As the financial-services industry calculates opportunities in the middle market, a new LIMRA report finds middle-market households own the majority of individual permanent life insurance in force. Once thought to be primarily bought by the affluent, households at all income levels own permanent life insurance, with the middle market leading…
The Centers for Medicare and Medicaid Services says it will need proof of eligibility, such as a birth certificate or marriage license, for people seeking health insurance outside the regular enrollment window on Affordable Care Act exchanges. InsuranceNewsNet online/The Associated Press (2/24)
Recent changes to two popular Social Security claiming strategies seem to be confusing even employees of the Social Security Administration. The result is that some people seeking information from the agency are being incorrectly told they no longer qualify. The Wall Street Journal (tiered subscription model) (2/25)
Millennials' awareness of their financial situations and challenges can give them a greater openness to the benefits of life insurance than previous generations had, writes Jerry Blair of Midland National Life Insurance. The industry needs to focus on showing millennials how life insurance can help secure their futures, Blair writes….
Last year, 260,000 individuals received long-term care insurance benefits, amounting to $8.15 billion in paid claims. The number of open claims grew by 10,000 in 2015. Because of foresight and planning, 260,000 people were able to conserve personal assets and long-term care expenses were paid, at least in part, by…
Emily Zulz speaks with Leon Morales of DNA Behavior, which has identified four client personality types. He offers some tips about how advisers can better interact with clients in the different categories. ThinkAdvisor (2/19)
For just the third time in 40 years, Social Security recipients did not receive an annual cost of living adjustment for 2016. Maurie Backman discusses the reasons, noting that declining fuel costs kept inflation low. The Motley Fool
Two professors at Wellesley College took a look at the impact of stock market shocks on retirement decisions. They found that the number of people hit by market-driven wealth shocks is relatively small. Thus the effect on retirement decisions is small as well. PlanAdviser.com (2/19)
Too many senior citizens are avoiding retirement planning, according to research from the University of Southern California and the Society of Actuaries. Almost 60% of people ages 60-69 said they had not retired or done any retirement planning in the previous three years. CBS News (2/19)
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