8 in 10 of consumers still overestimate cost of term life; Millennials by 213%
ARLINGTON, Va., and WINDSOR, Conn. — Cost is the reason most Americans give for not owning life insurance, according to the 2015 Insurance Barometer Study, ... Read more
Life Insurance
Building a Life Insurance Portfolio
Most advisors are familiar with the concept of investment diversification, but how well does the average advisor understand the need for diversifying life insurance coverage? ... Read more
Individual life premium grew 2% in 2014 while policy count fell 2%, according to LIMRA data
WINDSOR, Conn., March 16, 2015 — Individual life insurance new annualized premium grew 11% in the fourth quarter 2014, resulting in a 2% increase for ... Read more
Aligning products with consumer needs behind recent Prudential Founders Plus, Advantage UL enhancements
With Americans underinsured by $15.3 trillion, according to a 2012 LIMRA report, aligning life insurance with varying needs and circumstances helps more people obtain the ... Read more
Royal Neighbors pioneers first-ever insurance product designed with women in mind
Royal Neighbors of America, one of the nation’s largest women-led life insurers, announced March 4 it has launched its new, groundbreaking Promise Plus coverage. It ... Read more
NAIFA, Financial Planning Coalition quick to respond to Obama comments on tougher standards for brokers
In a speech to AARP on Monday in Washington, President Obama called for tougher standards on brokers who manage retirement savings accounts as the Labor ... Read more
Seniors forfeit $112 billion in benefits annually due to lapsed or surrendered life policies, LISA research says
NEW YORK CITY – Americans who are aged 65 or older leave approximately $112 billion in benefits on the table each year by lapsing or ... Read more
Advisors still missing mark when aiming at women
If demographics, statistics and anecdotal evidence are to be believed, there remains a big opportunity for insurance and financial advisors to flourish by successfully focusing ... Read more
Life Happens seeks applications for $225,000 in 2015 Life Lessons Scholarships
Life Happens, the nonprofit organization dedicated to educating Americans about the importance of life insurance, is now accepting applications for its annual Life Lessons Scholarship ... Read more
Ineffective communication hampers life insurance sales, new study shows
Life insurance companies may be limiting their sales potential by using words and images that do not resonate with consumers and often confuse them, according ... Read more
