The Protected Lifetime Income Index study, a recent survey of 3,119 adults by the Alliance for Lifetime Income, shows that a mere 28% of non-retired Americans have made an effort to determine their likely monthly income needs in retirement —perhaps the single most important thing people should be planning for.
Part of the difficulty with selling insurance to millennials has to do with this generation’s very real feelings of financial insecurity.
Every few years, tech investors and startups will label a new industry “hot,” and insurtech is steaming.
Divorce is emotionally draining, and on top of that, the challenges divorce brings to estate planning can be an added stress. In many cases, one often overlooked tactic can provide tangible solutions for divorcees and blended families: life insurance.
The Bureau of Labor Statistics projects that 36% of 65- to 69-year-olds will be in the workforce by 2024. In addition, a 2014 AARP study tells us that 70% of experienced workers plan to work full time or part time in retirement. This whole paradigm shift affects not only seniors, but also those who work closely with this population.
Employer wellness programs are mainstream components of benefit packages for most major companies. However, today’s programs have come a long way from their beginnings nearly 40 years ago.
When it comes to DIY estate planning, I have two words of wisdom: User beware.
Last year, Olanrewajua A. Beyioku, also known as ” Papa Smith Morgan,” was charged with wire fraud after allegedly devising a scheme to defraud the American Red Cross. After Gulf Coast flooding in 2016, Renata Foreman of Independence, Louisiana, submitted false claims from multiple locations and made more than 50 fraudulent applications using stolen identities…
Only 27% of affluent small-business owners have a formal business succession plan, LIMRA reports. And 70% of family-owned businesses fail to transition to the second generation, the American Bar Association says. As a trusted advisor, you can help clients prepare a plan of succession.
More and more financial advisors are considering a breakaway to start their own firms. However, transitioning to independence can bring about uncertainties regarding administrative tasks and costs that were previously handled by their brokerage or wirehouse.
Some fear that as technology becomes more advanced, the need for benefits brokers will shrink, but this couldn’t be further from the truth. Instead, these technological advancements enable professionals to work more efficiently.
New research finds pre-retirees and retirees are almost evenly aligned on how they anticipate entering into retirement: 56% said they plan to stop working entirely, 17% plan to gradually reduce their hours before stopping and 27% plan to work part-time with no plan to stop working, the LIMRA study finds.
How much communication is enough? And how much is too much? Here is a breakdown of how to make your communication process work for you as well as your clients.
AmeriLife Group, an independent marketing organization, has acquired a majority interest in Brookstone Capital Management, an advisory firm. The combined organization will have more than $3.5 billion in annual life, health and annuity premiums and $2.7 billion in assets under management (AUM).
Successful consultants will tell you, a big part of their success hinges on the level of service they provide. Exceptional service can be the difference between missing your goals for the year and becoming a trusted advisor to your clients.
For its 60th anniversary, the MDRT Foundation, the charitable arm of 72,000 MDRT members in 70 countries, is partnering with The Hunger Project to pioneer people-focused strategies to combat hunger around the world.
While accelerated underwriting has absolutely transformed the landscape of life insurance, it is not a one-size-fits-all solution and is not a guarantee for all applicants – even if they are healthy.
When advisors are taking a well-rounded, multi-faceted approach to engaging their target audiences, prospecting becomes much easier. They find more opportunities and their sales conversations are more challenging and come with longer sales cycles.
U.S. life insurance application activity rose 3.3% in June year over year, nudging the MIB Life Index above par on a year-to-date basis for the first time since last February. June’s performance was the strongest monthly percent gain of 2019.
By line of business, commercial auto liability had the largest increase in 2018 written premium, 13.14%, compared to 2017.
