FDIC Changes Insurance Coverage of Trust Bank Accounts
Wealth Management
AUGUST 21, 2023
Soon, accounts held by trust may be insured by the FDIC for up to $1,250,000, rather than the current $250,000 limit on many individual accounts.
Insurance Coverage Related Topics 
WealthStack Roundup: FP Alpha Releases P&C Snapshot, Which Summarizes Client Insurance Coverage
Wealth Management
SEPTEMBER 7, 2023
Also, GMO’s Nebo passes $1B in platform assets a year after launching, Finology Software’s website is now live and Focus Financial Partners is UPTIQ’s newest client.
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Trending Sources
: Senseonics shares jump 6.7% on new insurance coverage for continuous glucose monitor
MarketWatch
JUNE 2, 2023
s UNH UnitedHealthcare, a major health insurer, would provide coverage of its implantable continuous glucose monitoring system. The coverage of the Eversense E3 CGM System will start July 1 for people with type 1 and insulin-requiring type 2 diabetes, Senseonics said in a release. SENS gained 6.7%
How to Fix a Common Client Problem: Too Little Insurance Protection
Tobias Financial
MARCH 22, 2024
Is your life insurance coverage sufficient? Often it is not until a life-changing event that clients ensure their coverage is adequate. In fact, due to Covid concerns, life insurance policy sales grew 5% last year resulting in the largest annual increase in decades. To learn more, click here: [link]
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Tax Planning and Health Insurance Premium Subsidies under the Affordable Care Act
Advisor Perspectives
NOVEMBER 14, 2022
A matter that can have large impacts on the marginal tax rates faced by individuals who obtain health insurance coverage through the ACA exchanges is the reduction of the tax credits (or subsidies) for health insurance coverage as incomes increase.
Weekend Reading For Financial Planners (March 30-31)
Nerd's Eye View
MARCH 29, 2024
Also in industry news this week: With the new “T+1” rules for trade settlements will go into effect in late May, the SEC has issued a risk alert for broker-dealers and RIAs outlining the requirements they face and areas of focus for the regulator during upcoming examinations A recent survey suggests that while client satisfaction with their (..)
A Question of Ethics: Into the Second Quarter
NAIFA Advisor Today
APRIL 13, 2023
More Examples from Our Code of Ethics to Collaboratively Close the Coverage Gap We may be taken aback when we fully realize that NAIFA is seriously working through LL Global to raise the life insurance coverage gap among professionals and their companies regarding life insurance in our country.
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The Growing Need For Cyber Insurance
Wealth Management
AUGUST 17, 2023
Digital fraud is a growing threat to advisors, who are on their own when it comes to buying insurance coverage for the risk.
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NAIFA Is a Strong Supporter of Life Insurance Awareness Month
NAIFA Advisor Today
SEPTEMBER 1, 2022
Life insurance is a crucial part of any solid financial plan, but 41% of Americans say they don’t have sufficient life insurance coverage. For agents and advisors, LIAM is the perfect time to meet with your clients to make sure their life insurance coverage meets their needs.
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Thursday links: sussing out the truth
Abnormal Returns
JUNE 1, 2023
microcapclub.com) Finance Why State Farm is pulling home insurance coverage from the California market. (disciplinefunds.com) There's nothing magical about dividend investing. rogersplanning.blogspot.com) How fear gets in the way of investing success. grist.org) This leveraged ETF has destroyed half of the capital invested.
What High-Net-Worth Prospects (Really) Want From A Financial Advisor
Nerd's Eye View
JANUARY 22, 2024
For example, an advisor may think of "risk management" in terms of life and property insurance coverage, whereas HNW clients may instead think of tax and estate-planning strategies as asset protection measures – particularly for the future wealth of their heirs.
Cyber Threats To Client Wealth And Well-Being: Why And How Wealth Managers Will Soon Play A Key Role In Managing These Risks
Nerd's Eye View
MARCH 15, 2023
For instance, ensuring clients maintain the proper insurance coverage based on their needs is an important part of the financial planning process. Risk management is a key part of many financial advisors’ value propositions. At the same time, clients face another class of risks that advisors often do not consider: cyber.
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[cdata[ Importance of Disability Insurance ]]
oXYGen Financial
MAY 14, 2023
How to Fix a Common Client Problem: Too Little Insurance Protection
Tobias Financial
JUNE 14, 2022
Is your life insurance coverage sufficient? Often it is not until a life-changing event that clients ensure their coverage is adequate. In fact, due to Covid concerns, life insurance policy sales grew 5% last year resulting in the largest annual increase in decades. To learn more, click here: [link].
