Primerica reports 13% growth in term life net premiums in 3Q, 5% increase in...
Term life carrier’s latest earnings report shows “top-line growth” in each of its businesses, highlighted by “tremendous sales growth achieved” in its Investment and Savings Products segment.
Recent Term Life Insurance News
SelectQuote’s Tom Grant, Lincoln Financial earn top awards at LIDMA annual meeting
The Life Insurance Direct Marketing Association (LIDMA) has announced the winners of its Vision Award, Innovation Award and two Seals of Approval following the successful conclusion of its recent 2018 Fall Meeting & Business Showcase in New Orleans.
Allstate launches consumer-driven life insurance product with monthly payout
Now available as an alternative to traditional lump sum payment policies, “Monthly Income Term” billed as a highly customizable option for families.
John Hancock doubles down on Vitality health and wellness platform
In an effort “to incentivize longer, healthier lives,” Boston-based insurer expands program to all new policies sold, and will add the benefits in over time to existing policies.
Haven Life acquires online insurance broker Quilt
MassMutual-owned Haven Life Insurance Agency, LLC and Quilt, Inc. will work together to bring “innovative annuity products” to the marketplace. As a result of the deal, Quilt will no longer sell or manage renters or term life insurance.
Direct mail triggers more consumers to recognize they need life insurance
Yet more people end up buying a policy working with a financial professional, according to new study examining the four stages of the life purchase process.
Unique baby gift: Contribute toward life insurance for new parents
Prudential and Babylist introduce the first life insurance policy new parents can add to registry; Prudential sites it as an example of how carrier is engaging customers in new and unexpected ways.
SoFi swaps out Protective for Ladder to offer term life to Millennials
New partnership between Silicon Valley-based tech startups intends to give consumers more flexibility when it comes to life insurance, as well as a better understanding of how it fits into larger financial puzzle.
A-list celebs among investors in life insurance startup Ethos
Insurtech startup with some famous backers latest that aims to revolutionize the insurance purchasing experience via predictive analytics to issue policies in minutes without a medical exam.
Individual life premiums fall 2% in 1Q 2018 thanks to poor fixed UL sales
This marks the third consecutive quarter of declines in new annualized life insurance premium as a 19% drop in fixed universal life sales during the first three months of this year drag down sales totals.
Simplified Underwriting is one way life insurers can reach the 19 million ‘stuck shoppers’
Many companies have already implemented or plan to implement simplified (accelerated or automated) underwriting processes that could help free all those “stuck shoppers” who started looking for coverage but never completed the process.