Millennials may present substantial annuities market opportunity
Annuity issuers may now be looking for new ways to expand their books of business, and it could be wise to target the youngest generation of adults now, as the vast majority have no retirement savings opportunities available to them at the present time.
Industry-wide life insurance activity continues to drop
Consumers have been reducing their reliance on life insurance policies significantly in the time since the end of the recession, but even repeated economic improvements over the last few years seem not to have served as much of a motivator for many to get back on the horse.
States trying to increase life insurance options for older residents
These days, many older Americans may be having financial difficulties as a result of the recent economic downturn and might therefore experience difficulties with regard to simply meeting their monthly costs. As a consequence, a number of states across the country are now trying to make it easier for them to find solutions to these problems by leaning on their life insurance policies.
Will life insurers have to start charging higher premiums?
Life insurance companies have had a difficult time maintaining business in the past few years as a result of the economic downturn and many consumers turning away from these products because they viewed them as luxuries rather than necessities. Now, more trouble might be on the horizon, this time in the form of potentially massive regulatory changes.
Florida broadens annuity requirements to consumers of all ages
In the past, there were certain requirements that people over the age of 65 had to meet before they could qualify for annuities, but now, those mandates have been extended to consumers of all ages.
Annuity market undergoing many changes
Many companies are examining the ways in which they market and sell annuities these days because of decreasing consumer interest, in part due to low interest rates. It is for this reason that these companies may want to take a number of things into consideration when planning their next steps.
All types of life insurance saw increased premiums in first quarter
With confidence in the economy improving, the demand for certain types of life insurance has increased. With the economy steadily improving, but interest rates remaining relatively low, the demand for indexed and variable Universal (UL) products is increasing. This has led to an overall increase in premium growth in the first quarter of 2013.
Annuity sales tumble in first quarter
Even as the economy continues to improve, it may be slightly more difficult for companies which issue annuities to make their products attractive to workers of all ages.
Survey finds most Americans are concerned about retirement, but aren't prepared for it
In recent years, numerous studies have shown that Americans have significantly fallen behind with saving for their retirement. The financial fallout from the recent recession and the low interest rates that have prevailed have been contributing factors. Now, most realize the need to save; however, there is still a disconnect between recognizing this shortfall and acting upon that knowledge by re-starting a retirement savings program.
Washington considering potentially harmful retirement incentive cuts?
Many baby boomers with average incomes rely on a number of tax incentives from the federal government as a means of increasing their retirement savings funds and setting themselves up for a happy and health post-career life.