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Best's Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
4+ day, 1+ hour ago (351+ words) This has been driven by newer entrants that have been assigned lower ratings, as well as established life/annuity companies that have been downgraded," said Erik Miller, senior director, AM Best. Several factors have contributed to a diminished balance sheet…...
Life insurance application activity sees record-breaking Q1
5+ day, 45+ min ago (237+ words) When including age bands comparing Q1-2026 to Q1-2025, ages 0-29 saw declines for amounts from $1 up to but not including $100 K, flat activity for amounts from $100 K up to but not including $250 K, and growth for amounts $250 K and over, in the double…...
Life insurers post modest gains following record 2024, S&P Global finds
6+ day, 5+ hour ago (650+ words) According to S&P Global Market Intelligence, the life insurance industry experienced a 4. 3% increase in total direct premiums and considerations in 2025, reaching a record high of $1. 09 trillion. Those numbers are striking when compared to the 14. 6% rise in 2024, which was the…...
New individual life premium hits record-setting $17. 5 B in 2025
3+ week, 4+ day ago (567+ words) WINDSOR, Conn. " Total new annualized premium exceeded $17. 5 billion in 2025, up 10% year over year, according to LIMRA's individual life insurance sales survey. Individual life insurance new premium has set records for four of the past five years, including 2025. The number of…...
John Hancock looks to new AI underwriting tool to slash processing time
2+ mon, 1+ week ago (895+ words) One of the newest Gen-AI powered underwriting tools to enter the market promises to cut down preliminary processing times from about one day to just 15 minutes, saving agents time and improving customer experience. Quick Quote is the most recent AI…...
My life has been destroyed: Dean Vagnozzi plots life insurance comeback
3+ mon, 1+ day ago (1177+ words) Dean Vagnozzi waited a long time for the opportunity to restore his reputation and get back into the life insurance business. Once a multimillion-dollar life insurance producer and local Philadelphia celebrity of sorts who tooled around the city in a…...
2025 Top 5 Life Insurance Stories: IUL takes center stage as lawsuits pile up
3+ mon, 2+ week ago (858+ words) It was a good year for life insurance sales. But problems with indexed universal life overshadowed some of that good news. IUL comes with a death benefit and a cash value that grows based on a stock market index, but…...
Flawed Social Security death data puts life insurance benefits at risk
3+ mon, 4+ week ago (507+ words) The Social Security Administration maintains the only federal database that insurers are required to periodically check for deaths. Issues with the database, however, have resulted in millions of families risking delayed or lost life insurance benefits. INN spoke with Dick…...
How life insurance can defy the 4% rule
5+ mon, 4+ day ago (462+ words) Retirement spending strategies are rarely one-size-fits-all. The well-known 4% withdrawal rule - suggesting retirees withdraw 4% of their savings in the first year and adjust for inflation " was designed to help ensure a 30-year retirement income. But for high net worth individuals, this…...
JAB Insurance Appoints Life Insurance Veteran as the Next CEO of Prosperity Life Group
6+ mon, 5+ hour ago (198+ words) MIAMI & NEW YORK--(BUSINESS WIRE)-- JAB Insurance today announced that it has named Michael Ferik as Chief Executive Officer of Prosperity Life Group, effective October 15, 2025. He will succeed Nicholas von Moltke who served as CEO over the past six years…...