Guaranty Associations: A Critical Consumer Protection You’ve Probably Never Heard Of

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"

Financial Professionals Must Consider All Options for Retirees, Including Annuities

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"

Washington Examiner Editorial Distracts From How Life Insurers Meet Critical Consumer Needs

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"

Life Insurers Help Families with Special Needs Confront Challenges Like ‘Autism Tsunami’

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’"