Nationwide is introducing Life Essentials, a new term life product that uses fully digitalized automated underwriting to provide an applicant with an instant quote and detailed decision in minutes.
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How life insurance companies can leverage chatbots
Chatbots promise big changes in the coming years to both customer support and the underwriting process.
Verve is the first Black-owned, Black-controlled and Black-led U.S. taxpayer life insurance company in operation since the cessation of North Carolina Mutual in 2018.
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses, the COVID-19 pandemic is still fresh in people’s minds, uncertainty and volatility are on the rise. It comes as no surprise that there is a greater need for financial protection and a higher insurance demand.
How to generate leads, develop prospects in the insurance industry
InsuranceNewsNet talked to numerous insurance agents and finacial advisors to find out what strategies had worked for generating leads.
Appeals court: principal policy without initial payment not in force
A Missouri appeals court yesterday affirmed a lower court ruling denying life insurance death benefits to the widow of a dentist who died before paying his initial premium.
Life insurance policy appraisals: debunking the three biggest misconceptions
Here are the three biggest misconceptions about life insurance policy appraisals and why they’re wrong.
Nationwide is introducing a new long-term care solution that gives couples the flexibility to use a pool of benefits either entirely by one person or shared between them both.
The LGBTQ+ market: A rainbow of opportunity
This growing market segment is a land of opportunity for financial and insurance professionals.
After lagging, life insurance sales on the increase
After an extended period of lagging life insurance policy sales, the industry may be forging a comeback, at least according to several accountings.
The publicly traded U.S. life insurers Moody’s Investors Service rates reported a slight aggregate decrease in operating profitability sequentially, as they position themselves for significant uncertainty in the markets for the remainder of the year.
Global Atlantic to stop selling new fixed indexed universal life policies
Global Atlantic is getting out of the fixed IUL business. The company will instead focus on its hot-selling annuity lines, an executive told employees.
Life insurance sales down ‘across the board,’ Wink reports
Life insurance sales suffered greatly from several disruptions in the first quarter, posting sales losses across the board, Wink, Inc. reported today.
New Orleans-based Pan-American Life Insurance group said it has acquired the life insurance arm of Encova Mutual Insurance Group of Columbus, Ohio.
Tennessee regulators search for Southland policyholders after liquidation
Tennessee officials are searching for policyholders as regulators and courts continue to unwind the tangled finances of troubled insurance magnate Greg Lindberg.
Gains in human longevity have tapered off over the last decade but the next wave of improvements is on its way.
Nationwide adjusters make 6 demands to rectify overwork concerns
A group of Nationwide employees sent an overnight email to everyone in the company airing complaints that “expectations have become overwhelming and impractical” for claims adjusters and making six demands for change.
Using the Oura Ring and related Oura App, participants can gain a strong understanding of the hours they sleep each night and the number of minutes they spend each day engaged in mindfulness.
Diverse investors require a tailored approach
A more diverse population requires financial professionals to take a different approach in meeting their needs.
How life insurers can leverage digital field underwriting
Digital field underwriting must happen at a faster pace if the life insurance industry is to survive a time of declining market penetration and falling sales.
