents’ financial security in retirement (27 percent) are twice as likely to lack confidence in their own retirement as those who are confident in their parents’ (72 percent versus 36 percent).
U.S. single premium pension buy-out product sales surpassed $4.7 billion in the first quarter 2019, an increase of 240%, compared with first quarter 2018 results. This is the highest first-quarter sales total in over 30 years, according to the LIMRA Secure Retirement Institute (LIMRA SRI) quarterly U.S. Group Annuity Risk Transfer Survey.
Life/Health Insurers Daunted by Financial Accounting Standards Board’s Long-Duration Contract Changes
Changes to the Financial Accounting Standards Board (FASB) requirements for insurance companies to report GAAP financials for long-duration contracts could become costly for companies transitioning to the new accounting standards and could create earnings and reserving volatility, according to a new AM Best commentary.
Millions of Americans with employer health coverage are spending large shares of their income on health care costs, according to a new Commonwealth Fund report. The analysis looks at what people in every state report spending on premiums and out-of-pocket costs for medications, copays, and dental and vision care.
Unless you’ve designed your financial advisory business around specific niche markets, you know opportunity comes from any number of different population segments.
First quarter 2019 fixed annuity sales were $38 billion, a 38% increase compared with first quarter 2018, according to LIMRA Secure Retirement Institute’s (LIMRA SRI) First Quarter 2019 U.S. Retail Annuity Sales Survey. Fixed sales have outperformed variable annuity (VA) sales in 11 of the last 13 quarters and they represent 63% of overall annuity sales.