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November 9, 2026
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COVID-19 Individual Life Mortality To Be Examined In New Study
Staff Reports
May 26, 2020
Three industry organizations are partnering on a joint mortality experience study that will compare individual life mortality involving COVID-19 now and into the near future. LIMRA, the Society of Actuaries (SOA) and TAI are working on an inaugural report to release later this summer.
Carriers Cut Age Groups From Coverage
John Hilton
May 21, 2020
The over-60 age group had been the largest group of life insurance applicants, but carriers have had to restrict new coverage for older consumers because of COVID-19.
Life Insurance Activity Down 3% In April: MIB Reports
Press Release
May 21, 2020
U.S. life insurance application activity was down 3% year-over-year in April, according to the MIB Life Index — the second consecutive month of decline.
Life Insurance ‘Will Still Be A People Business’ Despite Greater Tech
Susan Rupe
May 20, 2020
The pandemic is forcing everyone to take stock of what needs to change and what needs to stay the same, said the CEO of the American Council of Life Insurers. As for the life insurance industry, the biggest change coming from COVID-19 will be a more sophisticated use of technology.
Agent Recruiting Continues During Pandemic, LIMRA Finds
Press Release
May 19, 2020
All of the companies surveyed by LIMRA recently are still recruiting agents. Despite the challenges with getting newer agents licensed, 65% of companies are not focusing on more experienced agents.
Life Insurers’ Impact From COVID-19 Could Be Minimal: Moody’s
Press Release
May 18, 2020
The potential claims impact of increased death benefits from the COVID-19 pandemic on life insurers will be relatively small, Moody’s Investors Service reports.
Rift Splits Over ACLI’s AG 49 Proposal
John Hilton
May 15, 2020
A wide rift opened Thursday among industry and consumer factions over changes to indexed universal life illustration rules, with anti-trust charges lobbed at the American Council of Life Insurers. Regulators hope to complete a new Actuarial Guideline 49 by their fall meeting.
Insurers Wrestling With Distribution, Profitability Concerns: Survey
Press Release
May 12, 2020
The COVID-19 pandemic has resulted in social-distancing practices and volatile market conditions that has many insurers concerned, according to a new survey. About 90% of the companies rated distribution/social distancing and pricing/new business profitability (89%) as a concern and 77% listed in-force profitability.
MetLife Offers Paid Leave To Qualified Workers Who Want To Fight COVID
Press Release
May 11, 2020
MetLife is offering paid voluntary leave to its licensed healthcare workers who join the fight against COVID-19, the company announced today.
Prudential Posts 21% Loss From Annuity Segment In 1Q
John Hilton
May 6, 2020
Prudential Financial reported adjusted operating income of $373 million from its individual annuities segment, a 21% decline from the first quarter 2019. The insurer is adjusting quickly to products that are less reliant on interest rates and the equity markets.
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