Income annuity sales climbed to record high in fourth quarter
Though many income annuity issuers have seen only small upticks or even declines in business over the last several years, the ongoing economic recovery seems to be helping the industry considerably. In the final three months of last year, sales of these financial products reached an all-time high.
Life insurance activity took tumble in February
In recent months, many life insurance issuers have likely noticed that the amount of business they're doing has taken a bit of a tumble, and that trend unfortunately continued into the month of February.
Are richer Americans overlooking retirement needs?
Millions of Americans are struggling to accumulate retirement savings to where they need to be to adequately prepare for their post-career lives. What most people don't realize is that this struggle extends even to affluent workers. As such, it might be wise for annuity issuers to connect with more affluent consumers to help them increase their retirement security while simultaneously generating more business.
Life insurers push for federal protections
The sequestration saga has weighed heavily on millions of Americans as well as several industries and government agencies for some time now.
Life insurance industry likely to hold steady this year
While the life insurance and annuities industry has taken a bit of a hit since the start of the recession, there may be good news on the horizon for insurers.
What do young people think of life insurance?
While there may be many misconceptions out there about the ways in which the life insurance industry works, particularly among young people, it seems that many Americans under the age of 40 understand the value such policies can hold, meaning that it may be wise for insurers to do more to educate these prospective Millennial customers going forward.
Improving internal processes key to driving profits for insurers
In recent years, many insurance companies may have tried to maximize their profits in a number of ways – and this was particularly true of life insurance and annuity issuers who saw falling numbers of policyholders.
Many boomers might consider moving away from life insurance
These days, millions of older workers are still feeling the financial pinch as a result of the recent national recession, and as such, many are now reconsidering their budgets as a means of boosting their retirement savings.