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Vast Majority of Americans Say Protecting Their Loved Ones Financially is Important Right Now, But Less Than Half Have Life Insurance

Vast Majority of Americans Say Protecting Their Loved Ones Financially is Important Right Now, But Less Than Half Have Life Insurance

Global Atlantic Study Highlights Shifting Financial Priorities and the Need for Planning Amid Pandemic

New research from Global Atlantic Financial Group found that more than eight out of ten Americans (83%) say making sure their loved ones are financially protected is important to them right now, yet two in five (43%) have no life insurance and only one third (33%) believe they have enough life insurance or other assets to protect their family in the event of their own death.

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The “Perceptions of Life Insurance During a Pandemic” study was conducted in August by Artemis Strategy Group on behalf of Global Atlantic, among 1,065 American adults to examine their views on life insurance, estate planning and shifting financial priorities.

Aside from contracting Covid-19 personally or having a family member or close friend contract the virus, the top concern among those surveyed was to ensure their family’s financial wellbeing.

A full two thirds (67%) of Americans say the Covid-19 pandemic has made them think about their own mortality, while seven in ten (69%) have reassessed at least one financial aspect of their life during the pandemic. These areas include their emergency savings situation (54% have reassessed), long-term savings and investments (49%), employment situation (39%), and life insurance (28%).

When asked how many years of income they would replace with life insurance in the event of an early death, nearly six out of ten (57%) said at least two years. More than half of those with $150K or more in household income would replace five or more years of income (54%).

Only one third of Americans had a will in place before the pandemic, but nearly three out of ten either made changes to it during the pandemic,

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A Significant Majority Of Democrats And Republicans Support Strong Consumer Protection Regulations And Tougher Rules For Wall Street

A Significant Majority Of Democrats And Republicans Support Strong Consumer Protection Regulations And Tougher Rules For Wall Street

It has been ten years since the Wall Street Reform and Consumer Protection Act (Dodd-Frank) was signed. Given the complex nature of rule writing and the fact that fifteen regulators were involved, not all rules were finalized or implemented. Since Trump came into power, many of the rules that were finalized have been tailored and watered down. Yet, in the vast majority of both Democratic and Republican voters want strong consumer financial protections and tough regulation of the financial services industry.

Yesterday, in an Americans for Financial Reform and  Center for Responsible Lending sponsored-event, Lake Research Partners presented polling data, which shows that when in comes to a desire for tougher regulations for Wall Street, the word bipartisanship still exists.

Lake Research Partners’ key findings were:

·      Over nine in ten voters (91%) say it is important to regulate financial services and products to ensure they are fair to consumers, including 68% who say it is very important.

·      Nearly three-quarters of voters (74%) believe that Wall Street financial companies should be held accountable with tougher rules and enforcement, while only one in ten (10%) believe that their practices have changed enough that they don’t need further regulation.

·      More than half of voters feel that Wall Street and big corporations have gotten too much help from the government in response to the COVID-19 crisis (56%), while less than one in ten (8%) believe that they did not get enough help. Less than a quarter (23%) of voters feel that Wall Street received about the right about of aid.

·      Three-quarters (75%) of voters also believe there should be more government regulation of financial companies, such as Wall Street banks, mortgage lenders, payday lenders, debt collectors,

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Impact Creative Systems, Brian Grazer and Ron Howard’s Content Accelerator, Is Now a Majority BIPOC Business (Exclusive)

Impact Creative Systems, Brian Grazer and Ron Howard’s Content Accelerator, Is Now a Majority BIPOC Business (Exclusive)

“We search far and wide to find the most talented and qualified people for our organization,” one executive tells TheWrap

Impact Creative Systems, the content accelerator founded by Brian Grazer and Ron Howard, has made several new hires that have helped make the company a majority BIPOC (Black, Indigenous and people of color) business, TheWrap has learned on Tuesday.

The new hires come less than a month after the company closed its Series A round of funding with Benchmark. They also demonstrate the company’s “commitment to internal inclusivity,” Impact said in a statement, “while working towards the company’s mission of democratizing access to the entertainment industry through new technology that optimizes connectivity and workflow.”

Impact has added a handful of new team members recently, including: Justin Ma as lead product designer, Michael Arrington a software engineer, Efosa Oyegun as senior software engineer, and Thomas Sieverding as lead software engineer.

The company has also promoted several employees of late, including Dara Ellacin, the first executive hired by Impact when it launched two years ago; she has been elevated to VP of Operations. Daniel Unger, who is currently wrapping up Impact Australia, the company’s first international accelerator, has been named Director of Content. Gretchen Lynch has been elevated to Content and Marketing Coordinator and will work under Unger and Ellacin, while Chris Han has been bumped up to technology director.

“Dara, Daniel, Gretchen and Chris have been with Impact from day one, and I’m very excited to continue building the company with them along with the incredible new members to our tech team,” CEO Tyler Mitchell said. “We’re committed to growing Impact and building new technologies that will benefit the entertainment ecosystem at large.”

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Impact

The eight Impact team members mentioned above

Impact’s emphasis on diversity has been hand-in-hand with its focus

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Impact Creative Systems, the Content Accelerator by Brian Grazer and Ron Howard, Is Now a Majority BIPOC Business

Impact Creative Systems, the Content Accelerator by Brian Grazer and Ron Howard, Is Now a Majority BIPOC Business

Impact Creative Systems, the content accelerator founded by Brian Grazer and Ron Howard, has made several new hires that have helped make the company a majority BIPOC (Black, Indigenous and people of color) business, TheWrap has learned on Tuesday. The new hires come less than a month after the company closed its Series A round of funding with Benchmark. They also demonstrate the company’s “commitment to internal inclusivity,” Impact said in a statement, “while working towards the company’s mission of democratizing access to the entertainment industry through new technology that optimizes connectivity and workflow.” Impact has added a handful of new team members recently, including: Justin Ma as lead product designer, Michael Arrington a software engineer, Efosa Oyegun as senior software engineer, and Thomas Sieverding as lead software engineer. The company has also promoted several employees of late, including Dara Ellacin, the first executive hired by Impact when it launched two years ago; she has been elevated to VP of Operations. Daniel Unger, who is currently wrapping up Impact Australia, the company’s first international accelerator, has been named Director of Content. Gretchen Lynch has been elevated to Content and Marketing Coordinator and will work under Unger and Ellacin, while Chris…

Read original story Impact Creative Systems, the Content Accelerator by Brian Grazer and Ron Howard, Is Now a Majority BIPOC Business | Exclusive At TheWrap

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