Wrap Contracts Coming Back Strong Among Insurers

                New York Life found that despite low interest rates, 50 percent of retirement-plan participants use stable value products, which are classified as principal preservation investment solutions. “Since the financial crisis of 2008, on average more than 20 percent of retirement assets have been invested in stable value investments and half of all participants across New York Life's retirement platform have some...

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Vakuutusasiamiesten peritään 100 miljoonan dollarin petosten järjestelmässä

                   The Manhattan United States Attorney and the Federal Bureau of Investigation have charged three insurance agents with a $ 100 million fraud scheme involving stranger-owned life insurance or STOLI.Typically, people buying a life insurance policy have some relationship to the person being insured. In contrast, with STOLI arrangements, a policy is bought with the intent to resell it to a third-party...

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Too Strapped for Cash, Many Consumers also Lack Longevity, Life Insurance

                   With age comes wisdom supposedly, but even as more Americans are living longer they are not financially prepared for their retirement years and also lack life insurance.According to the Centers for Disease Control (CDC), the average life expectancy has increased to American's 75.7 years for men and 85.7 years for women. Of those age 65 and coupled, there is a better-than-even chance of one...

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Long-term care insurance: The long and short of it

                According to AARP, being incapacitated can get very expensive. The Washington, DC-based organization reports a private room in a nursing home costs about $74,000 a year, and a home health aide an average of $18 an hour.   You say you could not begin to afford those costs? If you're in your 50s today, imagine how high those expenses may be 25 years in the future. Little wonder that older Americans are investing in long-term care insurance. Nursing...

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