Some seniors struggling with universal life insurance costs
Universal life policy owners should pay particular attention to the progress of their universal life policy funding to meet their planning objectives without incurring excessive costs.
Federal life insurance policies face major rate hikes
Many Americans have life insurance simply because it is among the benefits offered to them by their employers.
States continue looking for unclaimed life insurance benefits
In recent years, state regulators of the life insurance industry have been more aggressive in seeking out and finding unclaimed benefits that should be extended to state residents. Insurers must likewise increase their vigilance in checking for unreported deaths.
Nebraska changes law to make life insurance access easier
For years, the focus for many in federal and state government agencies has been on trying to put more restraints on the life insurance industry.
Life insurance coverage gap still a major concern
Over the last few years, life insurers have been caught in a bit of a no man’s land between marketing to older clients on whom they have long relied to keep the industry strong, and also trying to appeal to younger Americans who may not yet consider this type of coverage to be vital to their ongoing financial success.
Life Insurance Industry already preparing outreach for Awareness Month
Life Insurance Awareness Month doesn’t happen until September every year, but at this point many in the field are already preparing for the full-court press they will put on to get the word out about the importance of coverage.
Urging consumers to review life insurance and annuities is important for life insurers and policyholders
While there has been a lot of talk in the last few years about the ways in which insurers could boost the number of people who are signed up for life insurance or annuities to prepare for the future, many Americans already have such policies and can increase their value to them by periodic reviews.
Consumer life insurance preferences vary by age
Over the last few years, a lot of commentary in the life insurance industry has been focused on the ways in which companies or agents can better connect with the youngest set of adults to buoy their bottom lines.
Why do young adults really avoid life insurance?
The life insurance industry has been worried for some time now about adoption rates for coverage among the youngest group of adults.Â
More young adults having kids means more need for life insurance
As millennials age into their early and mid 30s and begin to grow their families, they’re going to need life insurance to protect their loved ones should something ever happen to them.