Retirement Savings Gap and Life Insurance Strategies
The low interest rate years were challenging for people trying to save for retirement. Low rates made savings products and life insurance less appealing
Life Insurance product
Life insurance is a financial product designed to provide financial protection to beneficiaries in the event of the policyholder’s death. It serves as a safety net, ensuring that loved ones receive a payout to cover expenses such as debts, living costs, or educational fees.
There are different types of life insurance policies, including term life, which offers coverage for a specified period, and whole life, which provides coverage for the policyholder’s entire lifetime and often includes an investment component. The choice between these options depends on individual financial goals and needs.
Life insurance can be crucial for financial planning, offering peace of mind that dependents will be supported financially. This type of insurance typically involves regular premium payments, and the policyholder must decide on the coverage amount and duration.
Life Insurers’ Exposures to Illiquid Assets Have Been Rising
While life insurers’ exposures to illiquid assets have been rising, it does not necessarily lead to unmeasured risks. Private and illiquid credit cannot be traded or sold
US Life Insurers Will See a Benefit to Investment Income in 2024
US life insurers are expected to see a benefit to investment income amid high interest rates in 2024, but investors will likely still be watching for potential issues
Why Millennials Buying Life Insurance? Top Reasons
Life insurance costs and concerns for millennials plus types of insurance most important to young people. 26% of millennials had trouble affording their insurance
US Life Insurers Reports Improving Mortality Results
US life insurers are expected to report improving mortality results for the second quarter and field questions related to credit risk
Life Insurance Value Chain — Distribution & Product Management
Traditional problems Life Insurance industry for decades—such as earnings sensitivity to external factors and opaque risks will remain
10 Dos & Don’ts Of Getting Your First Life Insurance Policy
The decision to purchase a life insurance policy is a significant step in securing financial stability for loved ones in the event of one’s passing
UK Life Insurance Market Solvency at Record High
The UK life insurance market will continue to maintain strong capitalisation despite the government’s proposals to loosen Solvency II (S2) rules to release capital for insurers
16 Most Common Life Insurance Myths You Don’t Need to Heed Anymore
There are many misconceptions and false information concerning life insurance. We are explores some of the most common life insurance myths
Life Insurance Industry Results. Direct Premiums Written & Income by Line
Traditional life insurance is no longer the primary business of many companies in the life insurance industry. The emphasis has shifted to underwriting annuities
Insurance Advisers vs Team-Based Distribution Model in Life Insurance
For life insurance carriers, building the infrastructure to support a successful teaming model often requires a major shift in many of the mechanics of distribution
Why You Should Get Life Insurance? The Main Reasons
Life insurance is something that everyone needs, but in reality, far too few people have it. It’s easy to put aside the thought of buying life insurance when you’re young and healthy
Why Declining Appeal of Endowment Life Insurance is Hurting Financial Wellbeing?
While ensuring financial wellbeing is the core purpose of life insurance, traditional business models have come under stress as socio-economic, demographic, health
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
Canadian life insurance market new annualized premium grew 10% to C$522 mn ($387 mn) in Q2 2024 compared to the same period last year. Policy count also increased 4%
Crypto fundraising landscape is showing signs of recovery. In the last months, we’ve been in the same cycle in terms of sentiment