From Baby Boomers, to Gen X’ers to Millennials, everyone seems to want to live for today. Whether it’s taking that dream vacation or crossing things off your bucket list, people are not waiting to live life to the fullest today. And, surprisingly, a lot of us are also looking to the future and planning ahead.
When it comes to planning, a new study shows more of us are thinking about our futures including financially and health wise. For the first time, the 2016 Insurance Barometer Study looks at the use of wearable activity trackers and smart scales by Americans. The findings show that 51% of Millennials and 30% of people overall are very or extremely likely to consider wearing an activity tracker. They’re even willing to share those results with a life insurance company in return for financial rewards for healthy behaviors.
The survey also shows the three top planning issues for most people include:
- Having enough money for a comfortable retirement
- Paying for long-term care
- Paying for medical expenses
The survey was conducted jointly by non-for-profit research industry trade association known as LIMRA, and the non-profit educational organization Life Happens (dedicated to helping consumers take personal financial responsibility through ownership of life insurance and related products.)
Join me in a recent interview with Life Happen Chairman Cliff Wilson as he talks about the new study that shows more adults ARE planning for the future.
Catch the complete interview right here:
BIOGRAPHY: Cliff F. Wilson, CLU, ChFC, CLF, LUTCF
A forty-plus year veteran of the insurance agency, Cliff F. Wilson, CLU, ChFC, CLF, LUTCF is president of Chandler, Arizona-based Southeast Arizona Insurance Services, Ltd. The company provides insurance and related financial services to businesses and families.Wilson entered the insurance business in 1970, and went on to qualify for MDRT, becoming one of his company’s top producers. After several years, he moved to Arizona and went into agency building, and subsequently qualified for numerous company and industry awards, including GAMA’s “National Management Award.”
Actively involved in the insurance industry, Wilson is a past president of the National Association of Insurance and Financial Advisors (NAIFA), as well as past president of NAIFA Arizona, and served two terms on NAIFA’s board of trustees. He is a member of GAMA International and The Society of Financial Service Professionals, is a past board member on LUTC Board of Trustees, and in 2000, was named Arizona’s Life Underwriter of the Year. Wilson is a frequent industry speaker, and has testified before Congress on Insurance Regulatory Legislation and met with top White House and Treasury Officials on regulation. Wilson is 2016 Chair of the Life Happens Board of Directors.
A past board member of The American College, Wilson has served his community by coaching Little League and soccer teams, serving as a Board member for several youth organizations and helping with various other community sponsorships. He and his wife Joyce have three children and four grandchildren, and live in Gilbert, Ariz.