INSURANCE

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Drug And Alcohol Abuse Is Slowing Labor Force Recovery, Fed Finds

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Substance abuse has played a significant role in reduced labor-force participation, a Fed report said.

Whistle-Blowers Say Health Insurers Are Scamming Medicare To Make Billions

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A lawsuit alleges insurers are inflating how sick their members appear to be.

Covid Could Be Surging In The U.S. Right Now And We Might Not Even Know It

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People are increasingly relying on at-home rapid tests if they decide to test at all.

How To Fix A Common Client Problem: Too Little Insurance Protection

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You don't have to sell policies to help clients avoid life insurance disasters.

New Bill Would Allow 401(k)s To Use Annuities As Default Investment

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The bipartisan proposal would allow plan participants to devote up to 50% of their assets to annuities.

Covid's Effect On Long-Term-Care Insurance

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Underwriting standards appear to be getting tougher.

Never Had Covid? You May Hold Key To Beating The Virus

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Studying those who have not yet caught Covid has become just as critical as studying those who have.

AIG Says BlackRock Will Manage Up To $150 Billion Of Its Assets

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The insurer is preparing to split off its life and retirement unit.

Wade Pfau Contrasts Annuities Vs. Total Return Income Strategies

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A client's attitude toward assets will determine the best retirement income plan, the retirement specialist said.

Moderna Sees 1-In-5 Odds of Dangerous Future Covid Variant

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The more likely scenario is that vulnerable people will need annual boosters for strains that are similar to Omicron, he said.

How Clients Can Ease The Sting Of Medicare's IRMAA Fee

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Medicare recipients can even see their fees rise for selling a home or Roth conversions, advisors warn.

U.S. 2021 Life Insurance Sales Growth Highest Since 1983

by FA Staff

Limra said the Covid crisis has spurred more Americans to seek life insurance coverage.

B-Ds Advised To Consider Monitoring Riskier Rollover Investments

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Investment monitoring may in some cases be required under DOL fiduciary rule, compliance specialist Fred Reish said.

How Advisors Can Help Reposition HSAs This Tax Season

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Advisors should encourage clients to engage with their HSAs as long-term investment vehicles.

JPMorgan Lifts Ban On Hiring Unvaccinated, Eases Masking Policy

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JPMorgan will also end mandatory testing for employees who haven't been vaccinated.

U.S. Sewer Data Warns Of A New Bump In Covid Cases After Lull

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The greater New York City area is one of the places with signs of an increse.

Nearly Half Of Americans Living Paycheck To Paycheck, Survey Says

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Many families are still recovering from the financial blow caused by Covid, the survey said.

Former Allianz, BlackRock Execs Launch Retirement Income Platform

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Bonsai will offer a platform for financial professionals to help clients manage their assets, liabilities and financial goals.

Insurers Refuse To Pick Up Bill for Billions In Opioid Claims

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A Delaware Supreme Court ruling in January has emboldened insurers eager to avoid massive policy claims.

New IRS Proposed RMD Rules Complicate Inheritance Distributions

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Attempts by the IRS to clarify RMD issues in the wake of the SECURE Act create more confusion.

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