About the author: Charles Tomlinson | SmartBlogs

Charles Tomlinson Charles Tomlinson edits SmartBrief newsletters on insurance, finance and legal matters. He served previously as a newspaper editor in South Carolina.

Advisers need to proactively review clients’ annuities that are within individual retirement accounts to avoid “traps” by ensuring required minimum distributions are being taken properly, said Jeffrey Levine of Ed Slott and Co.

IRA or Roth rules trump annuity rules when an annuity is within an IRA, Levine explained Monday at the National Association of Insurance and Financial Advisors’ Career Conference and Annual Meeting in San Diego.[…] Continue Reading »

The new Life Underwriter Training Council Fellow program will feature a sharply focused, timely curriculum to meet agents’ needs, according to the College for Financial Planning and the National Association of Insurance and Financial Advisors, which teamed up to develop the revised designation.

The updated version of the program came about as the result of “an outcry from designees” to keep LUTCF going after a change in the institution that administers the program, said NAIFA President Juli McNeely.[…] Continue Reading »

It appears likely that a measure to create the National Association of Registered Agents and Brokers will become law, and agents need to know what that means for their business, said Jill Hoffman, assistant vice president of federal government relations with the National Association of Insurance and Financial Advisers.

A NARAB amendment is attached to House and Senate legislation to reauthorize the Terrorism Risk Insurance Act backstop.[…] Continue Reading »

Diligent preparation is crucial for successfully addressing the heavy scrutiny that long-term disability claims are facing, said Evan Schwartz, founding partner of Quadrino Schwartz.

One of an insurance company’s first steps with a long-term disability claim is conducting a recission review to examine a policyholder’s income and medical information for any misrepresentations, Schwartz said Sunday at the National Association of Insurance and Financial Advisers Career Conference and Annual Meeting in San Diego.[…] Continue Reading »

Social media has become a necessity for financial advisers to stay “top of mind” with clients and prospects, but they need to be able to “put the time and dedication into it” in order to make their efforts successful, said Amy McIlwain, president of Financial Social Media.

LinkedIn is a popular choice for financial-services firms because its users are there for business purposes, making it the “trade show” of social media platforms, McIlwain said Saturday during NAIFA’s Career Conference and Annual Meeting in San Diego.[…] Continue Reading »