Employers and employees embrace protection for ID theft The news usually arrives as a mystery. Money is missing from your bank account. Your credit card bill shows purchases you don’t remember making. Or the Internal Revenue Service refuses your tax filing, telling you that your refund has already been paid out. Identity theft stops you in your tracks and can take days—sometimes weeks or months—to resolve. While you struggle to
Short-term, long-term, voluntary or group, disability income serves a critical need Disability income insurance—while influenced by the same trends that drive growth in supplemental health products such as critical illness, accident, hospitalization and gap insurance—has a marketing history that is more complex than that of these other products. Some brokers of disability income, for example, have centered their practice on serving high-income professionals such as doctors, dentists or athletes, or
Where do guaranteed lifetime income products fit? Benefits Products & Services By Thomas A. McCoy, CLU Ever since defined contribution (DC) plans supplanted defined benefit (DB) plans as the dominant retirement plan product in the workplace, the choices available to employees for their plan investments have been mostly stocks and bonds, in multifarious packaging, along with some stable value products. Annuities—the cornerstone financial security product of the defined benefit era—are
Agents, brokers and consultants offering benefits education and communication will be affected. By Len Strazewski Health benefits take political center stage as executive and legislative candidates argue about the success or failure of Obamacare, but retirement issues are also critical to a wide range of employers. In the next two years, a series of new regulations will change the way employers and their advisers will administer and communicate retirement benefits.
Develop health plan flexibility regardless of results of upcoming election If Republican presidential candidate Donald Trump is elected in November, the Obama Administration’s healthcare reform is targeted for quick repeal. If Democratic presidential candidate Hillary Clinton wins, expect Obamacare expansion on the fast track early in the new administration. In the meantime, what should employers and their agent and broker advisers do to cope with increasing costs and a need