Practice management

In the midst of a gaping hole in life insurance coverage, Mintel Comperemedia, a research and consulting agency that specializes in direct marketing, released statistics regarding the life insurance sector’s marketing targets and finds that carriers are drifting further and further away from the bull’s-eye.

According to recent studies employee and employer perspectives on voluntary benefits vary greatly. Read in today's BeAdvised about one possible explanation for the discrepancy.

Weight management is a popular wellness trend as the country deals with the health implications of obesity in our society. Similarly, benefits communications have become more and more bloated. Brokers need to help their clients communicate their benefits suite properly.

Well, here we are at the beginning of the fourth quarter. On the one hand, it hardly seems possible that this year is almost over. On the other, many in our industry have found the beginning of this decade to be very challenging and would prefer to not relive the industry-altering events of the recent past. And when you add in the year of debate that preceded the passage of the health care reform bill, it's really been about two and a half years of difficult and disruptive dialogue and change.

I couldn't believe my eyes. I stood a mere three feet away from the mentalist Alain Nu, who lightly pinched the handle of the heavy, solid spoon between his thumb and fingertip. As I watched in amazement, the curved handle of the spoon . . . slowly began to . . . bend! . . . and it continued to bend . . . without Nu touching it.

Most group business renews on January 1. So you are going through the craziness of putting your 12/1s and 1/1s to bed. Carriers are late with numbers. Groups are asking you to take their plans to market. You are playing defense as sharks circle your groups more this time of year. Welcome to the busiest time of year for most brokers and consultants.

Over the years of working with benefits professionals, I have seen three common mistakes that are costing them business and raving fan referrals. More importantly, these three mistakes also are costing them money through staff and infrastructure expenses.

The meaning of success is different for each of us. Whether we are talking about business or personal achievement, we define success by what matters most to us. Is it any wonder that your clients have different ideas about what spells success for a corporate wellness program?

Most advisers know the basics of FMLA. The Family and Medical Leave Act is the federal law that requires employers to provide employees with a job-protected, unpaid leave of absence from work for a variety of family reasons, including military leave or their own medical-related needs. FMLA strictly regulates the process that employers must follow to comply with the law.

One of the most famous Yogi Berra-isms is: "When you come to a fork in the road, take it."

Financial adviser Terry Kingsbery will stand in front of a room of highly educated people with a dollar bill held up high to make a point about planning for retirement.

Americans are divided on their outlook for the economy, a Harris poll of 2,464 adults earlier this month found. Twenty-one percent expect the economy will improve, 45% think it will stay the same, and 34% fear it will get worse.

Just to recap, in my previous post I argued that as benefits advisers we need to change the conversation with our clients. I used the example of my client who asked me to present at a sales seminar on solution-based (vs. product-based) selling. I also said I would share some thoughts on how to effectively move our role as advisers forward. If you don’t remember or need to remind yourself, please go here. …

What does it take to hire truly great staff for your firm, and how many steps are involved? Speaking here at the 6th Annual Employee Benefit Adviser Summit, EBA Contributor Jack Kwicien, a managing partner of Daymark Advisors, provided some tips for hiring truly expectational talent.

Insurance agency online marketing provider Insurance Website Builder is partnering with Insurance Technologies Corp. to add a Facebook social media plugin to its offering. The Facebook social media plugin installs a mini version of an insurance agency’s main website on Facebook, including blogs, employee directory, locations and quote forms.

Brokers and advisers must change now and prove to companies that doing nothing could be “detrimental” a former adviser said at EBA Summit.

QUESTION: With all of the buzz surrounding “alternative funding” these days, can you please provide a couple of strategies that can assist clients in better controlling health care costs? ANSWER: The bottom line is that it is time for brokers to understand that the new reality means a smaller market and less commission for their fully insured groups. …

Many reports indicating that Americans know they don’t have sufficient life insurance have surfaced over the past few months. So, what’s the solution? According to the 2011 Genworth LifeJacket Study, “7 Key Insights to Help Close the Coverage Gap,” Americans have a desire to work with an agent or adviser to understand the role of life insurance in securing their families’ futures. Additionally, 40% of consumers do not believe they have enough life insurance to meet their families’ long-term needs. The study illustrates that financial professionals should change the way they approach their client base and break down the barriers that keep families from obtaining adequate coverage.

Predicting an employee’s future success at a company has traditionally stumped experts, and relying on metrics such as IQ level, only tells 25% of the story. Read what makes up the other 75%, according to Shawn Achor, Harvard researcher and positive psychology expert.

PPACA has been law for 15 plus months and many brokers and advisers consultants are still in denial. Many are acting like nothing has changed. Not for their clients. And not for their businesses either. This is no time to play the ostrich game. It’s survival of the fittest and most adaptable. Our world of benefits has changed and the landscape will continue to evolve. It’s time for a reality check. Change is never easy,…