Articles
Globe Life income surges 38%; insurer sets goal of 28K exclusive agents
Despite repeated controversies and investigations, Globe Life just keeps on delivering strong earnings growth. The McKinney, Texas-headquartered insurer reported third-quarter numbers that trounced expectations. Income increased 38% over the year-ago period. Life and health premiums were up 5% to 13% across Globe Life’s four divisions. Life and health underwriting margins increased 24% and 25%, respectively. […]
Milliman: Certain VA annuity surrenders doubled from 2022 to 2024
Updated research from Milliman finds that surrender rates on variable annuities with guaranteed living withdrawal benefits more than doubled from 2022 to the end of 2024. A global actuarial and consulting firm, Milliman recently released the results of its two ongoing Variable Annuity Industry Experience Studies, which analyze policyholder behavior across 23 companies spanning 17 […]
LTCi makes a difference in family caregiving, study finds
Caregiving can be expensive and chaotic. Having long-term care insurance can make a difference in how families deal with caregiving. That was the main takeaway from a recent study from the Certification for Long-Term Care and UMass Boston’s LeadingAge LTSS Center . The study tracked four groups of families who are paying for in-home care, […]
Chucking the 4% Rule to boost retirement spending
Is the 4% Rule dead? It’s not dead, but it’s flawed, said a statistician specializing in finance who has announced research challenging the 4% rule and similar fixed-rate withdrawal strategies for retirement spending. Stefan Sharkansky published a research study and launched The Best Third, a website that gives retirees and financial advisors the ability to […]