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Can brokers predict the future?

The voluntary business is an important economic bellwether. It sounds plausible given that these are discretionary financial product purchases by large numbers of consumers.

By Bonnie Brazzell , Gil Lowerre | Updated on October 01, 2011

The voluntary business is an important economic bellwether. It sounds plausible given that these are discretionary financial product purchases by large numbers of consumers.

As consumer sentiment changes, there is a direct impact on our economy. There also is, so we’re told, a direct impact on participation rates, overall voluntary sales, etc. Given the fact most Americans have access to voluntary products, it may be true. But do voluntary brokers and company executives have the ability to use that information to predict the future? We wanted to test that concept.

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