A coalition of insurance industry and healthcare leaders have formed a non-profit organization to help global insurers screen, test, and triage members to combat the baffling rise in excess mortality.

Prosecutors allege that Wasserman led a $6.3 million financial fraud. The three most serious charges — wire fraud, mail fraud and conspiracy to commit wire and mail fraud — all carry maximum sentences of 20 years.

Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.

The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.

Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the IRS tax code criteria that cash value life insurance policies must meet to retain tax-advantaged status.

Consumers love indexed universal life, a love affair that remained strong in the fourth quarter 2022, according to Wink’s Sales & Market Report.