The Illinois legislature is considered a bill requiring life insurers to review their records in order to confirm beneficiaries are getting the entirety of what is rightfully theirs.
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Category: Uncategorized
Life insurance activity finishes 2016 on encouraging note
In December, life insurance application volume for individual policies edged up approximately 0.5 percent, MIB Index reported. In so doing, 2016 closed out in the black.
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Consumers show some interest in wading into icy ‘robo-advice’ waters
Nearly three-quarters of Americans say they’d be open to getting suggestions regarding the best type of insurance to buy from a robot than an actual living, breathing professional, a new poll found.
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Life insurance purchases down fourth straight month
Individually underwritten life insurance policy buys fell a fourth consecutive month in November, this time diminishing 3.3 percent from the same period in 2015, MIB Life Index revealed from its latest data.
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Advisors aim for ‘holistic’ approach to retirement planning
According to a newly released report from the Insured Retirement Income, advisors are aiming to adopt a more “holistic” approach to retirement planning in 2017 by looking for alternatives to traditional financial strategies.
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Young insurance agents very happy to be in the industry
Among young, newly minted insurance agents, over 85 percent are encouraged about what the future of their career holds for them, according to Insurance Journal’s annual Young Agents Survey.
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Many Americans fear going broke in retirement
In a recent survey of financial planners that asked what their clients No. 1 concern was when it comes to retirement preparation, 41 percent said their chief source of anxiety was running out of money.
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Customization capability strongly desired by workers, poll reveals
Nearly three-quarters of Americans want insurance benefits that are more customized to their preferences, according to a recent survey conducted by LIMRA, a professional resource and research organization.
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Mandatory premium hike forewarning being weighed in New York
A new regulation is being considered that would require life insurers to provide advanced notice regarding when premiums will rise.
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Unaccounted for life insurance easily traceable with new web tool
The National Association of Insurance Commissioners recently released a brand new web tool that enables individuals to determine whether a deceased family member had a life insurance policy or annuity in effect while they were living
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