This year has exposed vulnerabilities throughout America like no other. The uncertainties of the COVID-19 economy and its impact on vulnerable communities has highlighted the growing societal need for financial protection. That is why we are so concerned with HB20-1420, a bill under consideration by the Colorado legislature that would impose new taxes on consumers … Continue reading "Colorado Tax Proposal: Unfair and Unwise"
Separated by about 1,000 miles of farmland, mountains and desert, Iowa and Arizona are two very different states. On first glance, the only thing they seem to have in common is their deep-rooted ties to the Chicago Cubs. The Cubs’ spring training facility has been in Arizona for more than 60 years. And the Cubs’ … Continue reading "Iowa, Arizona Lead The Way on Best Interest"
Texas is one of the largest insurance markets in the world and is the second most populous state in the United States. Each day, life insurers pay out $96.4 million in life insurance and annuities benefits to Texas families and businesses. The life insurance industry also provides good jobs and long-term investment capital that spurs economic … Continue reading "Texas: Leading the Way for Insurance Consumers During COVID-19"
Millions of Americans face worrisome financial challenges during their retirement. For many, anxieties have intensified recently due to the market upheaval caused by the COVID-19 pandemic. Fortunately, there is a surefire way to address those concerns: an annuity. June is Annuity Awareness Month, a time to focus Americans on the only financial product in the … Continue reading "Annuities Awareness Month: Guaranteed Lifetime Income"
The bar on consumer protections is raised in important ways by the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI), which goes into effect at the end of this month. Reg BI preserves access for middle- and lower-income savers to financial professionals that offer the opportunity to set up income guaranteed for life. Insurance … Continue reading "Consumers Benefit from Regulation BI"
As Congress searches for paid leave solutions that support workers who need a leave of absence, there’s an opportunity for a partnership between the private and public sectors. What’s essential is the ability for employers to provide coverage through private short-term disability income insurance or other private market tools. Whether it’s childbirth, adoption, a family … Continue reading "Paid Leave Solutions for Workers"
COVID-19 has raised some of the greatest underwriting challenges for the life insurance industry since World War II, as was reported in a May 10 Wall Street Journal story Some Americans Are Being Turned Away Trying to Buy Life Insurance. It follows that the industry making financial guarantees that can last for decades to deliver benefits … Continue reading "Making Financial Protection Available in COVID-19"