Is The Insurance Industry Ready For The Great Wealth Transfer Agentsync

By switzerlandersing On Sep 10, 2025

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync It is important to acknowledge that the great wealth transfer is not a static event, but one that will be impacted by big swings in the economy, technology and culture. the ability for. About 70% to 80% of widows change their financial advisors within a year of their husband’s death, according to a number of studies. this often happens because many women believe their previous.

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync As a result of the great wealth transfer, younger generations will have more money and more assets to protect as they inherit them from their boomer generation parents and grandparents. logically, they may use some of that money to buy insurance policies to protect some of their newfound assets. To do so, start with an understanding of your practice’s unique risks and opportunities. is your practice characterized by any of the following? if so, you may be caught flat footed when these. We’re talking about the great wealth transfer, the historic shift of $70 trillion in assets from baby boomers to their gen x and millennial heirs. for independent insurance agents, this isn’t just a trend. it’s a call to action. September is life insurance awareness month, a time to highlight the importance of future planning. we spoke with nikki cannon, a financial professional with wfg, and candice conley, regional vp.

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync

Is The Insurance Industry Ready For The Great Wealth Transfer? | AgentSync We’re talking about the great wealth transfer, the historic shift of $70 trillion in assets from baby boomers to their gen x and millennial heirs. for independent insurance agents, this isn’t just a trend. it’s a call to action. September is life insurance awareness month, a time to highlight the importance of future planning. we spoke with nikki cannon, a financial professional with wfg, and candice conley, regional vp. Insurers are uniquely suited for intergenerational wealth transfer due to their expertise in risk management, longevity planning, and flexible, tax efficient products like ul, iul, and ppli. In the face of the great wealth transfer, it is important for wealth managers to follow best practices, according to the cerulli report. Capgemini research institute released its world life insurance report 2023, revealing a crucial turning point for the life insurance sector. facing a substantial decline in assets under management (aum), the industry braces itself for the largest inter generational wealth transfer in history.