Despite mixed results in the third quarter, new annualized premium for workplace life insurance, disability insurance and supplemental health products remain ahead of 2022’s pace through the first nine months of 2023, according to LIMRA’s workplace benefits sales surveys.
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IUL sales have fifth quarter of double-digit growth as individual life premium rises 4% in 3Q
A strong economy and falling inflation sparked demand for life insurance in mid-2023, and that showed up in LIMRA’s third-quarter individual life premium surveys and estimates.
Q3 individual life insurance premium tops $3.7B, up 5%
With a majority of carriers reporting higher results in the third quarter, total individual life insurance new annualized premium increased 5% to $3.7 billion year-over-year, according to the preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates.
The Centers for Medicare & Medicaid Services announced that average premiums, benefits, and plan choices for Medicare Advantage and the Medicare Part D prescription drug program will remain stable in 2024.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for April. The actions are…
While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.
Charlotte Sheppard of Richfield, Idaho was convicted of two felony counts of insurance fraud, for stealing clients’ insurance premium to…
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for March. The actions are…
AmeriLife Group, a national leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions, today…
Guardian and EVERFI team up on ‘Minding Your Money’ financial wellness courses
Guardian Life and EVERFI from Blackbaud announce the April 6 launch of “Minding Your Money: Skills for Life,” a first-of-its-kind financial wellness curriculum that addresses the intersections of personal finances, relationships, and health and that helps young people learn lasting financial habits before they enter adulthood.
Account balances for consistent 401(k) plan participants rose from year-end 2016 through year-end 2020, according to a new study from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) titled “What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2016–2020.”
Transamerica today unveiled predictions from workplace benefit professionals on a wide range of employee benefits issues looking toward 2026. Transamerica…
Chubb Limited today announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.
The four largest personal lines property and casualty insurers lowered their advertising spend in 2022, in part to offset the rising costs associated with elevated claims, S&P Global Market Intelligence reported.
Modern Life’s technology and brokerage platform will provide access to life insurance products from Symetra.
MetLife’s 21st annual U.S. Employee Benefit Trends Study reveals ‘care’ is a key driver of life and job satisfaction – and not prioritizing it is causing major issues in the workplace
Nationwide and Fidelity Investments are launching a new product for those seeking stability in volatile markets while providing Nationwide access to Fidelity’s network of financial professionals, available through the Fidelity Insurance Network.
The 2023 campaign, “It’s gotta be a CFP®,” will feature national broadcast and cable network television ads and includes a mix of advertising in various media channels, including streaming TV, streaming audio and digital venues.
A Texas public insurance adjuster accused of stealing more than $268,000 in insurance claims from multiple victims has been indicted…
It is DBRS Morningstar’s view that the two significant bank failures to date, Silicon Valley Bank (SVB) and Signature Bank remain idiosyncratic and not representative of the overall U.S. banking sector.
