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A New Boom For Life Insurance
Shifting away from the 250 year old policy transaction
by Denise Garth
When executives are looking at future business scenarios, they are often called upon to “connect the dots.” If we draw a line from A to B to C to D, what kind of future scenario emerges? In which direction are the dots pointing? Sometimes the lines are fuzzy. The dots don’t quite line up. The…
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How A Pandemic Can Uncover the Importance of Retirement Financial Planning
A lack of familiarity with planning tools contributes to financial worries among young Americans
Despite retirement worries amid the COVID-19 pandemic, familiarity with common retirement planning tools remains low. According to the latest research from the Center for a Secure Retirement® and Bankers Life, a national life and health insurance brand that focuses on the insurance needs of Americans who are near or in retirement, only about half of…
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States with the Most Improved Health During COVID-19
Many have jumped ahead of the Covid-19 curve, while others still lag behind
With states’ reopening progress being delayed due to spikes in COVID-19, WalletHub today released updated rankings for the States with the Biggest Health Improvements During COVID-19, along with accompanying videos and audio files.
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Market Growth Opportunity for Life Insurers
To be a market leader in the future, insurers need to transition their thinking from executing policy transactions to providing a life, health, wealth and wellness experience
Majesco (NASDAQ: MJCO), a global leader of cloud insurance software, today announced the release of their 4th annual primary consumer research, Rethinking Life Insurance: From a Transaction to a Life, Health, Wealth and Wellness Customer Experience, highlighting a shift from a focus on policy transactions to creating a broader life, health, wealth and wellness experience.
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Social Security Turns 85
The continuing evolution of retirement income
On Aug. 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. Among the provisions of the law was a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.
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Reimagining The Post Covid-19 Workforce
Pandemic-style working from home may not translate easily to a “next normal” mix of on-site and remote working
As the pandemic begins to ease, many companies are planning a new combination of remote and on-site working, a hybrid virtual model in which some employees are on premises, while others work from home. The new model promises greater access to talent, increased productivity for individuals and small teams, lower costs, more individual flexibility, and…
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State of Savings
The pandemic caused notable shifts, but now with re-openings data suggests positive signs of savings recovery
Our proprietary data reveals how individuals in the U.S. have changed their savings behaviors over the course of the COVID-19 pandemic as business and travel restrictions disrupted our economy. Not surprisingly, we saw notable shifts in savings plan contributions and withdrawals in the first few months of the outbreak, as individuals experienced changes in employment…
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The Impact of the CARES Act on 401(k) Plans
Expands how workers can tap into DC Plan savings - up to $100,000
Some of the Act’s provisions have the potential to deeply impact defined contribution (DC) retirement programs by expanding how workers can tap in to their retirement savings when affected by the virus and/or crisis. For eligible workers, CARES doubles the amount that can be taken as a loan, from $50,000 to $100,000. It also creates…
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Guide to Approaching Life Insurance With Pre-Existing Conditions
And how these conditions can affect your chances of qualifying
Life insurance is an important part of sound financial planning. We all want the best for our family, and if you were to pass away, and were therefore unable to continue to support them, a life insurance policy would provide some much-needed financial security for those dependent on you.
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Earnings Season Winds Down
Overlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and the NASDAQ Composite setting multiple fresh record highs.
The Dow Jones Industrial Average gained 3.80%, while the Standard & Poor's 500 rose by 2.45%. The Nasdaq Composite index climbed 2.47% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced 2.31%
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