Home » Report: Life insurance applications up 5.2% in May
Blog

Report: Life insurance applications up 5.2% in May

Life insurance application activity was up 5.2% in May compared with a year earlier, according to a report from MIB. The increase was driven by younger age groups, where application activity rose roughly 7%, while application activity among those 60 and older declined nearly 2%. Full Story: ThinkAdvisor

Read More

8 financial wellness topics to cover with clients

Financial advisors can use the coronavirus pandemic as an opportunity to work with their clients on financial wellness, writes Steve Gresham of Whealthcare Solutions. He offers eight areas to focus on, including estate planning, health care spending and living transitions. Full Story: Financial Advisor

Read More

Expert: Interest in annuities rises when markets fall

Older investors tend to place an emphasis on recent market performance, leading to more interest in annuities right after the stock market falls, according to Michael Finke, director of the Wealth Management Certified Professional program at the American College of Financial Services. “[P]art of the advisor’s job is to get…

Read More

Moody’s: Higher death benefits pose little risk to insurers

Increased death benefits due to the coronavirus are likely to have a relatively small effect on life insurers, according to analysts from Moody’s Investors Service. “[T]he potential claims impact of increased death benefits will be relatively small and poses a lesser risk to life insurers than the secondary market impacts…

Read More

Exec: Annuities on track to gain in popularity this year

Indexed annuities and variable annuities with guaranteed minimum accumulation benefit riders “will continue to gain popularity in the New Year,” says Dylan Huang, senior vice president and head of retail annuities at New York Life. These products can provide downside protection while offering exposure to market gains, Huang says. ThinkAdvisor…

Read More

4 tips to keep pressing forward with prospecting

Financial advisors should not let success make them complacent, writes John Pojeta of The PT Services Group. He offers four tactics to help keep prospect pipelines flowing, including setting a daily prospecting goal, keeping efforts measurable and using automation. ThinkAdvisor  

Read More

Personal finance expert changes tune on SPIAs

Personal finance expert and columnist Jane Bryant Quinn says she has changed her views on single-premium immediate annuities, as their prices have become more attractive relative to bonds. “They’re especially worth considering for people who are getting older and think their savings is going out the door faster than they…

Read More

A state-by-state look at the cost of retirement

The amount you need to save for retirement can vary from about $666,000 to more than $2 million, depending on where you live, according to GOBankingRates. This analysis breaks down the cheapest and most expensive states for retirement. MarketWatch

Read More

Communicating expertise requires listening

Communicating expertise to clients is important, but it needs to be done the right way, writes marketing expert Dan Solin. He notes the importance of listening and not talking over clients in building trust. Advisor Perspectives

Read More

Diversifying investments offers way to manage longevity risk

People are retiring earlier and living longer, making longevity one of the greatest risks retirees face, write portfolio managers Michael Meltzer and John Petrides. They suggest managing this risk by diversifying across investment classes and “[f]ocusing on protecting the ‘quality’ of the income stream by favoring companies with a strong…

Read More