LIFE INSURANCE NEWS


Life insurance ownership falls 9% in past decade

2020 Insurance Barometer Study from Life Happens and LIMRA reveals a significant decline in life insurance ownership over the past 10 years.

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Big shift from universal life to IUL underway, Milliman finds

Total individual universal life insurance sales decreased 31% between 2017 and late 2019 , while indexed universal life (IUL) sales increased 16% during the same time period, according to a new study by Milliman.

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.

Moody’s downgrades U.S. life insurance outlook to ‘negative’

Low interest rates, weakening credit, coronavirus pandemic economic disruption drive outlook change.

New Yorkers affected by COVID-19 may defer paying life insurance premiums for 90 days

Hardest-hit state also sets special health insurance enrollment period April 1-15 through New York State’s Health Plan Marketplace.

Congress finalizes $2 trillion coronavirus relief bill including retirement plan aid

Legislation allows limited, early withdrawals from retirement accounts, deferred RMD in 2020.

Back on top: Familiar company claims title as 2019’s top annuity seller

Registered index-linked annuities (RILAs) drive overall growth in variable annuity market, the Secure Retirement Institute notes in its annuity rankings report.

How COVID-19 is, or is not, impacting the life insurance business and the ability...

Byron Udell of AccuQuote weighs in on how carriers are reacting to the coronavirus pandemic.

Sandwich Generation is completely overwhelmed, worried they may never retire

Even before coronavirus, new Haven Life survey finds vast majority of those caring for kids and elderly parents say they feel constantly overwhelmed.

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