The largest event convening the life & annuity industry — the producers, carriers, wholesalers, capital, and platforms shaping the future of income and financial security. Three days. One ecosystem.
Field underwriting gathers all the pertinent information that may affect underwriting offers at the initial meetings between financial professionals and clients.
Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.
While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.
Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.
Prospects and clients come to the process with a set of prejudices and objections quite often fed by consumer media. Insurance professionals can use the LAER method to work through those preconceptions.
There are a record number of unfilled jobs in the industry, with one survey recently showing a 10-year low in layoffs and a 10-year high in the number of people quitting.
North Dakota Gov. Doug Burgum signed legislation Thursday making the plains state the 47th member of the Interstate Insurance Product Regulation Compact.