Life Insurance

  • New York Life Declares Largest Dividend In Company History
    New York Life Declares Largest Dividend In Company History

    Declaring a dividend for the 168th consecutive year underscores New York Life’s commitment to financial strength, mutuality, and delivering ongoing value to policy owners

    New York Life, America’s largest and most admired mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.
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  • Low Interest Rate Environment & Pandemic Pressure U.S. Fraternals
    Low Interest Rate Environment & Pandemic Pressure U.S. Fraternals

    Net premiums written for the 73 U.S. life fraternal companies decreased by approximately 6% year over year in 2020 to $9.3 billion

    U.S. fraternal insurance companies posted a positive year in 2020 despite COVID-19 challenges and low interest rates, as well as difficulties in reaching current and prospective members, according to a new AM Best report.
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  • Bridging The Collateral Divide
    Bridging The Collateral Divide

    Measuring the true extent of fragmentation in the collateral marketplace

    The global collateral marketplace remains highly fragmented, making it challenging for market participants to easily deliver securities to locations where they can be efficiently posted as collateral, according to a new white paper published today by BNY Mellon and Euroclear.
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  • Insurance Companies Adjust To Conversions In Their Industry
    Insurance Companies Adjust To Conversions In Their Industry

    New S&P Global Market Intelligence insurance industry outlook projects the status quo won't suffice in post-pandemic landscape

    Insurance companies will need to accelerate the evolution of everything from distribution and pricing to customer and investor relations, according to the newly released 2022 Insurance Industry Outlook Report from S&P Global Market Intelligence.
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  • October 2021 U.S. Life Insurance Activity Flat YOY Compared To 2020
    October 2021 U.S. Life Insurance Activity Flat YOY Compared To 2020

    Growth remains strong YTD

    U.S. life insurance application activity was flat in October 2021 compared to October 2020 with Year-over-Year (YOY) activity at -1.5%. While YOY comparisons are impacted by fluctuations in 2020 activity due to COVID, when comparing October 2021 results to 2019, activity continues to be relatively flat at +1.0%. On a Year-to-Date (YTD) basis, the industry…
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  • Satisfaction With Group Life Insurance Languishes As Carriers Miss Mark On Policyholder Education
    Satisfaction With Group Life Insurance Languishes As Carriers Miss Mark On Policyholder Education

    Lincoln Financial Group and New York Life rank highest in a tie

    A combination of limited direct engagement with insureds and a failure to offer the variety of products and services those policyholders seek have resulted in relatively low customer satisfaction scores for the group life insurance industry.
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  • An Agents Guide to Preventing Life Settlement Gray Sheeting
    An Agents Guide to Preventing Life Settlement Gray Sheeting

    Why are we systematically underpaying for life insurance policies?

    by Wm. Scott Page

    In recent weeks, I published two articles that talked about a troubling trend in the life insurance settlement industry, known as gray sheeting.
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  • What Are Today’s Top Compliance Challenges For U.S. Insurers?
    What Are Today’s Top Compliance Challenges For U.S. Insurers?

    Annual review of Top 10 market conduct issues provides vital checklist for insurers

    The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues.
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  • Incorporating Diversity
    Incorporating Diversity

    Significant, meaningful and impactful change often can be found in the most unexpected places

    by P.E. Kelley

    For Will Porter, MassMutual’s® Head of Procurement, the routine task of buying goods and services to support the company’s goals that could drive greater impact has blossomed into something much different over the last year.
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  • Variable Annuities Propel Total Annuity Sales To Double-Digit Growth In Third Quarter 2021
    Variable Annuities Propel Total Annuity Sales To Double-Digit Growth In Third Quarter 2021

    Traditional VA sales were $21.5 billion in the third quarter, a 22% increase from third quarter 2020. Year to date, traditional VA sales totaled $65 billion, up 17% from prior year

    Total preliminary U.S. annuity sales were $62.2 billion in the third quarter, up 12% from third quarter 2020. Year-to-date, annuity sales increased 19% to $191.4 billion, representing the highest sales in the first nine months since 2008, according to preliminary results from the Secure Retirement Institute® (SRI®) U.S. Individual Annuity Sales Survey.
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  • Pandemic Drives Shift In Priorities
    Pandemic Drives Shift In Priorities

    Technology cited as top challenge facing the global life insurance industry

    As COVID-19 prompted life insurance companies to accelerate their digital adoption to ensure continuity of business and serve their customers, it exposed the challenges of life insurers’ legacy systems, siloed operations and the continued need to modernize. As a result, life insurance executives cited technology as both the top challenge facing their companies and the…
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  • American Workers Are Finding The Expansion Of Health Benefits Increasingly Vital
    American Workers Are Finding The Expansion Of Health Benefits Increasingly Vital

    Life insurance is the top new health benefit added to health coverage plans

    With open enrollment season upon us, new data shows U.S. employees now believe the expansion of health care coverage, telemedicine and supplemental insurance is more important today because of the pandemic.
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  • Pandemic & Tax Code Change Spur Interest In Life Insurance
    Pandemic & Tax Code Change Spur Interest In Life Insurance

    State Farm ranks highest in individual life insurance satisfaction

    The adage that “life insurance is sold, not bought” may have met its match in the one-two punch of the COVID-19 pandemic and a federal tax code change that makes it possible for policyholders to build more cash value in their plans.
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