Welcome to Life Annuity Specialist

August 9, 2017

Brighthouse to Expand Headcount by 200-Plus Amid Growth Push
Brighthouse Financial has offered details on its future business strategy as an independent company now that it is officially spun out from MetLife, including how it intends to hire and hedge investment risk.
US Judge Rules Sales Agents Are Employees, Not Contractors
A U.S. District Court has ruled that multi-line insurer American Family missclassified thousands of its agents as independent contractors, rather than as employees, according to a Wisconsin State Journal article.
Talk of Breakup of Jackson National Parent Company Intensifies
Prudential plc., the parent company of Jackson National, is becoming more open to spinning off its U.K. operations, according to investors, the Financial Times writes. It remains unclear how a breakup would affect Prudential’s North American business, including Jackson National Life, if it were ever to occur.
ICI, IRI: Fiduciary Rule Already ‘Orphaning’ Accounts
The Labor Department’s fiduciary rule is already cutting into smaller accountholders’ access to investment products, underscoring the need for intervention by the Securities and Exchange Commission, according to the Investment Company Institute and Insured Retirement Institute.
Unum's Colonial Life Unit to Expand Agent Force, Open New Offices
Major disability insurer Unum plans to put more agents on the ground for its Colonial Life unit across more territories, ThinkAdvisor writes.
Brighthouse's Stock Debut Also a Moment to Boost Biz Culture (Photos)
Brighthouse Financial's debut as a public company this week offered an opportunity for its home office to reinforce key themes of its corporate culture, including its camaraderie and inclusion. That's according to a series of photos in this article that show how the annuity provider celebrated its opening moments as an independent company that's traded on the Nasdaq under ticker symbol BHF.