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Commentary: Life insurance can help fund long-term care

Seniors who face the possibility of lapsing or surrendering a life insurance policy can exchange the policy on secondary markets to help pay for long-term care, writes Chris Orestis of GWG Life and Life Care Funding. The proceeds from selling a policy can be used to fund a long-term-care benefit…

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Research: Policy updates could help with retirement preparedness

Younger workers could enhance their retirement readiness not just through saving more and working longer, but also with the help of policy changes, say researchers with State Street Global Advisors. Such updates could include changes to Social Security to allow partial withdrawals and longer deferral of benefits, as well as…

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Advisers may need to review target-date funds

Brendan McCarthy of investment management firm Nuveen urges advisers to review any target-date funds they have in place in light of the Department of Labor's fiduciary rule. He points out that funds that were added to retirement plans a decade ago may now be inappropriate. Financial Advisor online

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Analysts see bright prospects for annuity sales in the long term

Despite the volatility of some current annuity sales statistics, in the long term, annuity products will be greeted with strong demand, analysts say. Insurance company executives note that, with Americans living longer and looking for guaranteed income, demographic trends are favorable to the annuity business. InsuranceNewsNet online

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Hurricanes likely to delay Fed rate increase

Although economic losses from natural disasters are typically recovered because rebuilding stimulates growth, the timing of hurricanes Harvey and Irma likely will affect the Federal Reserve's plan to increase interest rates in December. US GDP growth is expected to be reduced in the third quarter because of Harvey, Barclays economists…

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NAIFA establishes relief fund for advisers affected by Hurricane Harvey

The NAIFA Board of Trustees has activated the NAIFA Hurricane Relief Fund to provide financial assistance to insurance and financial advisers affected by Hurricane Harvey's widespread destruction and flooding in Texas and Louisiana. NAIFA will allocate $10,000 to the fund. Make donations, and read more on the Advisor Today Blog.

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Help clients understand the importance of naming a health care proxy

People rarely think they will find themselves in need of urgent, long-term health care, but advisers should encourage their clients of any age to complete a health care power of attorney, writes Amy Florian. Florian lists three steps that are essential to the process. WealthManagement

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Hurricane Harvey highlights need for advisers to have a plan in place

Hurricane Harvey has demonstrated the need for advisory firms to have contingency plans in place for such emergencies, writes columnist Danielle Andrus. Advisers who have been affected by such natural disasters offer tips, including storing documents in the cloud and keeping a supply of cash on hand. ThinkAdvisor (free registration)

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MassMutual WL Legacy 10 Pay Reprice

MassMutual's Whole Life Legacy 10 Pay will be repriced in December. Although premiums will increase for this product, policy dividends will reflect the higher premiums and overall product performance is expected to be similar to the current series. MassMutual's Legacy series products are priced so that premiums are sufficient to…

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NAIFA’s Expert Ideas Workshops

Visit the expo hall at the NAIFA Performance + Purpose Conference and attend the 25-minute Expert Ideas Workshops focused on sales, prospecting and practice-management ideas. See a full list of the Expert Ideas Workshops, which will take place in a special presentation space inside the expo hall.

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