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.
Recent Term Life Insurance News
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.
12 tips for generational outreach – and a new tool to identify life insurance...
AIG shares 12 tips to help financial professionals effectively reach out to prospective clients, and executive Kirsten Lees explains how the company created a new tool intended to quickly pinpoint life insurance solutions based on a few simple questions.
Boomers most likely to use an online source for life insurance info; Millennials more...
Younger generations often start out having more questions and feel working with a financial professional is the best way for them to learn and understand. The trend shows as buyers age, they feel more comfortable using other purchasing methods.
Insurtech Update: News from 5 startups looking to disrupt their markets
The latest developments at tech companies across the life & health and P&C spectrums – Lemonade, Haven Life, Ladder, Wellthie and Hippo – involve new funding, expansion plans, new offerings and more.
LIMRA forecasts positive growth in U.S. individual life market for the next four years
LIMRA forecasts U.S. individual life insurance sales to grow slowly but relatively steady over the next several years, with overall new annualized premium predicted to grow 2% in both 2018 and 2019.