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AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImportant for interest rates to demonstrate a stable pattern, says Aegon CEOLard Friese, CEO of Aegon, discusses the impact of global macro events on the life insurance industry off the back of the firm's third-quarter earnings.
Organizations: Aegon
Take workplace life insurance policies, which you can often opt into during open enrollment by simply checking a box. "The biggest mistake I see during open enrollment is people not listing beneficiaries or listing minors as beneficiaries on their workplace life insurance," she says. Be smart about beneficiariesIt's easy to gloss over the life insurance portion of the open enrollment. In the event of your death, the payout on your policy — often the equivalent of about a year's salary — will go to whomever you choose during open enrollment. Her advice to parents of small children: Name your spouse as a primary beneficiary and secondarily leave the money to a trust you have set up for your children.
Persons: Carolyn McClanahan Organizations: Planning
Ryan Borgwardt — a married father of two — went missing on Aug. 12 and his last known location was Green Lake, Green Lake County Sheriff Mark Podoll said during a news briefing Friday. Deputies found a capsized kayak in the lake and Borgwardt's vehicle and trailer parked in Dodge Memorial County Park, Podoll said. Courtesy Green Lake County Sheriff's OfficePodol said the investigation took a turn when it was discovered that Borgwardt’s passport was “run” on Aug. 13., the day after he disappeared. "Due to these discoveries of the new evidence, we were sure that Ryan was not in our lake," Podoll said. Podoll said the investigation into Borgwardt's disappearance still has a lot of missing pieces, including a motive, and where he is right now.
Persons: Ryan Borgwardt —, Green Lake County Sheriff Mark Podoll, Podoll, Borgwardt's, Ryan Borgwardt, Podol, Borgwardt, Ryan Organizations: Green Lake County Sheriff, Dodge, Federal Bureau of Investigation, Department of Homeland Security Locations: Wisconsin, Europe, Uzbekistan, Green Lake County, Dodge Memorial, Lake
George Wilson learned the hard way that there's no such thing as a free lunch — or, in his case, a free dinner that cost him a chunk of his retirement savings. He also met David Escarcega, one of the hosts and a broker who would eventually advise him to invest in so-called non-correlated, fixed-income alternative products from the now-bankrupt firm GWG. AdvertisementBut those meals aren't really free, Murray said. They're referred to as "free lunch seminars," said Adam Gana, a securities attorney who worked on Wilson's case. In 2017, he decided to renew his investment, according to documents viewed by Insider.
Persons: George Wilson, Wilson, Chris Steak, David Escarcega, Michael Murray, Murray, Adam Gana, Gana, I've, Jean, Escarcega, we're, Wilson wasn't, FINRA, Craig McCann, McCann, he's, Outsized Organizations: GWG, GWG Holdings, Financial, SEC, ADV, CPA, Treasury Locations: GWG
A decade ago, my husband and I bought a term life insurance policy worth $300,000. "We want enough to cover the mortgage and death expenses," we said to the agent who sold us our life insurance policy over a decade ago. Almost a decade later, we realized that what we planned for wasn't nearly enough life insurance to meet my needs if my husband were to die. Get Life Insurance Quotes Compare affordable life insurance options with Policygenius. The problem of not having enough life insurance seems easy enough to fix — just buy more.
Persons: , we'd Organizations: Service, Policygenius
Reuters —Hyundai Motor India’s shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest ever initial public offering. The stock listed at 1,934 rupees ($23) on India’s National Stock Exchange, compared to its issue price of 1,960 rupees ($23.31), and was last trading down 2% at 1,920 rupees ($22.84) at 0431 GMT (12:31 a.m. Hyundai is India’s No. Its record $3.3 billion IPO was oversubscribed more than two-fold last week, led largely by institutional investors, but pricing concerns deterred retail participation. The issue had valued Hyundai at 26 times its fiscal 2024 earnings, not far off the 29 times multiple for market leader Maruti.
Persons: Maruti Suzuki’s Organizations: Reuters — Hyundai, National Stock Exchange, Hyundai, Hyundai India, Life Insurance Corporation, Maruti Locations: Mumbai, South Korea, India, China, United States
He had a $1.5 million life insurance policy, which my mom used as leverage to get a loan for his care. My mom's experience convinced me to buy a 20-year, $500,000 term life policy of my own, at $28 a month. That math looks grim, and it would look a whole lot worse if my stepfather didn't have a $1.5 million term life insurance policy. Life insurance was a financial lifeline for my motherThough the mortgage had slipped my stepfather's mind, the life insurance premiums were on autopay. Get Life Insurance Quotes Compare affordable life insurance options with Policygenius.
