Americans Say They Need This Much to Retire Comfortably
Northwestern Mutual Planning & Progress Study finds expected retirement age climbs significantly in two years to from 62.6 to 65.
Life Insurance
Coventry, Abacus Rank 1-2 in Life Settlement Market for 2022
Coventry, the creator of the secondary market for life insurance, once again ranks first for life settlements in 2022 by both number and value, according to financial publication The Deal.
Premiums Down, but Life Policy Sales Up in Q1 2023
LIMRA finds policy sales increased 4% in the first quarter, driven by small and mid-size carriers, but total new annualized premium slips from the record-high set in the prior year.
Bitcoin-Based Life Insurer Launches in Bermuda with Backing from OpenAI’s Sam Altman
“Meanwhile” billed as the first-ever digital asset-denominated life insurance provider, aims to reach a billion people globally by harnessing the power of AI and operating entirely in digital assets.
Term Life Face Amount Up 14% Year Over Year at Primerica
Q1 earnings report shows new life-licensed representative count up 11%, and Senior Health business makes progress toward profitability.
Interest in Life Insurance at All-Time High
2023 Insurance Barometer Study reveals younger Americans have the greatest need and desire to buy life insurance.
Labor Department Reaches Settlement with Prudential Over Denied Claims
Insurer accepted participants’ life insurance premiums, then denied hundreds of claims over failure to provide evidence of insurability.
Investor Satisfaction with Financial Advisors Falls with Markets, J.D. Power Finds
Lack of comprehensive advice and personalized financial planning leaves wealth managers stuck in co-dependent relationship with market returns.
Sproutt Launches SmartLife for Agencies, Acquires The Reder Agency
New York-based life insurer says platform will enable agencies to scale by integrating cutting-edge technology with access to leading products, while acquisition brings in hundreds of experienced agents.
IRI’s 2023 Annual Conference Opens with Award Winners and Record Attendance
The Insured Retirement Institute kicked off its conference in Miami today.
