Life insurance provides vital financial protection for adults of all ages. Whether they're younger and just getting started in their careers, older with financial dependents and small children or a senior who recently retired, life insurance is generally worth it.
According to a survey by Manulife, the vast majority of respondents (92%) said they are willing to spend more to prolong their health span. Investing in exercise and healthier diet are the main ways people seek to improve their health. Furthermore, with mental health issues on the rise, mindfulness activities, such as yoga and brain training, are also popular ways of self-help.
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.
The Chartered Insurance Institute (CII) is looking to change the way it assesses the R06 financial planning practice unit in an effort to make the tasks more flexible and realistic.
Financial advisers need to understand what clients are looking to achieve and how to take them there and keep them always looped into the process.
ICICI Prudential Life Insurance has launched a long-term savings scheme called "ICICI Pru Sukh Samruddhi," which provides customers with benefits of guaranteed income, potential bonuses, and life cover for the policy duration.
Muang Thai Life Assurance (MTL) is tapping the elderly market with the launch of a new life insurance product "Silver Readiness by MTL".
Locally owned insurer Fidelity Life has launched Career connect, an education and skills programme that seeks to attract, train, and connect new recruits to the sector.
Age can impact how much your clients pay for life insurance. As they age, they become more at risk of dying, which in turn is a risk of payout for a term life insurance policy or can be fewer years they pay on a whole life policy.
Free weekly tips and tricks from the best in the business
Top resources from successful agents, leaders and CEOs. Free!