The financial crisis has left many people inclined to keep their money in cash investments – even if they don’t think they’ll need it for more than 10 years. This can put pre-retirees off track toward their saving goals. Instead of the mattress, advisors say clients should at least check into a low-cost fund or their IRA.
Life insurers volunteered to give consumers facing COVID-19 financial hardship 90 days to pay their bills.
The draft interpretations could affect mortgage loans and premium grace periods.
China Oceanwide is now working on finalizing the rest of its financing plan, Genworth says.
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