The holiday season can be stressful, without having to worry about household finances. In this episode of LIMRA Unplugged, LIMRA's Alison Salka and Jim Kerley offer three ways advisors and companies can help consumers combat financial stress.
The holiday season is a time to celebrate with friends and family, but it can also exacerbate financial stress.
LIMRA research shows there are about 19 million “stuck shoppers” - potential life insurance buyers who start the process but never finish. To help combat this issue, many companies are implementing simplified underwriting processes to lower costs and improve customers’ buying experience.
According to LIMRA research, more than one in three U.S. families would have financial difficulty within one month of a primary wage earner dying. More than half say they would be in financial jeopardy within a year. Having enough life insurance coverage could protect families from this risk.
According to The United States Census Bureau, the population of the United States is rapidly becoming older. One of their latest projections says that 20 percent of the country’s population will be over the age of 65 by 2030.
WINDSOR, Conn., May 4, 2015 — A new LIMRA study finds 42 percent of Americans said household finances caused “somewhat high” or “very high” stress levels compared to other areas of their lives.
According to LIMRA Secure Retirement Institute (LIMRA SRI), 73 percent of advisors report that they specifically offer financial wellness support in their defined contribution (DC) plans.
July is National Retirement Planning Month - according to LIMRA Secure Retirement Institute research, between now and 2045, more than 30 million Americans will retire.
Watch LIMRA’s second edition of LIMRA Unplugged! In this quarter’s podcast, Alison Salka and Jim Kerley will discuss five ways to help clients achieve their optimal retirement.