Archive : Millennials

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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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Legacy Planning When You’re Young Is Smart Thinking

Legacy Planning When You’re Young Is Smart Thinking

You don’t have to reach middle age to start thinking about legacy planning. In fact, with the growing number of available digital assets and the growing utilization of these assets, the need to plan is becoming more important at a younger age.
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Reaching the Next Generation of Wealth Transfer Consumers

Reaching the Next Generation of Wealth Transfer Consumers

Two concurrent things have been happening: the economy is improving and Millennials, especially the older members of that generation, are moving along in their careers. And, judging by the fact that they are not only the largest generation in America—bigger than the Baby Boomer generation by approximately ten million—
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Old Student Loans Can Come Back to Haunt Retiring Seniors

Old Student Loans Can Come Back to Haunt Retiring Seniors

The New York Times recently reported that the number of older Americans with student loan debt has almost tripled in the past nine years from 700,000 to more than two million and, during that time, that the outstanding debt grew from $8 billion to $43 billion.
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Millennials Need Life Insurance, Too

Millennials Need Life Insurance, Too

If their generation continues to practice many of the habits they’ve begun to establish, Millennials may become one of the most financially responsible generations in history. Millennials are cognizant of the reality that they will need to be active participants in their future security by weaving their own financial safety nets. Surveys indicate that Millennials’ top financial priorities are paying off student loans and saving for retirement before they think about buying a house.
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