Nationwide draws parallel between number of business owners with no plans to retire and lack of succession plan in new study. Two in three business owners report not having one in place.
Younger generations often start out having more questions and feel working with a financial professional is the best way for them to learn and understand. The trend shows as buyers age, they feel more comfortable using other purchasing methods.
The strategic alliance, starting with an MA plan in 2019, is intended to maximize choice for seniors by leveraging Mutual of Omaha’s customer-centered brand and Lumeris’ value-based model.
First-ever J.D. Power U.S. Independent Insurance Agent Satisfaction Study takes pulse of largest P&C distribution channel, and finds overall agent satisfaction with insurers is just 696 (on a 1,000-point scale) for personal lines and 686 for commercial lines.
One specific prediction is that defined contribution (DC) plans will evolve to provide more options for contract or independent workers. LIMRA has also announced a focus on agent retention for its upcoming Distribution Conference.
Increase in application activity for younger buyers in the second half of last year drives 2017 MIB Life Index; is said to validate industry’s investment in reaching this key segment of the underserved market.
While Vermont is only state to earn an A+ grade, significant new restrictions imposed on underwriting freedom relegated Delaware to the bottom of R Street Institute’s 2017 Insurance Regulation Report Card.