Category Archives: insurance literacy

AXA Fined by New York Department of Financial Services For Making Improper Changes To Variable Annuities!

Annuities are simple in concept, however, the majority of annuities in today’s financial marketplace are incredibly complex financial vehicles with many components.   The following press release takes a look at what some companies are doing with their variable annuities … Continue reading

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While Insurance Products Are Complex, Insurance Companies May Be Even More Complex:

Well, not only are insurance products hard to understand, so are insurance companies according to this latest article highlighting a study commissioned by the Federal Reserve Bank of Minneapolis: Fed bank fearful of insurance risks via LifeHealthPro (click to read … Continue reading

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Spring Cleaning with The Questions and Answers on Insurance Planner

Spring cleaning is upon us and the following article is a reminder that it’s always a good time to review your finances including your insurance policies. The Questions and Answers on Insurance Planner mentioned above is designed to help you … Continue reading

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New from Tony Steuer: The Questions and Answers on Insurance Planner

Very proud to announce my latest publication: The Questions and Answers on Insurance Planner.  This planner covers every line of coverage and provides tips on choosing an agent and insurance company along with a glossary of common terms.  For a … Continue reading

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Avoid Long Term Care Insurance Scams

Long Term Care Insurance is a vital component of an overall financial plan serving as a backstop to your other assets.  Bankrate.com just ran an excellent article which looks at avoiding Long Term Care Insurance Scams and highlights the importance … Continue reading

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SEC Investor Bulletin Discusses Impact of Fees and Expenses (including Commissions) on Insurance Products:

Life Insurance policies can be incredibly complex financial vehicles. There are many different components that make up whole life, universal life, variable life and indexed life products.  These component impact the earnings (interest, dividends, etc) and costs (cost of insurance, … Continue reading

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Commissions: Will They Always Be a Secret?

Commissions: A dirty word to some, however, that’s how insurance agents are mostly compensated.  Commission reform on financial products especially on insurance products is long overdue.  The article “Compensation Conundrum” which originally appeared in Best’s Review discusses this and can … Continue reading

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Fitch Ratings: U.S. Life Insurance Industry Well-Positioned to Navigate Macroeconomic Challenges in 2014

With the continued improvement in the economy, the financial forecasts for U.S. Life Insurance Companies continues to improve.  The latest is covered in an article titled: “FitchRatings: U.S. Life Insurers well positioned in 2014″ as reported on Lifehealthpro.com (click to … Continue reading

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Banned and Still Not Going Away: Stranger-Owned Life Insurance:

In yet another example of an abusive life insurance sales practice that just won’t go away despite being a banned practice, Stranger Owned Life Insurance (STOLI) – also known as Investor Initiated Life Insurance has resurfaced according to a press … Continue reading

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The Right Time to Buy Life Insurance is When You Need Life Insurance:

While this seems reasonable enough, many life insurance policies are bought for other reasons than actually needing insurance.  The following article talks about a new planning method that’s being promoted to use Life Insurance to help with Financial Aid for … Continue reading

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