Study sheds light on a changing retirement landscape
As the youngest baby boomers begin to reach the age of 65, new research sheds light on the changing retirement landscape.
This report compiled by InsuranceNewsNet staff.
Staff Reports
Video: The ‘excess mortality’ phenomenon: What does the future hold?
During the pandemic, mortality rates rose. When the pandemic wound down, mortality rates didn’t return to pre-pandemic levels. Why? We discussed this with a group of experts studying this “excess mortality.”
Annuity sales up 21% in the first quarter, LIMRA reports
Annuity sellers had another very strong quarter in Q1, with $113.5 billion in sales, 21% higher than the first quarter 2023.
The Oregon Division of Financial Regulation fined State Farm $200,000 for failing to send notices over the past six years…
Life insurance premium growth sets another record in 2023, LIMRA finds
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.
Indexed life sales break records in fourth quarter, Wink reports
Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report.
LIMRA: Life insurance new premium set a 2023 record for third straight year
Life insurance new premium rose to even higher in 2023, LIMRA reported today, setting a record for the third straight year.
Life insurance sales take a dive in the third quarter, Wink reports
Life insurance sales were down across major product categories in the third quarter, Wink, Inc. reported in its quarterly Sales and Market Report.
RILAs fuel strong third-quarter annuity sales, LIMRA reports
For the second consecutive quarter, registered indexed-linked annuity products set a new record with $12.6 billion in sales.
Structured annuity sales soar higher in strong Q3 market, Wink reports
Total third quarter sales for all deferred annuities were $78.6. billion, Wink, Inc. reported, up 8.5% when compared to the same period last year.
ProPublica investigation examines insurance claim appeals
ProPublica investigates the difficulties in appealing insurance claims, which have produced a difficult process.
Indexed life sales up 28%, drives strong Q2 for life insurance, Wink says
Second-quarter indexed life sales hit $812.6 million, up 27.8% from Q1 and up 18.5% compared to the same period last year.
Annuity sales up 27% through six months, LIMRA reports
Strong sales of fixed-indexed and income annuities helped overall annuity sales hit $181.1 billion in the first half of 2023, far surpassing the old record.
SEC fines fintech advisor $1M for misleading marketing under new rules
The Securities and Exchange Commission last week fined Titan Global Capital Management, a New York-based fintech advisor, for misleading marketing under a newly amended rule.
Indexed annuity products set record of $25.1B in Q2, Wink finds
Indexed annuity sales soared during the second quarter, according to the Wink Sales & Market Report, setting an all-time quarterly record.
Whole life, term, drive life premium and policy growth in Q2, LIMRA finds
Preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates show increases in premium and policies sold in Q2.
Indexed annuity products power sales surge through Q2, set records
In the first half of 2023, total annuity sales jumped 28% to $182.7 billion. This marks the highest sales ever recorded in the first six months of a year.
Q1 annuity sales the highest on record, LIMRA says
Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year.
Indexed universal life drives strong 2022 sales, Wink reports
Consumers love indexed universal life, a love affair that remained strong in the fourth quarter 2022, according to Wink’s Sales & Market Report.
Total U.S. single premium buy-out sales were $48.3 billion in 2022, up 42% from 2021 results, according to LIMRA’s U.S….
