Life-settlement industry is showing signs of growth The market for life insurance settlements, which was greatly diminished following the Great Recession, grew 20% last year, according to a survey by The Deal. The market is poised for further growth this year, analysts say. Bloomberg Businessweek (7/30)
Who most needs life insurance? Pilots, fishermen, lumberjacks, farmers and waste collectors are among those whose professions have the highest mortality rates, according to an Ireland-based insurance company. The logging industry has a fatality rate of 127.8 per 100,000 full-time workers, followed by the fishing industry with a rate of…
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Advisers are helping with larger issues More financial advisers see themselves as practicing life planning, not just financial planning. Life planning starts with an examination of “who the person is — what are their fundamental values, passions and purpose in life — in a deep discovery process,” says Beth Jones…
Commentary: Small firms’ group coverage should include owner profits Group life insurance and disability coverage often cover a small-business owner’s salary but not profits, writes Bruce Hentschel of Principal Financial Group. Such firms should seek a carrier that offers coverage for the owner’s full income, Hentschel writes. BenefitsPro.com (7/21)
Study: Fewer women seeking help from advisers A study by Prudential shows that 31% of U.S. women use a financial professional, compared with 48% in 2008. The likelihood that a woman will seek help from a financial adviser or planner increases as she ages, the study says. Financial Advisor online…
What motivates successful advisers? Successful financial advisers tend to be internally motivated, which means “they are inspired to do something because of their genuine interest in learning more, doing something better or helping others,” Jeff Spears writes. Some advisers seek other rewards. WealthManagement.com (U.S.) (7/15)
Save 10% on your premium when you take the CalSurance Professional Liability/Loss Control Seminar Program Loss Control Seminar program can save 10% over the next three E&O policy terms. Simply turn in a copy of your certificate of completion, along with your application to CalSurance, NAIFA’s E&O insurance provider, to…
N.Y. bill would highlight availability of LTCI New York lawmakers have approved a bill that would allow life insurers to use end-of-life care, such as hospice care, as a trigger for access to accelerated death benefits. Another provision in the bill would allow the state health department to work with…
Commentary: A changing landscape for long-term care Medical advances have led to people living longer, which means more people will need some form of long-term care, writes Craig Brimhall of Ameriprise Financial. Most LTC policies pay benefits to the insured, rather than directly to a nursing home, giving people and…
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