The estimated 20% spike in auto insurance rates over the past year is impacting insurance agents significantly, as they are scrambling to retain clients who are reeling from these higher costs.
Life insurance policies are living in outdated legacy systems in need of replacement. At the same time, new policies are being issued and housed in those same systems.
Longevity risk gets a lot of attention, but the other side of the coin – the high probability of dying earlier than 95 – should also be discussed with clients.
As you embark on your well-deserved retirement journey, it’s crucial to safeguard your hard-earned savings from potential threats, including financial fraud.
Financial advisors who address their clients’ wealth from a holistic point of view will have a significant advantage in securing their clients’ business and getting referrals.