In the webinar, Kreunen will showcase Ohio National’s new Prestige 10 Pay Indexed Whole Life policy and discuss why it makes sense today and in the future. He will also give a demonstration of relevant sales applications for a multi-pay indexed whole life policy.
1 min read
1 min read
NAIFA and the Society of Financial Service Professionals will host an Advanced Practice Center webinar on Wednesday, October 12 at 2 pm eastern. Presented by John Hancock, join Matthew Gibson and John Snider II, JD as they share their insights in "Is Behavioral Insurance the Future of Life Insurance?"
3 min read
Life insurance is a crucial part of any solid financial plan, but 41% of Americans say they don’t have sufficient life insurance coverage. That's why NAIFA partner Life Happens created Life Insurance Awareness Month (LIAM) and why NAIFA strongly supports efforts to promote the benefits of life insurance during September and all year long. For agents and advisors, LIAM is the perfect time to meet with your clients to make sure their life insurance coverage meets their needs.
1 min read
In this session, McNeely will share insights on how to help your clients evaluate risk and the importance of consistently analyzing risk. A loyal NAIFA member since 1996, McNeely is Past President of NAIFA-WI, a graduate of NAIFA’s Leadership in Life Institute (LILI), and a Financial Security Advocate.
4 min read
On July 20, NAIFA participated in the #GettingMillennialsInsured Twitter chat hosted by LIMRA and the American Council of Life Insurers (ACLI). The chat was an informative and insightful discussion with LIMRA, ACLI, NAIFA partner Life Happens, and Life Happens President & CEO Faisa Stafford.
- The impact of the COVID-19 pandemic on consumer attitudes toward life insurance
- How to increase awareness of the need for life insurance
- How to dispel misconceptions about life insurance
- How to increase access to life insurance
2 min read
Total U.S. life insurance new annualized premium increased 17% in the first quarter of 2022, representing the fifth consecutive quarter of double-digit premium growth, according to LIMRA’s First Quarter 2022 U.S. Retail Life Insurance Sales Survey.
“Nearly half of life insurers reported premium gains in the first quarter but the majority of the growth came from the top 10 carriers. Nine of the top 10 reported double-digit growth. Combined, their sales increased 32% from last year,” said John Carroll, senior vice president, head of insurance and annuities, LIMRA and LOMA. “While the overall number of policies sold was lower than the record sales set in first quarter 2021, policy sales matched pre-pandemic levels.”
3 min read
We are increasingly aware of the importance of staying secure in a world where cyber threats increase day by day. Heightened awareness around the Ukraine-Russia geopolitical tensions has taken cybersecurity to the next level. There are alerts and notices coming across multiple sources from regulatory bodies to industry-specific regulators, government agencies, consulting firms, and more. Samples include White House Cybersecurity Briefing, CISA (Cybersecurity & Infrastructure Security Agency), NYDFS, the Department of Homeland Security (DHS) Cybersecurity Intelligence Warning, and Accenture’s Cyber Threat Intelligence group.
Alongside these continued tensions between Russia and Ukraine is the potential for increased cyber threat activity. With military attacks, we should assume there will be accompanying cyber attacks.
5 min read
Stephen Kagawa, FSS, LUTCF, founder and CEO of The Pacific Bridge Companies (TPBC), has a vision—to help families protect what they love through TPBC’s platform, Aloha Financial Advisors. As Kagawa explains, “Aloha Financial Advisors is all about doing good and having advisors who are rooted in their vision of a better world driven by their core values.”
Where It All Began
The story of Kagawa’s passion for reaching underserved communities goes back nearly a century. In 1933, his grandfather, Lawrence Takeo “L.T.” Kagawa, was disappointed to learn that life insurance companies either refused to write policies for people of color or demanded higher premiums than that of their Caucasian neighbors. He partnered with A.P. Giannini, founder of Bank of America and Transamerica, and helped bring affordable life insurance to all people of color.
2 min read
LIMRA and Life Happens have published the results of their 2022 Insurance Barometer Study. The new study surveyed 8,517 individuals and shows two key trends: life insurance is key to financial security and gender gaps extend to life insurance coverage.
Financial Security with Life Insurance
While financial insecurity affects all age groups, more life insurance owners (68%) report feeling financially secure than non-owners (47%). Additionally, the COVID-19 pandemic had increased awareness of the need for life insurance and 31% of those surveyed say they are more likely to buy life insurance this year.
1 min read
Alex Parker is dedicated to serving everyday citizens and helping underprivileged youth in his community.
Parker started his financial services career with Northwestern Mutual in 2019, providing comprehensive financial planning for Americans in over a dozen states. He works primarily with young professionals, helping them navigate their finances and manage wealth. The best thing about his career, he says, is seeing the impact he has on his clients’ lives and helping them become financially secure.