Wirehouse and other advisors with an itch to open their own independent firm beware: The move can be rewarding — but if (and only if) it’s done correctly, according to several breakaway specialists. The number of advisor teams seeking independence — or breaking away from traditional firms — is at record levels, says Pablo Bizjack, director of business development for BNY Mellon’s Pershing Advisor Solutions. Bizjack recently led a webcast on this subject with MarketCounsel founder Brian Hamburger and PFI Advisors CEO Matt Sonnen. COVID-19 Climate What are the pros and cons of starting a firm in today’s shelter-in-place world? On the one hand, it’s a perfect time, says Sonnen, because an...
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Incentive-based life insurance platform YuLife has been recognised as an insurance industry leader in the most recent Financial Services Forum’s Annual Awards. YuLife was set up to be the first digital life insurance product to inspire life, incorporating incentive-based employee benefits into group coverage. Last week, YuLife was announced as the winner of the 2020 Award for Product Service and Innovation in Insurance at the Financial Services Forum Awards. Shoreditch-based YuLife offer a company life insurance product from £4.99 per employee, per month whilst supporting their physical, emotional and financial wellbeing through an incentive-based app. Members are able to earn attractive...
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Purchasing life insurance is a little bit like bringing an umbrella with you to the park. You hope you won’t need it, but it’s best to be prepared. Peace of mind may be reason enough to purchase coverage, but is life insurance a good investment? In most cases, life insurance is worth it, especially if you can find affordable coverage that meets your needs. If you have family that depends on your income and/or unpaid debt, such as a mortgage, you’ll likely find that life insurance will be essential to your family’s financial security if you die. Fortunately, some of the best life insurance companies make it easy to secure coverage online, and some people may not even need a medical exam....
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NEW YORK--( BUSINESS WIRE )--Voya Financial, Inc. (NYSE: VOYA) today announced that Michael S. Smith, chief financial officer, and Matt Toms, senior managing director and chief investment officer for fixed income, Voya Investment Management, are scheduled to participate on a J.P. Morgan Life Insurance CIO Call on Thursday, June 11, 2020 at approximately 10:45 a.m. ET. The live presentation will be available at the following link on the Voya investor relations website: https://www.netroadshow.com/conferencing/login?show=facba84d&confId=17474. A replay will be available for 90 days at the same website shortly after the presentation concludes. Those interested in listening to the...
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Google Trends analysis shows lower online interest levels in life insurance than at start of pandemic When the coronavirus outbreak took hold of the UK towards the end of March, life insurance as an online search term was hitting around 90% of its interest over time popularity, however at the beginning of May it was below 75%, Google Trends data has suggested. iPipeline, who conducted the research, said that while searches are currently higher than at pre-COVID levels, which stood closer to 60% towards the end of 2019, the decline could be attributed to fewer adviser interactions. Searches for critical illness cover (CIC), meanwhile, have declined to levels lower than those seen prior to...
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REVEALED: 'How To Murder Your Husband' author, 69, is accused of killing her spouse to get $1.1million in insurance payouts, according to court papers filed to stop her getting bail during COVID-19 pandemic Nancy Crampton Brophy, 69, is accused of murdering her husband, Dan Brophy, 63, in Portland in June 2018 Prosecutors say Crampton Brophy, a romance novelist, committed the crime for financial gain They wrote in legal memo opposing her request for release on bail that Crampton Brophy was sole beneficiary of 'numerous' insurance policies DA's Office claimed she wanted financial independence and wished to travel the world They alleged Crampton Brophy replaced original parts in Glock with...
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Mostly, in times like this having adequate insurance is most important, and protecting yourself and family from the unknown becomes critically important. If you have been ignoring or postponing the conversation around insurance, experts say this might be the right time to consider it. The current COVID-19 situation has disrupted lives across the world, and at the same time, led us to focus on what’s really important to us, and how we can build simplicity and resilience in our daily lives to withstand unexpected events. Rishi Mathur, Chief Digital and Strategy Officer, Canara HSBC Oriental Bank of Commerce Life Insurance, says, “The current COVID-19 situation has provided ‘me time’ for many...
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Questions and answers If you retired before December 9, 1980, your basic life insurance reduced by two percent of the face value each month, beginning with the second month after your 65th birthday or your retirement date, whichever is later. This reduction continues until your basic life insurance reaches 25 percent of the face value. This coverage is free. If you retired on or after December 9, 1980, and before January 1, 1990, you elected one of the following reduction schedules for your basic life insurance using the form SF-2818 "Continuation of Life Insurance As an Annuitant or Compensationer:" 75 percent reduction: If you elected this reduction schedule, your Basic life insurance...
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Shoshana Cherson’s husband died suddenly in early 2019, when their daughter was a year old. She had been working as a doula but couldn’t keep a job with such uncertain hours as a single mother. By last fall, she had found a daytime shift as a restaurant server at Jeannie’s, inside a Nordstrom in Manhattan, and put her daughter in a day care near her home, in Crown Heights. On weekends, she arranged playdates with friends and their young children. A year out from becoming a widow, “we were beginning to feel less lonely,” Cherson, who is thirty-five, said. “Our life was starting to hit a nice groove.” Now, as a result of the COVID-19 pandemic, the restaurant and day care are closed. Playdates...
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Since the coronavirus outbreak, the protection team at Alexander Hall has been fielding a number of questions from clients relating to both new and existing cover options. Clients are most commonly asking if protection policies are even still available. One of Alexander Hall’s expert protection advisers, Chelsea Warren, has compiled a list of these FAQs to provide some useful guidance, and give some understanding as to how the insurers the mortgage broker works alongside have responded to the crisis. Should you have any queries relating to a new or existing policy, please contact the Protection Team on 08000 38 37 36 or use the contact us page on our website – click here. Yes. Most...
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