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November 9, 2026
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New Trade Group Finseca Aiming To ‘Unify The Industry’
John Hilton
September 16, 2020
A lengthy process to merge the Association for Advanced Life Underwriting and GAMA International came closer to completion this week when the new trade association revealed its name: Finseca. The new group starts with “just under 6,000 members,” CEO Marc Cadin says, with plans to grow.
COVID-19 Speeds Up The Modernizing Of The Life Insurance Industry
user
September 15, 2020
The COVID-19 pandemic has put a spotlight on the significant role life insurance plays in the cycle of life, as well as the importance of modernizing the sales model to withstand dramatic disruptions to the ways the industry typically operates.
Survey Reveals Confusion About How Much Life Insurance Costs
Staff Reports
September 14, 2020
When asked why they don’t have life insurance, almost four in 10 (38%) said it would be too expensive. However, the survey suggests most people probably overestimate the cost. For example, a 20-year, $250,000 term policy would cost roughly $200/year for a healthy 30-year-old male and $185 for a healthy 30-year-old female.
LL Global Hires Executive To Lead Its National Accounts Team
Staff Reports
September 14, 2020
LL Global, Inc., the parent organization for LIMRA and LOMA, today announced it has hired John Carroll to lead its National Accounts team.
Life Insurance Applications Up 9.1% In August: MIB Index
Staff Reports
September 9, 2020
Life insurance application activity jumped shot up 9.1% in August in a year-over-year comparison by MIB Life Index.
Life Insurance Sales Increase 2% In 2Q As Agents Adapt To COVID
Staff Reports
September 9, 2020
COVID-19 definitely affected life insurance sales this quarter, a LIMRA executive says. Despite the decline in new premium, nearly half of companies reported growth in policy sales, citing increased consumer interest due to the pandemic and their ability to sell products without meeting face-to-face.
10 Tips For New Agent Success
user
September 8, 2020
It’s vital to start your career off the right way to avoid the pitfalls that eliminate many insurance agents from the industry. Here’s a list of Top 10 tips to combat the high rate of new agent drop-out rates. Following these recommendations may make the difference between failure and success.
Need For Life Insurance Heightened By The Global Pandemic
Press Release
September 1, 2020
LIMRA research shows 46% of Americans are uninsured and many more do not have enough coverage.
Life/Annuity Industry’s 2020 Net Income Falls 66%, A.M. Best Finds
Staff Reports
September 1, 2020
The life/annuity industry’s net income fell by 66% in the first half of 2020, compared with the year-ago period, A.M. Best reported today, driven by a major reinsurance agreement inked between Jackson National and Athene. The deal had the effect of moving approximately $27 billion of premium out of the U.S. statutory industry population.
2Q Life Insurance Sales Decline ‘More Severe’ Than Expected: Wink
Staff Reports
September 1, 2020
The ongoing pandemic combined with new principles-based reserving rules to keep life insurance sales down for the second quarter, Wink Inc. reports. The future is brighter for some products, whole life, in particular, said Wink CEO Sheryl Moore.
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