Help Close the Financial Security Gaps in LGBTQ+ Community

22 Jun

While the LGBTQ+ community has made much progress over the past decade in terms of legal protections, thanks in large part to a few different favorable rulings from the U.S. Supreme Court, when it comes to many measures of financial security LGBTQ+ individuals still lack equality with the general U.S. population. More>>

Insurance Considerations for the AAPI Community

30 May

The United States of America has a dynamic, diverse population. In fact, our diversity is part of what makes us a strong, vibrant nation. Included in our country’s unique culture are the Asian American and Pacific Islander (AAPI) communities. Here is a brief AAPI community introduction:

With hundreds of cultures and ethnicities included in this one designation, you can safely assume that while there may be intercultural similarities, there are also many differences. These differences complicate introducing AAPI concerns, goals and issues as singular or comprehensive—and insurance concerns and considerations are no different. More>>

13 Tips for Getting More Clients

13 Apr

A recent study conducted by Dow Jones and Broadridge Financial Solutions division AdvisorStream, which offers digital marketing, found that there is significant demand among investors for advisory services, especially among younger investors.

Based on the findings of that study, in which 1,269 investors were surveyed in the U.S., Canada and the U.K., advisors and industry experts at AdvisorStream and Dow Jones provided some helpful tips for advisors to improve their businesses. More>>

Top 5 States for Life Expectancy at Age 65, Before COVID-19

30 Mar

Clients in some states may face a pleasant problem: They are likely to live about 0.7 years longer than residents in a typical state. The National Vital Statistics System (NVSS) has given actuaries and advisors new data for addressing the longevity risk challenge in two important new reports.

Models built on NVSS data can help advisors estimate how much life insurance clients need and how long they might need to make income and assets last in retirement. The data streams may also have complicated, indirect effects on clients’ finances. More>>

Lack of Knowledge and Confidence Deter Women from Purchasing Life Insurance

10 Mar

To get a better understanding about why some women were reluctant to purchase life insurance coverage and their perceptions about the process and the industry, LIMRA conducted a qualitative study in February 2022, speaking to women about their financial priorities, their perceived barriers to purchasing life insurance, and how the industry can adjust to better serve them. More>>

LIMRA: Significant Life Insurance Coverage Gap Remains in Black American Community

23 Feb

Black Americans recognize the important role life insurance plays in protecting their loved ones. According to the 2021 Insurance Barometer study, conducted by LIMRA and Life Happens, 56% of Black Americans own life insurance, which is higher than the national average (52%). Yet 46% of Black Americans — representing 20 million adults — say they need (or need more) life insurance coverage, which indicates a substantial coverage gap in the Black American community. More>>

Join Life Happens’ Twitter Chat for Insure Your Love

15 Feb
Join Life Happens for a Twitter Chat during Insure Your Love month this February. We’ll discuss new data from our latest study, “For Love and Money,” that analyzes the way people express or receive love and how that changes finances and financial conversations in their relationship.
Love can be expressed in many ways: a knowing glance, a kind deed, shared memories, a thoughtful gift, words of encouragement — and life insurance. We hope this chat serves as a reminder to you that getting life insurance is an act of love that goes beyond words. More>>