Big mutuals reveal reduced 2017 policyowner dividends
In late October, Northwestern Mutual Life announced its intentions to pay $5.2 billion in dividends to policyholders in 2017. Last week, MassMutual announced plans to ... Read more
Life Insurance
New term market entrants target younger consumers with easy online applications and no exams
A new wave of insuretech startups is converging on the term life insurance market, looking to woo uninsured and underinsured millennials with quick, simple online ... Read more
State Farm tops in life insurance customer satisfaction for third consecutive year
COSTA MESA, Calif. – Life insurers are focusing their efforts on interaction as a way to satisfy their existing life insurance customers and attract new ... Read more
Advisors overly optimistic they will continue to manage client assets for multiple generations
NEW YORK CITY –While many advisor-client relationships weaken with each passing generation, overall, a vast majority of advisors believe they will continue to manage at ... Read more
Non-recourse premium financing for in-force policies an alternative to surrender for older clients
Unexpected cost of living increases affect people of all walks of life. Even the best-laid plans are not foolproof. There are unforeseen circumstances that cannot ... Read more
Boomers, Millennials driving changes to business strategy, LIMRA leader says
CHICAGO — Insurance and financial services companies need to focus on two separate strategies to effectively reach the two key generations, LIMRA President and CEO ... Read more
Americans unwilling to pay a realistic amount for professional advice
Six in 10 Americans would prefer to pay a flat fee when buying life insurance, according to new LIMRA research. About one quarter of Americans ... Read more
Life Insurance industry’s patient capital a driver of economic growth and stability
More ammunition this week about the greater good for society being done by the life insurance industry came in the form of a new reportco-authored ... Read more
5 million more households have life insurance than in 2010, but 30% of households remain uninsured
Nearly 5 million more U.S. households today have life insurance coverage compared to 2010, according to LIMRA’s 2016 Trends in Life Insurance Ownership study, released ... Read more
$1.6 billion: What life insurers pay out in claims every day
WASHINGTON – People purchase life insurance with the hope that their families will never need the policies’ death benefits. But, if a policyholder dies, the ... Read more
