Time-Management Tips Every Entrepreneur Should Know

November 17, 2017

By Alex Dastmalchi, MBA If every entrepreneur got serious about what they will get in return for the way they are spending their time, they will begin to see areas that need some improvement. Having a great work ethic and personal life balance is extremely important to me. If I don’t manage my time well, the time I invest in my work can cut into the time I spend with my family. If you can find someone to do a task for less than the value of your time, go for it. By making efficient...

Consumers’ Knowledge of Health Savings Accounts

November 17, 2017

By LIMRA Research from the LIMRA Secure Retirement Institute finds that 51 percent of American consumers consider themselves to be very or somewhat knowledgeable when it comes to the features and benefits of health savings accounts (HSAs). Younger consumers, including Millennials (age 18-36) and Gen X (age 37-52), are more likely to express knowledge about HSAs than older generations. Fifty-nine percent of Millennials and 55 percent of Gen X consumers state they are somewhat or very kno...

What Consumers Consider When Seeking Financial Advice

October 10, 2017

By LIMRA According to LIMRA’s research, 45 percent of consumers admit to lacking financial knowledge, but only one in four is working with a financial professional. In a new report titled, What Will They Pay For? The Future of Consumer Advice, LIMRA asked consumers to rank five factors by level of importance that they consider when seeking financial advice. Here are the top five factors. Delivery Method and Cost One-third of consumers consider delivery method and cost as t...

Three Out of Four Older Americans Fail Retirement Income Literacy Quiz

October 10, 2017

Three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement. Even more troublesome, older Americans between the ages of 60 to 75 with at least $100,000 in assets display a worrying lack of knowledge on a variety of vital topics such as paying for long-term care expenses, investment considerations, strategies for sustaining income throughout retirement and life expectancy.    These findings are part of the Retirement Income Literacy Survey ...

When Buying Life Insurance, Online Availability is not a Motivator

September 14, 2017

Unlike most retail goods, the convenience of buying life insurance online doesn’t appear to motivate people to buy. Though familiar messaging stressing how quick and easy it is to buy online sounds like an attractive message, LIMRA research has shown that many consumers find the message off-putting when it comes to buying life insurance.  LIMRA recently conducted a follow-up study aimed at improving upon the ‘quick and easy’ message. The experiment tested the effectiveness of 10 message...