Insurers Seek Growth Through Accelerated Underwriting
According to a recent LIMRA study, 3 out of 4 life insurance companies in the U.S. and Canada have some type of automated and/or accelerated underwriting program. One in two companies has both.
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AI Will Improve Insurance From Quote To Claim
In a survey of more than 300 industry professionals, 62 percent are piloting AI and machine learning programs, while 75 percent believe AI and machine learning offer carriers a competitive advantage.
How Life Insurance Agents Impact Poverty
With a sustainable income, some financial reserve to fall back on, poor people can take advantage of things on sale instead of having to buy them when they have the money. Being poor isn’t a choice when life circumstances suddenly intervene. Here’s why life insurance cushions the blow.
Roses Are Red, Violets Are Blue, Life Insurance Is The Right Thing To Do
Valentine’s Day brings thoughts of roses and chocolate, but have your clients thought about giving peace of mind? LIMRA is joining Life Happens with its “Insure Your Love” campaign, which highlights the importance of protecting the ones you love through the purchase of life insurance.
LIMRA: Consumers’ Brand Awareness Of Life Insurers Remains Low
A new LIMRA study finds 1 in 4 adult Americans cannot name a single company that sells life insurance and a majority (56%) are unable to name three life insurance companies.
A Successful Fall Benefits Enrollment Season Starts Now
Creating an effective benefits communication and enrollment strategy isn’t something you toss together a few weeks before the annual enrollment begins. It takes knowledge of employee behavior as well as your clients’ company demographics and culture, plus time to map out key steps. That’s why it’s a good idea to start now to ensure your fall enrollments deliver optimal results.
Want A Bull Market? Root For This Team In Sunday’s Super Bowl
The Super Bowl Indicator suggests stocks rise for the full year when the Super Bowl winner has come from the original National Football League (now the NFC), but when an original American Football League (now the AFC) team has won, stocks have fallen.
Four SECURE Act Options To Protect Your Client’s Retirement Plan
One of most significant changes incorporated in the SECURE Act surrounds the transfer of legacy wealth through IRA trusts that benefit non-spouses who inherit IRA accounts. But it is far from the only change in this significant law.
Understanding The New Risk Ecosystem
For risk professionals, the impact of the digital revolution is twofold. First, they are tasked with using new and emerging technologies to assess and mitigate their organization’s risks and identify any related opportunities.
Workers Need Help Dealing With Life’s Financial Curveballs
Employers play a role in increasing their employees’ financial confidence, particularly when it comes to offering insurance products that can contribute to an employees’ bottom line, and ultimately help them feel prepared for whatever life brings them.
How Charity Gave My Practice A New Vision
After marrying into a family of doctors and founding a physician-focused financial practice, I had the opportunity to work day in and day out with dedicated, selfless caregivers. Witnessing their generosity, I was posed with a nagging question: Am I taking more than I am giving?
Don’t Be A Bear: How To Get Out Of Your Cave This Winter
Most people put lots of effort into organizing holidays. It’s been said people spend more time planning a two-week vacation than they do planning for their own retirement. It’s your job to help people like that. That’s why you need to stay healthy during the winter.
Unlocking The Value Of Closed Blocks Of Business
Closed blocks of business can be a thorn in the side of life insurers. Whether a result of discontinued products or included in a merger or acquisition, these policies remain active and must be serviced, but over the long haul, they may have become very unprofitable.
Digital Marketing: Use A Vendor Or Do The Work In-House?
Using social media to promote retirement income planning seminars and workshops has become the next big thing for insurance and financial professionals.
10 Reasons Financial Advisors Choose To Go Independent
Advisors want to have the freedom and flexibility to provide the best possible client experience as true fiduciaries and differentiate themselves in order to compete for more wallet share. With overall wealth increasing in the U.S., there will be continued demand for the services that independent advisors deliver.
Fraudsters Eyeing Life Insurance And Retirement Accounts
Until 2017, most financial criminal activity targeted banking institutions and credit cards. But the LIMRA Secure Retirement Institute reported in its analysis of a federal consumer survey that with more than $42 trillion in investible assets in the U.S., criminals have turned their attention to life insurance and retirement accounts.
How Will Digital Transformation Change The Insurance Industry?
Insurers are facing pressure to digitally re-engineer their own internal operations and embrace emerging technologies in order to attract new digital consumers.
The SECURE Act Increases The Buzz Around Annuities
The SECURE Act includes three significant provisions relating to lifetime income. These new provisions have the potential to both fundamentally reframe how participants view their accumulated 401(k) plan savings, and to generate an increasing level of participant interest in gaining “in-plan” access to lifetime income products.
How To Convert A DI Sales Objection Into A Sales Agreement
There are myriad objections to buying DI, but the No. 1 reason people don’t buy it is they were never asked to buy. Here are the common objections to buying disability insurance, and some methods for getting past those objections.
How Insurers Can Win Over Gen Z Consumers
Insurers must figure out how to appeal to Generation Z without alienating consumers of older generations. Members of Gen Z want to buy what they want, when they want and how they want. This group is totally online, mostly mobile.
