by Carrie Haubensak | Sep 7, 2023 | Insurance Industry, Life Insurance, news
The concept of life insurance sells itself and always has. Few Americans argue against the idea of setting aside a few dollars for protection against the financial consequences of an untimely death. Converting that popular concept into a life insurance sale is where...
by Carrie Haubensak | Aug 24, 2023 | Insurance Industry, Life Insurance, news
Consumers in the U.S. showed a preference for a combination of benefits growth potential and benefits guarantees when they bought individual life insurance policies in the second quarter. The number of indexed universal policies sold was 22% higher in the latest...
by Carrie Haubensak | Aug 10, 2023 | Insurance Industry, Life Insurance
Life insurance premium reversed three straight quarters of declining growth, LIMRA reported, with $4.04 billion in new premium in the second quarter, a 2% increase. Even better, preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and...
by Carrie Haubensak | Jul 21, 2023 | Life Insurance, news
Generation Z represents one of the largest demographics in the U.S. – more than 68 million. This makes them a huge target market for the life insurance industry. However, given that only 37% of Gen Z adults are predicted to have life insurance by 2025, it’s clear that...
by Carrie Haubensak | Jun 8, 2023 | Insurance Industry, Life Insurance
Life insurance sales suffered greatly from several disruptions in the first quarter, posting sales losses across the board, Wink, Inc. reported today. Traditionally, life insurance sales struggle in the first quarter because of the ramped-up sales efforts to close...
by Carrie Haubensak | Mar 23, 2023 | Insurance Industry, Life Insurance, news
Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the Internal Revenue Service tax code criteria that cash value life insurance policies must meet to retain...
