Thursday, May 22, 2014
Consumer advocates require full product disclosure. Retirement plans and investments must disclose expenses. Investors and savers alike desire to know the costs involved when purchasing financial and insurance products. Educating consumers is...
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Thursday, May 15, 2014
Veralytic is a leading product due diligence software that measures actual policy pricing and performance against both industry averages and peer-group alternatives, adding a significant component to the policy review process that goes well beyond...
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Monday, May 12, 2014
The conscientious adviser applies best practice standards as good steward of their client’s financial concerns. These standards integrate well-established Prudent Investor principles into an adviser check list that objectively establishes policy...
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Monday, May 5, 2014
Prudent Investor principles separate product expense loads from performance assumptions. Product expense loads should be a reference point to measure between policies and the industry norms. Projected performance is an undetermined future event that ...
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Thursday, May 1, 2014
Selling your firm’s due diligence capabilities can be a market strategy. The analytic procedures for measuring product suitability of a policy in accordance with Prudent Investor principles is sorely lacking in the market place. That in itself could ...
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Monday, April 28, 2014
Carrier ratings are important but not readily available. Measuring the pricing, performance and suitability of a specific product is the next important due diligence protocol, and a critical component of best practices that can be a distinctive...
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Friday, April 11, 2014
The 2013 LIMRA Barometer study found that many consumers are still not knowledgeable enough to make decisions about what they perceive to be an expensive, complex product. LIMRA found that, in fact, consumers really don’t know much about life...
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Thursday, April 3, 2014
“Fitch Ratings’ outlook for U.S. life insurance reflects the industry’s very strong balance sheet fundamentals, solid liquidity profile and improved operating performance,” the report states. “Fitch believes that the industry is well positioned to...
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Wednesday, March 12, 2014
In January, FINRA placed “suitability” on its annual list of its regulatory and examination priorities for 2014. A FINRA letter to broker/dealer members noted that its concerns in this area include “the suitability of recommendations to retail...
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Friday, March 7, 2014
Financial strength and claims-paying ability ratings of the insurer is one of the five factors of suitability. The obvious reason being that insurance is most simply defined as an agreement for the payment of a premium today in exchange for payment ...
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