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November 1, 2012
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News covering the insurance and financial advising industry

  Top Story 
  • Financial advisers become more optimistic
    Financial advisers' confidence, as measured by Rydex AdvisorBenchmarking, increased modestly in October, reversing a three-month decline. However, State Street's Global Investor Confidence Index indicates that institutional investors were the most negative since the index launched in 1998. InvestmentNews (free registration) (10/30) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Poll: Financial advice leads to action for relatively few
    About half of Americans are concerned about their future finances, but only 1 in 3 consistently act on financial advice they're given, according to a TIAA-CREF report. People ages 18 to 34 expressed the greatest interest in receiving advice about their finances, while baby boomers said such advice is difficult to find. Only a third of those boomers said they consistently implement financial advice, according to TIAA-CREF. (10/30) LinkedInFacebookTwitterEmail this Story
  • New LTCI products are aimed at younger, healthier buyers
    The shakeup in the long-term-care insurance industry has resulted in products that are more responsive to buyers' needs, says Jesse Slome, executive director of the American Association for Long-Term Care Insurance. Among the changes being implemented are more affordable premiums and policies targeted to younger and healthier buyers. "New and improved policies that take a 'something' approach rather than an 'all-or-nothing' approach are very sufficient and, often, much, much cheaper," Slome said. Life Insurance Selling magazine (11/2012) LinkedInFacebookTwitterEmail this Story
  • Plan expands 529 tuition savings to private colleges
    There's a way to cap college costs, via a twist on 529 college-savings plans, Katy Hopkins writes. The Private College 529 plan allows users to lock in tuition at about 270 participating schools., the plan's informational site, provides the details, Hopkins writes. U.S. News & World Report (10/30) LinkedInFacebookTwitterEmail this Story
  • Other News
  Policy Watch 
  • PBGC chief: Keep pensions in place, but give options
    The Pension Benefit Guaranty Corp. is trying to preserve U.S. pensions, but is also promoting plans that are more flexible and achieve retirement security without a long-term employer obligation, PBGC Director Josh Gotbaum said. Gotbaum said his organization is working to simplify the PBGC premium formula, fix an electronic-filing problem that plagues actuaries and make other improvements. (10/30) LinkedInFacebookTwitterEmail this Story
  • Calif. health insurance exchange gains carriers' interest
    More than 30 insurance companies have signaled their interest in participating in California's health insurance exchange, including the state's four largest individual-market carriers. Officials of the exchange, Covered California, will choose plans for the state's 19 regions and negotiate rates before enrollment in October 2013. "We are working with [the exchange], and we want to emphasize that affordability matters most," said Patrick Johnston, CEO of the California Association of Health Plans. Los Angeles Times (tiered subscription model) (10/31) LinkedInFacebookTwitterEmail this Story
  • Survey looks at investment pros' thoughts on U.S. election
    Eighty percent of respondents to a CFA Institute survey said they think the outcome of the presidential election will affect the U.S. recovery, while 63% think the election will affect the global economic recovery. Half of respondents said the impact on the U.S. economic recovery will depend on who wins. Among members of the C-suite, 72% said the global economic recovery will be affected by the election. SmartBrief/SmartBlog on Finance (10/31) LinkedInFacebookTwitterEmail this Story
  Building Your Business 
  • How to market term life insurance to Generations X and Y
    Term life insurance is seen as a "go-to" product for many producers because it is simple to understand, writes Michelle Benz of Grange Life Insurance. Generations X and Y are among those that need more life insurance, according to LIMRA research. Ideas for marketing term life insurance to these groups include combinations of term and permanent products, as well as return-of-premium products, varying levels of term period plans and insurance offers at the workplace. National Underwriter Life & Health (10/31) LinkedInFacebookTwitterEmail this Story
  • Other News
  NAIFA News 
  • 5 things great leaders do
    Are you a great leader? How do you know? What would your staffers say? What would your own supervisor say? Get the rest on the Advisor Today blog. LinkedInFacebookTwitterEmail this Story
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Without deviation from the norm, progress is not possible."
--Frank Zappa,
American singer-songwriter

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