The Value of a Compliance Self-Assessment for Insurance Advisors
You might be asking yourself, “why should I spend time on compliance for my practice”? Well, we know that compliance tends to get a bad rap because it is often associated with laws, regulations, enforcement actions, and penalties for those who do not follow the rules. It also takes valuable time, effort, and resources from […]
Elderly Financial Exploitation: How to Identify & Steps to Take to Protect Your Client
Elder financial exploitation or mistreatment has become more prevalent in recent years. A study by the National Adult Protective Services Association (NAPSA) shows that one in twenty seniors has reported some form of financial mistreatment in the past year. In many cases, the abusers are people they love or trust, such as family members, friends, caregivers, or […]
Planning for College? Use Life Insurance to help with College Cost
Think back to when you graduated college. Do you remember how much it cost a year? Did you pay for it or have help paying for it? Did you have loans or grants to help offset the cost? Planning for the cost of college is important for those investing in higher education. As a Vice President […]
Your Four Obligations under NAIC’s “Best Interest” Model Regulation
Editorial Note: Please note that information in this blog is not meant to address all aspects of the Model Regulation, or any variations in individual state laws or regulations, and should not be considered legal advice. View additional resources, including an FAQ for the Best Interest Model Regulation on DMI’s My Back Office. In February […]
How You Can Benefit From Adding Podcasts To Your Marketing Plan
DMI | Marketing, podcast The benefits of adding a podcast to your marketing plan are numerous. A podcast can diversify your marketing, reach new audiences, provide insight into the internal workings and expertise of your organization, add credibility to your business and establish thought leadership. Research conducted by Infinite Dial shows that about 67 million […]
2020 Reflections from DMI
In an unparalleled year, DMI focused on what we do best; we helped our agents grow their business by providing dynamic elements for success. In 2020, we innovated our best-in-class products, award-winning marketing services, sales consulting, and back-office operations support. We developed new skillsets, explored how to best leverage new technologies, and most importantly, continued to deliver without interruption, superior […]
A 2021 Regulatory Outlook: 4 Critical Areas for Agents and Advisors
Maureen James – Co-owner/Principal at Summit Compliance Group, LLC | Compliance, Data Security, Risk Assessment, Regulation, Best Interest Rule “If you think compliance is expensive – try non-compliance.” – Former US Deputy Attorney General, Paul McNulty Compliance tends to get a bad rap because it’s often associated with laws, regulations, enforcement actions and their associated […]
Three Tips for Year-End Financial Planning
DMI | Financial planning, taxes 2020 is officially wrapping up. From market volatility to global challenges like the COVID-19 pandemic, this year has been full of ups and downs. It’s more important than ever to ensure your financial planning is in order. As you support your clients during a challenging year, these are some things […]
How to Give Back This Holiday Season
The holiday season is full of excitement and wonder, but it can also be stressful for many families. Giving back to your community is a great way to spread joy while providing help to those in need. The COVID-19 pandemic has created an increased need for support across many communities during the holiday season. Explore […]
Tips for a Successful First Client Meeting
Asking the right questions during a fact-finding meeting is key to impressing your clients, allowing you to start your relationship off on the right foot. Read on to learn more about the importance of first meeting fact-finders, including tips on making a lasting positive impression. The Key to a Successful Fact-Finding Meeting Fact-finders should cover qualitative […]