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Archive | November 20, 2012

Mass Mutual $1.625 Million Dollar Penalty

Thursday, The Mass Mutual Mutual Life Insurance Company agreed to settle the SEC charges that they violated securities rules by failing to sufficiently disclose the potential negative impact of a “cap” it placed on complex variable annuity products.   The SEC investigation found that MassMutual included the “cap” feature in optional riders offered to investors.   Full Article…

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Healthcare Costs For Retirement

When boomers find out how much they’re likely to need to cover those medical costs—typically, about a quarter of a million dollars, the experts say—they might wish they hadn’t asked. “All those plans for cruises go out the window if you don’t have adequate coverage,” said Alexis Abramson, a New York based gerontology expert. But  Full Article…

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Oklahoma Insurance CE Requirements

Every state requires some sort of Continuing Education (CE) credits that each producer has to complete to keep his/her life insurance license in good standing. See below for what the Oklahoma Insurance Department requires.   24 CE hours, including 3 hours in ethics and 2 hours in legislative updates, are required every 2-year license term (see license term below).   Producers planning to  Full Article…

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Family Holiday Discussions

As Thanksgiving approaches, one thing that most families dread more than cleaning up the mess, is talking about finances.  Fidelity Investments did a recent survey that highlighted the discrepancies and conflicting expectations families have when discussing elder care, estate planning, retirement and inheritance. Adult children typically underestimate their parent’s estate by more 100,000, on average.  Full Article…

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Comings & Goings

United Kingdom based Aviva confirmed that is planning on selling its U.S. business, Aviva USA, which operates out of DesMoines, IA.   In a letter to produces, Mike Miller, executive vice president of sales and distribution at Aviva USA, stated that Aviva has not disclosed details about the transaction or a timeframe on which a  Full Article…

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Referrals are key, but what is the best way to tap into this lead resource?

Every advisor and agent in the annuity and life insurance industry will say that the best lead resource is referrals and many have a made a living by continually generating referrals, but how are they doing so? What is the magic bullet? One successful tactic that Marvin Feldman who is president and CEO of the  Full Article…

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