Magic Johnson Enterprises acquires EquiTrust Life

LOS ANGELES – Magic Johnson Enterprises (MJE), the urban-focused conglomerate founded by NBA legend and two-time Hall of Famer Earvin “Magic” Johnson, on June...

Resources being rolled out to help with partial Fiduciary Rule compliance

With the DOL Fiduciary Rule now partially in effect, an increasing number of new tools are being introduced to help advisors and insurance agents comply in the new environment.

2014 indexed annuity sales break previous record by 21%

PLEASANT HILL, Iowa – Total 2014 fourth quarter indexed annuity sales came in at $11.9 billion, up 4% when compared to the previous quarter...

FINRA Chair: Even if Trump repeals Fiduciary Rule, it has already reshaped industry

As industry associations including NAFA and IRI scramble to push for further delay of the scheduled June 9 initial implementation, FINRA Chairman Jack Brennan this week said whether or not the rule becomes law is now almost beside the point.

NAFA searching for new leader to tackle long-term goals

Chip Anderson will be stepping down after three years as fixed annuity association hopes to have a new Executive Director on board in time for its mid-June leadership conference. NAFA is also urging financial professionals to tell Congress to pass the Retirement Enhancement and Savings Act (RESA) before the upcoming budget deadline of March 23.

IRI Vision 2016 roundup: 1 in 4 private sector workers has a defined benefit...

The Insured Retirement Institute (IRI) released a new research report at its “VISION: IRI Annual Meeting 2016” in Colorado Springs on Sept. 26 that...

Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast...

While 2017 annuity sales totals are still tracking toward a decline, the Institute has revised its 2018 forecast and now predicts a 5% increase of overall annuity sales next year.

Genworth suspends LTCI, annuity sales through BGA channel

Company has temporarily suspended sales of individual long-term care insurance and income Assurance Annuity products through the brokerage general agency channel in all states, effective as of Monday, March 11.

Latest FIO report chock full of industry data and analysis

Seventh annual Dodd-Frank-mandated report shows U.S. still the world’s largest insurance market; provides a detailed analysis of the current state of the overall market.

DOL aims for initial 60-day delay in fiduciary rule effective date

It looks like a two-month delay – initially at least – instead of a six-month delay for the applicability date of the Department of...