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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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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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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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Measuring The Struggle In Personal Finance
Why many clients are taking action to manage a diminished financial wellness
According to a survey of more than 1,100 U.S.-based respondents interested in flexible work, more than half (53%) of people are currently earning half or less of their pre-pandemic income. Approximately one-third (31%) of respondents have lost their entire income since the pandemic started. This survey was conducted by FlexJobs, fielded in partnership with Prudential…
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In COVID-19 Crisis, Older Americans Are More Resilient Than Younger Generations
Research shines on a new definition of retirement
Research shines on a new definition of retirement Research of the pandemic’s effect on the mental health of 5 generations in Canada and the U.S. conducted by Edward Jones and Age Wave ST. LOUIS, Aug. 4, 2020 /PRNewswire/ — Despite COVID-19’s severe and disproportionate impact on the health of aging adults, older Americans reported they…
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Savings Goals and Stress Levels on the Rise
Many now believe they need to save $1.9 million for retirement
Anxiety about long-term retirement savings is up according to a new survey from Schwab Retirement Plan Services, and so is participant engagement. The nationwide survey of 1,000 currently employed 401(k) plan participants finds that saving enough for a comfortable retirement continues to be their leading source of significant financial stress.
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One-In-Four Companies Have Changed Employee Health Benefits Since COVID-19
Will working americans take notice?
Fidelity Investments® today issued new employer research finding that one-in-four (27%) organizations have changed employee health benefits since the COVID-19 pandemic began in March. Given these changes and the amplified importance of maintaining physical, mental and financial health, this year’s annual enrollment marks a critical moment when employees need to spend time understanding and evaluating…
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FINRA Publishes 2020 Industry Snapshot
Providing a statistical overview of brokerage firms, registered representatives and trading activity
FINRA today published the 2020 FINRA Industry Snapshot, its annual statistical report on the brokerage firms, registered representatives and market activity that FINRA regulates. The latest edition includes data ranging from the size and geographic distribution of the firms FINRA regulates to the number of individuals in the industry, and from trading activity to how…
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83% of Global Executives Agree Multigenerational Workforce is Key to Growth and Success
Thousands of employers share workforce insights during pandemic
Today, AARP released a new survey revealing global executives' thinking about the rapidly-aging workforce. Among the findings: 83% of global business leaders recognize that multigenerational workforces are key to growth and long-term success of their companies. Conducted in the fall of 2019 and the spring of 2020, the study surveyed nearly 6,000 employers in 36…
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A New Underwriting Playbook: Accelerating The Inevitable
Helping insurance carriers think through what underwriting could look like on the other side of the pandemic
The COVID-19 pandemic has created a confluence of events. Consumers are becoming more aware of their need for protection, while at the same time, circumstances are pushing life insurers to adopt new approaches to underwriting. Many of these changes are more consumer-centric and have been under consideration for decades. In many ways, the pandemic is…
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How COVID-19 Is Influencing Employers’ Retirement Plan Decisions
Which may lead to significant changes in their staffing and compensation practices
Which may lead to significant changes in their staffing and compensation practices Survey of DC plan sponsors and how the pandemic is affecting their plans, benefits programs, and companies conducted by Secure Retirement Institute® The COVID-19 crisis has had a substantial impact across all social and economic sectors, including defined contribution (DC) plans. The environment…
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