LIMRA Life Insurance Research

Deb Dupont 7/18/2017
The Department of Labor estimates that 38 percent of private sector workers do not have access to a Defined Contribution (DC) plan. Making worksite savings available to more workers is a critical first step in helping resolve the issue of how workers invest and save for retirement via the workplace. Lack of access is especially pronounced among employees of smaller companies, and can be complicated by questions of full- or part-time working status, or tenure with a given employer. The Federal government and more than half of the states have turned their attention to the lack of DC programs in so many workplaces, with proposals, studies and legislation various stages to enable workplace savings.
In 2016, the LIMRA Secure Retirement Institute conducted two surveys – one of workers and another of employers who currently sponsor DC plans. Each initiative included a battery of questions designed to better understand the two stakeholders who are most directly affected by these efforts at the state levels.
A new mantra for the retirement industry seems to be taking hold: driving successful retirement outcomes for plan participants.
How has COVID-19 impacted Canadians’ interest in life insurance and their expectations of the industry?
Benchmark sales, persistency, analysis, and outlook for a range of annuity products, reported by distribution channels and market types. (Updated: Variable Annuity Guaranteed Living Benefit Election Tracking, 4th Quarter 2020)
The 2021 study period marks the 11th edition of the annual Insurance Barometer. Surveying American consumers during this difficult time provides critical insights for the industry on the impact that COVID-19 is having on financial attitudes and behaviors.