A popular insurance product of the 1980s and 1990s has come back to bite many older Americans. Universal life was a sensation when it premiered, and for some years it worked as advertised. It included both insurance and a savings account that earns income to help pay future costs and keep the premium the same.… Continue reading The Impact of Low Interest Rates, Aging Population on Universal Life Insurance
Tag: life insurance
Tokio Marine to Invest $360M in African Insurers
Tokio Marine Holdings is about to take a big step into Africa’s insurance market. The Japanese insurer aims to invest about 40 billion yen ($359 million) in a major South African insurance group through which it will sell life and nonlife policies in 50 countries, covering most of the continent. Tokio Marine, which will target… Continue reading Tokio Marine to Invest $360M in African Insurers
Prudential Launches Consumer-Direct Insurance, Investing Service
Prudential Financial Inc is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a sea change for Newark, New Jersey-based Prudential, the largest U.S. life insurance company… Continue reading Prudential Launches Consumer-Direct Insurance, Investing Service
AIG Finds that 56 Percent of Life Insurance Owners are Optimists
New consumer research insights from American International Group, Inc. reveal that 56 percent of life insurance owners are optimists, while only 48 percent of people who don’t have life insurance are optimists. AIG also found that only 53 percent of U.S. consumers ages 21-64 own life insurance. For purposes of the research, optimists were identified… Continue reading AIG Finds that 56 Percent of Life Insurance Owners are Optimists