How do we stay motivated to keep our activity up when so many of us are stuck at home, having switched from our well-known office habits to a short commute to another room in our house? Let’s start by reminding ourselves why we are in this business and the value we bring.
Consumers Looking To Buy Life Insurance
A majority of consumers are interested in increasing or buying life insurance, particularly younger people, according to a survey. But almost all of them do not want to go to an office for it these days.
For the first time, young advisors are facing the reality that they do not have the benefit of having guided clients through the Great Recession, the dot-com bubble, or any other notable contraction.
Health Insurance Outlook Optimistic; Life Insurance Challenging
U.S. health insurers will likely remain profitable despite the uncertainty surrounding COVID-19 and its financial impact, Moody’s Investors Service said in a new report. However, U.S. life insurers could face some financial challenges.
More Than Half Of U.S. Workers Interested In Guaranteed Income
According to the new Secure Retirement Institute study, more than half (56%) of U.S. workers are interested in investing in a guaranteed lifetime income option within their employer’s retirement savings plan if it was available to them.
An Earnings Season Unlike Any Other
This earnings season will be unlike any other, as travel restrictions and lockdowns related to COVID-19 have impacted results dramatically. The biggest economic hits came in mid-March, however, and won’t be fully captured in first quarter results.
What’s More Contagious Than COVID-19?
In order to lead effectively, advisors must answer the question: How do I want to show up for the people I lead? “You must decide in advance who you’re going to be or else your attitude will be blown in the wind,” said Deidre Van Nest, an industry consultant.
Although the individual health insurance market has stabilized recently, it will feel the impact of COVID-19 in regard to the cost of testing, changes in non-COVID-related health care services and the impact of the recession, according to researchers.
Over the past five years, the life settlement market as an industry has multiplied vastly both in funds to purchase policies and consumer awareness.
The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 last week.
More Insurers Hit With COVID-19 Business Coverage Lawsuits
Six insurers were hit with class-action suits against in federal courts Friday over their denials of coverage for businesses shut down because of the COVID-19 outbreak.
How Will You Let Problems Shape Your Business And Your Life?
Regardless of the challenge or problem we have encountered, despite the people or obstacles we experience along the way, it is us alone who choose how we allow these problems to change us.
The National Association of Insurance Commissioners is expected to delay collection of key insurer mortality data until 2021.
New research shows certain insurance brokers refused to sell what they said were riskier, non-Affordable Care Act-compliant products to consumers, including…
As the U.S. and the world continue to grapple with the COVID-19 pandemic and the economic fallout, advisors must prepare to handle more unique situations and a reduction in scalability across their practices.
Mutual of Omaha CEO James Blackledge says the company is very strong and will survive the pandemic.
Paycheck Protection Program Out Of Funds, But Could Be Extended
The Paycheck Protection Program has exhausted its $350 billion allocation and is not accepting any more lenders or applications at this time, the Small Business Administration announced Thursday.
Let’s Talk Risk: Insurers In A Good Place … For Now
A new assessment of insurers’ financial strength ratings by DBRS Morningstar finds that capitalization will be the first area of impact if the recession continues. Insurers are going to lose the flexibility that comes with a strong capital cushion, the report concluded.
Insurers Are Helping Businesses Maintain Employee Benefits: LIMRA
According to the LIMRA survey, a large majority of carriers are making exceptions to their usual method of determining benefit eligibility in order to extend coverage for employees affected by COVID-19.
