- Two-Thirds Of Employees Say Student Loan Repayments Will Derail Retirement Plans
Employees want employers to provide solutions that offer pension-like income
Today, employees face myriad challenges that impact their long-term financial planning, with the timeliest one being the resumption of student loan payments in October. While many assume younger employees are impacted the most, a new survey by the Nationwide Retirement Institute® finds that even seasoned employees are experiencing significant financial pressures due to the resumption…
read more - As “Peak 65” Approaches, Client Concerns Over Retirement May Be Fueling Curiosity About How To Protect Income In Retirement
RIAs say clients worried about retirement; how they’ll be able to do it, when they’ll be able to do it, and how well they’ll be able to do it
RetireOne, the leading independent platform for fee-based insurance solutions, in partnership with Allianz Life Insurance Company of North America (Allianz) released their joint 2023 RIA Protected Accumulation + Retirement Income Survey today.
read more - How SMBs Are Primed To Embrace Automation And Supercharge Productivity
SMBs embrace the future, ready to harness the power of AI and automation
New research from airSlate, a leader in document workflow automation solutions, reveals that small and medium-sized businesses (SMBs) are ready and eager to harness the power of automation and artificial intelligence (AI) to scale and compete effectively in today's business landscape.
read more - Helping Women Protect Their Families With Life Insurance
44% of women believe they need (or need more) life insurance, which represents 54 million women
Women make up a significant market opportunity for the life insurance industry. According to the 2023 Insurance Barometer Study, 44% of women believe they need (or need more) life insurance, which represents 54 million women. In general, women are less likely than men to own life insurance.
read more - Navigating Through Uncertainty: A New Playbook For Insurers
How are global insurers adapting to the new market regime?
Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12th annual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA) that favors flexibility, allowing them to take advantage of opportunities in public and private markets, and invest in the transition to a low-carbon economy.
read more - What’s Sinking Your Employee’s Wellbeing?
5 titanic lessons for leaders to keep their crew afloat
by Diane O’Connell
The sinking of the Titanic stands as a tragic and haunting reminder of human fallibility. And, surprisingly, the parallels between the Titanic disaster and today's workplace wellbeing cultures are striking.
read more - 401k Loans Are On The Rise And Emergency Savings Are Low Amid Inflation In The First Half 2023
New report shows low exchange activity, especially among target date investors
T. Rowe Price, a global investment management firm and a leader in retirement, has published a report detailing plan sponsors' and participants' reactions to continued inflation and economic challenges in the first two quarters of 2023. The report examines retirement behavioral trends and correlations between the challenging economy with rates of savings for retirement.
read more - Whole Life Emerges As No. 1 Product For Military Families
Military families own whole life at a higher rate than the general population. 33% of middle-class civilian families report they own some form of permanent coverage
As demand for permanent life insurance coverage continues to grow, whole life has emerged as the No. 1 choice of career military families.
read more - The Transforming Workplace
Many American workers optimistic about their financial future, though feeling the strain of inflation
Bank of America today announced findings from its 13th annual Workplace Benefits Report, "The Transforming Workplace" (PDF) The report revealed that two-thirds (67%) of employees believe the cost of living is outpacing growth in their salary or wages, compared to 58% in February 2022.
read more - Hiding In Plain Sight — The Health Care Gender Toll
Employed women have as much as $15.4 billion more in out-of-pocket medical expenses a year than men
Employed women have as much as $15.4 billion more a year than men in out-of-pocket health care expenses. At all ages between 19 and 64, women have more in average out-of-pocket health care expenses than men, excluding maternity claims.
read more - Workplace Supplemental Health Product Sales Continue Growth In The Second Quarter 2023
All major workplace benefits product sales recorded positive results in the first half of 2023
Following a 6% increase in new annualized premium in the first quarter, U.S. workplace supplemental health product sales ― accident, critical illness, cancer, hospital indemnity, and other supplemental health insurance products* ― totaled $513 million, representing a collective 5% increase in the second quarter. Accounting for 96% of all workplace insurance sales, accident, critical illness,…
read more - Six-Month 2023 US Life/Annuity Financial Results
First-half 2023 net income in U.S. Life/Annuity Insurance Industry declines by more than 39%
Net income for U.S. life/annuity (L/A) insurance industry decreased by 39.5% in the first half of 2023, dropping to $13.2 billion from $21.9 billion in the same prior-year period, according to a new AM Best report.
read more - Employees Who Want Happiness And Stability Can’t Overlook Benefits
Plan for real life this open enrollment
As the workforce enters open enrollment season and conversations around the employee experience continue to make headlines, new research finds employees who understand their benefits are happier and have a greater sense of overall stability at work
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