Life insurer earnings decline in 2021 despite highest new premium growth in over three decades
AM Best’s Special Report shows individual life market reporting a pretax loss of nearly $8 billion
Whole Life
Past year’s U.S. life insurance sales growth highest since 1983
Propelled by 26% fourth quarter premium growth, total life insurance new annualized premium grew 20% in 2021 according to just-released LIMRA data.
Life insurance activity declines in February, but grows compared to 2020 and 2019
Growth for ages 71+ and declines for all other age bands according to the latest MIB Life Index.
Lack of knowledge, confidence deter women from purchasing life insurance
Over the past five years, the life insurance ownership rate for U.S. women has dropped 10 points to 47% according to LIMRA.
Whole Life lone bright spot in down Q3 for life insurance sales
Sales of whole life insurance were up 12.9% in the third quarter of 2020, making it the only category that shined amid an otherwise dismal quarter for life insurance sales, according to the latest Wink’s Sales and Market Report.
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.
What to look for (and stay away from) in carrier options when selling Final Expense over the phone
Insurance Forums member David Duford shares four key tips for anyone making the transition from face-to-face final expense sales to telesales.
Most life insurance beneficiaries not ready to collect, NAIC finds
Millennials and Gen Z least prepared, putting millions of dollars worth of benefits at risk of going unclaimed, insurance commissioners find in new survey.
The American College announces 2019 winner of its top honor
Fred Jonske will receive the 2019 Solomon S. Huebner Gold Medal on Friday night for his leadership in the financial services industry and dedication to furthering the mission of The American College.
Individual life sales flat in second quarter, first half of 2019
YTD policy count down 4%, but indexed universal life continues to shine according to latest LIMRA sales figures.
