Life insurance, and the decision to buy it, is among the most critical financial decisions that an individual will make in his or her lifetime. That said, most people will purchase a policy without fully understanding all of its various features, meaning that the majority of policyholders are not taking advantage of everything that their products have to offer. Experts in the life insurance industry have compiled a list of the most frequently overlooked life insurance features. The following are some of the points that made the list: • Premium…
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Combination life insurance product sales skyrocket to $1.2 billion
The results of a LIMRA research study have shown that the sale of combination life insurance skyrocketed in 2010, with sales rising by 62% to reach $1.2 billion. According to research actuary Catherine Ho, from LIMRA, this 2010 increase in the overall sales of combination life insurance products was significant, especially when considering that there had already been growth in the double digits in 2009. In a LIMRA press release, Ho stated that “In addition to carriers boosting their marketing campaigns, consumers’ growing desire for an alternative to stand-alone long…
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