Analytics are crucial to the future of life insurance and every carrier is in an arms race to get a 360-degree view of the people they serve or want to serve. The more data that is collected about a customer base, the better job insurers and agents can do in reaching those customers.
The Fed held its benchmark rate at a range of 2.25 to 2.5 percent at its January meeting, after having hiked rates four times in 2018 — decisions that drew harsh criticism from the president. Fed Chair Jerome Powell said that he would need to see a jump in inflation in order to raise a benchmark interest rate.
Agents can better manage client purchases – and travel expenses – by investing in automated expense management technology. This eliminates all manual entry, better organizes and tracks expenses, and ultimately saves agents lots of time and money.
Traditionally, customers buying insurance products and financial services have had little or no voice in the purchasing cycle. Up until now, this approach has enabled carriers to retain business, despite the plethora of offerings in the marketplace. That is changing — and fast.
Even if the stock market rebounds from last year, a fixed indexed annuity still provides more retirement income than the same investment in the S&P 500. The major drawback is liquidity, but this is where an advisor can make the difference through effective planning.
An aging population and a greater need for retirement income are factors behind the prediction.
You and your firm should have one goal – make sure the client wins!
Market volatility and loss make this the right time for clients to turn to the security of a fixed indexed annuity.
LIMRA is expects U.S. individual life insurance sales to rise 3 percent to $15 billion this year. Growth will be primarily driven by gains in disposable income and bond rates, coupled with low unemployment, the research organization reports.
The IRS finalized a regulation Friday making clear that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can fully benefit from a new tax deduction. Under the regulation, owners and shareholders of insurance agencies and brokerages can take up to a 20 percent tax deduction on qualified business income.
The government shutdown is moving into week five and the damage is beginning to show. The direct economic damage is estimated at around 0.50 percent so far, which is material in an economy expected to grow around 2.5 percent in the first quarter. Slower growth is an inevitable result of the slowdown.
LIMRA research points out that retirement plan access is the top reason American workers start saving for retirement. Nearly 4 in 10 of all workers said they began to save for retirement because their employer offered a retirement savings plan.
Contact sports, most acutely football, are facing a stark, new threat: an evaporating insurance market that is fundamentally altering their economics, squeezing and even killing off programs faced with higher costs and a scarcity of available coverage, a new ESPN report finds.
Sometimes it’s not what they do, it’s what they don’t know how to do.
White Glove Workshops, a digital marketing company specializing in planning, promoting and managing educational seminars for professionals in the finance, insurance, real estate and legal industries, has hired former National Planning Corporation CEO and president John C. Johnson.
Understanding how this significant influx of retirees will impact the market is critical to being able to capitalize on the nearly $35 trillion in financial assets they hold.
Wells Fargo CEO Tim Sloan addresses criticism of the bank and its recent missteps.
The Department of Labor’s fiduciary rule muted annuity sales early in 2018, but sales ended the year promising as the industry forged ahead with procedures and policies designed to help increase clarity and simplicity, and provide even greater access and understanding to advisors and investors. So what lies ahead?
Here is a list of five things to check at the beginning of every year to help ensure that your legacy still aligns with your life in its current state.
In current assumption UL, the growth of the policy’s cash value is based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time. The unique policies have come under fire from some longtime clients who say the promises made at time of sale have not materialized.
