2017 Insurance Barometer Study Reveals That Consumers Want Transparent Life Insurance Buying Options
Seventh annual study from Life Happens and LIMRA shows simplified underwriting and easy to understand offerings are key to getting consumers the coverage they know they need, but don’t have.
WINDSOR, Conn., June 22, 2016 — A new LIMRA study shows consumers under age 40 would prefer to receive life insurance benefits as a monthly income rather than a lump sum payment.
In the 2016 Insurance Barometer Study 56 percent of consumers said they were concerned about supporting themselves if they became disabled and could not work.
Life Insurers Leverage Technology and Greater Access to Data to Streamline Underwriting, LIMRA Report
WINDSOR, Conn., March 22, 2016—Two in three life insurance companies in the U.S. and Canada have implemented automated underwriting for at least part of their business and another 32 percent are in the planning stages of implementing automated underwriting, according to a new LIMRA study.
Windsor, Conn., Feb. 25, 2016 — James Morris, FSA, chairman, president and CEO, Pacific Life Insurance Company, will open the 2016 Life Insurance Conference, which takes place Apr. 4–6, 2016, in Las Vegas.
2019 Insurance Barometer Study: Nearly Half of Americans More Likely to Buy Simplified Underwritten Life Insurance
Arlington, Va., and Windsor, Conn., April 1, 2019 – Almost half of Americans (47 percent) say they are more likely to buy life insurance using simplified underwriting, which generally means getting coverage more quickly and without a medical exam versus traditional underwriting approaches, according to new findings from the 2019 Insurance Barometer Study.