TIAA to stop selling life insurance by end of 2019
Move seen as bad news for RIAs, but company memo says the firm’s much bigger annuity business will be unaffected by the strategic decision.
Recent Term Life Insurance News
Individual life sales rise slightly in Q1 despite fewer policies sold
Latest LIMRA data finds fixed UL sales dropped 15%; indexed UL new annualized premium grew 9% in the first quarter.
New personalized digital life platform sets up families with policies matched to their financial...
New tool predicts an applicant’s chances of getting approved, using a matching algorithm that optimizes need, health and financial fit to set them up with the right policy.
Ladder Life survey about Americans’ non-essential spending strikes a chord
The online term life insurer got plenty of attention for a recent poll it conducted about wasteful spending and how could instead be directed toward life insurance.
Penn Mutual, Haven Life earn Model Insurer awards for innovative technologies
Celent recognizes 20 winners with 2019 Model Insurer Awards for best practices of technology usage in different areas critical to success in insurance.
‘Selfies’ that predict life expectancy buoyed by new partnership
Life insurers can implement facial analytics without overhauling legacy systems thanks to a new Sureify/Lapetus deal that paves the way to high-touch customer engagement.
Under-60 crowd not pulling their weight with life insurance applications
Activity stumbles in March, MIB Reports, although over-60 apps are up.
Simplified underwriting gaining momentum among consumers
Almost half of Americans say they are more likely to buy life insurance using simplified underwriting, drawn to the speed and ease that it offers.
4 ways for agents to better engage with clients
Extensive online study from True Blue Life Insurance suggests strategies to improve consumer interest, trust, and loyalty.
Seniors help life application activity slip back into positive territory
Latest MIB Life Index shows Under 45 applications improve but stay negative while over 60 apps jump 18%.
Life Happens, LIMRA encouraging consumers to “Insure Your Love’ throughout February
With Valentine’s Day upon us, Life Happens is once again spending the month of February reminding consumers to protect loved ones with life insurance – and they’re getting some extra help from LIMRA.