Insurance Forums

Communicating the value of Individual Disability Insurance to clients

The global pandemic has shown how an unforeseen situation can affect one’s financial stability and wellbeing — swiftly. As advisors, you are uniquely positioned to help clients through times of uncertainty by offering solutions that can help prepa...

Posted: Oct 19, 2020

Life insurance customer satisfaction flatlines despite pandemic

Even as deaths associated with COVID-19 eclipse 200,000 in the United States, consumers don’t seem motivated to buy life insurance and life insurance customers are largely apathetic toward their insurer despite some standout performances. A...

Posted: Oct 14, 2020

Why face-to-face Medicare shopping is a bigger challenge during this year’s AEP

During the 2021 Medicare annual enrollment period, October 15-December 7, U.S. seniors will be asked to choose from over 3,000 Medicare Advantage plans, with the number of plans available ranging from none in certain rural counties to as many as 3...

Posted: Oct 13, 2020

More than 4 in 10 life policyholders don’t know they can sell their policy

While the majority of U.S. adults have some level of life insurance coverage, there are sizable knowledge gaps among consumers that may be preventing them from understanding the full potential of their policies. That was the impetus behind...

Posted: Oct 08, 2020

Cigna expands Medicare Advantage offerings to 23 states

Cigna Corporation recently announced its largest Medicare Advantage plan expansion to date with offerings now across 23 states. The Nashville-based global health service company said in a statement that during the 2021 Medicare Annual Elect...

Posted: Oct 05, 2020

More adults consider life insurance amid pandemic: Unum survey

The coronavirus pandemic gives millions of Americans—especially younger adults, those with children at home, and minorities—an opportunity to reconsider how they manage their finances. According to a new Unum survey,* 41% of adults said the...

Posted: Sep 28, 2020

NAIFA Virtual Performance + Purpose Conference set for Oct. 6-8

The National Association of Insurance and Financial Advisors’ 2020

Posted: Sep 23, 2020

Study: Life Insurance supplements Social Security by $1.5 trillion over 9 years

Between 2010 and 2018, the U.S. life insurance industry distributed nearly $1.5 trillion in claims and benefits to policyholders, an amount equal to 19% of all Social Security payments made over that same period, according to a

Posted: Sep 22, 2020

AALU, GAMA are now called ‘Finseca’

Finseca, a transformative trade organization, launched Sept. 16 as the “voice of the financial security profession,” standing for “Financial Security for All.” According to a statement announcing the new name and mission of the Washington,...

Posted: Sep 16, 2020

2021 MDRT Executive Committee aims to support and drive industry

On Sept. 1, the 2021 MDRT Executive Committee began their year-long positions guiding the financial services industry, MDRT members and thei...

Posted: Sep 15, 2020

Direct-to-consumer channel drives slight increase in Q2 policy sales

Total U.S. individual life insurance new policy sales increased 2% in the second quarter 2020 but new annualized premium fell 5%, compared with second quarter 2019 results. Year-to-date, total policy count was up 1% and new annualized life...

Posted: Sep 09, 2020

Over half of retirees think more needs to be invested Medicare

Fifty-six percent of older adults think more needs to be invested in Medicare in order to respond more quickly and effectively to a healthcare crisis like COVID-19, according to a

Posted: Sep 07, 2020

As Medicare Open Enrollment nears, seniors assess proposed program changes from Biden, Trump

As the October 15 Medicare open enrollment period approaches, the Centers for Medicare and Medicaid Services (CMS) have announced a number o...

Posted: Sep 03, 2020

Brooke is back: Life Insurance Awareness Month kicks off with Shields once again serving as spokespe...

This September, actress, model, designer, wife and mother Brooke Shields is back for a second year to instill the value of life insurance for U.S consumers during Life Insurance Awareness Month. LIAM sponsor Life Happens continued its partn...

Posted: Sep 01, 2020

Generating referrals: How to get introduced in a virtual world

Referrals are worthless unless you get introduced; unless your referral source works with you to create a good initial connection with your new prospect. I’m sure you’ve seen how effective in-person introductions can be. But most advisors d...

Posted: Aug 26, 2020

Gerber Life fined $1.1 million for AD&D claims violations

North Carolina Insurance Commissioner Mike Causey recently announced the North Carolina Department of Insurance has entered into a volunta...

Posted: Aug 24, 2020

Pandemic contributes to 24% drop in Q2 annuity sales

Total annuity sales were $48.6 billion in the second quarter, down 24% from second quarter 2019, according to final results from the Secure Retirement Institute (SRI) U.S. Individual Annuity Sales Survey. “The global pandemic presented uniq...

Posted: Aug 19, 2020

Startup specializing in immediate online term coverage in the age of COVID

As COVID-19 takes its toll, people are thinking about life insurance in a new light. Only about half of U.S. adults have this coverage, which provides cash payments to survivors. About a third of those have life insurance through their employers,...

Posted: Aug 17, 2020

Importance of Life Insurance covered in ‘In Depth’ with Laurence Fishburne

Distinguished actor Laurence Fishburne discussing the importance of life insurance? Sounds like something that would look pretty good showing on a monitor in the lobby of an insurance agency. The Academy Award nominee will no doubt bring a...

Posted: Aug 12, 2020

Record growth dominates virtually every category in July MIB Life Index

After sharp submission declines earlier in the year, U.S. life insurance application activity has come back vigorously, up 14.1% in July YOY, according to the latest edition of the

Posted: Aug 11, 2020

InsureTech Connect changes name to ITC Global, announces innovative digital event experience

Registration is now open for ITC Global, the world’s largest gathering on insurance innovation and digital transformation. Instead of the annual live event known as InsureTech Connect in Las Vegas as in years past, in this year of COVID-19,...

Posted: Aug 06, 2020

ArmadaCare Appoints David Miller as Chief Revenue Officer

Hunt Valley, MD—August 3, 2020—ArmadaCare (www.ArmadaCare.com),?utm_source=rss&utm_medium=rss a nationally recognized leader in the specialty supplemental health insurance market, announced it has appointed David Miller to Chief Revenue Officer (C...

Posted: Aug 06, 2020

Senior Market Sales acquired by Alliant Insurance Services

Senior Market Sales (SMS), one of the industry’s premier insurance marketing organizations, has entered into a strategic agreement to be acquired by

Posted: Aug 03, 2020