Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 8, 2020

August 08, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

Have you been wondering about the impact of the pandemic on life insurance companies worldwide? There's good news from a major reinsurance company. 

See the article below from Think Advisor.

  

"The Private Space Race: Competition is cutting the cost of space travel to a fraction of what it was."

From Reason:

* Thankfully, now that self-interested entrepreneurs compete, space travel will get cheaper. Musk can't waste a dollar. Space X must compete with Jeff Bezos' Blue Origin, Richard Branson's Virgin Galactic, Boeing, Lockheed Martin, and others. The private sector always comes up with ways to do things that politicians cannot imagine. Government didn't invent affordable cars, airplanes, iPhones, etc. It took competing entrepreneurs, pursuing profit, to nurture them into the good things we have now.

Get rid of government monopolies.

For-profit competition brings us the best things in life.

 

"How VIP Health Care Can Go Wrong"

From Advisor Perspectives:

* Companies use phrases like "VIP access" and "VIP treatment" to refer to a higher level of service, available only to celebrities and other wealthy, influential people. A VIP experience is typically more expensive and offers exclusive benefits. When VIPs are sick or injured, they often insist on special attention from healthcare providers. Hospital leaders go to extraordinary lengths to make VIPs feel at home in their environment; however, those extra perks do not always translate to better care outcomes, especially when medical emergencies arise.

  

"Trader Joe's shows how to just say no to cancel culture"

From Washington Examiner:

* But this week, the company announced that it would not be removing the international food labels because the intentions behind them are not and never were racist. Rather, the brand variations are “an attempt to have fun with our product marketing,” the company said in a statement, which is exactly how they’ve been perceived by the vast majority of customers who shop at Trader Joe’s. 

“Recently, we have heard from many customers reaffirming that these name variations are largely viewed in exactly the way they were intended,” the company added. “We continue our ongoing evaluation, and those products that resonate with our customers and sell well will remain on our shelves.”

Already, we’ve seen lives destroyed by an ever-growing, militant online mob that makes up the rules as it goes and leaves no room for forgiveness. This is unsustainable in a society that depends on diversity and the free exchange of ideas. And at some point, the leaders in our communities will need to stand their ground — even if that comes at a cost.

 

"Life Insurers' Insurer Talks About COVID-19 Claims: Earnings"

From Think Advisor:

* Reinsurance Group of America — a company that acts as a life insurer for life insurance companies — says the effects of COVID-19 on the death rate have been noticeable in the United States, but relatively modest in most of the rest of the world. 

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