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 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…
By RIchard Weber My July 2013 feature article for InsuranceNewsNet Magazine, “Illustrated Promises; Unmet Expectations,” addressed a problem in which insurance regulations that were approved in the mid-1990s were resulting in illustration outcomes that were unlikely to occur and likely to cause disappointment. Further, policy illustrations continued to be used to project future values, a purpose regulators and the…