Word: hancock
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KNOW-NOTHINGS Most people don't manage their 401(k) funds well, according to a batch of studies undertaken by John Hancock Financial Services, Fidelity Investments, Putnam Investments and AARP. Why? Because they are too ignorant, too optimistic, too busy or too lazy. Are you one? Do you know what you should save? The returns and risks of the stocks and bonds that make up your funds? Here are a few no-nos: cashing out 401(k) balances when changing jobs despite heavy penalties; failing to diversify enough and reallocate in a timely way. No wonder, since half...
While some 120 insurance companies offer LTC, the top 10 to 12 companies, which include John Hancock, Conseco and GE Capital, write 80% of the policies. "The policies have moved away from the dreaded nursing home toward community-based care," says Timothy Otto, president of M and O Marketing, an insurance brokerage in Dearborn, Mich. "What most people want is to stay at home...
...company that hasn't been worried is John Hancock Financial Services, last year's No. 1 seller of term-life policies on both Quotesmith and InsWeb. "Our strategy is to sell products in all the different ways that consumers like to buy them," says Diana Scott, vice president for e-business at John Hancock...
...Hancock is already launching new types of insurance online, including a long-term health-care policy that the company will offer through Fidelity. And as aggressive insurers conjure up new e-policies, the health of comparison-shopping sites may take a turn for the better...
...AMERICAN CELEBRATION General Motors throws a cocktail party for new chief of staff Andrew Card, former top D.C. lobbyist for the automaker. Herbie Hancock plays. Kennedy Center Roof Terrace...