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Consumers with Advisors More Financially Prepared and Confident Than Do It Yourselfers

A new study that was commissioned by MDRT and conducted online by Harris Poll found that 79 percent of Americans have never hired a financial planner. Thirty-eight percent of these consumers say it’s because they are capable of managing their finances alone. However, many Americans who have hired a financial professional report feeling confident at the sight of complex financial ...

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Americans Are Stressed About Retirement, But Not Taking Steps to Prepare for It

Many American workers are feeling stressed about retirement but are not taking steps to prepare for it. And those feeling stressed have lower levels of retirement confidence and are less likely to feel financially secure, according to the 2017 Retirement Confidence Survey (RCS) by EBRI and Greenwald & Associates. This year’s survey finds that 3 in 10 workers feel mentally ...

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NAIFA Hosts First Diversity Symposium

The first Diversity Symposium organized by NAIFA was a huge success by any accounts.  Held just before the association’s 2017 Congressional Conference in Washington, D. C., the meeting brought together forward-thinking executives from some of the nation’s top financial firms to discuss the importance of having a diverse workforce and helpful hints for making this happen. On hand to give ...

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NAIFA Launches New Gold Standard for Life and Annuity Professionals

Practitioners who earn LACP Certification exemplify excellence in industry knowledge, ethical business practices The National Association of Insurance and Financial Advisors – the founders of the Life Underwriter Training Council Fellow (LUTCF) designation – present a new international certification, the Life and Annuity Certified Professionals (LACP), for life and annuity professionals. The NAIFA LACP serves consumers by recognizing financial professionals ...

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Consumers Want Same Experience When Buying Life Insurance and Other Retail Products

A new LIMRA study reveals that consumers expect transparency from a life insurance purchase in the same way they would for buying other retail or travel products. There are several overarching factors that consumers feel contribute toward transparency. First, consumers want easy-to-understand terms and if possible, a glossary. They are also looking for clear and accurate ways to compare companies ...

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Female Advisors Weigh in on Industry Trends

An Edward Jones study of female financial advisors reveals the top issues concerning the financial-services industry in the next twelve months. “Key findings show female financial advisors are less worried about the impact of robo-advisors on their business and are finding new ways to work with female clients through women’s networks,” said Katherine Mauzy, Principal of Financial Advisor Talent Acquisition. “By ...

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Financial Stress Hurts Well-Being of Working Americans

The Guardian Life Insurance Company of America recently released Mind, Body and Wallet, the latest set of findings from the Fourth Annual Guardian Workplace Benefits Study. The research reveals that anxiety over personal finances is the leading cause of emotional stress and contributes to lower physical wellness.  While the study shows that many working Americans are dealing with financial and ...

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Medicare Enrollment—Clearing the Air

If you are an agent selling Medicare plans, one of the best things you can do for your clients is to clarify the sometimes confusing eligibility and sign-up rules and procedures they have to follow if they do not want to be penalized. As you know, Medicare enrollment begins three months before your client’s 65th birthday and continues for seven ...

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Huge Gap between Millennials’ Financial Confidence and Knowledge

Millennials are overconfident and underprepared when it comes to managing their money. This is according to new research funded by the National Endowment for Financial Education® (NEFE) and conducted by George Washington University. They consider themselves far more knowledgeable financially than they actually are. “Millennials are known for having unrelenting belief in their own abilities. This generation is diverse and ...

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Black Americans More Likely to Buy Life Insurance Than the General Population

Six in 10 Black American households (approximately 9.9 million) indicate they are fairly, or very likely to buy life insurance for themselves or another member of their household in the next 12 months, compared to just 45 percent of the general population. In a similar LIMRA study conducted in 2010, Black Americans proved to be more receptive to buying life insurance at that time ...

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