Number of uninsured women grows for sixth year, study finds
For the sixth consecutive year, the percentage of uninsured women has increased, according to the 2022 Insurance Barometer Study by LIMRA and Life Happens.
Communities of color at risk from climate-related health hazards
Climate change is bringing a host of health risks, including extreme heat, poor air quality, increased risk of vector-borne disease, and more frequent and more devastating weather events such as hurricanes and floods. But not all populations are affected equally by the climate-related health risks.
Would life insurance be available for a $1.9B Powerball winner?
Many lottery winners purchase life insurance to cover any estate tax bill should the winner suddenly pass away. But will life insurance that large even be available to a solo winner of the $1.5 billion Powerball jackpot?
Genworth LTC rate increases helping insurer gain strength
Court settlements and rate actions are helping Genworth massage losses with its block of troubled long-tern care policies, executives said Wednesday.
Lincoln Financial talks up rebuilding plan amid $2.6B loss
Lincoln reassessed its lapse calculations and found reserves far short of what is needed for its block of guaranteed universal life insurance.
Despite slammed quarter, Prudential sees brighter future with annuities
Prudential Financial was slammed by $1.46 billion in losses, but had a steep increase in fixed annuity sales and an expectation for a bounce in its FlexGuard variable annuities as Americans deaccumulate retirement savings.
AIG touts strong annuity sales, warns of CAT market problems ahead
American International Group used nimble management to post solid third-quarter earnings despite disruptions that included Hurricane Ian and the ongoing separation of its life and retirement business.
Riders to the rescue? LTC needs can be met if agents know the facts, expert says
Some chronic illness riders have monthly charges like LTC riders with predictable benefits. Others do not. It’s up to producers to know what they are selling, one expert told NAIFA members.
Fed continues assault on inflation with another .75 point rate hike
As expected, the Federal Reserve on Wednesday continued its assault on inflation by jacking up interest rates another three quarters of a point and signaled yet again it’s not done firing the weapons it has.
Americans expect to need $1.25M for a comfortable retirement, study finds
Given inflation spikes and volatile markets, Americans surveyed expect they’ll need $1.25 million for a comfortable retirement – a 20% increase over last year’s expectations, according to recent study.
Planning for LTC: The 4 words that drive the conversation
Although people find it easy to talk about the experiences of a friend or family member who is going through a long-term care event, they are reluctant to have a conversation about their own need for care.
Aflac reports earnings hit, but Wall Street takes it in stride
Battered by a weak yen, higher interest rates, and post-pandemic conditions worldwide, Aflac Monday reported somewhat weaker than expected financial results, depending on whose consensus you consult, but Wall Street seemed to take it in stride.
OK to buy life insurance with intent to resell it, Georgia court rules
Georgia’s Supreme Court rules that if a third party is not involved in the purchase of life insurance, it does not violate the insured interest rule.
Long-term care crisis ‘sneaking up on most Americans’
The rising costs of long-term care affect caregivers as well as care recipients.
