Important protection issues and some great insight on the future of Artificial Intelligence
As it is the first full week of the month, before I summarise all the content on Protection Guru last week I should point out that Tuesday from Noon to 1:30 we will run our next
Protection Forum on Single Life, Joint Life and Menu plans if you have not already secured you ticket you can do so from this link.
Turning to our various content over the last seven days, Amanda Newman Smith provided a timely reminder of How protection shows wealth advisers put clients first.
This was followed by Matt Chapman looking at How greater flexibility could be the key to growing protection sales.
Jo Legg explored How do insurers underwrite breast cancer part 1 Look out for part two of this valuable analysis this week.
On Friday Guardian’s Rachael Welsh put together a summary of key issues around Securing your legacy beneficiary nomination and trusts in life insurance a key area where it is important for advisers to weigh up all the options when giving advice.
Other articles that caught my eye:
FT Adviser published a couple of great dedicated CPD articles last week. Nadia Cowdrey explored Planning for your disabled child’s future two trust options explained and Simoney Kyriakou picked up a favourite subject of mine How to decide if family income benefit is right for your client. Personally, I think FIB is the most misunderstood and undersold product in the market with huge potential to provide vast amounts of cover for families very cheaply and to really tailor the cover to the needs of each individual family member.
The Intermediary ran an interesting piece on how the Munich Re and Allfinanz relationship has helped National Friendly cut application times by more than half.
While in this weekly summary I usually focus on issues around protection, some readers might find it interesting if I include some wider content that am reading. Do please let me know in the comments if you find this interesting or not.
It is hard not to worry about the impact of AI on the future of our work and our lives. Personally, I believe it will have an amazing positive effect on our future, but it is certainly not without its dangers and absolutely cannot be ignored. Singularity Hub is one of my favourite sources of insight on the future and last week the stand-out article was.
What is AI superintelligence, could it destroy humanity and is it really almost here?
Continuing with the theme of artificial intelligence but focusing in on how it might be used by financial advisers, if you want to understand the art of possible and where AI is going in our industry it is worth visiting the content on our sister site AdviserSoftware.com looking at the recent AdviseAI conference in the US. There is some fascinating insight on these pages which you can access from this link and you existing Protection Guru login should work for that site too.
Without wishing to stray too far into politics, former Microsoft CEO Steve Balmer has been spending millions to help Americans understand how their government spends their taxes via his USA Facts website. A recent analysis looks at the causes of death across various age groups and while homicide and death by guns are far higher in the US, generally there is considerable insight to be gained from watching this video Facts on Healthcare and Death .
Have a great week everyone.
