Given that the baby boomer generation is a very large one – with a population of more than 77 million in the United States in 2008 – insurance agents and financial advisors should ensure that they are meeting their unique needs.
When was the last time you talked with your clients about their financial plan if they were to suddenly become disabled? Disability insurance is reported to be one of the most overlooked types of insurance. If you haven’t discussed it recently with your clients, now is a good time.
Life insurance policies can benefit people in some unexpected ways. Most people know the primary benefits of life insurance: To meet financial obligations upon a policyholder’s death, as well as maintain their household should they have any spouses or dependents to support. But in certain scenarios, life insurance policies can provide a much larger benefit that can help shape a family’s legacy.
Death benefits may be the most commonly associated feature of life insurance, for both financial advisors and clients. However, there are many benefits of life insurance that clients can take advantage of now.
There’s a good chance many of your clients are experiencing worry over retirement. Such a significant life transition is bound to come with feelings of apprehension, and it’s typically the financial side of things that gives clients the most pause.
Many people view disability as something that happens suddenly, something that happens after car accidents, a disastrous sports injury or a disease that spreads and immobilizes quickly.
It’s never easy to discuss the end of a client’s life, and it can be particularly difficult to navigate the topic of business succession planning.