Life Insurance News
Estate planning and life insurance are not just for the ultra-wealthy.
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Life insurers know that technology is one of their biggest challenges to capitalizing on the enormous market appetite for life insurance and annuities.
The post Survey: Life insurers want to be better at meeting technology challenges appeared first on Insurance News | InsuranceNewsNet.
Nearly a third of Americans do not realize that they can save on taxes through life insurance, according to a new study.
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For the third consecutive year, total life insurance new annualized premium set a new sales record, rising 1% to $15.7 billion, according to LIMRA’s U.S. Life Insurance Sales Survey.
The post Life insurance premium growth sets another record in 2023, LIMRA finds appeared first on Insurance News | InsuranceNewsNet.
Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report.
The post Indexed life sales break records in fourth quarter, Wink reports appeared first on Insurance News | InsuranceNewsNet.
American Council of Life Insurers president & CEO Susan Neely announced today that she will retire from association leadership at the end of 2024.
The post ACLI’s Susan Neely retiring from association leadership appeared first on Insurance News | InsuranceNewsNet.
Western & Southern Financial Group’s 2023 financial results showcase several records and growth in strategic areas.
The post Western & Southern announces record 2023 financial results appeared first on Insurance News | InsuranceNewsNet.
Data scientists know that artificial intelligence and predictive modeling leads to some biased underwriting. But more studies are needed to determine the full impact.
The post Underwriters must guard against bias and discrimination, speaker says appeared first on Insurance News | InsuranceNewsNet.
Embattled entrepreneur Greg Lindberg is weighing options after a North Carolina Court of Appeals decision this week clears the way for his former insurance companies to be liquidated.
The post Greg Lindberg ponders appeal as policyholders await June funds release appeared first on Insurance News | InsuranceNewsNet.
With the advent of AI, insurance carriers are tapping novel data sources like social media, GPS records, and smart devices for underwriting.
The post AI, novel data sources move underwriting into the 21st century appeared first on Insurance News | InsuranceNewsNet.
You've put in the work, saved diligently and finally reached that golden age of life: retirement. Well, yes, but there are still some financial loose ends that need tying up. Surprisingly, life insurance might be one of them.
The post Layin' It on the Line: Life insurance in retirement — Wait, I still need that? appeared first on Insurance News | InsuranceNewsNet.
A North Carolina appeals court partially reversed a lower-court ruling today and affirmed liquidation proceedings against insurers once owned by embattled investor Greg Lindberg.
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There's a critical aspect of financial planning that often doesn't receive the attention it warrants until it's too late: the cost of dying.
The post Planning for end-of-life expenses amid soaring costs appeared first on Insurance News | InsuranceNewsNet.
The National Association of Insurance and Financial Advisors announced the formation of its Industry Leadership Board comprised of distinguished leaders within the insurance and financial services sector.
The post NAIFA names financial services leaders to new Industry Leadership Board appeared first on Insurance News | InsuranceNewsNet.
A significant trend is emerging: the increasing financial influence women are having in the market.
The post (What’s so funny ‘bout) embracing the future with women, wealth and understanding? appeared first on Insurance News | InsuranceNewsNet.
In recent years, robo-advisors and AI-powered algorithms have grown in popularity because they provide automated investment advice and portfolio management at a cheaper cost.
The post How AI and information tech are disrupting life insurance advisors appeared first on Insurance News | InsuranceNewsNet.
A new study finds more than 4 in 10 intermediaries — brokerage general agencies and independent marketing organizations — already have or plan to establish programs to recruit more women financial professionals into their network.
The post BGAs and IMOs plan to expand their efforts to recruit female financial professionals appeared first on Insurance News | InsuranceNewsNet.
Several life insurers cited mortality improvements in the fourth quarter for helping to improve life insurance earnings at the end of 2023.
The post Life insurers report improved mortality; actuaries say nothing’s changed appeared first on Insurance News | InsuranceNewsNet.
Wells Fargo tentatively settled another federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy.
The post Wells Fargo, Ameritas reach tentative settlement on STOLI lawsuit appeared first on Insurance News | InsuranceNewsNet.
Life insurance new premium rose to even higher in 2023, LIMRA reported today, setting a record for the third straight year.
The post LIMRA: Life insurance new premium set a 2023 record for third straight year appeared first on Insurance News | InsuranceNewsNet.
A panel of state insurance regulators is getting back to work on accelerated underwriting guidance for states to consider.
The post NAIC group to fire up dormant work on accelerated underwriting guidance appeared first on Insurance News | InsuranceNewsNet.
Questions about the taxation of life insurance settlements often arise during the tax preparation season.
The post Life settlements and taxes: Navigating the complexities appeared first on Insurance News | InsuranceNewsNet.
Support is growing among some state insurance regulators to tighten the rules for life insurers entering into reinsurance agreements.
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The insurance outlook for 2024 is generally positive despite being challenged by catastrophes, inflation and mortality rates.
The post Insurance outlook for 2024 is positive, despite uncertain environment appeared first on Insurance News | InsuranceNewsNet.
Nationwide recently announced a new variable universal life product that offers a flexible solution for long-term financial goals with guaranteed death benefit protection, plus cash value growth potential.
The post Nationwide offers new VUL product appeared first on Insurance News | InsuranceNewsNet.
The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.
The post Rates on the move as Fed vows to slash interest rates appeared first on Insurance News | InsuranceNewsNet.
Ensured Legacy Final Expense, a suite of life insurance products, is set to offer coverage customization options including a unique rider designed to make a lasting impact on the lives of members and their families across the country.
