Take a closer look at Premium Financed Life Insurance
This powerful policy-funding strategy for HNW clients is currently underutilized – which means there’s a big opportunity for advisors to step in and help.
Universal Life
Boomers most likely to use an online source for life insurance info; Millennials more likely to work with financial pros
Younger generations often start out having more questions and feel working with a financial professional is the best way for them to learn and understand. The trend shows as buyers age, they feel more comfortable using other purchasing methods.
LIMRA forecasts positive growth in U.S. individual life market for the next four years
LIMRA forecasts U.S. individual life insurance sales to grow slowly but relatively steady over the next several years, with overall new annualized premium predicted to grow 2% in both 2018 and 2019.
Life premiums fall 2% in 3Q as whole life sales drop for first time in 14 quarters
After 13 quarters of consecutive growth, whole life insurance new annualized premium fell 4% in the third quarter of 2017, driving total new annualized premium down 2% for the quarter according to LIMRA data released Dec. 4.
2017 CSO kicks 3Q indexed life sales down a notch
Total third quarter non-variable universal life sales were over $1,012 million, according to the 81st edition of Wink’s Sales & Market Report, released on Nov. 16. Pacific Life was the top selling carrier in the quarter and had the top-selling product.
Lincoln Benefit Life being acquired; may resume life and annuity sales
A North Carolina company has entered into an agreement to buy LBL in a deal expected to lead to Lincoln Benefit Life back into selling life insurance and annuity products.
Coverage for life provided you don’t live past 100
A recent court case puts the spotlight on an issue of UL policies terminating at age 100.
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
Agent Turned Novelist Writes on Fraud, Murder, and Intrigue in Insurance
Erik Brown started his career in the early 1960s collecting premiums on policies with the Metropolitan Life in Salem Massachusetts. In less than a year ... Read more
Part II: Two top Universal Life producers, two unique market perspectives
I recently had a wide-ranging discussion with a couple of leading universal life producers, who shed some light on how UL can provide tailored solutions ... Read more
