COVID-19 has led to the death of almost 200,000 people in the United States and close to a million worldwide. It has also reminded us that the unexpected can happen and that we are all vulnerable. Adequate life insurance coverage offers peace of mind, especially during unstable times such as these. Yet coverage has been steadily … Continue reading "COVID-19: This is the Time to Think About Life Insurance"
The COVID-19 pandemic and the resulting economic slowdown have been devastating for America. More than 6.3 million Americans have been diagnosed with COVID-19 and more than 190,000 have died. At the same time, 50 million Americans have filed for unemployment this year and nearly 47% have been unemployed for more than 15 weeks. AFLAC’s 10th annual Workforces Report reinforces … Continue reading "Easing the Burden of Uncovered Medical Expenses During COVID-19"
Last month in New York City, I saw a wonderful new sculpture of Sojourner Truth, Susan B. Anthony and Elizabeth Cady Stanton honoring the 100th anniversary of women’s suffrage. New York Life was a major donor for the statue. That’s fitting because Anthony used the cash value of her New York Life insurance policy … Continue reading "Whenever America Needs Us, Life Insurers Are There"
[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Every year on the first Monday in September, America honors its workforce. As we approach Labor Day, it’s a good time to reflect on one of the bedrocks of the American economy, the insurance … Continue reading "Insurance Industry Supports America’s Workforce"
Today marks the official kickoff for Life Insurance Awareness Month. But as our colleagues at Life Happens wisely note, the need to increase awareness about life insurance began long before September 1 and must extend well beyond September 30. Conversations about life insurance are just too important to confine to one month. Now more than … Continue reading "The Time For Life Insurance Awareness Is Now"
As America faces a pivotal moment to address systemic racism, the life insurance industry stands committed and ready to lead. Last week, I had the opportunity to speak with President and CEO George Nichols III of the American College of Financial Services. Nichols, a Kentucky native, became his state’s first Black American insurance commissioner in … Continue reading "Building Financial Security and Upward Mobility"
The COVID-19 pandemic has changed everyday language. We now commonly use words and phrases like “work from home,” “socially distant,” and “contactless.” Another word that the life insurance industry and regulatory community can take to heart is “instructive.” During the pandemic we have learned, and we continue to learn. Experience is teaching life insurers that we can serve our … Continue reading "Regulatory Modernization Makes Sense for Consumers"