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Transforming the Life Insurance Experience

Transforming the Life Insurance Experience

Innovation and advances in digital technology are happening all around us. And while much of the innovation in the life insurance industry thus far has taken place on the back-end, i.e., improved processing and information gathering, the front end of life insurance still looks very much the same as it always has. Unfortunately, the consumer market has dramatically changed. We are now looking at Millennials being the largest population group, finally surpassing Baby Boomers in 2016 according to a Pew Research Center Study. Why is this critical for the life insurance industry?
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The Changing Dynamics in Life Insurance

The Changing Dynamics in Life Insurance

Life insurance is still an extremely valuable and viable safety net for protecting a financial future. But consumers and the marketplace have changed. And the surest way to kill life insurance is to stick to the status quo. As the leading edge of the millennial population group ages, they are getting married, buying homes and having children – the typical top triggers for life insurance shopping. As a result, there has been an increase in life insurance sales in this market segment – up 48% since 2010 according to LIMRA’s 2016 Household Trends in Life Insurance Ownership Study.
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Five Mistakes Made by the Ultra-Wealthy to Avoid

Five Mistakes Made by the Ultra-Wealthy to Avoid

We generally assume that someone who has a lot of money must be really smart about money. Maybe. But according to “Rich Habits” author Tom Corley, who spent five years studying the habits of rich people, they don’t always know better. Here are five of the mistakes he and other wealth managers found that rich people make. Some may sound familiar to you. Some may be surprising.
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Money and Marriage

Money and Marriage

Why do so many couples have trouble talking about money? In a survey by the National Foundation for Credit Counseling, 68 percent of the people responding held negative views toward having a discussion about money with a fiancé. Five percent of them even felt that it might lead to cancelling the wedding.
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Efficiency and Effectiveness

Efficiency and Effectiveness

When defining productivity, two words come to mind: efficiency and effectiveness. They seem synonymous or perhaps sequential — that the former might lead to the latter — when in reality, they’re two sides of the same coin. Efficiency relates to the speed with which a task is accomplished and effectiveness describes the success of that end product. In order to be truly productive, you need a balance.
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