With a 4% growth rate for 2020 through the third quarter, life insurance application activity has “returned to pre-pandemic normal levels,” according to the MIB Life Index. The third quarter experienced the largest quarter-over-quarter gain since 2011 at 9.2%, MIB said, driven primarily by 12.8% growth in 0-44 age group and 9.2% growth in 45-59 age group.
Citing COVID-19 impacts, insurers have pleaded with regulators to reduce the 1% nonforfeiture rate. The 10-year Treasury rate fell well below 1% amid the virus outbreak in March and has not recovered, making it very hard for insurers to make good on product guarantees.
WASHINGTON – October 7, 2020 – As many as 7.7 million workers lost jobs with Employer-Sponsored Insurance (ESI) because of…
Speculation has been increasing that the November election results may be delayed or disputed, or both. A contested election might affect financial markets in several ways. Also, the news that President Donald Trump has tested positive for COVID-19 may potentially impact markets as well.
Ways to gain your prospects’ attention, keep them engaged and provide them with solutions as we continue to meet with people in the virtual world.
Manasquan, NJ – At the NCOIL “Summer” Meeting in Alexandria, VA on September 26, the organization adopted the NCOIL Short…
COVID-19 fueled a surge in early retirements. Here’s what your client needs to consider if they are planning to leave the workforce sooner than they planned.
The National Association of Insurance and Financial Advisors’ New York State chapter board made an unprecedented move to secede from NAIFA and affiliate with a newly created industry association, Finseca.
MassMutual would own American Equity but retain its managers and employees in the deal. Athene is backing the deal with $3 billion at its disposal, with another $3 billion available, according to the specifics of the offer.
Life insurers have two objectives: to convince customers of the need for life insurance in the first place, and to convince consumers that their company’s offering is worth the cost and effort involved in securing coverage.
Regulations, taxes and health insurance are all on the line in this election.
Curtis Cloke says advisors must have a wide mastery of skills and a full box of tools to serve clients today.
Take a break from screen time and stay hydrated.
As companies consider how working from home will continue post-pandemic, there are areas in which technology can fill the gaps — and others in which it cannot.
In the wake of George Floyd’s death and widespread protest, industry groups are looking at how to increase diversity in advisors and clients.
As more people survive cancer, heart attacks and stroke, they find the price of survival is high. Critical illness insurance can help pay the bills.
Nearly 80% of Black Americans said having life insurance is a goal for them, a 2019 New York Life study found, versus 63% of all adults. But the Black community faces many barriers to life insurance ownership.
As my neighbor yelled at me on our front stoop, he stopped for a moment while he clearly had a…
How to enrich your own life with positive expectation.
