LIFE INSURANCE NEWS


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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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.

Americans say emotional intelligence is ‘most trustworthy’ quality in an advisor

Recent study from MDRT finds displays of emotional intelligence from advisors more likely to earn Americans’ trust than digital literacy.

Millennials poised to spur major growth in Critical Illness market?

Jesse Slome says Millennials ready to take the torch from Boomers, which could be a boon for CI at the expense of life insurance.

What to look for (and stay away from) in carrier options when selling Final...

Insurance Forums member David Duford shares four key tips for anyone making the transition from face-to-face final expense sales to telesales.

Preston Rutledge retiring as Assistant Secretary of Labor

As head of the Employee Benefits Security Administration, Rutledge was responsible for defined contribution plan regulation, reporting, oversight and enforcement, and also oversaw self-insured health plans, and the DOL fiduciary rule.

IRI offers 5-point plan to help retirement savers recover from COVID-19

Insured Retirement Institute proposes plan to assist retirement savers who have lost jobs, access to participate in a workplace retirement plan and experienced losses in their retirement account values due the COVID-19 virus pandemic.

Jury still out on whether COVID-19 will boost or damage life insurance market

Hearing some mixed messages about the COVID-19 pandemic’s impact on life insurance? You’re not alone.

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