by Carrie Haubensak | Nov 21, 2024 | Insurance Industry
The next wave of retirees is fast approaching, and they’re digital natives who likely won’t settle for their parents’ paper-based processes. As Generation X moves toward retirement, the life and annuities industry faces an urgent imperative: build... read more
by Carrie Haubensak | Nov 21, 2024 | Insurance Industry, Life Insurance
Total new annualized premium jumped 8% to $3.9 billion in the third quarter 2024, according to preliminary results from LIMRA’s retail individual life insurance sales survey. The number of policies sold rose 3% year over year in the third quarter. Year to date, new... read more
by Carrie Haubensak | Nov 21, 2024 | Insurance Industry, Medicare
There were several updates to the Medicare regulatory landscape this past quarter, and to help keep you informed, Telos Actuarial has summarized a few of the more significant ones here: NAIC Formal Inquiries for Guidance On September 25, 2024, the National Association... read more
by Carrie Haubensak | Nov 21, 2024 | Insurance Industry, Medicare, Medicare Supplement
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 3rd quarter 2024 Medicare Supplement sales of $10.0 million, 3% lower than sales in 2nd quarter 2024 and 15% higher than sales in 3rd quarter 2023. ... read more
by Carrie Haubensak | Nov 19, 2024 | Insurance Industry, Life Insurance
Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into a definitive agreement to acquire Innovative Underwriters, a brokerage general... read more
by Carrie Haubensak | Nov 14, 2024 | Insurance Industry, Medicare, Medicare Supplement
One of the most important leading indicators that Medicare Supplement carriers need to be tracking is their mix of business. It is a great predictor of the overall health of your block of business and can provide insight into where the future loss ratios will land.... read more
by Carrie Haubensak | Nov 14, 2024 | Insurance Industry, Life Insurance
Total new annualized premium jumped 8% to $3.9 billion in the third quarter 2024, according to preliminary results from LIMRA’s retail individual life insurance sales survey. The number of policies sold rose 3% year over year in the third quarter. Year to date, new... read more
by Carrie Haubensak | Nov 14, 2024 | Medicare, Medicare Advantage, Medicare Supplement
On November 8, 2024, the Centers for Medicare & Medicaid Services (CMS) released the 2025 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2025 Medicare Part D income-related monthly adjustment amounts. Medicare... read more
by Carrie Haubensak | Nov 13, 2024 | Insurance Industry, Life Insurance, Medicare
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with TGA Financials, an independent marketing organization based in The Woodlands, Texas, and... read more
by Carrie Haubensak | Nov 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 3rd quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,291,000, a decrease of 3,000 in the past quarter and 61,000 over the past 12 months. The 61,000 decrease in membership in the past 12 months is a 4.5% decrease relative to the... read more
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry, Medicare, Medicare Advantage
Medicare Advantage’s popularity is associated with lower total Medicare spending, a new report from Elevance Health finds. Medicare spending was $431 billion less from 2010 to 2020 than the Congressional Budget Office predicted, and the overestimations were due to... read more
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported. Total annuity sales increased 29% year over year to $114.6 billion in Q3, according to... read more
