Archive : Generations

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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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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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Raising Money-Savvy Kids

Raising Money-Savvy Kids

The issue of teaching children financial responsibility has become so important that a few states are now requiring students at public schools to take a personal finance class before they graduate.   These classes are designed as an adjunct to – not a replacement for – sensible money management habits learned at home. And while the curriculum typically covers a number of important financial topics, such as budgeting, credit cards, loans, etc., it doesn’t cover personal family values and lifestyles.
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Respecting Caregivers

Respecting Caregivers

I have always had respect for caregivers. It is a difficult responsibility, requiring a great deal of sacrifice and dedication. Not surprisingly, it can also result in a lot of stress and, in many cases, financial as well as physical strain that can impact the caregiver’s own well-being. A recent study by the National Alliance for Caregiving and AARP showed me some of the numbers and really opened my eyes to how extensive the issue of caregiving actually is.
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Check Your Beneficiary Designations

Check Your Beneficiary Designations

I regularly urge readers to organize their estates and I’ve talked at length about including all assets in that planning, so I would be remiss not to mention an important piece of estate organization advice. Make a habit of periodically checking the beneficiary designations on your life insurance policies – as well as other financial accounts for which you may have beneficiaries. The reason for this is that these designations bypass your will. That means that the proceeds of the insurance are not controlled by your will but rather the beneficiary designation listed on your policy.
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