Effective January 1, 2020, all life insurance products in the industry must shift to the 2017 Commissioners Standard Ordinary (CSO) mortality table— replacing the previously utilized 2001 standard. The CSO mortality tables are a standard for measuring average life expectancy across various...
Fitness can apply to many aspects of your life, including your finances! To be financially fit, getting life insurance is an important step to take. Life insurance is all about self-worth and taking the time and money to protect you and your family for the future. Many do not have life insurance...
The truth is, regardless of where you live in the U.S., flooding can occur just about any time of the year. Progressively, it seems that weather related events are getting more severe as well. Just ask those who live in Houston, TX where over 50 inches of rainfall fell over five summer days in 2017...
The 2017 Insurance Barometer Study by LIMRA and Life Happens found that over 40 percent of Americans do not have life insurance. While life insurance is not a naturally...
The modern American home has changed considerably from the home of our parent's and grandparent's generation. Homes today tend to be larger with open floor plans. Often...
As a risk consultant, it is my job to help clients identify, prioritize and manage risk. Often this includes asking the tough questions, digging deep and helping clients realize and plan for non-traditional risk exposures. What will you do if you suddenly develop an expensive chronic illness, Johnny...
I recently read a study that indicated affluent pre-retirees are saving on average 35 percent less than they will need during retirement. This is likely because many high-income earners do not realize that the most costly expense at retirement is typically income tax. In a blog earlier this year, I...
The Atlantic hurricane season is right around the corner, beginning June 1 and ending November 30. It is the time of the year when hurricanes, tropical storms and tropical depressions are likely to affect the east coast of the United States. Widespread damage can occur during and long after a storm...
Insurance companies use actuarial science to analyze a lot of data to help them assess the probability of a future loss and the projected claims costs for any given policyholder.
Have you considered what would happen if the stock markets were to take a downturn shortly after your retirement? Traditional market-based retirement investments are critical to addressing benefit shortfalls, inflation and the potential for living longer in retirement, but a well-rounded portfolio...