by Carrie Haubensak | Aug 22, 2024 | Insurance Industry, Life Insurance
Individual life insurance new annualized premium totaled $3.97 billion in the second quarter, level with prior-year results, according to LIMRA’s preliminary U.S. Life Insurance Sales Survey. Policy count was flat for the quarter. Year to date, new premium totaled...
by Carrie Haubensak | Aug 20, 2024 | Insurance Industry
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Comprehensive Benefits, an independent marketing organization based in St. Louis,...
by Carrie Haubensak | Aug 16, 2024 | Insurance Industry, Medicare, Medicare Supplement
Insurance companies that operate in the brokerage Medicare Supplement market typically offer per policy bonuses to encourage agents to sell their products. These bonuses generally vary by underwriting type and reward agents for writing the types of business that fit...
by Carrie Haubensak | Aug 15, 2024 | Insurance Industry
Sales of annuities, the once largely disparaged investment instrument, have been off the charts for the last several years. Consumers, mostly retirees or those close to retiring, have turned to annuities in record numbers, fueled by the seemingly reassuring financial...
by Carrie Haubensak | Aug 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Cigna reported 2nd quarter 2024 Medicare Supplement lives of 473,000, up 1.5% from the result at 1st quarter 2024 and 1.7% compared to 2nd quarter 2023. The table below shows Cigna’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. Based on...
by Carrie Haubensak | Aug 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 2nd quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,294,000, a decrease of 6,000 in the past quarter and 57,000 over the past 12 months. The 57,000 decrease in membership in the past 12 months is a 4.2% decrease relative to the...
