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.
Recent Term Life Insurance News
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.
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.
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.
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.
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 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.
After 13 quarters of consecutive growth, whole life insurance new annualized premium fell 4% in the third quarter of 2017, driving total new annualized premium down 2% for the quarter according to LIMRA data released Dec. 4.
The two-year-old life insurance startup backed by MassMutual has launched an improved buying experience that prioritizes delivering real rates over quotes and features a friendlier application process with half the questions.
Brokers Alliance has partnered with Pacific Life to help producers reach the broad market with the highly efficient and profitable platform.
Ladder launches digital life insurance platform in California; Haven Life term product now available...
A couple of the online-only life insurance startups Insurance Forums featured back in November made news this week, with one company officially launching in...