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.
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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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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: 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%
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.
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.
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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What Are the Consequences of Not Having Life Insurance?
Good Financial Cents
APRIL 3, 2023
I learned so much about living and dying during my years in the mortuary business, but there’s one that stuck with me — the real-life consequences of not having life insurance. I clearly remember speaking with dumbfounded families who couldn’t believe their husband or father (or wife or mother) never had life insurance in place.
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[cdata[ Importance of Disability Insurance ]]
oXYGen Financial
MAY 14, 2023
[CDATA[ While most people recognize the significance of health insurance, another vital aspect often goes overlooked disability insurance. This lesser-known insurance coverage provides financial protection and peace of mind in the face of unforeseen circumstances that can leave individuals unable to work.
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Which Type of Life Insurance is Right for Me?
Carson Wealth
SEPTEMBER 7, 2023
By Matt Lewis, CLTC ® Life insurance is one of the most versatile financial assets available to us. With so many different types of life insurance, finding the most suitable policy takes careful consideration. Life insurance typically falls into three main types: term, universal and whole.
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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. Speak with your insurance agent to review your homeowners insurance policy. To start, always check the coverages of your contractor before signing a contract and starting the work.
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How Does Cash Value Life Insurance Work?
Clever Girl Finance
JANUARY 9, 2024
We all love cash value, so it seems like a no-brainer to have cash value life insurance. But how does cash value life insurance work, and is it a good idea? Get a better understanding of this type of life insurance and whether it’s the best choice for you or not. Table of contents What is cash value life insurance?
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Canceling Your Life Insurance Policy: A Comprehensive Guide
Good Financial Cents
JULY 7, 2023
Deciding whether to continue with your life insurance policy or cancel it is not just a significant financial choice, it can also have profound emotional implications. After all, life insurance isn’t just a monetary consideration – it’s about ensuring that your loved ones are protected in case of your untimely demise.
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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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Best Homeowners Insurance Companies of 2022 – Updated for December
Good Financial Cents
DECEMBER 9, 2022
The best home insurance companies offer high-quality coverage that protects against damage to your home’s structure and your property, whether it is caused by lightning, winds, fire, or other covered perils. Best Rating N/A A A+ A- A++ A- Best Online Insurance Company Lemonade Our Partner See an Estimate J.D. Best and J.D.
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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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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. A savings plan can be derailed if one partner dies without adequate life insurance.
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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 (..)
: SoFi says it will let members opt to increase their FDIC insurance to $2 million for checking and savings
MarketWatch
MARCH 22, 2023
SOFI said Wednesday that those with its checking or savings accounts will be able to access up to $2 million of Federal Deposit Insurance Corporation (FDIC) insurance, versus the standard $250,000 amount. The benefit is currently available to new members and will become available to existing members over the next week. “We
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Small-business Owners and the Value of Insurance in Your Financial Plan
James Hendries
FEBRUARY 23, 2023
A solid financial plan for small businesses is vital, and part of that financial plan should be insurance. 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.
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
selling and trading) or on sales-oriented advice that centered on implementing insurance products. In the early days of wealth management, a financial advisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g.,
REWORK: The Importance Of Life Insurance For Your Finances
Clever Girl Finance
JANUARY 4, 2024
Life insurance is one of those things that we kind of know we need, but many of us don’t want to deal with getting it right away. However, we can’t downplay the importance of life insurance, how life insurance protects our finances and family, and how much peace of mind it can give you. Let’s get into it!
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[cdata[ Low-Cost High-Risk Auto Insurance - How to Find the Least Expensive Coverage ]]
oXYGen Financial
AUGUST 26, 2022
The Importance Of Life Insurance For Your Finances
Clever Girl Finance
JANUARY 4, 2024
Life insurance is one of those things that we kind of know we need, but many of us don’t want to deal with getting it right away. However, we can’t downplay the importance of life insurance, how life insurance protects our finances and family, and how much peace of mind it can give you. Let’s get into it!
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How to Protect your Assets vs. Insurance Company Games
The Richer Geek
MARCH 23, 2022
Today we have Galen Hair is the owner of insurance Claim HQ. It is a property-casualty insurance attorney firm that operates in more than seven states. In this episode, we’re discussing… [4:54] Why are insurance claims not benefiting the consumer? [10:18] And what they do is they help families rebuild their homes and businesses.
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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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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.
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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The SVB Situation and Your Financial Picture
Integrity Financial Planning
MARCH 19, 2023
As a result, and due to the fact that, like many large bank accounts, most of SVB’s funds were not covered by the FDIC (Federal Deposit Insurance Corporation), other venture capital firms and tech companies panicked, yanking their funds due to the stock loss. IRAs, trusts, and other accounts are also subject to limits on coverage amounts.
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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.
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. Get a social security number for your child. You can request a social security number along with your baby’s birth certificate.
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.
Year-End Planning: Do Something Today That Your Future Self Will Thank You For
Carson Wealth
DECEMBER 27, 2023
Insurance Insurance is always a tricky area to cover. People tend to undervalue the importance of proper coverage. 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.” Once in retirement, you can use HSA funds to pay for health insurance premiums.
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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”).
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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Year-End Financial Checklist
Walkner Condon Financial Advisors
NOVEMBER 11, 2022
Marriages, divorces, children growing from minors to adults, and individuals passing away all represent significant events and will likely warrant changes to the beneficiaries listed on our retirement accounts, life insurance, and estate plans. Insurance Amounts .
Job Loss Financial Checklist
Walkner Condon Financial Advisors
JUNE 27, 2023
Health insurance. Your former employer may have been the source of procuring your health insurance (and dental, vision, etc.). 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. Unemployment insurance.
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Job Loss Financial Checklist
Walkner Condon Financial Advisors
JUNE 27, 2023
Health insurance. Your former employer may have been the source of procuring your health insurance (and dental, vision, etc.). 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. Unemployment insurance.
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4 Pitfalls of Not Having a Financial Plan
Carson Wealth
APRIL 25, 2024
Insurance coverage: Evaluate insurance needs for health, life, disability, long-term care and property, ensuring adequate coverage. Investment strategy: Determine asset allocation and investment vehicles aligned with risk tolerance and financial goals.
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. These aspects include creating a budget, saving and investing, managing debt, obtaining insurance, planning for retirement, and estate planning.
Financial Planning That Helps Clients Weather Disasters
eMoney Advisor
DECEMBER 6, 2022
Insurance in Financial Planning. The CFP® Board includes risk management and insurance in its financial planning principal knowledge topics for a good reason. Insurance offers a layer of protection for your assets and can help preserve your income. 2 Designing a Moat with Insurance Analysis.
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. For example, obtaining a more robust health insurance policy could be a wise choice if you have a family history of early-in-life health concerns.
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