How insurers provide stability to financial markets and the overall economy

Time to feel good about how your industry benefits society, courtesy of a new White Paper by the Insurance Information Institute that examines the correlation between the economic environment and the insurance industry.

Individual life premiums fall 2% in 1Q 2018 thanks to poor fixed UL sales

This marks the third consecutive quarter of declines in new annualized life insurance premium as a 19% drop in fixed universal life sales during the first three months of this year drag down sales totals.

1 in 3 Americans have less than $5,000 in retirement savings

New research finds waning confidence in Social Security; Americans expect to work longer.

2 in 3 RIAs and fee-based advisors say AI will create a competitive advantage

New special report's 360-degree view allows advisors to harness the benefits of Artificial Intelligence, learn from early adopters and help clients bridge the AI Divide.

House passes bill to protect seniors against fraud; industry groups urge President Trump to...

The Senior Safe Act intended to empower and encourage financial professionals to report suspected cases of elder financial abuse while shielding advisors who act in good faith and with reasonable care from liability.

ACLI names experienced Washington insider as successor to Dirk Kempthorne

Former White House staffer and one of the architects of the U.S. Department of Homeland Security Susan Neely, current president and CEO of the American Beverage Association and a highly decorated association executive, will take over as president and CEO of the American Council of Life Insurers this summer.

AALU targets growth, diversity as priorities during 2018 annual meeting

Incoming CEO Marc Cadin, who will be taking over later this year for David Stertzer, stressed the need for growth and depth within the advanced life insurance underwriting advocacy organization in an address to the meeting’s roughly 1,000 attendees.

FedEx buys $6 billion group annuity contract from MetLife to reduce pension obligations

The largest U.S. pension transaction by premium in the last five years continues the market trend of more plan sponsors transferring their pension obligations to insurance companies.

Formal retirement planning a ‘win-win’ for advisors and consumers

LIMRA SRI research confirms that formal retirement plans lead to significantly increased sales of annuities, while nearly half of affluent clients with a formal plan consolidate vast majority of their assets with their advisors.

New IRI Retirement Fact Book connects retirement risk and concepts with products and solutions

The Insured Retirement Institute’s newly released 2018 Fact Book intends to help insurance and financial advisors explain complicated retirement strategies and financial instruments in simple terms.