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Don’t Send Remaining Term Life Insurance To The Scrapyard
user
April 17, 2019
The appraisal of remaining term insurance as potential life settlement opportunities is an emerging trend. Concurrently, many of the agents who could have life settlement opportunities are unaware of life settlement due to a lack of education from their upline.
U.S. Life Insurance Activity Stumbles In March, MIB Reports
user
April 12, 2019
U.S. life insurance application activity slowed down in March, largely because young people did not buy. Overall activity fell 4.9% year over year, according to the MIB Life Index. Part of the decline is attributable to March 2018 being such a good month, MIB explained.
NIPR Adds New Features To Its Mobile App For Producers
user
April 9, 2019
The National Insurance Producer Registry (NIPR) has launched new features to its popular mobile app.
Could You Sell A Life Insurance Policy To Al Bundy?
John Hilton
April 3, 2019
Al Bundy would not be a good life insurance prospect, but Jay Pritchett would be a warm one. The two iconic television characters played by actor Ed O’Neill represent the hot and cold of prospecting, said Vikram Kamath, director of the LIMRA Center of Excellence for Analytics.
Industry Groups Seek To ‘Speak With One Voice’
Susan Rupe
March 26, 2019
Six insurance industry professional associations and four life insurance carriers have joined forces to address issues that affect the industry. The leadership teams of the associations have been meeting regularly since 2016 to discuss “what we might be able to do in the spirit of better communication, collaboration and ultimately perhaps even consolidation,” said Warren May of Principal Financial.
Indexed Life Sales Shatter Records In 2018, Wink Reports
user
March 15, 2019
Indexed life sales for the fourth quarter were $617.4 million, up more than 16.8 percent compared with the third quarter, and up more than 7.2 percent compared to the fourth quarter 2018. Annual indexed life sales were over $2.1 billion.
U.S. Life Insurance Premium Up 1% In 2018, Policy Count Flat
user
March 14, 2019
The LIMRA study reported fourth-quarter new premium was flat, compared with fourth quarter 2017. Policy count was flat in the fourth quarter and for the year. This is the third consecutive quarter of flat policy count and the second consecutive year without policy growth.
African-Americans Look To Life Insurance For Wealth Transfer
Susan Rupe
March 7, 2019
African-Americans view life insurance as more than a means to pay for final expenses. They are increasingly looking to life insurance as a way to transfer wealth and leave a legacy, according to a New York Life study.
P/C Broker Gallagher Widens Retirement Practice Into IMO Space
John Hilton
February 18, 2019
Arthur J. Gallagher & Co. acquired Partners Advantage Insurance Services and AMZ Financial Insurance Services on Jan. 28. The move marked the first substantial entry by Gallagher into the independent marketing organization channel of insurance distribution.
Understanding The Benefits Of Whole Life Insurance
user
February 15, 2019
The average American will hold at least eight jobs during their lifetime and the term life insurance benefit provided will most likely also terminate when the decision to part ways is made. Because of this, it is important to separate the employment insurance from personal insurance.
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