Last year, group life insurance companies experienced a record number of death claims. Two recent reports include:
MetLife’s adjusted quarterly earnings in the U.S. group-benefits unit plummeted 95% to $20 million, from $383 million the year-earlier with increased deaths of younger people (i.e., those under age 65) with employer-sponsored benefits. MetLife paid out $1.06 for each $1 of group-life-insurance premium collected.
For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some best practices for creating such RFPs.
For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some best practices for creating such RFPs.
Fed Signals Rates Will Stay Low – Purchases Accelerate in Q4 Into the twelfth year of historically low interest rates, and with the Federal Reserve announcing rates will not move until 2023, several headwinds continue to put a damper on bank earnings.
On July 21st, Prudential Financial announced the sale of its retirement segment to Empower, a large player in the qualified retirement plan marketplace, for $3.55 Billion.
Disability insurance tends to be one of the most overlooked benefit programs in corporate America today. However, an employee experiencing a disability event is a real threat to employers, as 25% of employees entering the workforce…
FINSECA Takes a Deep Dive into the Green Book On Friday, May 28th the Biden Administration released the 6 trillion-dollar budget for the upcoming fiscal year.
Hundreds of insurance carriers hold insurance company-owned life insurance (ICOLI) as part of their investment strategy.
Insurance company owned life insurance (ICOLI) can provide an increase in retained yield on a given investment. Usually, the pickup is more than +150bps per year.
The retirement savings gap in the United States is nothing new – for at least the last decade experts have warned that savings rates are down. Exacerbating the issue is the pandemic of 2020.