Susan Rupe is managing editor for InsuranceNewsNet. She formerly served as communications director for an insurance agents' association and was an award-winning newspaper reporter and editor. Contact her at srupe@insurancenewsnet.com.
âClients buy life insurance for someone else, but they buy DI for themselves.â — Brokers give their disability insurance perspective and positioning during a NAILBA Engage virtual event.
The report found 82% of older women said they have a plan for retirement income, but only about 1 in 3 has a formal written retirement plan in place. Only 12% of women feel highly knowledgeable about long-term care and only 27% have a plan to fund it, despite the fact that 50% of women expect to require it.
With a Democratic-controlled Senate becoming more of a reality after Tuesdayâs Senate runoff vote in Georgia, Democrats are in charge…
Three of the nationâs biggest names in business â Amazon, Berkshire Hathaway and JPMorgan â banded together with the goal of reinventing health care. Three years later, Haven is closing.
The COVID-19 pandemic has inspired advisors and the industry to give back in creative ways.
Gregory Dexter is advising todayâs clients while drawing on his grandfatherâs wisdom.
How brokers can provide their employer clients with benefits that help their workersâ financial health.
A look at INNâs most-read health-related articles for the year showed that long-term care insurance attracted the most reader interest, with two of the five most popular health-related articles devoted to the topic.
Health insurance agents saw a flood of people wanting to sign up for coverage in the 2021 open enrollment period for the Obamacare marketplaces â so many people needing coverage, in fact, that some agents reported they simply ran out of time to help everyone.
The 2021 outlook for the U.S. health insurance industry is stable because the challenges associated with the COVID-19 pandemic are anticipated to remain manageable, Moody’s Investors Service said in its annual outlook.
Society needs something different from the life insurance industry in the face of the large and growing gaps in protection and savings, an E&Y report said â life insurers must redefine their role if they want to help address these issues and opportunities.
Although the possibility of a public health care option is off the table for now, the individual health insurance market could see some changes under a Biden administration, according to the president of the American Benefits Council.
The Employee Benefit Research Institute and Greenwald Research released results of their 2020 Workplace Wellness Survey, which showed workers are financially stressed since the onset of the pandemic and want their employers to support them in their financial well-being.
A firm that needed a special type of financial planner found just the right person when they hired this military spouse turned advisor.
Take a few minutes to move away from the computer screen and refresh.
Insurance and financial advisors are challenged to find the right partners and brokerage general agencies to work with, said Brian Haney, founder and vice president of The Haney Company in Silver Spring, Md.
A divided Congress due to a presumptive Republican-controlled Senate will translate into legislative gridlock, Fitch Ratings says, and that means the outcome of the 2020 election is neutral to health insurersâ credit profiles.
While President-elect Joe Bidenâs transition team is hitting the ground running in preparation for Jan. 20, the Trump administration could issue some rules now that can be in effect by Inauguration Day â and some of those rules could impact health care.
âSeverabilityâ was the key word as the U.S. Supreme Court heard oral arguments Tuesday on whether the Affordable Care Act is unconstitutional without the individual mandate penalty. Meanwhile, two key U.S. Supreme Court justices indicated they are inclined to keep most of the Affordable Care Act intact even if the court strikes down the provision requiring people to have insurance.
With Republican control of the Senate appearing likely, the Democratsâ hopes for health care, family leave, retirement and tax reforms are scuttled, a Mercer analyst said at a webinar.
Whoever is declared the winner of the presidential election wonât have a clear mandate to accomplish his policy goals, and that includes health care.
How to recognize feelings of anxiety and deal with them appropriately.
Nasdaqâs webinar on âThe Economics Of The 2020 Electionâ presented a variety of views on who would be more favorable to business in the next four years. But there was some agreement on two main issues.
The main difference in health care policies between President Donald Trump and his Democratic opponent Joe Biden centers on Obamacare. But no matter who is elected president in November, the makeup of the new Congress will determine whether his health care agenda is implemented.
Advisors embraced innovation and technology as COVID-19 forced them to engage with clients in new ways. But will they go back to the old ways of doing business? A group of panelists at the Annuity Distribution Summit shared their thoughts.
Near-term, election-related policy risks for health insurers could lead to reduced earnings and higher uncertainty, Moodyâs said. Joe Biden has proposed expanding the Affordable Care Act and creating a public option that could reduce earnings for some health insurers.
Democratic presidential candidate Joe Biden wants to lower the Medicare eligibility age from age 65 to age 60. This idea has been proposed in several previous bills, so itâs nothing new. But it is getting new attention in this presidential campaign. So what would a lower Medicare eligibility age mean for employers?
The National Association of Insurance and Financial Advisorsâ New York State chapter board made an unprecedented move to secede from NAIFA and affiliate with a newly created industry association, Finseca.
Take a break from screen time and stay hydrated.
Clients want to feel comfortable talking with their advisors on topics that arenât necessarily about dollars and cents.
Kenneth Royster wants to get the next generation of Black and Hispanic advisors into the business.
