- Navigating The Silver Tsunami
Study reveals caregivers’ lifestyle sacrifices and expectations while caring for loved ones
The realities of caregiving are hitting home for Americans, as a majority of boomers who expect to be caregivers (92%) are willing to make lifestyle sacrifices to provide care to a family member or loved one.
read more - Individual Life Insurance Combination Product Premium Falls 2% in 2018
Combination products represented 27% of all individual life insurance premium collected in 2018
After three consecutive years of growth, total new premium for individual life combination products dropped 2% to $4.3 billion in 2018, according to LIMRA’s 2018 Individual Life Combination Products Annual Review. There were 404,000 policies sold in 2018, a 2% increase, compared with 2017 results.
read more - The Demographics, And Geography, Of Long Term Care
Costs can vary by more than $100,000 annually depending on the care you need and where you live
More than one in two Americans turning 65 are expected to need some form of long-term care in their lifetime, according to the Department of Health and Human Services. Yet unfortunately, many do not plan accordingly and significantly underestimate the cost of long-term care services, in some cases by nearly 50 percent.
read more - Nearly Half of Young Americans Have Experienced a Quarter-Life Crisis
Making sense of our evolving “adulting” pressures and expectations
More than half of young Americans (58% of Gen Zs and 52% of young millennials) expect to be more financially successful than their parents, according to a new survey conducted by The Harris Poll on behalf of TD Ameritrade.
read more - 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
