CBO: Medicare Spending Will Top $1.2T

By Evan Sweeny – FierceHealthCare – April 18, 2018

Medicare Concept Starting next year, annual Medicare spending is expected to grow by an average of 7% over the next decade, exceeding $1.2 trillion by 2028, according to the Congressional Budget Office. Healthcare costs overall are projected to grow faster than the economy, and spending per enrollee in federal health programs is expected to grow more rapidly in the coming years. Medicare costs account for about half of the outlays for major healthcare programs in 2018, but that proportion is expected to grow to two-thirds by 2028, according to the CBO.

Click to continue to article… Based on Report

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Single Retirees and Annuity Protection

Annuity ownership leads to greater confidence in retirement outcomes

By LIMRA – April 13, 2018

sign saying preparation today leads to success tomorrowA LIMRA study found single retirees who own an annuity are more likely to believe they can achieve their desired lifestyle in retirement and their savings will last if they live to be 90. The study also shows single retirees who own an annuity are less likely to withdraw too much from their savings.

Annuities Up Confidence for Single Retirees

single retirees chart for men and women

The study finds only 64% of single retirees feel confident they’ll be able to live the lifestyle they want in retirement, compared to 71% of married retirees, and 4 in 10 single retirees believe their savings won’t be enough if they live to age 90. Indeed, close to half of single women fear their savings won’t last to 90.

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Social Media Critical to Life Insurance Sales

Can they find you? Can they ‘see’ you? Establish a presence

By LIMRA – April 11, 2018

Social Media Concept of people standing in a circle holding cell phones in their hands outsideWhen it comes to purchasing life insurance, consumers are engaging online and through social media platforms as a way to evaluate financial products and financial professionals. A new study, conducted by Life Happens and LIMRA, highlights that social media is a critical marketing tool for agents to be successful. More than half of Millennials (54%) and 44% of Gen Xers are likely to check an agent’s social media presence on sites such as Facebook, Twitter and LinkedIn – a clear signal that a social media presence is a ‘must-have,’ just like a website or an email address.

Social Media Vital to reaching All Consumerssocial media reaching chart

87% of consumers said that during the purchase process, they use the Internet to research life insurance, regardless of how they purchase their policy.

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Med Supp Premium Scorecard: April

By Kristin Steenson – CSG Actuarial – April 2, 2018

Supplemental Insurance

The CSG Actuarial Premium Rate Scorecard provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households and ZIP Codes, based on actual Medigap quotes.

Based on these demographics, completed in March 2018, the 25 most competitive Medicare Supplement companies – for all plans combined, as of April 1, 2018 – are:

 

CSG Actuarial Premium Rate Scorecard

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.

Annuities: Smart Retirement Income

By Walter UpDegrave – Money – March 29, 2018

WHAT'S YOUR PLAN FOR RETIREMENT? - PUZZLE CONCEPTPeople have long been conflicted about annuities. On one hand, they like the guaranteed lifetime income that only these insurance products can provide retirees, but they don’t like giving up access to their savings. 

They can easily resolve the conflict by giving up control of a modest portion of their nest egg – say, 20% to 30% – and investing in an annuity to receive steady income they won’t outlive.

Click to continue to article…

Clicking third-party links will open a new tab and will take you away from TPPNAmeriLife.com. AmeriLife does not control the linked sites’ content or link.