Shifting focus to your underinsured borrowers

first_imgIt’s no secret that the demographic makeup of a financial institution’s membership is changing. As Boomers near retirement, their children are entering the mid-career phase of their lives, and their grandchildren are starting their financial journey. Each of these demographic segments has different product and service needs, as well as differing expectations from their financial service providers.While those nearing retirement age may be looking for ways to diversify their portfolio or develop a sound estate plan, their Millennial children likely have all of their proverbial eggs in the earning and wealth development basket. This demographic segment is likely the largest—and riskiest—segment of your loan portfolio. Millennials are in the phase of their lives where they are taking out mortgages, multiple car loans, home equity loans, and credit card accounts.So you can probably see how they may pose a risk to your financial institution should default come into the picture. Even more shocking, only 10% of Millennials have enough life insurance in place to cover their major expenses and obligations according to New York Life’s 2018 Life Insurance Gap Survey. This same survey states that while Millennials do have some life insurance in place, they have a $352,000 coverage shortfall. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Isaac Addo confirmed as Ghana FA General Secretary

first_imgMr. Isaac Addo has been appointed as the General Secretary of the Ghana Football Association.This was confirmed at the last meeting of the GFA Executive Committee at the GFA Secretariat in Accra.Until his recent appointment, Mr. Addo was a Deputy General Secretary (Marketing) of the Association.He acted as General Secretary of the Association after the retirement of Mr. Emmanuel Gyimah in 2015.Mr. Addo joined the Ghana Football Association in 1999 as an Administrative Officer before he was later appointed as Deputy General Secretary in charge of Marketing.He is a graduate of the University of Ghana (Legon) with a Bachelors Degree (Hons) in Economics & Political Science before attending a Sports Administration Course at CAF.  He also earned a Masters Degree in Business Management at the University of Hull (UK) and a Masters Degree in Disaster Communications Management at the USTTI (USA). The General Secretary is the head of the General Secretariat of the Ghana Football Association.last_img read more

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