Life Insurance Purchased on Perceived Value, Not Cost: J.D. Power
Unique brand position, complete understanding of policy become key drivers of customer satisfaction.
Recent Universal Life Insurance News
Lincoln Financial Group, Modern Life partner to accelerate digital transformation in life insurance
Partnership leverages Lincoln’s leadership in product and distribution with Modern Life’s technology and digital brokerage expertise
New life insurance premium rose 11% in first half of 2022
LIMRA report finds new annualized premium increased 6% in the second quarter, marking the sixth consecutive quarter of growth.
Past year’s U.S. life insurance sales growth highest since 1983
Propelled by 26% fourth quarter premium growth, total life insurance new annualized premium grew 20% in 2021 according to just-released LIMRA data.
Life insurance activity declines in February, but grows compared to 2020 and 2019
Growth for ages 71+ and declines for all other age bands according to the latest MIB Life Index.
Lack of knowledge, confidence deter women from purchasing life insurance
Over the past five years, the life insurance ownership rate for U.S. women has dropped 10 points to 47% according to LIMRA.
Big shift from universal life to IUL underway, Milliman finds
Total individual universal life insurance sales decreased 31% between 2017 and late 2019 , while indexed universal life (IUL) sales increased 16% during the same time period, according to a new study by Milliman.
Indexed Universal Life propels modest overall third-quarter life sales
Total U.S. individual life insurance new annualized premium increased 2% in the third quarter, compared with prior year results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
Kelly and Kelly to Keynote NAILBA 38
The National Association of Independent Life Brokerage Agencies, (NAILBA), announced Hall of Fame NFL Quarterback Jim Kelly and former U.S. Secretary of Homeland Security and White House Chief of Staff General John Kelly will headline NAILBA 38 in Dallas later this year.
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.
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.