Interest in careers as life insurance agents soars in 2020

Pandemic-induced layoffs in other industries lead to big jump in candidates for field sales positions in “stable” life market, LIMRA reports.

DOL’s Fiduciary Rule goes into effect Tuesday

Controversial investment advice exemption that aligns with SEC’s Regulation Best Interest being implemented as scheduled.

Insurtech News: Bestow partners with Lemonade; Oscar readies IPO

Here’s a quick rundown on a couple of notable developments from some high-profile insurtech disruptors.

Virtual industry events offer strong content lineup in February

While live, in-person conferences may still be a few months away, that doesn’t mean there aren’t some great educational events on tap this February for life insurance professionals with NAILBA and LIMRA offering up top-notch headliners.

Industry associations unite to address U.S. life insurance coverage gap

Seven U.S. life insurance trade associations are pooling their resources to support the efforts of life insurers and financial security professionals as they help Americans get life insurance coverage during a time of great financial insecurity.

Allstate sells life insurance unit to Blackstone in $2.8 billion deal

Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. in the latest deal between financial firms and life insurance businesses. Names America’s Best Life Insurance Companies for 2021

Ninth annual survey asked more than 2,000 consumers to consider cost, customer service, website/app and more; AAA Life Insurance ranks on top in 2021

Resolution Life completes acquisition of Voya’s individual life in-force business

Transaction provides Resolution Life with a platform for further growth in the U.S.

MIB Life Index: Application activity slows in November, but still growing

Younger applicants continue to drive 2020 growth while activity from older applicants dips.

Whole and term life forecast: Contract in 2020, rebound in 2021, 2022

LIMRA predicts most life insurance product lines will return to pre-pandemic sales growth over the next two years.