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3 min read

Another Record-Breaking Quarter for U.S. Retail Annuity Sales

By LIMRA on Nov 17, 2022 10:00:00 AM

For the second consecutive quarter, annuity sales reached new heights. In the third quarter 2022, total annuity sales were $79.6 billion, a 27% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

Topics: Benefits Group & Employee Benefits Research/Trends
1 min read

NAIFA Partner Fairway Independent Mortgage Named #1 Workplace in the U.S.

By NAIFA on Nov 4, 2022 9:43:16 AM

NAIFA is proud to share that long-time partner and champion Fairway Independent Mortgage Corporation was named #1 in the 2022 Top Workplaces USA, in an award issued by Energage. Fairway also took the top spot in 2021 as the top-ranked winner for a company with over 2,500 employees.

Topics: Press Release NAIFA Partner
2 min read

Workplace Life, Disability, & Supplemental Health Premium Rebounds in Q2

By LIMRA on Oct 19, 2022 10:00:00 AM

New annualized premium for workplace life insurance, disability insurance, and supplemental health products increased in the second quarter, according to LIMRA’s workplace benefits sales surveys.

“After a sluggish first quarter, sales for workplace life and disability insurance products experienced solid growth in the second quarter,” said Patrick Leary, corporate vice president, and director of LIMRA workplace benefits research. “Despite inflationary concerns, the awareness among employees of the need for insurance coverage remains even after their concerns about COVID-19 have waned, which helps explain the continued growth in certain voluntary products.”

Topics: Benefits Group & Employee Benefits Research/Trends
2 min read

Employers Eye Insurance Benefits as a Way to Attract, Keep Talent

By LIMRA on Sep 30, 2022 10:00:00 AM

LIMRA estimates 86 million employees could have access to new insurance benefits within 2 years

Facing a historically tight job market, many employers are looking to bolster their workplace benefits to attract new talent and retain their existing workforce. In a LIMRA survey of U.S. private employers with 10 or more employees, 60% said they are considering adding a new insurance benefit within the next two years ― roughly double the interest employers expressed five years ago.

Topics: Benefits Employer Sponsored LTCI Group & Employee Benefits
1 min read

Join NAIFA Partner Chalice Connect for a Benefits-Driven Webinar

By NAIFA on Sep 14, 2022 9:58:01 AM

Join Chief Marketing Officer and Partner at Chalice Connect, Whitney Kendrick, along with Senior PEO Sales Consultant at Paychex/Oasis, Maria Petroni, for a Business Performance Center webinar on Thursday, September 22 at 12 pm eastern.

In this webinar, Whitney and Maria will give you an overview of the Chalice Connect Marketplace, and how it can help your business navigate and save on new benefits such as health insurance, travel options, and succession planning - especially timely with open enrollment periods opening up soon!

Chalice Connect is one of the Business Performance Center's newest partners, and also an affinity discount partner for our NAIFA Members. This webinar is free to attend and will teach you how to access their marketplace, which can save your firm, agency, or practice time and money.

Learn More & Register

Topics: Benefits Group & Employee Benefits Grow Your Business
3 min read

Fixed-Rate Deferred Annuity Product Sales Lead the Way in Record-Breaking Second Quarter

By LIMRA on Aug 25, 2022 10:00:00 AM

Total U.S. annuity sales increased 16% to $79.4 billion in the second quarter, according to LIMRA’s U.S. Individual Annuity Sales Survey. Fixed-rate deferred (FRD) and registered index-linked (RILA) sales reached an all-time record for the quarter, while fixed index annuity sales fell just short of a record quarter.

“All fixed products showed positive growth as consumers looked for safety from the volatile equity markets,” said Todd Giesing, assistant vice president, LIMRA Annuity Research. “With average yields at or above 3% for fixed-rate deferred annuities, it’s a rate environment we haven’t seen in a long time.”

Topics: Life Insurance & Annuities Research/Trends
3 min read

Sales of Life Combination Products Rebound in 2021

By LIMRA on Aug 22, 2022 12:43:24 PM

Total new premium for individual life combination products increased 22% to $4.3 billion, compared with prior year results, and down slightly from the $4.8 billion in premium generated in 2019, according to LIMRA’s 2021 U.S. Individual Life Combination Products Annual Review. Combination products represented 20% of total life insurance premium in 2021.

Topics: Life Insurance & Annuities Research/Trends Insurance
3 min read

LIMRA: Second Quarter Annuity Sales Shatter Record Set During the Great Recession

By LIMRA on Aug 1, 2022 10:00:00 AM

Total U.S. annuity sales increased 22% to $77.5 billion in the second quarter, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey. This marks the highest quarterly sales ever recorded since LIMRA began tracking annuity sales and nearly $9 billion above the previous record set in the fourth quarter of 2008 during the Great Recession.

Topics: Life Insurance & Annuities Research/Trends
3 min read

Employee Benefits Influence Worker Satisfaction But Lack of Awareness Could Undermine Their Impact

By LIMRA on Jul 25, 2022 10:00:00 AM

In today’s tight job market, companies are focused on how to differentiate themselves to attract and retain the best talent. There has been a lot of attention on salaries and hybrid work arrangements but how do employee benefits figure into the equation?

Topics: Benefits Group & Employee Benefits Voluntary Benefits Research/Trends
2 min read

Workplace Supplemental Health Product Sales Start Strong in 2022

By LIMRA on Jul 11, 2022 10:00:00 AM

New annualized premium for supplemental health insurance products, (collectively accident, critical illness, cancer, hospital indemnity, and other supplemental health insurance products) increased 6% in the first quarter of 2022 year-over-year. During the same period, new annualized premiums for workplace life insurance and disability insurance fell, according to LIMRA’s workplace benefits sales surveys.

Topics: Benefits Group & Employee Benefits Research/Trends

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