Insurance Blog

Battered Retirement Investors Regaining Interest In Fixed Annuities

Fixed annuities fell out of fashion when the stock market was rising, but are getting a second look these days from investors whose retirement accounts were battered when stocks tumbled.

“This economy has caused people to fear outliving their money,” said Carrie Coghill Kuntz, president of wealth management firm DB Root Co., Downtown. “An immediate annuity takes away that fear because the insurance company promises to pay until a person dies.”


Financial Uncertainty Triggers Desire for Fiscal Stability Among Gen Y Employees

NEW YORK–(BUSINESS WIRE)– Generation Y employees may have been hardest hit by the daily financial pressures exerted by the economic downturn of recent months. More than half (53%) of Gen Y employees (ages 21-32) say they are now living paycheck to paycheck, up from 50% in 2007, versus 44% of their older associates. And nearly three in four (73%) are very concerned about having enough money to make ends meet, compared to 56% of Generation X employees and 62% of Baby Boomers, according to MetLife’s 7th annual Employee Benefits Trends Study.


Before You Cut Back Insurance, Consider Discounts, Adjustments

Cash-strapped families might be tempted to let insurance policies lapse or, at the very least, reduce auto, home and life insurance coverage.

That may be possible in some cases, but making dramatic changes may not be necessary to save money. “Families should consider whether a short-term saving is worth the long-term risk,” says Roger Sevigny, president of the National Association of Insurance Commissioners.

As you consider ways to cut corners on your insurance, you should start by shopping around. Many people stick with their policy for years without comparing prices and may be missing a much better deal. And if you rely on different insurers for your home and auto insurance, bundling them together with one company could save you money.