LIMRA Reports: Though Bank Life Insurance Sales Down, Growing Millennial Base a Positive Move
LIMRA’s recently released results for bank life insurance sales in 2015 presents a “glass half-full, glass-half-empty” situation.
Why is financial literacy so important?
Today’s consumers have to manage increasingly complex financial issues. From student loans, credit card and other debt, and managing increased healthcare costs, to retirement savings and addressing the financial risks in retirement, there are more financial balls in the air for consumers to juggle. A Secure Retirement Institute (SRI, formerly LIMRA Secure Retirement Institute) study finds only 13% of American adults feel very knowledgeable about financial products and investments.