SEC Tentatively OKs Fiduciary Proposal

By Nick ThorntonBenefitsPro – April 19, 2018

Fiduciary Duty written on piece of paperThe Securities and Exchange Commission voted to release a three-pronged proposed rule for public comment that could change the standard of conduct broker-dealers and annuity sellers owe retail investors; that would require new client disclosures for all investment providers; and that might reinterpret the requirements of fiduciary advice. The public will have 90 days to comment after the proposal is published in the Federal Register this week.

The SEC’s actions are similar to but separate from the DOL’s Fiduciary Rule; while the SEC commissioners did not directly mention the failed Department of Labor fiduciary rulemaking effort – which would have gone even further to tamp down on investment industry conflicts of interest than the emerging SEC proposal – they did speak about the importance of alleviating investor confusion about the differences between “advisers” and “brokers,” and about who is a fiduciary in what circumstances.

Click to continue to article… 

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

CBO: Medicare Spending Will Top $1.2T

By Evan Sweeny – FierceHealthCare – April 18, 2018

Medicare Concept Starting next year, annual Medicare spending is expected to grow by an average of 7% over the next decade, exceeding $1.2 trillion by 2028, according to the Congressional Budget Office. Healthcare costs overall are projected to grow faster than the economy, and spending per enrollee in federal health programs is expected to grow more rapidly in the coming years. Medicare costs account for about half of the outlays for major healthcare programs in 2018, but that proportion is expected to grow to two-thirds by 2028, according to the CBO.

Click to continue to article… Based on Report

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Single Retirees and Annuity Protection

Annuity ownership leads to greater confidence in retirement outcomes

By LIMRA – April 13, 2018

sign saying preparation today leads to success tomorrowA LIMRA study found single retirees who own an annuity are more likely to believe they can achieve their desired lifestyle in retirement and their savings will last if they live to be 90. The study also shows single retirees who own an annuity are less likely to withdraw too much from their savings.

Annuities Up Confidence for Single Retirees

single retirees chart for men and women

The study finds only 64% of single retirees feel confident they’ll be able to live the lifestyle they want in retirement, compared to 71% of married retirees, and 4 in 10 single retirees believe their savings won’t be enough if they live to age 90. Indeed, close to half of single women fear their savings won’t last to 90.

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Social Media Critical to Life Insurance Sales

Can they find you? Can they ‘see’ you? Establish a presence

By LIMRA – April 11, 2018

Social Media Concept of people standing in a circle holding cell phones in their hands outsideWhen it comes to purchasing life insurance, consumers are engaging online and through social media platforms as a way to evaluate financial products and financial professionals. A new study, conducted by Life Happens and LIMRA, highlights that social media is a critical marketing tool for agents to be successful. More than half of Millennials (54%) and 44% of Gen Xers are likely to check an agent’s social media presence on sites such as Facebook, Twitter and LinkedIn – a clear signal that a social media presence is a ‘must-have,’ just like a website or an email address.

Social Media Vital to reaching All Consumerssocial media reaching chart

87% of consumers said that during the purchase process, they use the Internet to research life insurance, regardless of how they purchase their policy.

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Med Supp Premium Scorecard: April

By Kristin Steenson – CSG Actuarial – April 2, 2018

Supplemental Insurance

The CSG Actuarial Premium Rate Scorecard provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households and ZIP Codes, based on actual Medigap quotes.

Based on these demographics, completed in March 2018, the 25 most competitive Medicare Supplement companies – for all plans combined, as of April 1, 2018 – are:

 

CSG Actuarial Premium Rate Scorecard

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.