Barriers to Financial Advice for Non-Affluent Consumers

Research Projects – Life Insurance

The Actuary of the Future along with the Product Development Section, are pleased to make the following report available. Authored by Dan Iannicola, Jr. and Dr. Jonas Parker of The Financial Literacy Group, this report examines why professional financial advice is generally not available to the non-affluent segment of the American public.

The sponsors would like to thank the following individuals who served on the Project Oversight Group:

  • Janet Deskins—POG Chair
  • Pete Bondy
  • Eric Clapprood
  • Steve Cooperstein
  • Jennifer McGinnis
  • Sue Sames
  • Jan Schuh—SOA Research Administrator
  • Ronora Stryker—SOA Research Actuary

If you have questions or comments on this research, please contact Ronora Stryker, SOA Research Actuary, at