Persons: , he'd, hadn't, He'd, didn't, Roger Deal, Roger, they'll, Banks, there's, George Bailey Organizations: Service, CPA, Sequoia Wealth Partners Locations: Omaha , Nebraska
Amit Dave | ReutersHyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country's largest share offering yet. The Government of Singapore and BlackRock together picked up stakes worth a total of $77.3 million, while Fidelity bought shares worth $76.5 million. The year-to-date volume has already surpassed the $7.42 billion total raised last year. watch nowAt that size, Hyundai India will make up about 40% of its parent company Hyundai Motor's market capitalization. Hyundai India's IPO is set to eclipse the country's previous record of Life Insurance Corporation of India's 2022 deal when it raised $2.5 billion.
Persons: Amit Dave Organizations: Hyundai Motor India, Reuters Hyundai Motor India, BlackRock, Fidelity, Singapore, Hyundai, Retail, Life Insurance Corporation, India's, IDBI, Hyundai India Locations: Ahmedabad, India, Hyundai India, Mumbai
Because of higher costs, employers are considering new ways to adjust their plan offerings, WTW found. Currently, employers subsidize about 81% of health-care plan costs, on average, while employees pay the remainder, according to professional services firm Aon. For workers, health-care expenses are already high: Family premiums for employer-sponsored health insurance rose 7% this year to an average of $25,572, KFF's 2024 benchmark employer health survey found. Health savings accountsAlong with a high-deductible health insurance plan, more than 50% of employers also offer a health savings account, or HSA, which can help with additional health-care costs. This is called supplemental life insurance, or voluntary life insurance, and it's optional coverage that you can add to your employer's basic group policy.
Persons: Aon, there's, Willis Towers Watson, WTW, Mercer, Beth Umland, Tim Stawicki, Regina Ihrke, Gary Kushner, WTW's Ihrke, Ihrke, Gallagher, Tom Kelly Organizations: Finance, Security, Workers, North, Kushner & Company, IRS Locations: U.S, North America
"Long-term care costs are completely outside of our health-care system. Medicaid is a needs-based health-care program, and eligibility requirements to receive long-term care under the program vary from state to state. "You might think about the average duration of long-term care along with the average costs to build a long-term care fund." Long-term care insuranceThe middle path involves buying insurance designed to help pay for long-term care. This can include long-term care insurance or whole life insurance with a long-term care rider.
Persons: Christine Benz, Morningstar, Spencer Look, CNBC's, SurveyMonkey, Yusuf Abugideiri, Yeske Buie, they'll, Gerika Espinosa, you'd Organizations: Medicare, Morningstar, Care Survey, Benz, Medicaid, Centers, Services, American, Aging, Administration for Community, American Association for, Care Insurance, CNBC Locations: U.S, Vienna , Virginia, Salt Lake City , Utah
Get Life Insurance Quotes Compare affordable life insurance options with Policygenius. Mutual of Omaha Indexed Universal Life Insurance: Another type of permanent life insurance, indexed universal life insurance policies carry flexible, lifelong coverage. Compare Mutual of Omaha Life InsuranceLearn more about how Mutual of Omaha Life Insurance compares to top life insurance providers. Mutual of Omaha Life Insurance vs. New York LifeQualifying New York Life Insurance customers can convert its policies to permanent life insurance. Mutual of Omaha Life Insurance FAQDoes Mutual of Omaha offer life insurance for seniors?
Persons: you'd, Hannah Van, Sickle, Hannah, Read, Evelyn Organizations: Mutual, Business, Omaha Life Insurance, Nebraska's Creighton University, Fortune, Insurance, Omaha Life, Get, Policygenius, Cons Mutual, Express, Omaha Universal Life, Life Insurance, Better, National Association of Insurance, Farm, Nationwide, York, York Life, New York Life, Plus, New York, . Northwestern Mutual Northwestern Mutual Life Insurance, Northwestern Mutual, Globe, Globe Life, Life, Chevron, Omaha, Berkshire, Berkshire Edge, Personal Finance Locations: Omaha, New, New York, York, Chevron, CA, LA, NH, NY, NC, WI, Berkshires, Massachusetts, Refinery29
Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.
Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa
Dana Blue is an estate-planning attorney who helps families navigate assets after a loved one dies. AdvertisementThis as-told-to essay is based on a conversation with Dana Blue, a 44-year-old estate planning, probate, and real estate attorney in Philadelphia. AdvertisementAfter almost a decade of being an attorney, I've witnessed the variety of ways inheritance has changed people, both positively and destructively. It can isolate you from family membersInheritances can impact family members in different ways and even tear them apart. A brother who moved away 20 years ago and cut himself off from the family will still receive his 50% inheritance.
Persons: Dana Blue, , I've, client's, there's, didn't, you'll, it's, Lauryn Haas Organizations: Service, Rover, lhaas Locations: Philadelphia
I'm still a big fan of taking out life insurance, so I suggested a cheap life insurance plan I found from Corebridge Direct. To help settle our argument, I asked certified financial planner Ryan Nelson if buying cheap life insurance is worthwhile or if it's better to invest that money elsewhere. Those who achieved financial independence might not need a cheap life insurance planI asked Nelson if there was anyone who would be better off skipping out on paying for a cheap life insurance plan. In these circumstances, I'd strongly recommend they connect with an advisor that does not sell life insurance," Nelson said. That means that a cheap life insurance plan is better than not having one at all.
Persons: Ryan Nelson, , We've, I'm, Nelson, it's, I'd Organizations: Service, Corebridge
For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Buying them all new shoes doesn't feel optional to me, but it does to my partner, who is still pretending we're surviving off only one income. Your partner doesn't want to spend just to spend, and I don't think you want to save just to save. Write to For Love & Money using this Google form .
Persons: isn't, , I'm, it's, we're, they're, doesn't Organizations: Business, Service
For years, Jeff Sharp often relied on the same refrain when he came upon an addict. The only reason Bailey wasn’t charged in Hilbert’s murder, Zois told “Dateline,” is because she is dead. A lawyer for Bischoff disputed this account, telling “Dateline” that his client had nothing to do with Hilbert’s murder. Bailey Sharp, 23, was killed weeks after Justin Hilbert's murder. And without that money, the arrangement between Bischoff, Bailey and Serrano fell apart in the weeks that followed.
Persons: Jeff Sharp, Sharp, , , Bailey, Bailey Sharp, Justin Hilbert —, — Bailey, Amy Zois, Zois, Jared Bischoff, Bischoff, Danny Serrano, Bailey wasn’t, Ericka Sharp, , Ericka, Jeff, it’s, ” Jeff, he’d, ” Ericka, hadn’t, Tonya Reppe, Justin Hilbert, Hilbert, Bailey —, Serrano, Bailey’s, Lance Stoyer, Justin Hilbert's, Reppe, Stoyer, Hilbert —, she’d, Ricky, Bischoff’s, ” Zois, Dateline ”, Cathy, Steve Hudson Organizations: Seattle Police, Riverside, Former Navy, “ Dateline, , Zois, Sheriff’s, Facebook, NBC, , Dateline, Sharps, “ Dateline ” Locations: Southern California, Riverside County, Riverside, Inland, Riverside , Calif, Seattle, California, Texas, she’d, Palm Springs
Rowan said the firm is testing new tactics to motivate employees to "play to win." Here's how and why the firm has turned to frozen yogurt and 4:30 a.m. wakeups. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"We believe that assets are what is going to be scarce rather than capital," Rowan said, referring to an environment of more limited investment opportunities.
Persons: Rowan, , Marc Rowan, We've, Lehman, I've, They're, it's Organizations: Service, New, Apollo, Nvidia, that's
More consumer-centric companies are looking to capitalize on India's booming stock market and strong economic growth, by going public. "After a decade, India's growth story is now likely to be driven by private consumption. With a better macro outlook, the risk appetite for investors for business to consumer companies have gone higher," said Atul Singh, CEO and managing director of wealth management firm LGT Wealth India. It may have started with large corporations like Reliance and Adani , but the positive macro story is driving more business to consumer companies to list," Singh told CNBC in an interview. India had 238 listings in 2023, reaching a nine-year high with 614 billion Indian rupees ($7.35 billion), according to FactSet data.
