- Achieving Retirement Income Readiness: Numbers and Concepts
Unfortunately, industry regulators are clueless when it comes to retirement readiness planning
by Steve Selengut
What's your favorite investment number: Market Value, Total Return, Performance vs. The S & P 500? Most of you will be thinking in terms of "market value", "returns", and annual growth of one or the other. But if you are in my age group ("over 55" to be kind), and thinking of retirement within ten to…
read more - Caring for Aging Parents is Not a Family Affair
New findings reveal only 1-in-10 families share caregiving responsibilities as a team among siblings
For most families, caring for mom or dad as they age is not a family effort. According to new data from Northwestern Mutual's latest C.A.R.E. Study, the responsibility most likely falls on the shoulders of one sibling, rather than being shared among all the children.
read more - LIMRA Announces 2019’s Rising Stars of Distribution under 40
Making a difference in shaping the future of the industry
LIMRA today announced the 10 winners of its 2019 contest to recognize Rising Stars of Distribution under 40 in the financial services industry. The contest searched for innovative and dedicated individuals who are making a difference in Distribution.
read more - Transamerica Announces Agreement With LTCG to Administer Its LTCi Book
LTCG will provide comprehensive third party administration services
Transamerica announces today that it has entered into an agreement with LTCG, an independent third party administrator, to transfer the administration and claims management of its long term care insurance business line.
read more - Boomers are More Prepared for Death Than Life – And It’s Not Getting Better
While confident in their ability to save in retirement, they lack understanding of retirement care
Today’s baby boomers are more financially prepared for death than life, according to the latest research from the Bankers Life Center for a Secure Retirement®. The new study by the national insurance provider revealed that 81% of middle-income boomers have made at least one formal preparation for when they pass away, while only 32% have…
read more - Ages When Long-Term Care Insurance Claims Begin
Vast majority begin at age 85 or older
Nearly half of all newly started long-term care insurance claims begin for policyholders age 86 or older according to a new study released by the American Association for Long-Term Care Insurance (AALTCI).
read more - Are You a V.I.P. Leader?
The three values of great managers
by John Waid
Leadership is an overused word. There are a lot of managers in companies, but very few leaders. Even the ones that call themselves leaders possess attributes that leave much to be desired.
read more - Long Term Care Insurance Industry Paid $10.3 Billion in Claims in 2018
Industry passes the $10B mark for the first time
A record $10.3 Billion in claims was paid last year by the nation's long term care insurance companies according to the American Association for Long-Term Care Insurance. Benefits were paid on more than 303,000 policies.
read more - LIMRA and LOMA Establish the Robert A. Kerzner Scholarship Program
From the start, Kerzner was an 'agent of change'
LIMRA and LOMA today announce the Robert A. Kerzner Scholarship Program, established to honor Robert Kerzner for his contributions to the insurance industry and his years of service as CEO of LIMRA, LOMA, and LL Global.
read more - 2019 Long-Term Care Insurance Price Index Released
While costs increases slightly over 2018, many insurers had no increase
A couple in their mid-50s purchasing new long-term care insurance coverage can expect to pay just over $3,000 for a potential combined benefit of over $770,000 in coverage should they begin needing care at age 85.
read more - Five Factors Influencing Growth in the Life-Combination Market
Joint LIMRA-EY study identifies the impact of this $4 billion market
According to LIMRA research, the life-combination market has grown to more than a $4 billion market over the past 10 years. A new study, conducted jointly by LIMRA and Ernst & Young LLP (EY), identified five factors that impact the viability of the life-combination market.
read more - LIMRA: Total Individual Life Insurance New Premium Increases in the Third Quarter 2018
Driven by strong indexed universal life (IUL) sales
U.S. life insurance new annualized premium increased 3 percent in the third quarter 2018, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. Driven by strong indexed universal life (IUL) sales, this is the second consecutive quarter of positive growth.
read more - Most Caregivers Are Overwhelmed Emotionally And Lack Adequate Emotional Support
Study: Gen X Feeling the Impact More Than Others
Caregiving is a growing reality for Americans – one that comes with a significant emotional toll, according to findings from Northwestern Mutual's 2018 C.A.R.E Study. The study finds that while nine in ten caregivers say they are providing emotional support for others, significantly fewer feel they get the support they need for themselves.
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