The yield on the 10-year Treasury started this week where it ended the last, at 1.97 percent. Treasury investors don’t seem to have been troubled by commentary from the most recent Federal Open Market Committee (FOMC) meeting, in which some members expressed concerns about continued asset purchasing. Read more now.
Supporting Waldo Community Action Partners 2013
Allen Insurance and Financial recently made a donation to Waldo Community Action Partners, with the money going toward the completion of the installation of energy efficient windows at the Belfast Head Start Center on High Street. Pictured here are Business Insurance Specialist Richard Crossman of Allen Insurance and Financial and Keith Small, executive director of WCAP.
A multi-service agency serving Waldo County since 1965, WCAP is the largest provider of low-cost and free transportation and early childhood education in Waldo County. Allen Insurance and Financial, an independent agency providing insurance and financial planning services, has offices in Rockland, Camden and SouthwestHarbor.
Weekly Market Summary – 2/19/13
The yield on the 10-year Treasury hovered around 2 percent for most of last week, with heavy auctions but little net new supply; it stood at 1.99 percent early Monday morning.
The S&P 500 Index maintained its momentum to log its seventh consecutive week of gains last week, although the pace of gains seems to be slowing and there are some early signs that the market might be running out of gas,especially as we approach the all-time high of 1,565.
Harvard Pilgrim Health Care’s Broker of the Quarter
Harvard Pilgrim Health Care, the non-for-profit health care plan serving more than 1 million people in New England, has named Allen Insurance and Financial its Broker of the Quarter for the fourth quarter of 2012.
Allen was chosen from among Harvard Pilgrim’s approximately 900 brokers in Maine, Massachusetts and New Hampshire based on these criteria:
- Accurately and professionally representing Harvard Pilgrim Health Care to customers
- Demonstrating fair and ethical standards
- Taking initiative to learn more about HPHC
- Highest number of sales to commercial accounts/members
Dan Wyman, Allen’s employee benefits manager, notes: “Health insurance is a difficult matter for all of us, both in cost and quality. We’re proud to partner with Harvard Pilgrim to offer innovative and high quality health insurance plans to our customers throughout Maine.”
Harvard Pilgrim Health Care is a not-for-profit health plan serving more than one million members in New England. Founded in 1969, the health plan has built its reputation on pragmatic innovation with a goal of lowering costs, improving care and enhancing the overall member experience. Harvard Pilgrim is known for its excellent clinical programs, customer service, health improvement strategies and innovative tools that offer consumers greater transparency and empower them to make better decisions about their health care. Ranked as the top private health plan in America for nine consecutive year by the National Committee for Quality Assurance, Harvard Pilgrim says: ” Count Us In” to the members and communities it serves.
Weekly Market Summary – 2/13/13
The yield on the 10-year Treasury was as high as 1.97 percent Monday morning, up slightly from where it stood last Friday, at
1.95 percent. Domestic equity markets continued to march higher last week. Strong fund flows and decent earnings results have been cited as potential catalysts. Read more now.
Weekly Market Summary – 2/4/13
As expected, U.S. Treasuries have been slightly more volatile to start off the year. Last week, the yield on the 10-year was as low as 1.92 percent; early Monday morning, it was at 2.02 percent.
The Federal Open Market Committee met last week for one of its eight annual meetings to discuss rates and the economy. The economy has cooled since the last meeting, and it seems that the Fed plans to keep rates low for some time.
Anna Moorman Licensed for Life and Health Insurance
Anna Moorman, Voluntary Benefits Account Manager at Allen Insurance and Financial, has obtained her license to sell life and health insurance in the state of Maine.
Anna Moorman
Moorman, a native of Thomaston, joined the company’s Voluntary Benefits team in October 2012.
“Allen Insurance and Financial has such a rich history and serves as a mainstay in our community,” said Moorman. “Being a member of the AIF team is like being a part of a huge family — and I have been welcomed with support unlike anything I’ve experienced in my career.”
Moorman is a graduate of Georges Valley High School and the University of Southern Maine (magna cum laude). She holds a Master Certificate in Project Management from the University of New England.
“I love helping people and solving problems,” she said. “In my role as an account manager I will have many opportunities to help our clients through difficult times, which is what they count on us for.”
Moorman lives in her hometown with her husband Ken and their son Carter. Outside of work, she enjoys spending time with friends and family. Most Sundays you will find her in the kitchen, cooking – her favorite hobby.
Social Security: Maximizing Your Benefit
On Wednesday, Jan. 30, Brian Beaulieu, ChFC®, AIF®, of Allen Insurance and Financial (located at 31 Chestnut St in Camden) offered a lunch & learn at Maine Coast Memorial Hospital on how individuals can take the guesswork out of one of the most important financial security decisions they may ever make. It was a lively presentation on the steps one can take to reap the rewards — rewards earned — by pinpointing the best time for an individual (and spouse) to start these benefits. A ew years can mean tens of thousands of dollars, or more.
Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.
Weekly Market Summary – 1/28/13
The yield on the 10-year Treasury was as high as 1.99 percent early Monday morning, slightly above its most recent high of 1.94 percent a few weeks ago. This is well above the high end of the range the 10-year has been in since last summer, and we could continue to see upward pressure on yields in the short term. Read more now.
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