Tag Archives: Insurance

Making Retirement Money Last to 103: An Expert’s Plan for Himself

Americans worry about affording retirement, but that doesn’t usually translate into hard-core financial planning. Then there’s David Littell, the 61-year-old director of the retirement income planning program at the American College of Financial Services, a nonprofit that educates financial advisers. If anyone ought to have a well-thought-out plan, it’s this guy.

So we asked him what’s in it.

It’s a little intense—this is one well-prepared pre-retiree, and one who knows his insurance products, since the college’s focus has historically been on educating insurance agents.1  While the challenge of ensuring he won’t outlive his money isn’t unique, his attitude may be. “I find this fun,” he said. A sign of how into this stuff he is? Before a follow-up call, he e-mailed a three-page, 1,500-word, bullet-pointed outline of his thinking.

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Quarter-million-dollar baby: Cost of raising kids

Young girl with magnifying glass and pile of coins

Kids cost HOW much?

Let’s face it: Kids don’t come cheap. But ask any parent and they’ll more than likely say their children were well worth the cost in not only time and treasure but blood, sweat and tears, as well. But have they—or you—actually thought about just how much, in dollars and cents, it actually costs to raise a kid to age 18?

This and other information to help you become more equipped to help your clients

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John Hancock Hopes You’ll Trade Activity Data For Insurance Discounts

You don't need to run a marathon — or wear a gorilla suit — to get a discount on John Hancock's new life insurance program. But at least one of them may help.You don’t need to run a marathon — or wear a gorilla suit — to get a discount on John Hancock’s new life insurance program. But at least one of them may help.
Rick Rycroft/AP

Would you lead a more active lifestyle if it meant lower life insurance premiums? Insurer John Hancock and Vitality, a global wellness firm, are hoping the answer is yes. But there is a condition: They get to track your activity.

The practice is already employed in Australia, Europe, Singapore and South Africa, where Vitality is based.

The companies announced the new plan Wednesday and posted a video on John Hancock’s website.

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The Independent Agent Network: Building your business

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The Independent Agent Network was founded in 2006 by experienced professionals that know your business and is supported by a knowledgeable dedicated staff. We focus on providing exceptional service; advanced training and helping agents build their business.

Our goal is to help agents build their business, while benefiting their community. With hard work, our straight forward approach and a “Service 1st” mentality, we feel our agents make a positive impact on the industry.

To find out how we can build your book of business and increase your client base click here

A Rated Carriers

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The Independent Agent Network represents a multitude of top-rated carriers, which allows our agents to offer a diverse portfolio of products and maintain a competitive edge in the industry. Our agents are independent and energized by a clear sense of purpose. When you get contracted with us, you’ll be working in a team environment, with the training and support systems you will need to be successful.

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Insurer Uses Personal Data To Predict Who Will Get Sick

Carol and John Iovine say the health coach their insurer assigned John after he had a torrent of grave health problems in 2014 has helped them get the medical care he still needs. And it's helped keep him out of the hospital.

(Carol and John Iovine say the health coach their insurer assigned John after he had a torrent of grave health problems in 2014 has helped them get the medical care he still needs. And it’s helped keep him out of the hospital.
Todd Bookman/WHYY)

The first thing out of John Iovine’s mouth is an apology.

“You got to forgive me if I don’t remember too much,” he says. “I had a stroke.”

Signs of that stroke are everywhere — the bed in the dining room, a shower installed in the pantry. John is thin, and sits in blue pajama pants in the wheelchair he uses to get around.

He may, however, have overstated his memory problems.

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Weighing Privacy Vs. Rewards Of Letting Insurers Track Your Fitness

Patient Gary Wilhelm looks at his medical data on a smartphone that is synchronized to a new Fitbit Surge on his wrist.

Would you be willing to hand over your health information to a life insurance company, in exchange for financial rewards?

Activity trackers have become increasingly popular over the past few years, tracking everything from how many steps you walk to your location throughout the day.

Now, John Hancock, a U.S.-based insurer, hopes that fit and active people will exchange activity data for lower life insurance premiums and other perks. Those who sign up for this optional program, the first of its kind in the United States, will receive a free Fitbit device to track their activity levels.

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6 Pitfalls To Avoid When Picking Insurance On The Job

Man shopping with some very high-price options.

You don’t get a pass this year on big health insurance decisions because you’re not shopping in an Affordable Care Act marketplace. Employer medical plans — where most working-age folks get coverage — are changing too.

Rising costs, a looming tax on rich benefits packages and the idea that people should buy medical treatment the way they shop for cellphones have increased odds that workplace plans will be very different in 2015.

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For thousands, keeping health insurance policy isn’t an option

Health insurance companies are sending notices of cancellation to hundreds of thousands of people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more expensive policies.

Insurers say the cancellations are necessary because the policies fall short of what the Affordable Care Act requires starting Jan. 1. Most are ending policies sold after the law passed in March 2010. At least a few are canceling plans sold to people with pre-existing medical conditions.

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Personal Finance: New federal health care mandates kick in starting Oct. 1

obamacare

Love it or hate it, the launch date for the country’s sweeping new health care mandates is just around the corner. In 10 days, the essential piece of the federal government’s Affordable Care Act kicks in, allowing everyone across the country to sign up for health care coverage.

Starting Oct. 1, you’ll need to make some choices, whether you’re currently covered at work, have been buying health insurance on your own, or never had it in the first place.

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