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Magazine: December 21, 2009 Issue
Cover Story
Guarantees, ‘De-Risking’ Were Top Product Trends In 2009
The Great Recession continued in 2009 and so did its impact on insurance products. Once again, guarantees were a major part of the product story- in terms of sales and product features. But another trend reared its head too- de-risking. ...
Focus
Health Reform, Financial Services Regulation Dominated The D.C. Agenda
As Economy Reeled, Advanced Sales Took A Big Hit
It Was A Year Of Dichotomies In The Index Annuity Market
More States Regulated Life Settlements In 2009
LTC Saw Some ‘Out-Of-The-Box’ Thinking But Change Came Slowly
It Was A Rocky Ride For Life Insurance
Voluntary Benefits Held Their Own
The Economy Took A Toll On Health
News
Despite SEC’s Two-Year Concession, Industry Determined To Fight 151A
A decision of the Securities and Exchange Commission to concede in court documents that it will provide a full two-year implementation period for federal regulation of indexed annuities under Rule 151A....
Inaction Could Leave Estate Tax In Limbo
There is an increasing likelihood that the estate tax will expire at the end of this year because of congressional inaction....
Medicare Buy-In Looks Like A Goner
Senate Democrats appear on the verge of dropping a scaled-backed public plan that would make people 55 to 64 without healthcare coverage eligible for Medicare....
3Q VA Sales Slipped 2% From 2Q
New sales of variable annuities declined in the third quarter, dropping 2% to $30.6 billion from $31.2 billion in the second quarter of 2009 and down 17.3% from third quarter 2008 sales of $37 billion....
3Q Variable Life Sales Fell 4.2% From 2Q Results
Variable life insurance sales with single premiums included at 10% for the 35 companies reporting in the VALUE survey for the third quarter of 2009 were $292.1 million....
CMS: ‘Cadillac’ Plan Tax Could Bend Spending Curve
Imposing a 40% excise tax on relatively high-cost, “Cadillac” health plans might be fairly effective at holding down health care spending, a government forecaster says....
ACLI: Study Shows CLASS Act Won't Work
The American Council of Life Insurers is pointing to a new study by the Centers for Medicare and Medicaid Services as confirming its view that a long term care entitlement program contained in the latest Senate health care reform package won’t work....
Opinion
Blood Is Boiling
Goldman Sachs, Morgan Stanley and Citigroup--did not show up at the White House for a meeting with President Obama that was to deal with getting these institutions to make more loans to small businesses and consumers. ...
Planning Or Wishful Thinking?
One year ends, another begins. The wheel of history turns and a new opportunity presents itself. I have never been a big fan of New Year’s resolutions, for I prefer specific plans over wishful expectations. ...
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