The sale of Genworth to China Oceanwide Holdings Group Co. Ltd seems to be back on track and may be completed, by the end of this year. China Oceanwide announced their plan to acquire Genworth about two years ago. Tom McInerney, Genworth’s president, told securities analysts that the plan is for Genworth Life and … Read more
Medicare Open Enrollment season started on October 15th and goes through December 7th. If you have traditional Medicare (Parts A and B), this is your annual opportunity to change or switch your Part D Drug plan, sign up for a Medicare Supplement (MediGap) or switch to Medicare Advantage. If you are on Medicare Advantage, you … Read more
The open enrollment period for 2019 health insurance coverage through marketplaces and other individual plans has started. Most consumers will access coverage through the federal marketplace at www.healthcare.gov. Open enrollment ends on December 15 except for a few states that operate their own marketplace such as California, Colorado, District of Columbia, Massachussetts, Minnesota, New York … Read more
The Department of Labor recently released a regulatory agenda that indicates that it will consider regulatory options to respond to the U.S. Fifth Circuit Court of Appeals decision in March (2018) to vacate the Fiduciary Rule. The rule would have required brokers in retirement accounts to act in the best interests of their client. The … Read more
While the impact of Hurricane Michael and Hurricane Florence will affect thousands of people for a long time, the impact on the insurance industry is manageable. Residents and businesses in the Carolinas and Virginia hit by Hurricane Florence will be dealing with an estimated $1.5 billion in wind damage and $28.5 billion in flood damage. … Read more
I’ve created a new Facebook Group “GET READY! The Financial Preparedness Group”. Life is uncertain, and things happen. This group is about being financially prepared and how you can maintain a financial first aid kit. This is the kind of group, you’ll want to be part of before an emergency happens. Whether you want to … Read more
Thank you to reviews.com for the opportunity to be a source for their article on How to Shop for the Best Life Insurance. This article compiles the big points on shopping for life insurance. Here’s what I had to say: “Life insurance is advertised as a product that is needed by all, and so people … Read more
When you are in an accident, whether it’s a fender bender or something more serious, your primary concern is that everyone involved is safe. Your thoughts will then usually go to quickly revisiting what happened and the damage to your car and any other involved car or property. Usually, identity theft is not at the … Read more