January 2024 ONE Idea Recap
Economic predictions abound at the end of every year. Business owners create plans and strategies for the coming year based on their own predictions and, perhaps, those of others – the experts. We continue to hear and read varied business, industry, and economic predictions, but which are correct? No one knows what will happen until it happens, but it doesn’t stop people from making predictions. Even our own Gonzalo Garcia gets caught up in the game. His ONE Idea from January mentions how much he likes reading the speculations of financial pundits. They are entertaining and sometimes someone gets lucky and gets it right. Dennis Bartos also brought us a timely piece last month about a potentially serious condition that led the US Defense Secretary to go AWOL for a few days in January and find himself in hot water because of a hospital stay. Who could have predicted that?
We hope our latest ONE Ideas have offered you guidance, inspiration, and at least one idea. With that in mind, the following is a recap of our ONE Ideas for the month of January.
Our first ONE Idea for the month is from Dennis Bartos, PA – Prostate Cancer: Forget the Defense, Let’s Go on the Offense. With Defense Secretary Lloyd Austin in the news with a diagnosis of Prostate Cancer, Dennis thought it timely to discuss the condition. His January 12th ONE Idea explored the implications of the age of onset, types of testing, scoring, and treatment, and how the AgencyONE underwriting team underwrites the condition. The ONE Idea also shares case studies from the clients of our AgencyONE 100 Advisors. This highly informative article is a must read.
The second ONE Idea for January is from Gonzalo Garcia, CLU – A 2023 Review & 2024 Predictions – Why Not? His January 23rd article mentions how little we can know about the future and how difficult it is to control its outcome. Economic predictions are everywhere and while they are often wrong, these predictions are very entertaining and get people thinking and talking. Many make their living – and quite a good one – by reading the economic “tea leaves” or their “crystal ball.” Gonzalo highlights a couple of economists in the prediction business who he likes and “make sense to him.” He goes on to overview the 2023 industry and economy and makes his own educated predictions for 2024: Interest Rates, Premium Financing, Private Financing/ Split Dollar, Annuities, M&A Activity, The Sunset, Peak 65, The Great Wealth Transfer, The National Debt, and Politics & Regulation. Stay tuned to see if Gonzalo can predict the future!
We look forward to bringing our AgencyONE 100 Advisors support, exciting content, and events in 2024 that are designed to help grow your business and post another successful year!
Remember, you can find our most recent ONE Ideas under “Updates > Blogs” on our website homepage. Additionally, a full library exists on your personal Dashboard on our website under the Sales/Marketing tab (you must have a website login for access to the complete library). If you see a ONE Idea you like, we will happily brand it for your company. Just let us know.
AgencyONE provides these ONE Ideas to help you and your clients gain a better understanding of the planning, product selection, design, and underwriting that goes into the purchase of life insurance (with and without linked benefits), annuities and disability insurance. We hope you find these ONE Ideas helpful when assisting your clients with their financial, wealth, business, and estate planning needs.
