Insurance Forums
Posted: Jul 29, 2020
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, 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 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
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
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 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
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
The U.S. Department of Labor (DOL) recently issued a
Posted: Jul 02, 2020
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
The Secure Retirement Institute (SRI) is forecasting U.S. annuity sales will struggle in 2020, but are expected to rebound in 2021. The COVID-19 pandemic triggered ultra-low interest rates, extreme market volatility and record-high unemploy...
Posted: Jun 23, 2020
Integrity Marketing Group, LLC, the nation’s largest independent distributor of life and health insurance products, recently announced it has completed the acquisition of McNerney Management Group (MMG). As part of the acquisition, MMG’s fo...
Posted: Jun 22, 2020
For the last decade, Life Happens and LIMRA have come together to understand the “financial pulse” of consumers as part of the annual Insurance Barometer Study. This year’s study reviews 10 years of consumer data on life insurance and related fina...
Posted: Jun 17, 2020
A woman turning 65 in Chicago could pay $91.78 monthly for Medicare Supplement insurance. But if she lived in Manhattan, she could pay as much as $476.04 monthly. That’s according to the 2020 Medicare Supplement Insurance Price Index, relea...
Posted: Jun 15, 2020
After two consecutive months of decline during the pandemic quarantine, U.S. life insurance application activity jumped 5.2% YOY in May in what appears to be a V-shaped recovery, according to the latest
Posted: Jun 10, 2020
Want some cancer insurance with that Big Gulp? Soon people will be able to buy life insurance at Seven-Eleven… in Japan. Talk about convenience! According to a report in the
Posted: Jun 08, 2020
Over the past decade, U.S. life insurance ownership has fallen 9 percentage points to 54%, according to the 2020 Insurance Barometer Study, released this week. Researchers attribute the drop in ownership to a broad decline in employer-paid...
Posted: Jun 03, 2020
The leaders of several high-profile associations and organizations representing the U.S. life insurance community banded together to release a statement June 1 on behalf of the industry denouncing racial injustice in light of the protests stemming...
Posted: Jun 01, 2020
Total individual universal life insurance sales decreased 31% between 2017 and late 2019 , while indexed universal life (IUL) sales increased 16% during the same time period, according to a new study by Milliman. The global consulting and a...
Posted: May 27, 2020
Total first quarter sales for all deferred annuities amounted to $52.7 billion, a decline of 1.1% when compared to the previous quarter and a decline of 4.0% when compared to the same period last year, according to the latest edition of Wink’s...
Posted: May 25, 2020
Americans’ appetite for retirement investment risk has been declining since the COVID-19 pandemic started messing with the markets, which could be good news for annuity products, according to a new study. One in four Americans say they have...
Posted: May 20, 2020
The COVID-19 pandemic, its associated market volatility and new regulations to combat the fallout have all served as reminders that trust is the foundation of any advisor-client relationship. A recent Harris Poll study conducted on behalf o...
Posted: May 19, 2020
This year the coronavirus pandemic has taken center stage, but that doesn’t mean May isn’t still Dis...
Posted: May 13, 2020
The Iowa Insurance Division filed an adopted regulation to require annuity agents to act in the best interest of their customers on May 11. Iowa’s annuity standards follow efforts by the National Association of Insurance Commissioners (NAIC) to de...
Posted: May 11, 2020
Between 25 and 43 million Americans could lose their employer-based health insurance if the unemployment rate hits 20% in the coming months, according to a
Posted: May 06, 2020