Finke: Is Cash Value Life Insurance Disappearing?
Close examination reveals complexity—and opportunity—in life insurance buying trends.
Ask the Advisor: Long-Term Care Advice
Retirement planner Susan John, founder and president of Financial Focus Inc., discusses the LTC market and how advisors can best help their clients understand it.
Medicaid Privatization Begins in Florida, Likely to Grow Nationally
Federal officials gave final approval last June to Florida's Medicaid managed care program, which will move nearly 3 million recipients into private HMOs by the beginning of 2014. Florida's legislature first passed the initiative in 2011, with proponents arguing that Medicaid's normal fee-for-service system leads to inefficient resource allocation and...
LTC Financing in Crisis, Commission Says
One long-term care expert calls the group's recommendations "Band-Aids," while another says they are a "step in the right direction."
Big Questions Lurk in LTC’s Future
LTC specialists are at odds over what recommendations they believe the Long-Term Care Commission will submit to Congress on Thursday.
SEC Enforcement: Scheme Loots IRAs to Fund Bounty Hunter TV Show, Bridal Shop
The SEC halted a Ponzi scheme targeting IRA funds, issued a stop order against the IPO of an L.A. company and reported an arrest in Spain in the "London Whale" case.
Go Social, Stay Compliant: 3 Tips for Advisors
Far from fearing social media, advisors should embrace it if they want to attract younger HNW clients. Here are three essential tips for staying compliant while being social.
Median Retirement Balance Is $3,000 for All Working-Age Households
For households near retirement, the news is worse – the median balance is just $12,000, according to a research report from The National Institute for Retirement Security.
In Medicaid Planning, Don’t Surrender Life Insurance—Trade It for LTC Instead
Your clients who are nearing retirement age might often wonder why they bother maintaining the life insurance policies they’ve funded for years. But under some recent state proposals, owning a life insurance policy can actually help clients in LTC planning.
The Value of Variable Life Insurance: Surrender Charges and Fair Market Value
According to the IRS, the policy value equals the cash value of the policy without regard to any surrender charges. So what do your clients have to include in income if the actual cash surrender value of their life insurance policy is negative?