Life Planning Strategies
Life planning strategies, with ideas about how to use life insurance and related products to help people and businesses get things done.
N.Y. Issues More Subpoenas in RAA Probe
By Joyce HansonThe New York Attorney General's office has widened its investigation of retained asset accounts (RAAs) to include several more insurers, according to our sister publications from National Underwriter.
August 19, 2010
SEC and GAO Issue Reports Regarding Life SettlementsLargely overlooked in the wake of financial regulatory reform, on July 22 two government agencies released reports discussing the regulation of life insurance settlements.
August 16, 2010
Retained Asset Accounts Is Focus of Senator Shelby's September HearingNAIC working group releases consumer alert on the accounts.
August 09, 2010
NAIC to Investigate Insurers Over Deceased Veterans' BenefitsThe National Association of Insurance Commissioners will establish a working group "to examine a life insurance claims settlement practice involving the use of retained asset accounts." Of particular concern to the group is consumer disclosure.
August 06, 2010
AIG Posts $2.7 Billion Loss on Restructuring ChargesAmerican International Group reported a net loss of $2.7 billion for the second quarter of 2010, or $-3.96 per share, compared to net income of $1.8 billion, or $2.30 per share in the second quarter of 2009.
August 06, 2010
Allianz SE Loses Profits as PIMCO Helps Unit Double EarningsAllianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.
August 05, 2010
Sun Life Tops Estimates on Lower Net Income, Better MFS EarningsSun Life Financial (SLF) on Wednesday, August 5, reported net income of $213 million for the second quarter of 2010, compared with net income of $591 million in the same period last year.
August 05, 2010
Boomers: American Dream is Out of ReachOver two-thirds of boomers feel that financial security is the American dream, according to a recent study by MetLife, up from 60% in 2006. Just...