Carriers Using Simplified Issue to Better Serve Consumers
In an effort to underwrite more quickly and accurately, carriers are exploring simplified issue products, according to a new LIMRA study.
Financial Professionals Serve an Essential Role
In a recent LIMRA study, 50 percent of middle market consumers said they prefer to buy life insurance face-to-face with a financial professional, while 75 percent said they want an advisor who can educate, listen and develop trust.
Awareness of Simplified Underwriting Increases Likelihood to Buy Life Insurance
While already underway prior to the COVID-19 pandemic, many life insurance policies are now underwritten through “simplified” or “streamlined” processes, which are less reliant on physical data (e.g., blood, urine, examination) and more reliant on readily available datasets (e.g., medical, financial, personal).
LIMRA: Study of Largest 403(b) Plans Give Clues on How to Serve Broader Market
A new LIMRA report on 403(b) plans studied the two largest market segments — healthcare and higher education — and may provide clues to plan providers on how to serve the broader 403(b) market.
Half of Life Insurers Using Automated Underwriting
Half of life insurers have some type of automated underwriting solution in place and 41 percent of companies are in the planning process, according to LIMRA research.
Improved Retirement Saving Starts with Better Budgeting
Americans tell researchers they want to save more for retirement but their best intentions are falling far short.
LIMRA CEO: Our Industry Needs to Better Leverage Technology to Build and Grow Every Aspect of Business
WINDSOR, Conn., Oct. 24, 2011 — Today, Robert A. Kerzner, president and CEO of LIMRA, LOMA and LL Global, opened the 95th LIMRA Annual Conference challenging the more than 500 financial services executives attending to better leverage the power of social media, mobile devices and other technological advances to grow life insurance and investment sales in the future.