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2 min read

COVID-19 Sparks New Conversations About Financial Matters

By Ayo Mseka on Jul 9, 2020 3:07:11 PM

COVID-19 has been a wake-up call for American consumers to reevaluate their finances. This is according to a new study by Life Happens, a nonprofit organization dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning.

Topics: COVID-19
1 min read

New Federal Proposal Protects the Best Interests of Retirement Savers

By NAIFA on Jul 7, 2020 2:52:58 PM

The Department of Labor has offered a new proposal to “improve investment advice and enhance financial choices for workers and retirees.” The standard set by the new proposal would require financial professionals who provide consumers with retirement planning and advice to act in their clients’ best interests, receive only “reasonable” compensation, and make no materially misleading statements to clients.

Topics: Retirement Planning Retirement
1 min read

COVID-19 Changing the Workplace for the Better

By Ayo Mseka on Jul 2, 2020 9:58:23 AM

Six in ten Americans think COVID-19 has changed the way we work for the better, according to WalletHub’s nationally representative Coronavirus and Working from Home Survey.

Topics: COVID-19
4 min read

COVID-19 Forces Americans to Make Positive Changes

By Ayo Mseka on Jul 1, 2020 1:39:13 PM

COVID-19 has served as a wake-up call to Americans about their vulnerability to unforeseen illness and mortality, and has already inspired three out of four adults to make changes to their plans for the future.

Topics: Financial Wellness
3 min read

Do I Really Need Life Insurance?

By Life Happens on Jul 1, 2020 1:20:39 PM

Let’s face it. Most people put off buying life insurance for any number of reasons—if they even understand it. Take a look at this list. Have you used these reasons before?

Topics: life happens
1 min read

HELOC vs Reverse Mortgage Line of Credit

By Shelley Giordano on May 4, 2020 9:01:34 AM

Many homeowners find peace of mind in having a Home Equity Line of Credit (HELOC), often known as a second mortgage,on their homes. Just having access to several thousands of dollars should it be needed in an emergency provides peace of mind for millions of Americans.

Topics: Reverse Mortgages
2 min read

Avoiding Scams

By Ayo Mseka on Apr 21, 2020 12:07:05 PM

The District of Columbia Department of Insurance, Securities and Banking has some information concerning student loan debt relief scams which you might want to share with your clients.

Topics: Financial Wellness Avoiding Scams
1 min read

Financial Literacy Month is the Perfect Time to Help Clients Fix Their Financial Missteps

By Ayo Mseka on Apr 20, 2020 2:44:22 PM

According to a new Financial Wellness Survey from KeyBank, 75% of consumers consider themselves financially savvy, with 41% stating they're savvier than most or they consider themselves experts in areas of personal finance.

Topics: Financial Wellness
3 min read

COVID-19 Is Creating Financial Stress for Many Consumers

By Ayo Mseka on Apr 20, 2020 1:18:30 PM

During this month, which is Financial Literacy Month, it is interesting to note the high level of financial stress that COVID-19 is creating among many consumers. This underscores the need for many agents and advisors to fully participate in Financial Literacy Month and help their clients during these trying times.

Topics: Financial Wellness
1 min read

NAIFA COVID-19 Resource Kit for Older Adults Available

By NAIFA on Apr 8, 2020 3:58:25 PM

The COVID-19 outbreak presents serious concerns and challenges for older Americans, in terms of maintaining their health, ensuring their financial security, and dealing with difficulties brought on by social distancing and disruptions in normal services. NAIFA has compiled a resource guide to help older adults during the current crisis.

1 min read

NAIFA COVID-19 Resource Kits Available

By NAIFA on Apr 8, 2020 3:36:39 PM

With the COVID-19 outbreak, financial professionals and consumers alike need sources of information and guidance they can trust. NAIFA has developed a series of resource kits that focus on specific issues and groups specifically impacted by the pandemic. Our primary COVID-19 resource kit explains the important role insurance and financial professionals play in helping Americans through this crisis and provides resources useful for everyone. Topical resource kits focus on:

1 min read

Term Life Insurance vs. Permanent Life Insurance

By NAIFA on Mar 31, 2020 9:43:29 PM

Many individuals take out a life insurance policy to provide for their family's financial wellness in the event that something happens to them. Two popular life insurance options are term life insurance and permanent life insurance. What are the differences between these two selections?

Topics: Life Insurance
2 min read

Financial Wellness Contributes to a ‘Life Well-Lived’

By Aamir Chalisa, MBA, LUTCF on Jan 13, 2020 6:20:00 PM

Topics: Financial Planning Financial Wellness
4 min read

Do You Have a Plan for Long-Term Care?

By Chris Orestis on Jan 8, 2020 4:49:00 PM

The costs of long-term care are increasing every year, but most families do not understand what they will be confronting when it is time to start paying for care.

Topics: Long Term Care
2 min read

Helping Clients Achieve Financial Freedom is Richly Rewarding for this NAIFA Trustee

By Advisor Today on Dec 12, 2019 4:46:00 PM

3 min read

Why You Need a Financial Advisor

By Elie Harriett on Dec 3, 2019 4:42:00 PM

The internet is great, isn’t it?  Every decision-making tool you could possibly need is there, right at your fingertips.

But some decisions are more important than others.  Some could affect the very lifestyle you lead for the rest of your life.  And some could mean the difference between being able to pay for your child’s college tuition, or even your ability to pay your bills next month.

Topics: Benefits of a Financial Advisor