Insurance Forums

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

Pandemic, low interest rates combine to cripple Q2 annuity sales

The economic fallout from the coronavirus pandemic gets most of the blame for a staggering decline in annuity sales during the second quarter of 2020. Total annuity sales were $48.8 billion in the second quarter, down 24% from the same peri...

Posted: Jul 27, 2020

Clover Health to triple Medicare Advantage geographic footprint on heels of significant membership g...

Clover Health, a venture capital-backed startup that sells Medicare Advantage plans to seniors, announced this week plans to triple its geographic footprint. The expansion, pending CMS approval, increases Clover’s coverage to 108 counties in eight...

Posted: Jul 22, 2020

Mutual of Omaha to retire corporate logo

Mutual of Omaha recently announced several new initiatives to address issues of racial equity and social justice, including the removal of Native American imagery from its corporate logo and additional funding for initiatives and charities address...

Posted: Jul 21, 2020

Lemonade launches health insurance coverage… for pets

Walmart recently announced it is getting into the health insurance business, and now unconventional homeowners and renters insurer Lemonade is getting into the health insurance business too – or health insurance for pets, actually. Lemonade...

Posted: Jul 15, 2020

Supplemental Health, DI and LTC Conference Goes Virtual

In this year of the “virtual conference,” here’s one that will explore a cross-functional view of the supplemental health, disability and long-term care insurance markets. LIMRA announced July 13 that the 2020 Supplemental Health, DI and LT...

Posted: Jul 13, 2020

Walmart forms insurance agency to sell Medicare insurance direct

Walmart is forming an insurance agency in Texas that will sell Medicare insurance, and is holding a “virtual hiring event” on July 9 to find “several Medicare Insurance Agents” to work for its new company, Walmart Insurance Services LLC, according...

Posted: Jul 08, 2020

United Life enters Critical Illness market with exclusive plan through AACII

This year, over 3.4 million Americans will be diagnosed with cancer, have a heart attack or suffer a stroke. Most of these individuals will survive only to face financial consequences resulting from uncovered health care costs or loss of income wh...

Posted: Jul 05, 2020

DOL’s new investment advice proposal intends to replace vacated fiduciary rule

The U.S. Department of Labor (DOL) recently issued a

Posted: Jul 02, 2020

Only 22% of Gen Z prepared to be life insurance beneficiaries or know about claims

America’s Generation Z—which has grown up as digital natives and is more likely to be engaged in social activism—is less engaged when it comes to life insurance. According to a

Posted: Jun 28, 2020