Written by Graham Ray Last Updated: Sep 11, 2024 The MarketWatch Guides team compares and contrasts indexed universal life insurance (IUL) and 401(k)s. Indexed universal life insurance (IUL) is a life insurance product that offers the opportunity for investment growth, while a 401(k) prioritizes long-term savings with employer-matching features. Both types of plans offer tax advantages, though the…
By John Hilton Last Updated: Sep 1, 2024 Indexed universal life is a lot of things, depending on who you are talking to. To many consumers, IUL is a multipurpose product that helps them accomplish a lot of different financial goals. For some lawyers, it is a seemingly endless source of business as lawsuits proliferate. Consumer advocates…
By John Hilton National Life Group is one of the oldest mutual insurance companies in the United States, but CEO Mehran Assadi likes to call the insurer, “a progressive mutual.” “Basically, it’s all about performing and being focused like a stock company with a long-term perspective of a mutual insurance company,” Assadi said during an investor…
By Ron Mastrogiovanni For the 5% of those over age 60 without a chronic health condition, actuarial data show the odds of living to 95 are only 1 in 5. For the 30% of retirees with diabetes, the odds of reaching this age are less than 1%. Given the likelihood of reaching this milestone, we need…
Updated Feb 9, 2024 · 4 min read Written by Georgia Rose Fact Checked Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions…
Which segment represents the largest market share? Life & Health By Kenneth Araullo Feb 22, 2024 In 2023, the total new annualized premium for US life insurance saw a modest increase of 1% from the previous year, reaching a record $15.6 billion, according to preliminary findings from the Life Insurance Marketing and Research Association’s (LIMRA) US…
By Press Release WINDSOR, Conn. Dec. 12, 2023 – A strong economy and falling inflation sparked demand for life insurance in mid-2023, and that showed up in LIMRA’s third-quarter individual life premium surveys and estimates. Total individual life insurance new annualized premium increased 4% to $3.7 billion year-over-year, according to LIMRA’s U.S. Retail Individual Life Insurance Sales…
By John Hilton State insurance regulators are tired are trying to keep up with life insurers that quickly skirt attempts to tamp down illustrations. Instead of further rulemaking, regulators are going directly to the products. The Indexed Universal Life Illustration Subgroup is “looking at specific company examples” of both IUL and annuities that use illustrations, said…
By Joshua Stanfield Do you remember when you were 25 years old? For some of us, it’s a more recent memory than others, but we can all identify with the 25-year-olds who are finally finding their financial footing. Their student loan debt may be decreasing, their salary growing and they may be wondering what’s next. With…
By Staff Reports Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report. Non-variable universal life sales for the fourth quarter totaled $894.5 million, up more than 15.5% compared to the previous quarter and up 4.1% compared to the same period last year. Non-variable universal life (UL) sales…