Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - July 5, 2020

July 05, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

The results of a recent industry study indicate that consumers would buy more life insurance if carriers helped them achieve health and wellness. See the article below from Financial Advisor.

Does that idea resonate with you?


"The 3 Most Dangerous Words In Entrepreneurship: "This Is Impossible"


* But stop right there. Do not use that word again, no matter how tempting it is. Because when we say something is impossible, we do ourselves real harm. Impossible should be banned from our vocabulary.



"See the future of online shopping. It looks nothing like Amazon"

From Fast Company:

* Diesel came up with this showroom in response to a problem. Thanks to the coronavirus, buyers from department stores and boutiques couldn’t visit the brand’s physical showroom in Milan to explore the brand’s Spring/Summer 2021 collection and place orders. So the brand’s leadership quickly came up with a new plan: They partnered with the consultancy Accenture to design an immersive virtual showroom that looks very similar to the real thing, where people can saunter around mask-free, without worrying about social distancing.



"Face Off: Businesses’ Legal Considerations When Requiring Face Coverings"

From National Law Review:

* Business owners may mitigate their risk of liability for COVID-19-related premises liability claims with a thoughtful approach to determining what protective measures will be implemented for incoming patrons, vendors and employees, such as limiting occupancy, distancing customers, and implementing additional cleaning procedures. Overall, owners must closely monitor federal, state, and local guidance on social distancing, and, following evaluation of those requirements and facts specific to their organizations’ ongoing operations, implement those required or recommended protective measures. Given the CDC’s aforementioned recommendation that individuals wear face coverings to curb the spread of COVID-19, an owner’s decision to request – if not require – that customers and employees don a face coverings would be a demonstrable example of hazard mitigation.



"Life Insurers Should Help Customers Live Healthier Lives, Report Says"

From Financial Advisor:

* The study said subsidizing the cost of an exercise subscription service would be a smart strategy for a life insurer targeting time-strapped millennials. Also, an app for how to eat healthy while spending less would also resonate with millennials. And for a life insurer with an older customer base, the most appealing offer might be an app that focuses on overcoming physical limitations, perhaps through personalized classes, the study said.


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