Shortly before COVID-19 overwhelmed the nation, The Washington Post asked: How big is the risk associated with electing an older person as president? It’s a significant risk, the Post suggested, based on information obtained from life insurers, experts in measuring longevity. The Post researched the expected cost for a $400,000-benefit life insurance policy, representing the … Continue reading "Longevity Expertise Meets COVID-19"
A major news service recently reported that some life insurers are adjusting policy application processes due to COVID-19. Insurers have an obligation to assess threats to individuals and society. While today’s circumstances may delay coverage in some situations, insurers are legally required to make underwriting decisions based on “sound actuarial principles” – a term that … Continue reading "Protecting Americans in the COVID-19 Era"
Market volatility is especially unnerving after decades of working and saving. The antidote is smart, sound financial education, information and options. Fortunately, the Securities and Exchange Commission (SEC) adopted rules last June, and the National Association of Insurance Commissioners (NAIC) adopted a model regulation in February, to make sure people can get the help they … Continue reading "Countering Market Volatility"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Great pairs provide great things like: great music (Lennon & McCartney); great lunches (peanut butter & jelly); financial protection (life & health insurance). Each component of these famous combos is distinctive. John & … Continue reading "Lennon & McCartney. Peanut Butter & Jelly. Life & Health Insurance?"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Congratulations to women’s soccer superstar Alex Morgan. She and her husband announced in October they are expecting a daughter. Like most soon-to-be parents, it probably won’t be long before Alex thinks about life … Continue reading "Soccer Superstar Alex Morgan May Be in the Market for Life Insurance"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] There’s more that unites us than divides us. Like our love for freedom. And baseball, hot dogs and apple pie, of course. Let’s not forget reality TV either. Insurance unites us as well. … Continue reading "People Joining Together. That’s Insurance."
A bricklayer in Hartford. An office worker in Indianapolis. A tour guide in Phoenix. All three are “X’ing” the days on their respective calendars before they announce their retirements. They’ve figured out how much monthly income Social Security will provide. And, each wants to use some retirement savings for a lifetime stream of income to … Continue reading "States Eye Protecting Guaranteed Lifetime Income Choices for Retirement Savers"