It’s common knowledge that the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance coverage if a bank fails and is unable to meet its obligations. FDIC signs are prominently displayed at every bank to let us know that our deposits are guaranteed for up to $250,000 per person per account category. The financial crisis of … Continue reading "Guaranty Associations: A Critical Consumer Protection You’ve Probably Never Heard Of"
Fascinating – and depressing – research from the investment advisory group United Income shows 96 percent of Social Security recipients likely have tapped their benefits too soon. They’re missing out on $3.4 trillion in benefits – an average of $111,000 per household. The research report notes that not everyone should wait till age 70 to … Continue reading "Financial Professionals Must Consider All Options for Retirees, Including Annuities"
Have you ever worked forever on a jigsaw puzzle, only to discover you’re missing a key piece? If so, then you’ll understand the current frustration among retirement security proponents who have been working to help solve the nation’s retirement puzzle by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill will … Continue reading "U.S. Senate Needs to Pass SECURE Act"
America’s life insurers serve 90 million American families, helping them build a financial safety net that protects them through all stages of life. Helping people take care of the things that matter most is our most critical mission. But you wouldn’t know that from the Washington Examiner’s editorial this week about The Business Roundtable’s (BRT) new mission … Continue reading "Washington Examiner Editorial Distracts From How Life Insurers Meet Critical Consumer Needs"
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’"
People are living longer, and financial security into retirement is not just a challenge in the United States – it’s a challenge facing people around the world. The G20 – an international forum for the governments of 20 major economies – has selected aging society and filling the protection gaps created by increasing longevity as … Continue reading "G20 Says Aging Society Is a Priority Issue"
As appeared in Morning Consult, February 13, 2019 A few months ago, I said that retirement security will be a policy issue everyone is talking about over the next decade. Last week, influential leaders in Congress laid proof to that claim, kicking off the new year noting retirement security as a bipartisan priority issue. The House Ways and … Continue reading "Congress Makes It Clear: Retirement Security Is a Priority Issue"