Financial Wellbeing Perception Gap Creating Barriers for Americans
A majority of Americans think they’re on the right path when it comes to financial stability, according to a new survey from Legal & General ... Read more
Life Insurance
Final DOL Fiduciary Rule Released Despite Insurance Industry Objections
The Biden-Harris administration announced this week the Department of Labor has finalized its Retirement Security Rule “to protect the millions of workers who are saving ... Read more
Life Insurance ‘Need Gap’ Grows in 2024
A record-high number of American adults (42%) — representing 102 million people — say they need (or need more) life insurance, finds the 2024 Insurance ... Read more
OneAmerica, Broadridge Partner to Provide Female Advisors with Free Fiduciary Training
As part of a new offering announced March 27 from the OneAmerica Financial Female Retirement Professionals Program, OneAmerica Financial and Broadridge Retirement and Workplace are ... Read more
Guinness World Record Life Insurance Policy Issued in Hong Kong
There’s a new Guinness World Record for the most valuable life insurance policy ever sold, and it’s worth $250 million. Issued and fully underwritten by ... Read more
Royal Neighbors Launches Final Expense Product
Rock Island, Ill.-based fraternal benefit society Royal Neighbors of America recently unveiled “Ensured Legacy Final Expense,” a suite of life insurance products with coverage customization ... Read more
U.S. Individual Life Payout Ratios Down Despite COVID-19 Mortality Concerns
Higher premiums and fewer death benefits have led to reduced payout ratios on individual life insurance policies since 2020, despite concerns about COVID-19 and elevated ... Read more
SEC Reports Second-Biggest FY Fine Total Ever
Enforcement results for Fiscal Year 2023 show 784 enforcement actions and obtained orders for nearly $5 billion in financial remedies and distributed almost $1 billion to harmed investors.
Customer Satisfaction with Life Insurance, Annuities Climbs as Consumers Embrace Digital, J.D. Power Finds
State Farm ranks highest in individual life insurance satisfaction; F&G tops individual annuity satisfaction
National Western, Prosperity Life Group Announce $1.9 Billion Cash Merger
Deal comes months after Prosperity abandoned takeover try for American Equity.