This yearâs open enrollment season for workplace benefits is seeing more than one-third of workers saying they want more guidance and support in choosing benefits than they did before the pandemic hit. That was one of the findings from the inaugural Workplace Wellness Study conducted by the Employee Benefit Research Institute and Greenwald Research.
The record-high unemployment rates resulting from the COVID-19 pandemic have resulted in millions of Americans losing employer-based health insurance. The pandemic may lead to a political landscape that moves away from the employer-based health insurance model and toward a Medicare buy-in, or a form of public option, one expert says.
Bidenâs campaign website states that people covered under an employer-sponsored health plan would be able to choose the public option âif they could get a better deal.â But, for an employee, how would the public option compare with the typical workplace plan?
At a news conference, Trump outlined what he called his America First Health Care Plan. Instead of proposed legislation, Trumpâs plan relies on a number of executive orders that he said would deliver âbetter care and more choice at a lower cost.â
The American Psychological Association reports that more than 1 in 3 Americans say COVID-19 is having a serious impact on their mental health, while more than half of Americans believe the pandemic has had a serious impact on their daily lives.
Jamie Kalamarides, president of Prudential Group Insurance, says paid leave is the biggest opportunity to help workers as the economy slowly returns after the COVID-19 shutdown. The Families First Coronavirus Response Act was signed into law in March, establishing an emergency paid leave program for workers who take COVID-19-related work absences.
The national health care discussion is shifting from COVID-19 to the Affordable Care Act after the death of Supreme Court Justice Ruth Bader Ginsburg. The opening leaves questions of how a newly-appointed high court judge would rule in a case that challenges the constitutionality of the health care law.
Bidenâs public option would be an option similar to Medicare that would reduce costs for patients by negotiating lower prices from hospitals and other health care providers with better coordination between a patientâs doctors to improve quality of care, and would cover primary care without any copayments.
Amir Ali uses the principles of the ancient samurai to serve his clients.
Only about half of American adults have been financially healthy since the pandemic struck, according to a study.
Easy ways to incorporate immunity-boosting activities into your daily life.
When Chris Gandy entered the industry in 1999, he was coming off a short stint playing pro basketball in France and looking forward to life off the court. But he was the only Black advisor in his training class of 10, and found his unique set of challenges getting started. He shared those challenges with NAIFA members Tuesday.
Although about 13% of the U.S. population is Black, only about 5% of the advisor population is. A result of this disparity is that a large percentage of this demographic does not have access to the financial guidance they need to close whatever financial gaps they have, build wealth and achieve financial security.
In a two-parent household, both parents must be involved in order for the school-at-home experience to be a success, said Brian and Kelly Haney. Brian Haney founded The Haney Company, a Maryland financial services firm. The biggest mistake many parents make is trying to replicate the classroom setting at home, Kelly said.
The Prudential Financial Wellness Census showed that Americans who are employed are looking to their workplace as a source of financial health, and the carrier has launched a package designed for these financially stressed employees and time-strapped human resources teams.
The industry examines how it can recruit a diverse advisor force to serve a diverse nation.
As parts of the country lift some COVID-19 restrictions, donât expect our social lives to get back to the way they used to be right away, experts say.
Ray Jones reaped a successful career using lessons he learned growing up on a dairy farm.
Since the spread of the pandemic, not only are more people staying home, theyâre also engaged in more high-risk, accident prone do-it-yourself projects, a Unum survey found.
Mentorship is the key in recruiting the next generation of Black advisors, and in helping them build their careers and eventually take over existing practices when the older generation of advisors is ready to retire.
People who arenât yet retired are worried about running out of money after they do retire. But they arenât communicating that fear to their financial advisors, an Allianz Life study revealed.Â
Employers are in crisis management mode and facing uncertainty as the COVID-19 pandemic has led to record high numbers of jobless as well as concerns over business reopening. At a time like this, itâs easy to wonder whether employers will quit offering health benefits to their workers.
How are you adapting your business and systems to deliver an extraordinary client experience in the new business reality? Clients are scared and looking for a lot from their financial advisor.
After a wild month of changes, there are signs that some annuity carriers may be ready to bring some products back to market.
Brian Heckert and his children prove you can have a national footprint no matter where you are.
The chief global strategist for J.P. Morgan Asset Management said we are not finished with the COVID-19 pandemic yet, and the economic situation will remain âuncomfortableâ until we are.
The COVID-19 pandemic has decimated the ranks of the U.S. workforce. Those who are working report feeling more financial stress than they did before the crisis. They also have a new appreciation for employee benefits, according to MetLifeâs 18th annual U.S. Employee Benefit Trends Study.
A number of major employers nationwide are cutting salaries in an effort to cope with the financial fallout from the COVID-19 pandemic. In the insurance world, Principal Financial and Aon announced they are reducing salaries for a percentage of their workforce.
Just as flight attendants give the safety speech at the beginning of every airline trip, advisors must give their clients their own version of the âsafety card speechâ at the beginning of the investment journey.
