Moving Past the COVID and Election Chaos - September 5, 2020

September 05, 2020
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Tips for Your Insurance, Finances, and Business 

News. Insights. Analysis. Inspiration.

 

Today's Key Question:

Do you know someone with Celiac Disease? They should know that it is possible to get extremely attractive rates for life insurance. 

See the article below from Broker World.

  

"In COVID-19 Crisis, Older Americans Are More Resilient Than Younger Generations, Edward Jones and Age Wave Research Finds"

From PR Newswire:

* ST. LOUIS, Aug. 4, 2020 /PRNewswire/ --Despite COVID-19's severe and disproportionate impact on the health of aging adults, older Americans reported they are coping far better than younger ones, according to the Edward Jones and Age Wave study released today, "The Four Pillars of the New Retirement." The 9,000-person, five-generation study in the U.S. and Canada revealed that in the U.S. 37% of Gen Z and 27% of millennials said they have suffered mental health declines since the pandemic began, while only 15% of baby boomers and 8% of silent generation respondents said the same. 

"COVID-19's impact forever changed the reality of many Americans, yet we've observed a resilience among U.S. retirees in contrast to younger generations," said Ken Dychtwald, Ph.D., psychologist/gerontologist and founder and CEO of Age Wave. "Older Americans tend to recognize the value of a long-term view, and so as they think about their lives, longevity and legacy, they're able to pull from an array of experiences that help them weather current storms, feel gratitude about many aspects of their lives and still plan for the future."  

 

"A look at why Singapore is a preferred destination in Asia for family offices"

From International Tax Review:

* While tax is usually an important consideration, other factors such as legal and regulatory requirements pertaining to a family office structure should also be evaluated.  

In setting up a family office, careful planning is required to minimise implementation costs such as transfer taxes or duties on consolidating assets into a single asset holding company. The structure should allow for effective family governance and smooth inter-generational transfers. Hence, a proper evaluation and implementation of the family office structure will ensure a safe and cost-effective wealth management. 

 

"Kristi Noem sets an economic example for Congress"

From Washington Examiner:

* In 2020 hindsight, Noem will be vindicated for her early actions and forward-thinking, long-term approach. On top of creating a prudent healthcare strategy, loosening regulations to improve access to healthcare, and helping her state enter the pandemic on solid footing, she recently made the decision to help small businesses and support workers by forgoing any further financial boosts to the unemployment insurance program. States had seen a significant rise in work refusals and fraud because the unemployment insurance boost Congress implemented through the CARES Act meant workers were receiving more money by staying home than they could earn going back to their jobs. 

Back in May, Noem and the South Dakota Department of Labor cracked down on work refusals, clarifying that refusing to work when offered your job back means you do not qualify for unemployment. Because of this effort, nearly 80% of the lost jobs have been recovered, and now, the state is forgoing extra money from the federal government — the state doesn’t need it.

  

"Celiac Disease"

From Broker World:

* When appropriately diagnosed and treated, celiac disease has an excellent outcome. The best cases in underwriting involve a proven diagnosis, normal weight (no signs of malabsorption), established diagnosis for several years, and regular doctor follow-up. The most difficult cases arise when concurrent disease (like osteoporosis or diabetes) is found or when the celiac disease is refractory to treatment or withdrawal of gluten. Many of those affected stumble on the causative agents and foods by trial and error, and strict dietary adherence is essential to continued well-being.

 


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