Accelerated underwriting already was gaining traction in the life insurance world before COVID-19 hit, but the restrictions placed on nonessential medical treatment as a result of the pandemic have moved accelerated underwriting more to the forefront.
Many clients may be feeling uncertain or panicked about their financial future. Communicating with them through social media and other online tools can provide reassurance and a source of stability.
Optimism is a choice and one that can give agents a leg up on the competition, said Scott Brennan, former president of the Million Dollar Round Table and a MassMutual agent from South Bend, Ind. Brennan gave some of his insights Thursday on being successful in the business and in life.
Now that we’ve all at least had some opportunity to get our feet back under us, a new set of questions arise: In this “new normal,” how do we, as advisors, continue to bring value to our clients?
U.S. life insurance death benefit claims from COVID-19 could range anywhere from $8 billion to $160 billion, Moody’s Investors Service said in a new report.
A lot of uncertainty surrounds the effects of COVID-19 on insurance, analysts with the American Academy of Actuaries said during a webinar on Tuesday.
Stress from COVID-19 was a slight drag on Principal Financial in the first quarterly. One of the bright spots was an uptick in term life interest and activity.
A new MetLife study showed that more than half of U.S. employees are worried about their financial health in the wake of the COVID-19 pandemic.
Like most financial advisors now, Robert DeHollander knows that it is not enough to counsel just waiting out the storm…
The current financial crisis stemming from COVID-19 is different from other recent financial downturns because the present situation has given consumers the fear of death and disability in addition to the fear of losing their money. That was the word from Joe Jordan, industry speaker and author of A Life Of Significance.
Whether we like it or not, “working from home,” a phrase heard countless times the past few weeks, is our new normal. It’s time to get on the bandwagon with a work-from-home routine and some new skills as well.
According to a recent Secure Retirement Institute study, only 1 in 4 consumers can correctly answer at least 7 out of 10 annuity-related questions. In addition, more than 40% answered “not sure” to each of the 10 questions.
Americans are more nervous about looming recessions and are more closely following the news about the stock market during times of uncertainty than they were in 2019 and 2018, a Million Dollar Round Table survey revealed.
The 4% rule doesn’t apply in today’s low-interest world, said a retirement researcher who also is the author of several books on retirement planning and spending.
With $210 billion in federal funding on the way to replenish the small business emergency loan program, advisors in need of the money are being advised to move quickly and keep good records.
The 2020 Retirement Confidence Survey, fielded in January, found 77% of retirees are confident in their ability to live comfortably throughout retirement, down slightly from 82% in 2019. Despite the subsequent pandemic, that number barely changed when the survey was re-fielded in late March (76%).
Although most policyholders are currently focused on looking back to find coverage for existing and ongoing losses, let’s look forward at what policyholders need to consider with their renewal policies.
Consumers and their financial advisors spend so much effort on accumulating retirement savings, but often lack a strategy for how to draw down those assets in the post-employment years. Could a sequence of returns deplete your client’s retirement savings?
Fixed-rate deferred and indexed annuity sales spiked in March as consumers flocked to safety. But the quarter was still a downer overall because of low sales in January and February.
