Life Insurance

  • Helping Women Protect Their Families With Life Insurance
    Helping Women Protect Their Families With Life Insurance

    44% of women believe they need (or need more) life insurance, which represents 54 million women

    Women make up a significant market opportunity for the life insurance industry. According to the 2023 Insurance Barometer Study, 44% of women believe they need (or need more) life insurance, which represents 54 million women. In general, women are less likely than men to own life insurance.
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  • Navigating Through Uncertainty: A New Playbook For Insurers
    Navigating Through Uncertainty: A New Playbook For Insurers

    How are global insurers adapting to the new market regime?

    Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12th annual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA) that favors flexibility, allowing them to take advantage of opportunities in public and private markets, and invest in the transition to a low-carbon economy.
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  • Whole Life Emerges As No. 1 Product For Military Families
    Whole Life Emerges As No. 1 Product For Military Families

    Military families own whole life at a higher rate than the general population. 33% of middle-class civilian families report they own some form of permanent coverage

    As demand for permanent life insurance coverage continues to grow, whole life has emerged as the No. 1 choice of career military families.
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  • Six-Month 2023 US Life/Annuity Financial Results
    Six-Month 2023 US Life/Annuity Financial Results

    First-half 2023 net income in U.S. Life/Annuity Insurance Industry declines by more than 39%

    Net income for U.S. life/annuity (L/A) insurance industry decreased by 39.5% in the first half of 2023, dropping to $13.2 billion from $21.9 billion in the same prior-year period, according to a new AM Best report.
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  • Continued Shifts In US Life/Annuity Insurers’ Mortgage Loan Portfolios
    Continued Shifts In US Life/Annuity Insurers’ Mortgage Loan Portfolios

    Problem loans have grown markedly since 2019 but remain minimal as a percentage of capital and surplus

    U.S. life/annuity (L/A) insurers increased their holdings in mortgage loans by 8% in 2022, reaching $691.2 billion, according to a new AM Best report.
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  • September Is Life Insurance Awareness Month
    September Is Life Insurance Awareness Month

    Life insurance is often overlooked, despite it being a fundamental component of a sound financial strategy

    September is Life Insurance Awareness Month and the perfect time for you to think about your financial security plan. Whether you're looking to cover your final expenses, pay off debts, provide for your family, or leave a legacy to your loved ones – life insurance can help fulfill each of these goals.
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  • Dreams Of A Long Life May Be Leading To Failure To Protect Family, Loved Ones
    Dreams Of A Long Life May Be Leading To Failure To Protect Family, Loved Ones

    More than half of U.S. adults do not have life insurance

    Nearly half of respondents (48%) in a new USAA Life Insurance Company survey said if they could go back 10 years and give themselves advice about life insurance, they would tell their younger self that life insurance is the responsible thing to do for their family. But hindsight is 20/20 as more than half (51%)…
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  • Life/Annuity Reinsurers Remain Prepared For Growth
    Life/Annuity Reinsurers Remain Prepared For Growth

    The industry remains well capitalized and is dominated by the large global players, but faces incremental competition from shifting business models

    Excess mortality has negatively affected the profitability of global life reinsurers, although the impact of elevated life claims on most is likely to remain a manageable earnings drag, according to a new AM Best report.
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  • U.S. Life Insurance Activity At +1.8% Growth YOY In August 2023
    U.S. Life Insurance Activity At +1.8% Growth YOY In August 2023

    Growth focused on ages 0-50

    U.S. life insurance application activity was up +1.8% Year-over-Year (YOY) in August 2023 compared to August 2022 and on a Year-to-Date (YTD) basis was up +3.4%. When taking a historical lookback and comparing August 2023 to the same month in prior years, activity was down -3.2% YOY compared to 2021, up +2.1% compared to 2020,…
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  • Three Misconceptions May Deter Americans From Getting The Life Insurance They Need
    Three Misconceptions May Deter Americans From Getting The Life Insurance They Need

    52% of U.S. adults report having life insurance, down from 63% in 2011

    Despite consumers’ broad consensus that having life insurance coverage is important, ownership has been declining over the past decade. Today, just over half of U.S. adults (52%) report having life insurance, down from 63% in 2011.
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  • Education Is Key To Life Insurance Awareness Month
    Education Is Key To Life Insurance Awareness Month

    Life insurance ownership among younger Americans increased between 2022 and 2023

    If someone depends on you financially, you should consider purchasing a life insurance policy, according to the Insurance Information Institute.
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  • U.S. Pension Risk Transfer Sales Jump 31% In Second Quarter 2023
    U.S. Pension Risk Transfer Sales Jump 31% In Second Quarter 2023

    At $22.5 billion, PRT sales were a record high for the first half of 2023

    WINDSOR, Conn., Aug. 23, 2023 —Total U.S. pension risk transfer (PRT) sales were $16.2 billion in the second quarter, a 31% increase from the prior year. This marks the highest second quarter sales results ever recorded, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.
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  • New Study Examines Fixed Indexed Annuity Contract Owner Behavior
    New Study Examines Fixed Indexed Annuity Contract Owner Behavior

    Society of Actuaries Research Institute and LIMRA Release Latest Experience Studies Pro Report

    A new study finds that in 2019 and 2020 owners of a fixed indexed annuity (FIA) with a guaranteed lifetime withdrawal benefit (GLWB) were less likely to surrender their contracts than those without a GLWB.
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