Life insurers strongly support protections serving the best interests of customers, which can be meaningfully safeguarded with disclosure about services and material conflicts of interest. This approach provides an effective means to shield consumers and facilitate informed purchase decisions. The Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI) and Form CRS provide this … Continue reading "Best Interest Standards Comprehensively Protect Consumers"
More than 43.5 million family caregivers provide unpaid care annually to adults at any given point in time. Health insurance seldom pays for long-term care services and the government provides only limited coverage through Medicare and Medicaid. Many people are unable to save enough on their own to cover the costs of long-term care. Today, … Continue reading "House Committee Seeks Care Solutions for Aging Americans"
Every November 11 on Veterans Day, the United States proudly honors the brave men and women who served in our armed forces. We also honor their families, for the many sacrifices and hardships they endured while their loved ones protected our nation. These heroes and their families deserve our utmost respect and gratitude. Instead, some … Continue reading "Senate Passage of SECURE Act Would Help Gold Star Families and All Americans"
Too many Americans lack access to a workplace retirement savings plan. Open multiple employer plans (known as open MEPs) are one great solution to expanding retirement plan access. The concept is simple – let unrelated employers band together to offer a common retirement plan to their employees. MEPs are not a new concept. But they’re … Continue reading "An Opening for Open MEPS?"
A well-known national motto e pluribus unum or “out of many, one” is a powerful statement of our strength as a unified nation. It reminds us that our country is greater than the sum of its parts and appears on the Great Seal of the United States, as well as most U.S. currency. This isn’t just … Continue reading "Financial Advisors from 50 States Urge Senate to Pass SECURE Act"
On May 23, the U.S. House of Representatives overwhelmingly passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, 417-3. The bipartisan landslide vote was not surprising. SECURE has attracted supporters from across the political spectrum because of all the good it will do for Americans’ financial security. What is disappointing is that in … Continue reading "91 Business & Community Leaders Call on Senate to Pass SECURE Act"
(A version of this article originally appeared in USA Today for Mediaplanet’s Financial Planning and Insurance Campaign.) Here’s something I’ll bet you didn’t know: The oldest millennials are celebrating their 20th anniversary in the workforce this year. Hard to believe, right? But it’s true. The millennial generation—widely defined as people born between 1981 and 1996—has grown up in a … Continue reading "Life Insurers Help Millennials Through Every Stage of Life"