The life insurance industry is stuck in a rut, but help is on the way. Insurers are trying innovative products and enhanced marketing to counteract stagnant sales of individual life insurance policies.Some insurers are boosting support and training for sales agents, developing new sales methods and using technology to offer direct-to-consumer marketing. They also are […]
Life insurance can play an important role in your estate plan. It is often necessary to support your family after your death or to provide liquidity. Not only do you need to determine the type and amount of coverage you need, but also who should own insurance on your life to best meet your estate […]
If you’re planning to buy more life insurance, do it now! After years of declining prices, the cost of life insurance is on the rise, but those price increases may not be immediately apparent. One way to raise prices is for insurers to become more selective about who gets the “preferred-plus” designation, and the lowest […]
Jul. 11 A proposed North Carolina law would let investors buy life insurance on people they never met, profiting when they die. It’s designed to give charities and university fund-raisers a new way to collect from elderly benefactors. But critics say allowing dispassionate investors to profit from a stranger’s death gives them an interest in […]