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 Whole Life Insurance News
U.S. Life Insurance and Annuity Benefits Reach Record Highs
New ACLI Life Insurers Fact Book reveals nearly $200 billion paid out to families and retirees (in 2021).
Finseca Announces Full Main Stage Lineup for 2023 Advanced Markets Event in Washington, D.C.
Former Speaker of the House Paul Ryan and a pair of top experts will keynote March event.
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.
Industry’s first indexed whole life product debuts today from Ohio National
Innovative, exclusive new product combines guaranteed protection with significant growth potential, and is now available in all states but New York and California.
Life insurer earnings decline in 2021 despite highest new premium growth in over three...
AM Best’s Special Report shows individual life market reporting a pretax loss of nearly $8 billion
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.
Whole Life lone bright spot in down Q3 for life insurance sales
Sales of whole life insurance were up 12.9% in the third quarter of 2020, making it the only category that shined amid an otherwise dismal quarter for life insurance sales, according to the latest Wink’s Sales and Market Report.