[First in a series of IMPACT posts examining the impact of a prolonged low interest rate environment] Since the 2008 financial crisis, much of the world has lived in a low interest rate environment. Low interest rates may be justified from a monetary perspective. But retirees and those in the later stages of their careers … Continue reading "Low Interest Rates Equal High Costs for Retirement Savers"
According to a recent survey by LIMRA and Life Happens, if faced with the loss of an income-earner, 35 percent of U.S. households would experience financial adversity within one month. Almost half would face financial hardship within one year. Clearly, adequate life insurance coverage would address that problem. But less than 60 percent of Americans … Continue reading "Don’t Wait for a Difficult Time to Start Thinking About Life Insurance"
According to the Department of Health and Human Services, 59% of seniors will receive unpaid care during their lives, typically for about a year, from a family member. Currently, there are about 34 million unpaid caregivers in the United States who care for someone 50 or older. Helping people take care of the things that … Continue reading "Life Insurers Help Ease the Burden on Unpaid Caregivers"
According to the Federal Reserve, only 42 percent of American households headed by someone younger than age 30 have any retirement savings. By some estimates only 5 percent of millennials are saving adequately. Retirement saving among younger workers often falls short because many lack access to workplace plans. Younger workers also face multiple financial demands … Continue reading "Why it’s Important to Start Saving Early"
The growing incidence of Autism Spectrum Disorder (ASD) poses significant challenges to both families and policymakers. According to the U.S. Centers for Disease Control (CDC), 1 in every 59 children in the United States were identified as having ASD in 2014, up from 1 in 150 in 2002. A more recent study published in 2018 … Continue reading "Life Insurers Help Families with Special Needs Confront Challenges Like ‘Autism Tsunami’"