Moving Past the COVID & Election Chaos - September 8, 2020

September 08, 2020
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Tips for Your Insurance, Finances, and Business 

News. Insights. Analysis. Inspiration.

 

Today's Key Question:

Did you know that life insurer John Hancock and Amazon have joined forces to promote wellness among their joint customers? 

See the article below from Insurance Business Magazine:

 

"How COVID-19 Is Affecting Future Social Security Recipients"

From Think Advisor:

* Social Security is often talked about as under threat, with actuaries forecasting the system to go bankrupt in the future — yet as of now, Social Security has never missed a payment or cut benefits.

Many people don’t realize that payouts are determined by the Average Wage Index, which is now being impacted by current and rampant pay cuts, layoffs and furloughs.

If Congress does not act to address this issue, citizens born in 1960 (and likely 1961) will see a nearly 15% cut to their lifetime benefits from Social Security when it’s time for them to collect.

 

"How to Adjust Your Marketing and Messaging to Stand Out After Reopening"

From American Express:

* “It can't be overstated how much anxiety and fear the coronavirus pandemic has caused for consumers,” says Langer. “More than anything, though, it has left an information vacuum. Customers don’t know what safe reopening looks like. That gives you an opportunity to present your business as a trustworthy, dependable voice.”

As Langer sees it, this is an ideal opportunity to earn brand loyalty.

  

"Oops: It Looks Like the Vast Majority of Positive COVID Results Should Have Been Negative"

From Townhall:

* According to The New York Times, potentially 90 percent of those who have tested positive for COVID-19 have such insignificant amounts of the virus present in their bodies that such individuals do not need to isolate nor are they candidates for contact tracing. Leading public health experts are now concerned that overtesting is responsible for misdiagnosing a huge number of people with harmless amounts of the virus in their systems.

 

"Amazon, John Hancock collaborate on wellness program"

From Insurance Business Magazine:

* John Hancock and Amazon have announced a strategic collaboration to help John Hancock life insurance customers improve their health. The collaboration makes John Hancock the first life insurer to integrate with the Amazon Halo wearable fitness tracker. 

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