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Today's Key Question:
Are you curious about how the pandemic is affecting insurance claims, including life insurance?
See the article below from Think Advisor.
"7 Tips for Being a Leader in Trying Times"
* Prosperous businesses don’t pop up overnight. Someone drives them to success. This means, when trying times hit, your company will need a leader more than ever. For example, 76% of small businesses have been negatively affected by COVID-19.
As a result, many have adapted, expanded their products and found new ways to engage their market. The good news is, you can too. To help guide your operation through crises, here are some leadership tips:
"The Wall: Capgemini: Asia-Pacific loses pole position in HNWI wealth growth"
* While the report projects a 3% decline in the global economy this year due to the Covid-19 pandemic, it contends that financial markets could prove to be resilient, providing a much-needed boost to the outlook for 2020.
One possible reason for this resilience, in addition to unprecedented levels of central bank pump-priming, is that the global market had already adopted a defensive posture by the time Covid-19 rolled around. There had already been much pent-up anxiety in 2019 as the markets had been gearing up for a host of macroeconomic trends, which were ultimately dwarfed by the spectre of the global pandemic.
"CDC Director Says There are More Suicides and Overdoses than COVID Deaths"
Center for Disease Control Director Robert Redfield testified in a Buck Institute webinar that suicides and drug overdoses have surpassed the death rate for COVID-19. Redfield argued that lockdowns and lack of public schooling constituted a disproportionally negative impact on young peoples’ mental health.
"COVID-19 Increased LTCI Claimant Mortality 30%: Unum"
* The average life insurance death claim at Unum was about $48,000 in the second quarter, and Unum believes that incurred death claims for about 0.9% of the 120,000 people who died in the United States in the second quarter, based on COVID-19 statistics from Johns Hopkins.