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3 min read

Americans Find Breathing Room between Bouts of Market Volatility

By Ayo Mseka on Sep 29, 2020 4:18:29 PM

As markets settle from initial COVID-19-related health and economic crises, Americans are evaluating the damage and reassessing their market volatility threshold. According to new findings from the Q3 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America (Allianz Life) fewer people express concern over a coming recession than they did last quarter (57% compared with 65%), though the number is still higher than it was for all of 2019.

1 min read

American Savings Education Council Foundation Re-Launches Website

By Ayo Mseka on Sep 21, 2020 6:09:50 PM

The Employee Benefit Research Institute (EBRI), a private, nonpartisan, nonprofit research organization, has re-launched the website of its non-profit foundation, the American Savings Education Council (ASEC) at www.asec.org.

1 min read

Watch Chris Gandy Work

By Suzanne Carawan on Sep 21, 2020 1:29:19 PM

Chris Gandy is a financial advisor in Chicago that works every day to increase the financial security of his clients. With no minimums, Chris wants everyone to know that having a financial plan is for you--and not just for the wealthy. In fact, Chris wants to meet each person where they are and let's them know that they are always wealthier than they think. He uses common sense approaches to discuss your income, budget, risk and long-term goals such as college and retirement.

Recently featured in Advisor Magazine for his work in financial services and his commitment to financial literacy, Chris is also a model NAIFA citizen. He is President of NAIFA-Chicagoland and volunteers hundreds of hours per year in the community. 

A huge proponent for African-Americans in financial services, Chris often speaks to students about his career and his leap from sports to financial services. Chris will be a featured speaker to university students on NAIFA's upcoming Future Leaders Program which will be held on October 6, 2020 in connection with the University of Illinois where Chris was a star student-athlete before going pro. 

Learn more about Chris in his feature article and about the firm that he founded and now runs called Midwest Legacy Group

2 min read

Millennials and Life Insurance

By Ayo Mseka on Sep 17, 2020 5:09:22 PM

Millennials (24–39 years old) are approaching a milestone birthday as the first in the generation turns 40. And as they age, there's a chance they will become owners and beneficiaries of life insurance policies. Along with new life insurance policies come responsibilities to be aware of, like learning about key information that will ensure that benefits get paid when needed.

3 min read

Boomers, the Most Confident in their Financial Future

By Ayo Mseka on Sep 14, 2020 3:00:00 PM

Data from New York Life found that although Baby Boomers are feeling the most rattled by recent events, they have revealed an important lesson for all generations: It is critical to plan ahead to hedge against the unexpected.

3 min read

Cyber-Safety Tips for Students

By Ayo Mseka on Sep 10, 2020 5:53:33 PM

With back-to-school season in full swing, the danger of online hacks and scams is on the rise. The following article from NordPass offers some useful tips students can follow to ensure a safe online experience:

3 min read

Money-Saving Tips for College Graduates

By Ayo Mseka on Sep 8, 2020 3:46:07 PM

The following are steps students can take to avoid common money-management mistakes and build financial literacy for success after graduation. These steps, and more financial-literacy ideas, can be found at www.wallethub.com.

2 min read

Understanding Your Insurance Card

By Ayo Mseka on Sep 3, 2020 5:31:33 PM

The following article from the National Association of Insurance Commissioners (NAIC) provides some useful information on accessing and using your health insurance card:

2 min read

A Brief History of Social Security

By LIMRA on Aug 19, 2020 9:12:12 PM

A new column on Social Security posted in LIMRA’s Industry Trends, offers a short history of Social Security:

3 min read

Buying Your Dream Home? Protect Your Property with Title Insurance

By NAIC on Aug 18, 2020 3:30:00 PM

Buying a home is a major decision—one that affects every aspect of our lives. In this article, the National Association of Insurance Commissioners (NAIC) explains why you need to protect your home with Title Insurance.

3 min read

The Difference Between Admitted and Non-Admitted Insurance Carriers

By CARLIE LAWSON on Aug 7, 2020 6:21:51 PM

When you shop for insurance, you need to understand the difference between an admitted and non-admitted insurance carrier. The terms admitted and non admitted refer to whether a company qualifies for state backing similar to that which the Federal Deposit Insurance Corporation (FDIC) provides for banks. You and your clients are safer purchasing insurance at admitted companies. Here's why.

1 min read

Americans See Increase in Cyber Attacks and Identity Theft

By Ayo Mseka on Aug 5, 2020 3:26:57 PM

U.S. consumers are worried about their data security, and with good reason. A survey released by HSB, part of Munich Re, shows a continuing increase in identity theft, cyber-attacks and online fraud, as criminals steal personal information and millions of dollars.

3 min read

Avoiding Scams

By Bryan Kuderna, B.Sc., CFP, LUTCF on Jul 14, 2020 9:25:54 AM

When catastrophe strikes, it’s common nature to feel the urge to band together and unite towards a common goal.  Leaders from small town neighborhoods all the way up to the President have done just that in light of the chaos and confusion created by the novel coronavirus—COVID 19.

Topics: Security Avoiding Scams scams
4 min read

Disability Income Insurance

By NAIC on Jul 14, 2020 8:00:00 AM

Many people may not realize their most valuable asset is their ability to work. But if illness or injury left you disabled and kept you from earning a living, how would you pay your bills? According to the U.S. Social Security Administration, more than one in four of today's 20-year-olds will become disabled before reaching retirement age.

Topics: Disability Income Insurance
3 min read

3 Myths that May Leave Your Family Unprotected

By Life Happens on Jul 13, 2020 1:50:43 PM

Many families have common misconceptions about the need for life insurance. Read the below article by Life Happens to learn about the three life insurance myths that may leave your family unprotected from life’s many uncertainties. 

Topics: Financial Literacy

Investing $1,000

By The Penny Hoarder Staff on Jul 13, 2020 1:33:01 PM

If you have $1,000 in your checking account right now, you might want to make the investment moves described in this article by The Penny Hoarder staff in the link below.

Topics: Financial Literacy
1 min read

CONSUMERS DEFINE WEALTH AS PUTTING FAMILIES FIRST

By Ayo Mseka on Jul 13, 2020 12:32:06 PM

According to the John Hancock Wealth Across America Survey, when American consumers are given five options to choose from about how they prioritize their finances, the most important thing they think about is supporting loved ones (29%). And 39 percent define wealth as putting family first. This is the top answer received in 49 out of the 50 states.

Topics: Financial Literacy
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

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