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Life Insurance – InsuranceNewsNet
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Term life insurance premium increased 8% in the first quarter, the highest since the second quarter 2007, according to LIMRA’s First Quarter 2020 U.S. Individual Life Insurance Sales Survey. Sixty percent of term life writers reported positive growth.
The post Term Life Premium Up 8%, Offsetting Tough 1Q: LIMRA appeared first on InsuranceNewsNet.
Three industry organizations are partnering on a joint mortality experience study that will compare individual life mortality involving COVID-19 now and into the near future. LIMRA, the Society of Actuaries (SOA) and TAI are working on an inaugural report to release later this summer.
The post COVID-19 Individual Life Mortality To Be Examined In New Study appeared first on InsuranceNewsNet.
People do not always understand why they need to insure their life. For example, you don't think that if you have a fire extinguisher in your house, a fire will definitely start. The company does not ask for residency or citizenship, but you must legally reside in the United States and have a Social Security number.
The post Why Americans Need To Know Their Life Insurance Facts appeared first on InsuranceNewsNet.
The over-60 age group had been the largest group of life insurance applicants, but carriers have had to restrict new coverage for older consumers because of COVID-19.
U.S. life insurance application activity was down 3% year-over-year in April, according to the MIB Life Index -- the second consecutive month of decline.
The post Life Insurance Activity Down 3% In April: MIB Reports appeared first on InsuranceNewsNet.