Although the economy has hit a full-blown recession, according to government reports, independent advisors have been faring very well.
A LIMRA survey conducted last month with nearly 700 producers found that advisors are making the best of tough times by making a connection with their clients.
What advice are advisors giving their clients? According to the survey, “85 percent of individual producers reassured their clients to stay the course, while nearly three-quarters provided their clients with information about the financial stability of a company or product. In addition, about two-thirds of these advisors suggested to some clients that this is a good time to invest.”