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Meet Loyal NAIFA Member Nicholas Limongelli
NAIFA Advisor Today
JULY 18, 2022
Now the Director of Insurance Brokerage, Limongelli helps his clients find the right disability insurance coverage and serves as a resource for other financial advisors who sell disability insurance. In 2012, Nicholas Limongelli went into the family business and joined Northeast Financial Network.
NAIFA Welcomes New Member Gregory Fat
NAIFA Advisor Today
MARCH 1, 2023
Throughout his internship, he helped form complex trusts, developed estate plans, and ensured appropriate insurance coverage for high-net-worth families.
What Are the Consequences of Not Having Life Insurance?
Good Financial Cents
APRIL 3, 2023
That’s why many experts suggest buying at least 10x your income in term life insurance coverage. With that in mind, you should buy life insurance coverage that will cover major debts you have like your home mortgage, your family car loans, and any credit card debt you have.
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: SoFi says it will let members opt to increase their FDIC insurance to $2 million for checking and savings
MarketWatch
MARCH 22, 2023
“SoFi Checking and Savings is able to offer additional FDIC insurance through the SoFi FDIC Insurance Network, a newly created partnership with multiple banks designed to provide the best benefits to SoFi members,” the company said in a release.
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Starting a Home Renovation? Don’t Ignore These Key Insurance Risks
Darrow Wealth Management
SEPTEMBER 25, 2023
And when something goes wrong, many homeowners are surprised to learn of gaps in their insurance coverage or their contractor’s. Limiting your liability with an umbrella insurance policy If you don’t already have an umbrella policy, you should seriously consider adding one.
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Small-business Owners and the Value of Insurance in Your Financial Plan
James Hendries
FEBRUARY 23, 2023
Insurance is essential to preserve small businesses, cover their assets, and safeguard their employees. Here are some types of insurance coverage a small business should have and why this is critical to your financial plan. General Liability An important part of small business insurance coverage is general liability.
Should you pre-pay your loan or invest?
Truemind Capital
APRIL 4, 2024
In case the debt is more than the investments, a term insurance plan over the tenure of the debt is absolutely necessary. Needless to say, having health insurance coverage is a must irrespective of any scenario to safeguard your savings. How you use debt can either break you or help create wealth for you.
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[cdata[ Low-Cost High-Risk Auto Insurance - How to Find the Least Expensive Coverage ]]
oXYGen Financial
AUGUST 26, 2022
[CDATA[ Auto insurance is mandatory in most states, but even if it is not, you should get it because it is one of the best investments you can make. When looking for insurance, you want to find the cheapest insurance coverage for the most protection. The riskiest. ]]
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Prepare for the 2023 Hurricane Season Now
Tobias Financial
JUNE 19, 2023
Speak with your advisor now, before a storm is on the way, about your storm insurance coverage and be sure you are as protected as you can be. From reviewing insurance coverage to assessing the financial impact of potential damages, we work with you to develop a disaster plan based on your current situation.
Building A (Modern) Client Service System Model To Deliver Value More Efficiently, Profitably, And Enjoyably
Nerd's Eye View
OCTOBER 31, 2022
reviewing insurance coverage), and can often be standardized and systematized through the advisor’s tech stack tools. The first ‘standard’ tier represents client service tasks that are predominantly ‘factory work’ tasks, applicable to all of a firm’s clients (e.g.,
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Spring Clean Your Finances
Yardley Wealth Management
MAY 16, 2023
Checking your insurance coverage: A financial advisor can help you review your insurance coverage to ensure you have the right coverage for your needs.
Consumers’ interest in life insurance continues to rise
Nationwide Financial
OCTOBER 13, 2022
Although Life Insurance Awareness Month has come to a close, it is still a perfect time for financial professionals to reach out to both new and existing clients to discuss the benefits of life insurance and how to protect their families. The days of clients overlooking the need for adequate life insurance coverage may be over.
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Which Type of Life Insurance is Right for Me?
Carson Wealth
SEPTEMBER 7, 2023
Some key points that consumers should know are: Premiums are generally lower compared to other types of life insurance. Coverage expires at the end of the term, and there is no cash value accumulation. This type of insurance policy is generally used to secure a high death benefit at a relatively low cost over a finite period of time.
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11 Financial Tips for Starting a Family
MainStreet Financial Planning
JUNE 13, 2023
Update your life and disability insurance. Now more than ever you want to have appropriate life and disability insurance coverage, so if something unexpected happens your family will be OK. You can request a social security number along with your baby’s birth certificate. Start saving for college now.
Taking Control of Your Finances: Why Financial Planning Matters
International College of Financial Planning
MARCH 11, 2023
It ensures you have enough savings and insurance coverage to protect your assets and financial stability, providing financial security. Choose Appropriate Insurance Coverage: Select insurance policies that protect you from financial loss due to unforeseen events such as illness, accidents, or damage to property.
