Nationwide recently announced a new variable universal life product that offers a flexible solution for long-term financial goals with guaranteed death benefit protection, plus cash value growth potential.
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Rates on the move as Fed vows to slash interest rates
The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.
Ensured Legacy Final Expense, a suite of life insurance products, is set to offer coverage customization options including a unique rider designed to make a lasting impact on the lives of members and their families across the country.
According to a new MDRT study, 39.2% of U.S. workers say they will have employer-provided term life insurance in 2024, and 33% say they will have employer-provided long-term disability insurance.
How insurers will serve personalized solutions across generations
Life insurers must take note of changing demographics by offering new solutions for new generations.
Judge denies PacLife motion to dismiss lawsuit over IUL illustration
A judge denied a motion Wednesday by Pacific Life to dismiss a lawsuit brought by a Washington couple dissatisfied with a PDX indexed universal life policy.
Survey: 1 in 5 Americans who plan to pass down debt are uninsured
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
More than half (62%) of U.S. insurers say they are willing to take more investment risk in 2024 despite mounting concerns about election year politics, fiscal/monetary policy, persistent inflation and volatility, according to a survey sponsored by Conning.
The disadvantages of using AI in a direct-to-consumer model
How consumers and advisors could be hurt if insurance distribution uses artificial intelligence to move to a direct-to-consumer model in the wake of the Department of Labor’s proposed fiduciary rule.
Life insurers should deliver solid Q4 and full 2023 earnings, analyst says
Analysts anticipate life insurers, despite some minor red flags, will post strong fourth-quarter and full-year 2023 earnings in the coming weeks.
How AI could revolutionize direct-to-consumer insurance in the wake of DOL proposal
The pros and cons of how AI can reduce or even eliminate the need for licensed insurance agents, empowering distributions to embrace a direct-to-consumer approach and ushering in a new era of efficiency, cost-effectiveness and customer-centricity.
Helping African American families create generational wealth with life insurance
African American families own life insurance but not enough of that to create generational wealth. A group of panelists shared their thoughts on how to reverse this.
Helping clients embrace semi-retirement
Semi-retirement is the latest trend among older Americans who aren’t quite ready to leave the workforce for good.
Fitch P/C credit outlook neutral, life insurance outlook improving for 2024
Fitch Ratings’ analysts came up with a largely “meh” prediction when it comes to its overall 2024 credit outlook for property/casualty insurance. However, the ratings agency showed some optimism in its 2024 credit outlook for personal auto and life insurance.
The evolution of the life/annuity agent experience
Technology won’t replace the personal touch; it will improve and augment it.
Life insurance applications up 3% in 2023; first rise in nearly 4 years
Application activity for U.S. life insurance grew at a near 3% rate in 2023, showing the first uptick in almost four years.
Obra Capital, an asset management firm, today announced that it has completed the acquisition of Unified Life Insurance.
Judge rejects Wells Fargo motion to toss STOLI lawsuit
A federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy will continue after a judge denied Wells Fargo’s motion to apply New York law to the case.
Regulators lukewarm on illustrations rewrite in 2024
State insurance regulators are not interested in another contentious illustrations redo, but consumer advocates say Americans deserve one.
Life sales review: a 2023 sales dip should reverse in 2024, LIMRA says
The combination of a strong economy and positive regulatory landscape should push life sales up in 2024 and 2025, LIMRA reports.