Persons: Ola, Atul Singh, Singh Organizations: National Stock Exchange, BMI, LGT Wealth, Reliance, CNBC, Transportation, Hyundai Motor India, Insurance, Hyundai, Ola Electric Locations: Mumbai, India
Shifting to live selling changed everything. She shadowed a friend who was also starting to do live Whatnot shows. After just one month on Whatnot, Zapata says she did enough in sales to quit her insurance job in September 2022. Her advice to any online or brick-and-mortar store owner is to develop the skill of live selling. They're doing intros, they're interacting, they're really getting creative with the things that they're giving to their community.
Persons: Val Zapata, Zapata, , We've, We're, they're, They're, She's, Holly, Kobe Bryant Organizations: Service, Facebook, Business, YouTube, Twitter, eBay, Zapata's, BI, Kobe Locations: Houston, Nevada
When my dad died, I realized life insurance was a priority, but it doesn't cover everything I need. After that ordeal, I decided to up my life insurance to ensure that my family wouldn't face the same troubles if I died unexpectedly. It was important to me that — on top of paying funeral costs — my life insurance policy also covered our home's mortgage. Unlike critical illness insurance, cancer insurance only covers costs associated with cancer. While different health insurance plans offer different treatment coverages, Aflac's cancer insurance offers supplemental coverage that covers several treatment options.
Persons: I'm, doesn't, Samantha Chavarria Samantha Chavarria, she's, Read Organizations: Cancer, Aflac, Ambulance, Houstonia, Twitter Locations: Latina, Houston
As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.
Persons: , Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania
In today's big story, China isn't proving to be the economic promised land US companies once hoped for . US-China relations have been on shaky ground for a while, to put it mildly. But despite the growing animosity, US corporations' push to sell things to Chinese consumers has been a middle ground everyone can agree on. AdvertisementTaiwan Semiconductor Manufacturing Company makes vital hardware components for most the world's chip companies, including industry giant Nvidia. Nvidia CEO Jensen Huang recently said his company has a backup plan if things were to kick off in Taiwan .
Persons: , Jamie Dimon, Tyler Le, Insider's Linette Lopez, It's, that's, Kiran Ridley, Stringer, Getty, Jensen Huang, Huang, Alyssa Powell, Trump, Harris, isn't, Howard Marks, Marks, Rebecca Noble, Vance, Tom Brady, Jeff Bezos, it's, Ryan Routh, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Amanda Yen, Grace Lett, Milan Sehmbi Organizations: Service, Business, China Xinhua News Agency, Getty, Apple, Nike, Huawei, Taiwan Semiconductor Manufacturing Company, Nvidia, Billionaire, Economic Forum Locations: Washington ,, China, China . US, Washington, Beijing, Taiwan, USA, Florida, New York, London, Chicago
Longtime value investor Bill Nygren warned that the popular benchmark S & P 500 is not as diversified as it used to be, and he is picking cheap stocks outside the dominant tech sector. Nygren, portfolio manager at Oakmark Funds for 40 years, said the technology sector has grown so powerful in the S & P 500 that the 25 or so largest names make up about half the investment. "It's not nearly as diversified as investors think it is. I think we will see investors revisit the idea of the S & P 500 being kind of the low-risk way to invest in equities," Nygren said on CNBC's " Money Movers " on Monday. "It's become so important to us that we invest with companies that are taking matters into their own hands and using excess capital to repurchase their own stock," Nygren said.
Persons: Bill Nygren, It's, Nygren Organizations: Oakmark Funds, Nvidia, Meta, AIG
But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick. Instead of owning a life insurance policy directly, they take out a policy and put it inside a trust. The irrevocable life insurance trust (ILIT) collects the death benefit, pays the tax bill, and distributes whatever is left according to the insured individual's wishes. For an ultra-rich taxpayer with a $10 million life insurance policy, using an ILIT could save $4 million in taxes. Make sure you're getting a life insurance policy that makes financial sense.
Persons: , Sam, Robert Strauss, Weinstock Manion, Dan Griffith, Griffith, Strauss, it's, ILITs, Kate Maier Organizations: Service, Business, Huntington Bank, IRS
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