Year-End Financial Checklist
Walkner Condon Financial Advisors
NOVEMBER 11, 2022
Insurance Amounts . Another overlooked area of a sound financial plan is insurance coverage and their respective coverage amounts. We should review our personal insurance coverage yearly as our assets and liabilities change.
The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning
WiserAdvisor
JULY 27, 2023
Review Insurance Coverage: Ensure you have adequate health, life, and long-term care insurance coverage. Evaluate options for reducing insurance premiums without sacrificing necessary protection. Manage Debt: Develop a strategy to pay off high-interest debts before retirement.
Rising inflation could mean your home is underinsured
MainStreet Financial Planning
JUNE 2, 2022
Without sufficient insurance coverage, a homeowner is at risk of having to pay out of pocket to rebuild their home after a disaster. Here are the 8 types of insurance coverage that you will want to review to see if you have sufficient coverage for your home. Replacement cost coverage (aka “Dwelling”).
The SVB Situation and Your Financial Picture
Integrity Financial Planning
MARCH 19, 2023
Stocks, bonds, mutual funds, Treasury securities, life insurance, annuities, and items held in safe deposit boxes are not included in deposit insurance coverage. If you use your bank’s brokerage service to buy mutual funds and the brokerage fails, you won’t be protected by federal deposit insurance.
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Best Homeowners Insurance Companies of 2022 – Updated for December
Good Financial Cents
DECEMBER 9, 2022
What Doesn’t Home Insurance Cover? Whether you have a named peril policy or an open peril policy can have a direct impact on whether the disaster that destroyed or damaged your home qualifies for insurance coverage. However, an array of events are typically excluded from home insurance.
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Job Loss Financial Checklist
Walkner Condon Financial Advisors
JUNE 27, 2023
People may have to continue their health insurance coverage through COBRA , enroll in a spouse’s health plan, or shop for insurance through the marketplace.
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Job Loss Financial Checklist
Walkner Condon Financial Advisors
JUNE 27, 2023
People may have to continue their health insurance coverage through COBRA , enroll in a spouse’s health plan, or shop for insurance through the marketplace.
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How to Financially Prepare For the Unexpected
Gen Y Planning
JULY 1, 2023
Review Insurance Coverage One of the most effective ways to financially prepare for the unexpected is to incorporate the right insurance coverage into your financial plan. A recent survey found that 50% of millennials have side hustles, which earn an average of an extra $810 per month.
Behind the Scenes: The Wealthy Wrap-Up The Year
Zoe Financial
DECEMBER 23, 2022
With the ups and downs in the property markets these days, the coverage on primary and vacation homes and rental properties may have changed significantly since the last time you updated your insurance coverage. ” Another key insurance coverage every wealthy investor has is umbrella insurance.
Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently
eMoney Advisor
FEBRUARY 9, 2023
Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.
How smart planning can reduce your taxes?
Truemind Capital
FEBRUARY 2, 2021
Insurance is needed when you have dependents and do not have sufficient assets to take care of them in case of any mishap. One should always opt for a pure term plan (pure cost for insurance coverage) when insurance is required. For investments, one should consider pure investment options like mutual funds, PPF, FDs, etc.
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How to Protect your Assets vs. Insurance Company Games
The Richer Geek
MARCH 23, 2022
[10:18] What is insurance fraud [14:38] How people can protect themselves from insurance fraud [15:31] Why should you never let your mortgage company purchase your property insurance for you? [18:44] 18:44] What should we be reading in those policies (double-check) [23:59] How often do we need to up the insurance coverage? [26:25]
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Year-End Planning: Do Something Today That Your Future Self Will Thank You For
Carson Wealth
DECEMBER 27, 2023
While premiums can cost more than you are willing to pay, no one in an accident has ever said, “I wish I had less insurance.” And in more dire situations, your loved ones named as beneficiaries will be covered. · Home & auto insurance – Review the cost of your current insurance coverage.
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Financial Planning That Helps Clients Weather Disasters
eMoney Advisor
DECEMBER 6, 2022
They can check their homeowner’s insurance coverage before making a claim once the storm has passed. When an emergency does happen, this client vault becomes a virtual go-bag that can help clients manage their financial life from wherever they are.
Canceling Your Life Insurance Policy: A Comprehensive Guide
Good Financial Cents
JULY 7, 2023
This type of insurance is often viewed as the simpler and more affordable option , as it strictly provides coverage without any investment component. If you pass away during this term, your designated beneficiaries receive the policy’s death benefit.
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