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DTCC Offers New Licensing & Appointments Tool

LNA Access allows distributors to manage appointments in one application directly online. This tool almost entirely removes the need for manual intervention by the carrier.

SEC Reviewing 4,000 Comments on Indexed Annuity Rule, Official Says

Traditional fixed annuities and so-called synthetic annuities will not be affected by proposed Rule 151, a senior SEC official told attendees of a legal conference.

Don’t Panic About AIG Annuities, Pennsylvania Regulators Say

Regulators are monitoring the suitability of annuity sales for exchange activity that exploits the recent turmoil in financial markets.

Are Insurers Lining Up for Federal Handouts?

MetLife, Prudential and New York Life are said to be considering making requests for some of the $700 billion federal bailout money, American Banker reported.

Americans Hang Retirement Hopes on Next Administration

Asked what the new president should do, 57% said they wanted to see Social Security fully funded so they receive their guaranteed benefits.

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Articles

AIG Failure Fuels Regulatory Turf War

The Federal Reserve's bailout of American International Group has revived the debate about whether the federal government should regulate insurance companies.

On the Road to STP: October 2008

Electronic signing of electronic documents produces a truly 'paper-free' STP process, which will reduce errors, compress process time, and assure a transparent, expeditious, and error-free outcome.

The State of STOLI Laws

Recent amendments to the Viatical Settlement Model Act prohibit the sale of a life insurance policy for five years except in cases of terminal illness.

Putting a Freeze on STOLI (Not the Vodka)

Baby Boomers with in-force life insurance but inadequate savings are the target market of the burgeoning but much-criticized life settlement industry.

Life Settlements: The Movie

The hero of my latest screenplay is an 82-year-old man with a $1 million life insurance policy. He's pursued by bloodthirsty beneficiaries and a pack of life settlement salespeople.

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