National Underwriter Life & Health Magazine June 25, 2007
Cover Story
Selecting A Fixed Index Annuity? Look Under The Hood
Fixed index annuities may have similar labels, but one size does not fit all. It's what is under the FIA hood that really counts--in particular, the interest crediting strategy.
Focus
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Limitations On Selling Annuities To Seniors Insults Seniors
Two concepts are in play today that almost seem incompatible.One is the growing trend to impose heightened "suitability" requirements before deferred annuities can be sold ...
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Many Ordinary Life Owners At Age 90 Still Have A Future
Ordinary life insurance policyholders who have reached age 90 and over surely are the insurance industry's heroes. Think of their loyalty and persistency. This article ...
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New Disclosure Documents Seen Aiding Annuity Purchasers
CEOs at major life insurance companies think that providing guaranteed income in retirement is important enough to give priority to a disclosure document project for ...
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Settling Premium-Financed Policies Can Be Thorny For Agents, Clients
As the life settlement industry continues to grow, agents are increasingly likely to come into contact with one of the subsets of life settlement transactions, ...
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Don't Assume Clients Are Too Rich Or Too Young To Buy LTC Coverage
"I am not in the long term care insurance market" is a refrain that I hear from a lot of producers in the financial planning ...
News
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GAO Says LTC Partnerships Won't Help Medicaid
State Long Term Care Insurance Partnership programs are not likely to save any money for Medicaid and may even increase state Medicaid spending slightly, a ...
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Annuity Assets Grew 1.2% In 1Q
Total deferred annuity assets grew 1.2% during the first quarter of 2007, reaching nearly $1.97 trillion, reports LIMRA International, Windsor, Conn.The figures come from a ...
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IRS Cautious On Tax Issues Regarding Principles-Based Reserving
Insurers and their tax experts are saying that a new principles-based reserving system that is being developed for life insurance products fits within current U.S. ...
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Bill Eases Travel Destination As A Life Underwriting Criterion
Use of travel destination as an underwriting criterion for life insurance would be severely restricted under a provision of legislation extending the Terrorism Risk Insurance ...
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Group Life In House TRIA Bill
Legislation introduced in the House last week that extends the Terrorism Risk Insurance Act for 10 years specifically includes coverage for group life insurance for ...
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1Q Variable Life Sales Climbed 9.8% Over Last Year
Variable life insurance sales with single premiums included at 10% for the 38 companies reporting in the VALUE survey for the 1st quarter of 2007 ...
Features
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House Panel Approves Bill Boosting College Aid
A committee in the House of Representatives has approved legislation aimed at helping families pay for their children's college education while cutting federal subsidies to ...
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Defragging Software Enhances System Performance Automatically
On a recent episode of "Law & Order: Criminal Intent," the good guys had captured the laptop computer of a very bad guy, but when ...
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Drill-Down For Proposing A 419 Plan Or Straight Life
Have you ever run into a competitor who proposed a Section 419 plan against you?In comparison to an ordinary life proposal, a Section 419 life ...
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Creating A 3-Dimensional Wealth Management Plan For Clients
When I go to meetings like the Million Dollar Round Table, everyone says that advisors need to upgrade their clientele by calling on the top ...
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High Court Weighs In On Pensions And Mergers
A merger agreement should not be considered as a form of termination for a retirement plan, and employers do not have a fiduciary obligation to ...
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Regulations For Distributions From Roth 401(k) Plans Finalized
The Treasury Department and the Internal Revenue Service recently issued final regulations relating to Roth 401(k) and Roth 403(b) accounts.These final regulations provide guidance on ...
Opinion
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Ignoring Redwoods
In San Francisco earlier this month, the tiff over entry into regulator-only meetings at the National Association of Insurance Commissioners heated up.A state legislator, Rep. ...
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Is Life Insurance Niche?
How can the industry's bulwark product--life insurance--ever be described as, or treated as, a niche product?To some industry professionals, that's like saying the product is ...
