Key person protection is important for ensuring that your client’s business overcomes the loss of a vital employee. What is your client doing to protect their business if a key person is no longer there to help drive business? Unfortunately, many business owners don’t consider the risks of losing a key person until it is too late.
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.
From the tech bubble burst to the Great Recession, members of Generation X have had their list of financial woes and notable setbacks impacting their long-term financial planning.
The majority of the nation’s wealth is expected to soon be controlled by women and if over half of those women prefer to receive financial advice from other women, then men- you’re in trouble.
Whether they’re a brand new client or someone you’ve been working with for years, there’s a good chance one of your customers has gaps in their insurance coverage. While this can be a risky state of affairs for them, it also represents an ideal opportunity for you to sit down with your client and help them understand all the options at their disposal to ensure comprehensive coverage.
A recent study from LIMRA found that nearly 9 in 10 annuity owners are confident regarding their retirement lifestyles. Now, new regulations put in place by the the U.S. Department of the Treasury could open the door to more clients benefiting from the unique advantages offered by annuities.