When most workers open a defined-contribution (DC) retirement plan, the emphasis is on long-term thinking. But a new LIMRA Secure Retirement Institute study recommends that plan sponsors might want to encourage more near-term thinking and promote achievable savings goals for their workers.
1 min read
Robo-Advisors Have No Impact on Industry
In spite of all the hype about robo-advisors on the financial-services industry, nearly half of the financial professionals surveyed recently cite no impact on the industry, according to a survey by LIMRA.
Topics: Grow Your Business
3 min read
Most Small Employers Offering LTD Think It Is Beneficial
According to a survey released by the Consumer Federation of America and Unum, employers understand the value of long-term-disability (LTD) insurance for their employees. And those who offer it believe it serves the interests of their company. Employers not offering LTD are more likely to overestimate its cost, underestimate the desire of employees for the product, and have difficulty in managing disabled employees and their absences.
Topics: Grow Your Business
2 min read
Household Finances Cause Highest Stress Levels For Americans
According to a LIMRA study, 42 percent of Americans’ household finances caused “somewhat high” or “very high” stress levels, compared to other areas of their lives. Personal health and work issues came next, with each cited as a source of high stress by 29 percent of consumers.
Topics: Grow Your Business
3 min read
Debt Down, Confidence Up
Although confidence is still a long way from the historic highs seen during the 25-year history of the Retirement Confidence Survey, 22 percent of workers now say they are very confident about having enough money to live comfortably throughout their retirement years. That’s up from 18 percent last year and a record low of 13 percent in 2013.
Topics: Grow Your Business
1 min read
LUTCF Scholarship Winners Announced
NAIFA and the College for Financial Planning (CFFP) are proud to announce the winners of two full LUTCF® scholarships. Each scholarship recipient will receive tuition credits for each of the three courses that comprise the LUTCF designation program, and each recipient will have three years to use the tuition credits. The LUTCF designation is designed to provide agents and new advisors with fundamental prospecting, selling and practice-management experience.
Topics: Grow Your Business
1 min read
Worksite Sales Increased 5 percent in 2014
The latest results from LIMRA’s U.S. Worksite Sales survey show that voluntary benefits sales increased 5 percent in 2014, compared to 2013.
Topics: Grow Your Business
1 min read
Get a leg up and thrive in the coming years
When I read Advisor 2020, I knew immediately it was crucial for anyone who wants to thrive in the coming years.
Topics: Grow Your Business
Rep. Schweikert Wishes NAIFA a Happy 125th!
[embed]https://youtu.be/mbchYnhKE80[/embed]
Topics: Grow Your Business
3 min read
Americans Continue to Overestimate Cost of Life Insurance
Cost is the reason most Americans give for not owning life insurance, according to the 2015 Insurance Barometer Study, released recently by Life Happens and LIMRA. Yet, 80 percent of consumers misjudge the price for term life insurance, with Millennials overestimating the cost by 213 percent, and Gen Xers overestimating the cost by 119 percent.
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