Life insurers may need to provide more flexibility to boost sales
The life insurance industry hasn’t had the easiest time in attracting new customers over the last several years, thanks to the economic downturn and the resultant problems it caused for many consumers’ personal bottom lines.
Life insurance regulators and insurers having to deal with more federal oversight
Insurance has traditionally been regulated by the States, but through Dodd-Frank, increased federal regulation of life insurance companies is inevitable.
Fed to raise interest rates this year, could boost life insurers
There may have been many reasons that life insurance companies have taken a bit of a hit in the last several years, both during and following the recession.
Life policies, other voluntary coverage expected to surge this year
In the past year or more, the life insurance industry has been able to recover – at least somewhat – from the blow it took during and following the recent recession, as more consumers have come back to carrying coverage after a few years of going without it.
Federally-mandated Death Master File overhaul moving forward
The Social Security Death Master File has been at the heart of a number of disputes within the life insurance industry over the last few years, and now that a law has been passed to overhaul the way in which this list is handled, it seems that there will finally be something done about these potential issues
Many parents still go without life insurance coverage
Across the country, many life insurance agencies have, in the past few years, seen a sizable uptick in the number of first-time clients they have coming aboard, in addition to previous policyholders who had to eschew coverage for a while as a result of financial difficulties.
Public will lose DMF access later this month
Life insurance companies generally rely on the Social Security Death Master File heavily, and on a daily basis, to conduct business, but now it seems that they might have more difficulty doing so in just a few weeks, as a result of a part of federal law of which most may not be aware.
Who needs life insurance the most?
When it comes to the life insurance market these days, it seems as though many people of all different demographics and backgrounds are buying in numbers not seen for several years.
Are life insurers positioned for a positive 2014?
The life insurance industry has gone through some significant ups and downs in the last several years as the effects of the recession took hold and prompted many Americans to shed their policies as a cost-cutting measure.
Government acknowledges major issues with Death Master File
The Social Security Death Master File has been a source of some consternation within the life insurance industry for some time now as a result of issues stemming from the ways in which it is updated.