The edge of autumn is a strange place this September. After this broiling summer, when COVID-19 flared rather than faded, we are missing our routines. Usually in the cooling refuge of September we can settle into the reassuring rhythm of the kids going to school and our pushing back into serious business leading up to the holiday season.
When a life insurance policy is purchased inside a defined benefit plan, there are tax advantages as well as the opportunity to provide an additional benefit to the plan participant.
Why does the phrase “Do you want fries with that?” work so well? This well-known food franchise knows if they said, “Our fries are really tasty but fattening, but let’s worry about that another day,” they would not sell as many fries.
The central bank just revised the goals of its monetary policy. The laymen’s translation? If you didn’t think rates were going to be low for a long-time, you were not listening. Cheap money is not a fad, people. Mortgage-rate cuts, for example, gave house hunters 25% more buying power in less than two years. That’s not ending soon.
Annuity sales were down sharply in all but two product categories during the second quarter, according to the Wink’s Sales & Market Report, in a particularly tough sales period. Just two product categories – multi-year guaranteed annuities and structured annuities, avoided big losses.
Chairman Jerome Powell may be on the verge of sending a wholly different message this week: That the Fed plans to leave its key rate pinned near zero even after inflation has surpassed the central bank’s target level – at least for a while.
A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 45% of Americans say they’re setting aside more money than usual. Twenty-six percent are paying down debt faster than they were before the coronavirus pandemic.
Law firm Grant & Eisenhofer has filed a pair of class actions against 11 insurance companies who denied coverage claims for business shutdowns due to COVID-19.
Consumers are rushing to safety as they did early in the Great Recession, but they are running toward different products during this economic downturn – and that trend is likely to continue even in this ultralow rate environment.
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.