Interest in careers as life insurance agents soars in 2020
Pandemic-induced layoffs in other industries lead to big jump in candidates for field sales positions in “stable” life market, LIMRA reports.
Recent Life Insurance News
Insurtech News: Bestow partners with Lemonade; Oscar readies IPO
Here’s a quick rundown on a couple of notable developments from some high-profile insurtech disruptors.
Virtual industry events offer strong content lineup in February
While live, in-person conferences may still be a few months away, that doesn’t mean there aren’t some great educational events on tap this February for life insurance professionals with NAILBA and LIMRA offering up top-notch headliners.
Industry associations unite to address U.S. life insurance coverage gap
Seven U.S. life insurance trade associations are pooling their resources to support the efforts of life insurers and financial security professionals as they help Americans get life insurance coverage during a time of great financial insecurity.
Allstate sells life insurance unit to Blackstone in $2.8 billion deal
Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. in the latest deal between financial firms and life insurance businesses.
The 2020 Insurance Service Award for best telephone service experience goes to…
DALBAR recognizes Guardian Life and Pacific Life as best-in-class providers of policyholder service.
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.
Perceived need for life insurance is waning: J.D. Power
New customer satisfaction study finds complicated application processes and unclear value propositions create holes in purchase experience
MDRT launches separate, digital association: ‘MDRT Academy’
Created to help financial pros increase production to MDRT qualification levels, new association’s resources are 100% digital
AIG Pursuing Separation of Life & Retirement Business
Board of New York-based multiline insurer announces intention, believing simplified corporate structure can unlock value for shareholders.
COVID-19 drives consumers to seek hybrid life buying experience
LIMRA and BCG study shows customers value both the convenience of technology and the reassurance of working with a financial professional