The post Royal Neighbors launches final expense product appeared first on Insurance News | InsuranceNewsNet.
According to a new MDRT study, 39.2% of U.S. workers say they will have employer-provided term life insurance in 2024, and 33% say they will have employer-provided long-term disability insurance.
The post New MDRT study sheds light on Americans’ employee benefits patchwork appeared first on Insurance News | InsuranceNewsNet.
Life insurers must take note of changing demographics by offering new solutions for new generations.
The post How insurers will serve personalized solutions across generations appeared first on Insurance News | InsuranceNewsNet.
A judge denied a motion Wednesday by Pacific Life to dismiss a lawsuit brought by a Washington couple dissatisfied with a PDX indexed universal life policy.
The post Judge denies PacLife motion to dismiss lawsuit over IUL illustration appeared first on Insurance News | InsuranceNewsNet.
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
The post Survey: 1 in 5 Americans who plan to pass down debt are uninsured appeared first on Insurance News | InsuranceNewsNet.
More than half (62%) of U.S. insurers say they are willing to take more investment risk in 2024 despite mounting concerns about election year politics, fiscal/monetary policy, persistent inflation and volatility, according to a survey sponsored by Conning.
The post Conning survey: US insurers to embrace more portfolio risk in 2024 appeared first on Insurance News | InsuranceNewsNet.
How consumers and advisors could be hurt if insurance distribution uses artificial intelligence to move to a direct-to-consumer model in the wake of the Department of Labor's proposed fiduciary rule.
The post The disadvantages of using AI in a direct-to-consumer model appeared first on Insurance News | InsuranceNewsNet.
Analysts anticipate life insurers, despite some minor red flags, will post strong fourth-quarter and full-year 2023 earnings in the coming weeks.
The post Life insurers should deliver solid Q4 and full 2023 earnings, analyst says appeared first on Insurance News | InsuranceNewsNet.
The pros and cons of how AI can reduce or even eliminate the need for licensed insurance agents, empowering distributions to embrace a direct-to-consumer approach and ushering in a new era of efficiency, cost-effectiveness and customer-centricity.
The post How AI could revolutionize direct-to-consumer insurance in the wake of DOL proposal appeared first on Insurance News | InsuranceNewsNet.
African American families own life insurance but not enough of that to create generational wealth. A group of panelists shared their thoughts on how to reverse this.
The post Helping African American families create generational wealth with life insurance appeared first on Insurance News | InsuranceNewsNet.
Semi-retirement is the latest trend among older Americans who aren't quite ready to leave the workforce for good.
The post Helping clients embrace semi-retirement appeared first on Insurance News | InsuranceNewsNet.
Fitch Ratings’ analysts came up with a largely “meh” prediction when it comes to its overall 2024 credit outlook for property/casualty insurance. However, the ratings agency showed some optimism in its 2024 credit outlook for personal auto and life insurance.
The post Fitch P/C credit outlook neutral, life insurance outlook improving for 2024 appeared first on Insurance News | InsuranceNewsNet.
Technology won’t replace the personal touch; it will improve and augment it.
The post The evolution of the life/annuity agent experience appeared first on Insurance News | InsuranceNewsNet.
Application activity for U.S. life insurance grew at a near 3% rate in 2023, showing the first uptick in almost four years.
The post Life insurance applications up 3% in 2023; first rise in nearly 4 years appeared first on Insurance News | InsuranceNewsNet.
Obra Capital, an asset management firm, today announced that it has completed the acquisition of Unified Life Insurance.
The post Obra Capital acquires Unified Life appeared first on Insurance News | InsuranceNewsNet.
A federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy will continue after a judge denied Wells Fargo's motion to apply New York law to the case.
The post Judge rejects Wells Fargo motion to toss STOLI lawsuit appeared first on Insurance News | InsuranceNewsNet.
State insurance regulators are not interested in another contentious illustrations redo, but consumer advocates say Americans deserve one.
The post Regulators lukewarm on illustrations rewrite in 2024 appeared first on Insurance News | InsuranceNewsNet.
The combination of a strong economy and positive regulatory landscape should push life sales up in 2024 and 2025, LIMRA reports.
The post Life sales review: a 2023 sales dip should reverse in 2024, LIMRA says appeared first on Insurance News | InsuranceNewsNet.
Two life insurance industry experts look ahead at what the industry can expect to see in 2024 – and beyond.
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NAIFA also moved into its new headquarters and elected officers and trustees for 2024.
The post NAIFA, FSP boards approve merger appeared first on Insurance News | InsuranceNewsNet.
Failing to distinguish the difference between probate and non-probate assets could lead to unintended and costly consequences not only for the person who owns the asset, but also for life insurers that serve as custodians of the assets.
The post How insurers can mitigate their exposure when it comes to beneficiary designations appeared first on Insurance News | InsuranceNewsNet.
Ebix, Inc. announced today that it has reached a "stalking horse" agreement to sell its North American life and annuity assets to Zinnia for $400 million, part of a bankruptcy reorganization plan.
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Here are critical steps and considerations for agencies and broker-dealers looking to develop a successful life insurance settlement business line.
The post Developing a successful life insurance settlement business line appeared first on Insurance News | InsuranceNewsNet.
Moody's Investor Service maintains a stable outlook for the US life insurance sector, driven by benefits of rising interest rates, which will offset slower economic growth as well as weakness in certain asset classes such as commercial real estate.
The post Moody’s: US life insurance outlook is stable for 2024 appeared first on Insurance News | InsuranceNewsNet.
Carrier & Product News
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