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ICYMI. The Medico short-term care insurance policy can reimburse a policyholder for part of the cost of home care, or fo...
02/22/2020
Medico's AARP Short-Term Care Insurance Product Reaches Market | ThinkAdvisor

ICYMI. The Medico short-term care insurance policy can reimburse a policyholder for part of the cost of home care, or for the cost of staying in a nursing home, assisted living facility, or adult daycare program.

The product offers access to care coordination benefits as well as reimbursement for care.

The opportunity: 52% of Gen Xers and 39% of millennials still do not have an advisor to guide them through the looming w...
02/21/2020
How to Attract, Retain and Satisfy Millennial and Gen X Clients | ThinkAdvisor

The opportunity: 52% of Gen Xers and 39% of millennials still do not have an advisor to guide them through the looming wealth transfer from baby boomers, according to a special report from Nationwide Advisory Solutions’ annual Advisor Authority study.

A survey from Nationwide teases out how these generations are different from each other and from older investors.

Analysts at the AgeUp surveyed 1,335 U.S. adults ages 25 through 44 to find out how much they know about their parents' ...
02/20/2020
Parents and Their Adult Children Need to Talk: Survey | ThinkAdvisor

Analysts at the AgeUp surveyed 1,335 U.S. adults ages 25 through 44 to find out how much they know about their parents' finances. Topics they polled on include 401(k) plan savings, credit card debt, Social Security benefits and pension plans.

A MassMutual agency is using the survey results to promote a parent support annuity.

The joint effort by the Society of Actuaries and Plug and Play Tech Center will have several components.
02/19/2020
SOA Connects With Plug and Play | ThinkAdvisor

The joint effort by the Society of Actuaries and Plug and Play Tech Center will have several components.

A mentorship program will give actuaries a chance to see, and shape, insurtech efforts.

TalktoMira's program might to agents and brokers who sell dental discount cards look like a high-tech health discount ca...
02/18/2020
Mira Program Combines Online Health Scheduling and Flat-Fee Rates | ThinkAdvisor

TalktoMira's program might to agents and brokers who sell dental discount cards look like a high-tech health discount card program that offers flat-rate pricing.The company describes it as a “tech-enabled care coordination company,” or a Costco for sourcing primary care and routine urgent care.

The startup is paying brokers a 5% referral fee.

Commentary by Sandy Schussel—Powerful Coaching for Financial and Insurance Professionals.
02/18/2020
Knowledge Is Not Power | ThinkAdvisor

Commentary by Sandy Schussel—Powerful Coaching for Financial and Insurance Professionals.

To be the best, a top sales coach says, act like the best.

Sales of all kinds of fixed annuities fell between the fourth quarter of 2018 and the latest quarter, according to new S...
02/18/2020
Variable Annuity Sales Rise: Survey | ThinkAdvisor

Sales of all kinds of fixed annuities fell between the fourth quarter of 2018 and the latest quarter, according to new Secure Retirement Institute insurer survey results summary.

Sales of fixed annuities went in a different direction.

Here are lightly edited excerpts from two letters Thomas Jefferson wrote in July 1785 about the key sculptor life insura...
02/18/2020
Life Insurance and George Washington's Statue | ThinkAdvisor

Here are lightly edited excerpts from two letters Thomas Jefferson wrote in July 1785 about the key sculptor life insurance procurement effort surrounding a statue of George Washington.

One of Thomas Jefferson's jobs was to find key person life insurance for the sculptor.

Here are seven things the witnesses told the Senate Homeland and Governmental Affairs Committee about how they see the c...
02/14/2020
7 Things the Senate Is Hearing About Covid19, for Agents | ThinkAdvisor

Here are seven things the witnesses told the Senate Homeland and Governmental Affairs Committee about how they see the coronavirus situation, and how they think the federal government should handle it.

One expert said outbreaks could start to emerge in the United States in about two to four weeks.

Washington state Insurance Commissioner Mike Kreidler imposed a $5,000 fine on UnitedHealthcare of Washington Inc. in co...
02/13/2020
Washington State Dings Insurer Over Names on Checks | ThinkAdvisor

Washington state Insurance Commissioner Mike Kreidler imposed a $5,000 fine on UnitedHealthcare of Washington Inc. in connection with allegations that the company violated Washington state name use rules.

The state requires insurers to put their official names on checks.

Gary St. Hilaire succeeds Kevin Conlin as Horizon Blue Cross Blue Shield of New Jersey’s president and CEO April 6, the ...
02/12/2020
Gary St. Hilaire to Lead Horizon Blue | ThinkAdvisor

Gary St. Hilaire succeeds Kevin Conlin as Horizon Blue Cross Blue Shield of New Jersey’s president and CEO April 6, the company says.

The New Jersey carrier provides coverage for about 3.8 million people.

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