Genivity: Financial Planning in a Pandemic-Driven Economy

Financial Planning in a Pandemic-Driven Economy

Your opinion matters! The purpose of this brief survey is to measure the consumer behavior and attitude towards long and short term financial planning in wake of the 2020 economic recession and a global pandemic. This information will equip financial planners with a deeper understanding of what products, tools, and services are best suited for their existing and prospective clientele.

Your submission will enter your name into a drawing to win a $100 Amazon gift card!

Genivity is an award-winning technology platform helping financial professionals and their clients understand, impact, and protect their financial future from the #1 threat to retirement savings: health and elder care costs. The Genivity HALO (Health Analysis & Longevity Optimizer) personalizes longevity, health, & elder care costs in retirement, giving clients unique insights into their future needs & arming their advisors with better information to protect their plan. Founded by a team of healthcare professionals with backgrounds in computational genetics, data science, and market development, Genivity provides leading financial institutions with data-driven insights to inform decision making and drive business growth across the household. To learn more, visit https://genivity.com.

Genivity’s mission is to make sure no one runs out of money during retirement due to the #1 cause of bankruptcy in the U.S. which is healthcare.

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* 1. Has the recent global pandemic and economic turmoil changed your attitude towards your finances?

Yes

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* 2. If yes, how:

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* 3. How would you rate your health right now?

10 - Excellent

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 4. What are your top concerns right now as it relates to the pandemic and your financial wellbeing? Check all that apply:

Setting up an emergency fund

Staying on track for retirement (or in retirement)

Staying active and healthy so I can achieve my financial goals

Making lifestyle and financial changes now to protect my future

Caregiving for an aging parent or loved one

Financially helping an aging parent or loved one

Being a burden on loved ones because of a health crisis

Running out of money in retirement because of health issues

Making sure my affairs are in order (estate planning)

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* 5. Have your financial goals expanded to include healthcare costs and emergencies?

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* 6. As you know, health care costs often increase as one ages. Would you say:

Health care costs are the most important consideration in my financial planning for the future

Health care costs are a somewhat important consideration in my financial planning for the future

Health care costs are a minor consideration in my financial planning for the future

Health care costs are not a consideration in my financial planning for the future

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* 7. Would you be interested in learning more about ways to factor in your future health needs into your financial or retirement plan?

Yes

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* 8. Have you or a loved one recently experienced a health crisis personally?

Yes

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* 9. If so, please describe:

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* 10. At any time in the past 12 months have you provided unpaid care or assistance to a friend or family member who needs assistance due to aging, a disability, or a chronic health-related issue?

Note: By care or assistance, we are referring to providing help with activities (like bathing/dressing, grocery shopping, housekeeping, meal preparation, providing transportation to medical appointments, managing medications, help with bill-paying or managing their finances, arranging for outside services, etc.) for someone who needs assistance due to aging, a chronic condition, or other health issues.

Yes

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* 11. If yes, how much have you financially contributed to their care?

Under $200

$200 - $500

$500 - $1000

Over $1000

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* 12. Has this pandemic changed your attitude around long term planning for health and wealth?

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* 13. Do you currently have a Health Savings Account (HSA) or Flexible Spending Account (FSA)?

Yes, I have a HSA

Yes, I have a FSA

No (if no, show next question)

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* 14. If no, are you planning to start one at the next open enrollment period for your health insurance?

Yes

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* 15. Do you currently engage the services of a financial planner or advisor?

Yes

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* 16. If yes, how long have you had one?

If no, why not?

0 - 2 years

3 - 10 years

11 - 20 years

20+ years

I do it myself

I rely on someone else in my family to manage these decisions

Other

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* 17. If NO (to Q15), Would you be interested in learning more about financial and retirement planning?

If YES (to Q15), Do you believe it’s important for your advisor to include your health as a factor in retirement planning?

Yes

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* 18. What is your net worth in investable assets?

$0 - $250K

$250K - $1M

$2M - $10M

>$10M

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* 19. What age bracket do you fall in?

22-39

40 - 54

55 - 64

65 - 75

76+

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* 20. To which gender identity do you most identify?

Female

Male

Other (please specify)

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* 21. What is your net worth in investable assets?

$0 - $250K

$250K - $1M

$2M - $10M

>$10M

Genivity: Financial Planning in a Pandemic-Driven Economy

Financial Planning in a Pandemic-Driven Economy

Question Title

* 1. Has the recent global pandemic and economic turmoil changed your attitude towards your finances?

Question Title

* 2. If yes, how:

Question Title

* 3. How would you rate your health right now?

Question Title

* 4. What are your top concerns right now as it relates to the pandemic and your financial wellbeing? Check all that apply:

Question Title

* 5. Have your financial goals expanded to include healthcare costs and emergencies?

Question Title

* 6. As you know, health care costs often increase as one ages. Would you say:

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* 7. Would you be interested in learning more about ways to factor in your future health needs into your financial or retirement plan?

Question Title

* 8. Have you or a loved one recently experienced a health crisis personally?

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* 9. If so, please describe:

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* 11. If yes, how much have you financially contributed to their care?

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* 12. Has this pandemic changed your attitude around long term planning for health and wealth?

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* 13. Do you currently have a Health Savings Account (HSA) or Flexible Spending Account (FSA)?

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* 14. If no, are you planning to start one at the next open enrollment period for your health insurance?

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* 15. Do you currently engage the services of a financial planner or advisor?

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* 16. If yes, how long have you had one?If no, why not?

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* 17. If NO (to Q15), Would you be interested in learning more about financial and retirement planning?If YES (to Q15), Do you believe it’s important for your advisor to include your health as a factor in retirement planning?

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* 18. What is your net worth in investable assets?

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* 19. What age bracket do you fall in?

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* 20. To which gender identity do you most identify?

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* 21. What is your net worth in investable assets?

* 16. If yes, how long have you had one?

If no, why not?

* 17. If NO (to Q15), Would you be interested in learning more about financial and retirement planning?

If YES (to Q15), Do you believe it’s important for your advisor to include your health as a factor in retirement planning?