Reading this on a mobile device? Try our optimized mobile version here:

December 3, 2012
Sign upForwardArchiveAdvertise
News covering the insurance and financial advising industry

  Top Story 
  • State health exchanges run by feds may carry a fee for insurers
    A proposed regulation would require health insurance companies to pay 3.5% of their premiums to the federal government if they sell plans in states that have chosen not to run a health insurance exchange. "Any new fees to pay for the administration of exchanges will add to the cost of coverage, and that is why the focus needs to be on reducing administrative costs, streamlining operations, and avoiding regulatory duplication that will add complexity and increase costs," Robert Zirkelbach of America's Health Insurance Plans wrote in an e-mail. Bloomberg Businessweek (11/30) LinkedInFacebookTwitterEmail this Story
Quarterly Small Business Leadership Report
Three industry heavy weights dish up the facts on what you need to know about the future of collaboration, increasing productivity and readying the office for the millennial workforce. Read the guide.
  Industry News 
  • Variable annuities: Why they're a great fit for many
    Living benefits represent the main appeal of variable annuities, but clients should understand the other benefits of variable annuities, according to Eric Henderson. Values such as tax deferral, legacy planning and annuitization options are part of what make variable annuities such a great fit for a variety of clients, Henderson writes. National Underwriter Life & Health (11/28) LinkedInFacebookTwitterEmail this Story
  • Expert: Irrevocable life insurance trusts guard heirs from tax hit
    Assigning ownership of a life insurance policy to an irrevocable life insurance trust shields the proceeds from estate taxes by removing the policy from the holder's estate, Dan Beckerman writes. The strategy is effective for a client whose policy is aimed at providing for heirs rather than one who will need to access the policy's cash value, Beckerman writes. The move also is subject to a three-year "look-back period," a time when the policy will revert to the policyholder's name in the event of death, he writes. The Wall Street Journal/Wealth Manager blog (11/30) LinkedInFacebookTwitterEmail this Story
  • Survey: Generation Y leads in seeking investment advice
    Eighty-four percent of Generation Y is seeking financial advice, compared with 76% of all Americans, a Merrill Edge study says. Many of those born between 1979 and 1991 have entered the workforce at a time of economic turmoil. "They want to take action," said Alok Prasad, head of Merrill Edge. Reuters (11/29) LinkedInFacebookTwitterEmail this Story
  • Other News
  Investment Trends 
  • HSAs offer flexibility and tax advantages, expert says
    Health savings accounts offer some advantages over 401(k) plans, including the option to roll over funds at any time, says Kimberly Sexton of Total Benefit Communications. The funds also allow participants a range of investment options as well as death benefits and the ability to use tax-free proceeds for certain non-qualified medical expenses, Sexton says. "Health savings account contributions go in tax-free, grow tax-free and come out tax-free," she says. (11/30) LinkedInFacebookTwitterEmail this Story
  • Retirees seek to hedge on health care costs by remodeling homes
    Some seniors who want to avoid the average $3,200 monthly cost of an assisted-living facility are investing money now to make their homes more accommodating. Changes include grab bars in bathrooms, nonslip floors, and making electrical outlets and light switches more wheelchair accessible. "We avoided nursing homes for our parents, and we want it to be the same for our kids," said Richard Hayman, who is spending $110,000 to transform his Maryland home. Bloomberg Businessweek (11/29) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • NAIC advances a reserves system to help life insurers' returns
    The National Association of Insurance Commissioners has passed rules that would allow life insurers to calculate future reserves based on computer models through a "principles-based" system that the industry has sought for years. The change, which must be approved by legislators in about 40 states, would ease capital requirements, freeing up funds for other purposes, executives said. "This a significant and historic vote for the NAIC, moving forward on a substantive change in policy," said Thomas Sullivan of PricewaterhouseCoopers. The Wall Street Journal (12/2) LinkedInFacebookTwitterEmail this Story
  • Mich. decides against having a state-based exchange
    Michigan's House Health Policy Committee has ended consideration of a measure that would have established a state-run exchange for health insurance after the bill was voted down. Republican House Speaker Jase Bolger cited unanswered questions as a reason. Crain's Detroit Business (free registration) (11/30) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by NAIFA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Building Your Business 
  • How to help clients own their decisions
    Advisers must understand how clients think about money and guide them to better financial decisions, United Capital CEO Joe Duran says. The company offers practice tools meant to help advisers empower their clients. "They rent me, but they need to own their decisions," Duran says. (12/3) LinkedInFacebookTwitterEmail this Story

Interested in learning more about advertising with SmartBrief? Click here for detailed industry information and media kits. 

  NAIFA News 
  • Free NAIFA webinar: Social Security -- what your clients want and need to know
    With 80 million baby boomers eligible for Social Security retirement benefits in the next decade and many in their disability-prone years, it is inevitable that your clients will be addressing Social Security questions and concerns with you. In this webinar presented on from 2 to 3 p.m. Eastern time on Tuesday, Dec. 11, Social Security Public Affairs Specialist Vonda VanTil will explain the various programs administered by Social Security and the 2013 changes. Register now. LinkedInFacebookTwitterEmail this Story
Learn more about NAIFA ->  |  Advocacy  |  Membership  |  Member Benefits
Press Center  |  Advisor Today

Look at everything as though you were seeing it either for the first or last time."
--Betty Smith,
American author

LinkedInFacebookTwitterEmail this Story

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Associate Publisher:  Abiy Bekele 212-450-7919
A powerful website for SmartBrief readers including:
 Recent NAIFA SmartBrief Issues:   Lead Editor:  Charles Tomlinson
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2012 SmartBrief, Inc.® Legal Information