Author Archives: Ayo

Growth in Mobile Devices

LIMRA research finds significant growth in mobile initiatives for life insurers since 2011. Across all three stakeholders (consumer, financial professional and policy owner) mobile initiatives at least doubled in the past five years (See chart). There are many reasons life insurers are moving toward the adoption of mobile capabilities. The top three reasons for mobile initiatives are: Keep pace with ...

Read More »

Gaining Financial and Emotional Confidence

A study by The Guardian Life Insurance Company of America has explored the link between financial confidence and life satisfaction for consumers and identified the specific behaviors that lead to success in these areas. According to The Guardian Study of Financial and Emotional Confidence, 78 percent of working American families are stressed and worried about their financial future, regardless of ...

Read More »

Call for Nominations for Advisor Today’s 2017 Four Under Forty Awards!

Advisor Today is currently accepting nominations for its Four Under Forty Award Program. The deadline for all nominations is April 7, 2017. Nominating a NAIFA member is easy. The nomination form is available for download here (PDF). You can also print and fax the Nomination Form to Ayo Mseka at 703-770-8471. Entries emailed or faxed must be received no later ...

Read More »

Data Breaches: A Major Risk for Financial Professionals

Dealing with cyber threats and staying compliant with government and industry requirements are now inherent risks of doing business for financial professionals. While some in insurance and financial services have awakened to this reality, most have significant work to do to protect themselves and their clients. In today’s digital age, maintaining a formalized information-security plan and staying compliant with federal, ...

Read More »

Prices of LTCI Policies Show Nominal Increase

A couple in their 60s purchasing new long-term-care insurance coverage can expect to pay between six and nine percent more compared to a year ago, according to the annual industry analysis of prices by The American Association for Long-Term Care Insurance. “A typical couple where both spouses are age 60 will pay between $100 and $150 a month each for long-term ...

Read More »

Tech Use Rises to Meet Consumer Demands

A LIMRA study conducted with financial professionals finds that 92 percent agree that consumers expect faster responses to their questions than they did in the past. That’s not surprising, given the increase in the number of multichannel expectations that consumers have about companies they do business with.  Whether they contact a company by phone, online, text, or in-person, today’s consumers want ...

Read More »

Survey Reveals Top Concerns of Consumers and Businesses

The Travelers Companies, Inc. recently announced the results of the Travelers Risk Index, an annual survey that provides insight into the most pressing concerns of American consumers and business leaders. While fewer respondents believe that the world is becoming riskier, there are shared concerns about cyber threats, the demands of a changing workforce, and severe weather. “Our findings reveal common ...

Read More »

Survey Reveals Top Concerns of Consumers and Businesses

The Travelers Companies, Inc. recently announced the results of the Travelers Risk Index, an annual survey that provides insight into the most pressing concerns of American consumers and business leaders. While fewer respondents believe that the world is becoming riskier, there are shared concerns about cyber threats, the demands of a changing workforce, and severe weather. “Our findings reveal common ...

Read More »

Most Retirement Plan Sponsors Would Recommend Their Advisor

A study from Massachusetts Mutual Life Insurance Co. has good news for financial advisors who want to build their retirement plan practices: Nearly nine in 10 employers that sponsor a retirement plan would recommend their financial advisor to another employer. “Overwhelmingly, retirement plan sponsors are pleased with the support they receive from their financial advisor and are more than willing ...

Read More »