Moving Past the COVID and Election Chaos - September 3, 2020

September 03, 2020
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News. Insights. Analysis. Inspiration.


Today's Key Question:

Did you know that many people with life insurance are now reviewing their policies, because of the pandemic? 

See the article below from Insurance News Net.


"COVID-19 will make the 60-plus generation more powerful than ever"

From Wealth Advisor:

* The gray market is quickly becoming in vogue because ever larger proportions of seniors are enjoying life by using their income and wealth wisely to procure goods and services that enhance their experiences. Moreover, a 70-year-old nowadays lives the life of a 50-year-old in the 1980s. The pandemic has also accelerated the technological savviness of this group, and not just in the area of e-commerce. In fact, a study in the Journal of Gerontology found that use of the Internet increases cognitive functioning rather than vice versa. Myriad new applications in virtual reality, robotics, and artificial intelligence are seeking to capture a rapidly growing market. Other areas of technology will help seniors live longer and more fulfilling lives. Virtual reality can stimulate motor functions and the overall performance of the nervous system, and it can help reduce loneliness, a key problem afflicting large numbers of people at advanced ages. Artificial intelligence and robotics will also contribute to quality of life. Over the last decade, Japanese companies have invested heavily in robotics to aid with daily tasks like lifting weights, conduct physiotherapy sessions, and provide for companionship.


"Doctor’s perspective: state leaders making arbitrary decisions ruin businesses, relationships and lives"

From The Nevada Independent:

* As a physician, I believe state and local leaders have made arbitrary decisions and are going overboard in their enforcement of ever changing rules. There has to be space for individual freedoms and personal responsibility. Shutting down peaceful events and even taking down the basketball hoops in local neighborhoods is not necessary.

Whereas all citizens should take the virus seriously, we are long past a quarantine to flatten the curve and there is no end in sight to government overreach. Instead of focusing on common sense approaches like encouraging people to wash their hands, social distance and wear a facemask to limit viral spread, our leadership insists on enforcing excessive, irrational protocols that promote unnecessary alarm. Government fearmongering has very real consequences that ripple throughout society.


"Best Buy posts a 242% spike in online sales behind 'products that help people work, learn, connect, and cook at home,' CEO says"

From Business Insider:

"Products that help people work, learn, connect and cook at home, like computing, appliances and tablets, were the largest drivers of our sales growth for the quarter," Barry said in a statement. "Trends across most categories and services improved materially throughout Q2 as we opened our stores more broadly for shopping, especially categories like large appliances and home theater that benefit from more experiential shopping."


"3 Reasons Your Client Needs A Policy Review"

From Insurance News Net:

* One lesson the pandemic has taught us is the prudence of policy review. Mortality is now front of mind for clients and they have understandable concerns about their insurability.

Not only are people working from home, but also they are working on their homes, going through closets and cabinets, and getting their affairs in order. Life insurance is part of this process and has become of increased importance for some people. On top of that, the marketplace continues to see change as carriers are repricing their products according to current conditions.


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