SBLI launches final expense whole life product

The Savings Bank Mutual Life Insurance Company of Massachusetts has introduced a new Final Expense Whole Life Insurance policy that consists of a cash payment the beneficiary can use for more than just funeral costs.
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Mutual of Omaha to retire corporate logo

Omaha-based insurer commits to additional efforts to address racial equity, social justice initiative.

DOL’s new investment advice proposal intends to replace vacated fiduciary rule

Agency says the measure, which aligns with SEC and NAIC best interest rules, will ensure financial advisors act in retirement savers’ best interests.

Only 22% of Gen Z prepared to be life insurance beneficiaries or know about...

New NAIC study finds America's Generation Z—which has grown up as digital natives and is more likely to be engaged in social activism—is less engaged when it comes to life insurance.

2020 Insurance Barometer Study: Is Life Insurance Tomorrow’s Problem?

This year’s study reviews 10 years of consumer data on life insurance and related financial issues, and finds while many were without it during the height of COVID-19, 36% of respondents said they intended to purchase life insurance in the next 12 months.

Life application activity soars 5.2% in May, reversing two-month decline

Latest MIB Life Index shows application activity gains in all age bands over April.

Seven-Eleven to sell life insurance, but not in the U.S.

Japan’s largest convenience store chain will start selling cancer insurance policies through vending machines as a way to make “contactless” sales necessitated by coronavirus.

Life insurance ownership falls 9% in past decade

2020 Insurance Barometer Study from Life Happens and LIMRA reveals a significant decline in life insurance ownership over the past 10 years.

Life Insurance community denounces racial injustice in joint statement

As cities across the country protest in the aftermath of the tragic death of George Floyd, leaders from many of the leading life insurance industry organizations say the industry must move forward with moral purpose and sustained commitment.

Big shift from universal life to IUL underway, Milliman finds

Total individual universal life insurance sales decreased 31% between 2017 and late 2019 , while indexed universal life (IUL) sales increased 16% during the same time period, according to a new study by Milliman.