Deals & People June 1, 2010

Hancock RVPs Get New Territories

John Hancock Retirement Plan Services (RPS) announced that two regional vice presidents (RVPs) will take on new territories.
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Effective immediately, Howard Joelson will become the RVP for San Diego and Hawaii regions and Bridgette Rutter will become the RVP for Orange County. Joelson was previously responsible for sales and service in Orange County, while Rutter was responsible for RPS’s Bank Channel.

Joelson brings more than two decades’ worth of financial services experience to his new territories. A 23-year veteran of John Hancock, he assumes the former post of Cheney Hunt, who was recently named regional sales manager for John Hancock Retirement Plan Services’ Midwest Region. Joelson will be based in the company’s San Diego sales office.

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Rutter, who has an extensive background in sales, most recently served as RVP of Retirement Plan Services Bank Channel. In her new position, she will be based in the company’s Irvine sales and service office.

Products June 1, 2010

MetLife Offers Financial Planning Tips for LGBT Boomers

The MetLife Mature Market Institute is offering free planning tips for lesbian, gay, bisexual, and transgender (LGBT) Baby Boomers.
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“Planning Tips for LGBT Individuals and Couples,” follows up on MetLife’s recent research called “Still Out, Still Aging: The MetLife Study of Lesbian, Gay, Bisexual, and Transgender Baby Boomers” (see “LGBT Boomers Cite Additional Retirement Fears”). Compiled with SAGE (Services and Advocacy for Gay, Lesbian, Bisexual & Transgender Elders), the publication offers guidance and advice to LGBT Boomers in the areas of legacy planning, employee benefits, health care, financial, and retirement planning, MetLife said.

The MetLife Mature Market Institute said its tips focus on key areas that require attention to assure that one’s heirs receive what is intended and that people’s wishes regarding health care decisions are honored. For individuals, the tips aim to help one enjoy financial security and employee benefits during working years and in retirement.

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The financial and retirement planning section covers life insurance, long-term care insurance, disability income insurance, the various types of IRAs and annuities, bank account management, 529 plans and education savings accounts (ESAs).

“Beyond marriage and partnership issues, LGBT individuals need to consider many other important directives that are tremendously important in order to assure that their heirs receive the legacy intended, that their wishes regarding health care decisions are honored and that those they care about enjoy financial security,” said Michael Adams, executive director of SAGE, in a news release. “This kind of information, especially when combined with the help of a qualified health care professional, attorney or financial planner, is critically important so that each of us can make the decisions that make sense for our individual situations.”

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