There’s no doubt we’re in the midst of living history right now. One day college professors and high school teachers will lecture on what happened in 2020 and the “new normal” spawned from “those days.” The question is, how will it be remembered? What stories will be told? How will we be judged for the … Continue reading "Serving Main Street in a New Normal"
Since the onset of COVID-19, life insurance, annuities and other products offered by life insurers have drawn considerable consumer interest. These products provide Americans with valuable financial certainty, even in a pandemic. Recognizing the importance of this consumer marketplace, each of the 44 states that imposed stay-at-home orders deemed life insurance as an essential business. … Continue reading "States Help Secure Consumer Access to Financial Protection"
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"
More and more, the haul from my mailbox (snail mailbox, that is) is magazines, catalogs, junk mail and once a quarter, my retirement statement. To be honest, it all (except for the magazines) goes immediately in my recycling bin. And considering the current COVID-19 climate, it likely gets sprayed with sanitizer, too! Like most Americans, … Continue reading "Retirement Statements – Safer in an In-Box than a Mailbox!"
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"
Nearly two years ago, the Fifth Circuit Court of Appeals struck down the Department of Labor’s misguided fiduciary regulation. That momentous decision triggered a series of thoughtful, well-reasoned measures by lawmakers and regulators in Washington, D.C., and across the country. These ongoing actions are part of a nationwide movement to provide American consumers the protections they deserve … Continue reading "Best Interest Advances Will Protect America’s Consumers"