Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 15, 2020

May 15, 2020
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News. Insights. Analysis. Inspiration.


"Life Sales Look Great: ACLI President"

From Think Advisor:

* Susan Neely, the president of the American Council of Life Insurers (ACLI), talked about the effect of the pandemic on life insurance sales earlier this week, at a webinar organized by the National Association of Insurance and Financial Advisors (NAIFA). “Anecdotally, we’re hearing there’s a 30% to 50% increase in the sale of life insurance policies at this time,” Neely said.



"Keeping Up with the Changing Face of Advertising"

From 40billion:

* Native advertising and video ads will certainly help you get over the barrier of ad blockers and user resistance. Be thoughtful about the content in those ads and you'll get the results you want, not only getting people to look at your ads but also getting them to become loyal customers.



"COVID-19 is no good reason to cancel rents or mortgages"

From Washington Examiner:

* Landlords deserve payments agreed upon for the use of their housing, just as laborers deserve agreed wages; landlords increase the housing stock and keep overall rents down. As the consistent failure of "affordable" housing programs demonstrate, it is not government intervention that prevents housing shortages but rather the presence of a sufficient number of landlords seeking profit.

* Landlords should be reasonable and show leniency in hard times. In hard cases, this might mean forestalling evictions temporarily. But a universal rent holiday to curry favor with voters is a despicably irresponsible act for any public official. It would spread panic in the rental market not seen in decades, and would produce the sort of urban decay from which many of this nation’s great cities are only now recovering, 50 and 60 years later. 

* It is one thing for those who have fallen on hard times to go to their banks and request forbearance — many homeowners are now doing this, and banks and mortgage servicers have every incentive to allow it — but it is quite another simply to stop payments, which would produce a full-blown systemic crisis. It would threaten the stability of banks and of the secondary mortgage market and make it impossible for anyone but the super-rich to buy homes, maybe for years to come.



"Structuring, Transparency & Societal Pressure; How To Choose A Family Office Jurisdiction In 2020"

From Forbes:

* Family networks have become increasingly geographically dispersed and the next generation's priorities have shifted towards a more global outlook. As a result, in recent years, many high-net-worth families have established their family offices in global hubs or offshore locations. These politically stable countries with sound operational infrastructure, abundant human resources, as well as favorable regulatory frameworks and local tax regimes, have made them attractive destinations.

* With increasing political pressure being placed on these jurisdictions, heightened demands for transparency, societal expectations playing a more significant role than ever before and the current global shifts taking place due to the COVID-19 pandemic and the resultant economic fallout, should affluent families be re-evaluating their family office locations?



"Photos show how the world is readapting to socially-distanced life during the coronavirus pandemic, from plastic table barriers to taped-up urinals"

From Business Insider:

* As some countries begin to lift their lockdown measures, public places including restaurants, schools, and sports facilities have been faced with a new challenge of trying to reopen, without causing another wave of the coronavirus. 

The new circumstances are now forcing people to get creative with adjusting to social distancing guidelines and keeping contact at an absolute minimum. 

From floor markers to sectioned-off urinals, these photos show how the world is adjusting to life under the coronavirus pandemic.



"Media Outlets Mislead Readers about COVID-19 Data"

From National Review:

* The public overwhelmingly relies on the press to provide them with accurate information and proper context. When it comes to COVID-19, many press outlets are consistently failing to do that. In fact, the reporting on data related to the epidemic has increasingly led to conclusions that aren’t accurate and an audience that is misinformed.


Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here