- AIG Helps Launch the Alliance for Lifetime Income
To Empower and Educate Consumers and Financial Advisors on the Importance of Having Protected Lifetime Income
AIG (NYSE:AIG) today announced it is a founding member of the Board of Directors for the Alliance for Lifetime Income (Alliance), a new industry coalition of 24 leading financial services organizations whose goal is to educate Americans about the importance of protected lifetime income solutions and empower them to take action.
read more - The Costs & Impacts Of Caring
Report: The strain on caregivers reaches across generations, resulting in lower productivity in the workforce
A new report from Unum (NYSE: UNM), a leading provider of leave management services and employee benefits in the U.S., details how caregiving responsibilities can take emotional, physical and financial tolls on the caregiver and result in lower productivity and engagement at work.
read more - Is Consumer-Directed Distribution Right For You?
New paths to client-connection
Organizations across all industries are exploring consumer-directed distribution methods. New LIMRA research shows that many companies are currently leveraging self-directed models to connect with consumers while others are developing new products for these channels.
read more - Innovating the Aging Experience
More and more seniors are actively defining what they want in retirement
Today's seniors are not afraid of innovation, and they want the private sector to develop products and services that improve the aging experience, empower their independence and provide more choice. That is what The Revera Report on Innovation and the Aging Experience discovered.
read more - LIMRA Announces Its Online Training – Recognizing Financial Exploitation
Complies with the New Federal Law Aimed to Protect Elderly Americans from Financial Fraud
LIMRA today announces its training program, Recognizing Financial ExploitationTM (RFE), complies with the training requirement within the Senior Safe Act, which President Trump signed into law as part of the Banking Reform package on May 24, 2018.
read more - Working Past 80, Credit Card Debt & the Vanishing Pension Plan
New report addresses financial jeopardy for Canada's seniors
Running out of money before they die and not being able to pay for long term care top the list of financial fears of seniors, according to a national survey commissioned by Financial Planning Standards Council (FPSC) and Credit Canada in time for June, which is Seniors' Month.
read more - The Hidden Costs Of Caregiving
Majority Providing Unpaid Care to Aging Family Member Struggle to Maintain Their Emotional and Financial Well-Being
With America’s elderly population expected to double in the coming decades, the demand for caregiving services will be higher than ever before. According to the National Association of Insurance Commissioners, 15 million Americans are expected to have a high long-term care need by 2050.
read more - From Conversations to Care
New Survey Shows People Who Express End-of-Life Care Wishes More Likely to Receive Care They Want
Massachusetts Coalition for Serious Illness Care (The Coalition) shared the results of the first ever survey to track change over time on improving end-of-life care in Massachusetts. The survey, a representative sample of 1,500 Massachusetts adults, found that compared to 2016, significantly more Massachusetts residents reported that care for a dying loved very much honored…
read more - Caregiving & Coverage: Perceptions and Opinions On Today’s Long Term Care
How one caregiver uses her own personal experience to help develop insurance solution
Kim Anderson’s mother has been struggling with Alzheimer’s disease for five years and has lost her ability to walk, stand, feed herself and speak. When the emotional and financial burden of being the primary caregiver became too high for Kim—a married, full-time working mother—her family moved her mother into a skilled memory care facility near…
read more - Majority of Consumers in Asia Regret Not Starting to Save Earlier for Retirement
New study by LIMRA Secure Retirement Institute and Society of Actuaries reveals gap in retirement funds and significant interest in annuities
According to a new study by LIMRA Secure Retirement Institute (LIMRA SRI) and the Society of Actuaries (SOA), on average, consumers in Asia begin to start to save for retirement at age 40. The survey found the majority (54 percent) regret not starting to save earlier and less than half believe their savings will last…
read more - Reconnecting Family Connections
Analysts weigh in on older adults moving close to their grown children
As families become more mobile, often spread across the country, isolation and loneliness among older adults has become a key concern
read more - Conversations About Elder Needs Aren’t Happening
For fifty-seven percent... it's a low priority, even among those 80+;
A third have never discussed it with family
Embarking on the seemingly “golden years” of life, older Americans have identified a pain point — talking about potential challenges or needs as they age.
read more - Retiree Confidence in Critical Aspects of Retirement Security Declines
Still, workers’ overall confidence creeps up
The Employee Benefit Research Institute (EBRI) released results on April 24 of the 2018 Retirement Confidence Survey, an annual project with Greenwald & Associates that assesses Americans confidence in their retirement prospects.
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