Accumulation-focused variable universal life policies can help clients diversify their tax risk and offer some downside market protection, according to Andrew Bucklee of Lincoln Financial Distributors. The policies are best suited for people who have a long time horizon for taking distributions, he writes. Full Story: ThinkAdvisor
Financial advisors need to warn retirees and people nearing retirement about possible failures and how to avoid them, retirement coach Robert Laura says. “The reason people are failing in retirement is because they are not thinking about the nonfinancial decisions,” he says. Full Story: Financial Advisor online
Federal Reserve officials have started work on guidance to explain the practical effect of its new policy that allows inflation to rise above its 2% target. Whether investors, bond traders and consumers behave in a way that pushes inflation higher will be influenced by the way the central bank’s governors…
Keep clients happy by making sure they know you care for them, writes Bryce Sanders of Perceptive Business Solutions. One way to do this is by giving them a call to allow them to share how the coronavirus pandemic has changed their lives. Full Story: ThinkAdvisor
The Federal Reserve is expected to hold short-term interest rates close to zero for the next five years and possibly longer, as well as adjusting its approach to inflation under a new monetary policy strategy. The new inflation policy is expected to be more flexible, allowing it to rise occasionally…
A survey from LIMRA and Munich Re found that 64% of insurance companies were using accelerated underwriting in 2019, a big increase from 2017. Mary Lesch, LIMRA associate research director, said she expects to see changes to carriers’ accelerated underwriting requirements, such as changes to face amounts and age requirements….
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