Archive for June 2013
Florida broadens annuity requirements to consumers of all ages
In the past, there were certain requirements that people over the age of 65 had to meet before they could qualify for annuities, but now, those mandates have been extended to consumers of all ages.
Read MoreAnnuity market undergoing many changes
Many companies are examining the ways in which they market and sell annuities these days because of decreasing consumer interest, in part due to low interest rates. It is for this reason that these companies may want to take a number of things into consideration when planning their next steps.
Read MoreAll types of life insurance saw increased premiums in first quarter
With confidence in the economy improving, the demand for certain types of life insurance has increased. With the economy steadily improving, but interest rates remaining relatively low, the demand for indexed and variable Universal (UL) products is increasing. This has led to an overall increase in premium growth in the first quarter of 2013.
Read MoreGAO says rollout of ACA exchanges has been difficult, slow
The ways in which the federal government is set to introduce and implement the health insurance exchanges put in place by the Affordable Care Act has come under significant scrutiny in recent months as the deadline for enrollment to begin approaches. Now, a nonpartisan government agency indicates these problems may be very troubling to properly giving consumers and companies alike access to the marketplaces.
Read MoreFewer workers being covered by employers' health insurance plans
While federal efforts to increase enrollment in health insurance plans offered by employers are to be implemented in the coming year, it appears that these efforts are mainly just making up ground that was lost in the previous decade or so.
Read MoreTexas moving toward new life settlements rule change
The state of Texas may soon allow its residents to use life settlement transactions to help cover the cost of services related to long-term care, within certain parameters.
Read MoreSmall businesses relying on better benefits to attract, keep workers
There are a number of economic factors weighing on small business owners these days, and these could have major impacts on their abilities to hire top workers in their field. However, despite these potential issues, more are now concentrating on providing higher-quality benefits as a means of drawing in these applicants for open positions, and keeping those already working for them in the fold.
Read MoreThe average age of people purchasing long-term care insurance policies is dropping
With many consumers more concerned about their finances than past generations, a larger number are securing insurance policies designed to help keep their costs low in the event they require long-term care at some point.
Read MoreAnnuity sales tumble in first quarter
Even as the economy continues to improve, it may be slightly more difficult for companies which issue annuities to make their products attractive to workers of all ages.
Read MoreFederal agencies clarify rules for employee wellness programs
In recent years, a large and growing number of companies nationwide have determined that they may be able to reduce their employee healthcare costs by instituting wellness programs designed to get workers healthier. Now, new regulations for how these initiatives can be run have been released by a number of federal agencies.
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