Having The Philanthropy Conversation

Discussions between advisors and high net worth (HNW) clients about philanthropy are on the rise, finds the U.S. Trust Study of the Philanthropic Conversation, as clients report advisors to be a valuable source of information, second only to their spouse or partner.

The New Gilded Age of Income Inequality

In 2016, the Center on Budget and Policy Priorities and the Economic Policy Institute released an update (McNichol 2016) to their series Pulling Apart (McNichol et al. 2012), a report focusing on the gap in earnings between the top 5 percent of households and the bottom fifth of households in the United States and each state.

Geographic Information Systems Usher In The Age of Location Intelligence

Geographic Information Systems (GIS) may conjure up images among insurers of an old technology that tends to be used by a few passionate specialists at their company.

Cumulative Out-of-Pocket Health Care Expenses After Age 70

One of the biggest risks American retirees face is the cost of their health care. Health care expenses generally increase with age, but how much any individual will spend on health care during his or her retirement years depends on a number of uncertain factors, such as life span, health status, and medical inflation.

How Friends Influence Investing

Actionable insights into how Americans talk finance with friends can shape strategy to engage with today’s investors, as outlined in a new report from Hearts & Wallets, the source for retail investor data and insights.

Americans with Financial Advisors Are Significantly More Comfortable Balancing Present and Future Financial Goals

Two thirds of Americans find it challenging to navigate spending now versus saving for later — and a financial advisor may be the solution.

Life Insurance Industry Faces Market Penetration Challenge

The life insurance industry has shown relatively steady sales over the past decade, but the number of policies and resulting market penetration are in decline, according to a new study by Conning.

Sumitomo Life launches Vitality in Japan

Vitality Group, responsible for the global expansion of the Vitality Shared-Value Insurance model using the capabilities of Discovery and its network, are excited to announce the introduction of the first Vitality-linked insurance offering in Japan, in partnership with Sumitomo Life. Sumitomo Life Vitality was presented to employees and other stakeholders today in Tokyo, Japan.

Crash-Proofing Retirement

Ten years ago the stock market crashed, wiping out approximately $2 trillion of retirement savings, according to the Congressional Budget Office1. It was a frightening time for many investors, especially for those who were within five years of retirement and had maintained a high percentage of equity exposure.

Americans Without Life Insurance Not Taking Action to Reduce Financial Risks

New research announced by American International Group, Inc. (NYSE: AIG) reveals that consumers who do not have life insurance feel less prepared financially for the illness or death of self or a loved one than people with life insurance.