TITLE

The Death of Life?

AUTHOR(S)
Cordell, David M.; Finke, Michael; Lemoine, Craig
PUB. DATE
January 2007
SOURCE
Journal of Financial Planning;Jan2007, Vol. 20 Issue 1, p42
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the future of the life insurance industry. Managerial arrogance and resistance to innovation may lead the industry to collapse as younger generations decline to invest in the policies. Cash value policies have lost importance as the availability of other investment products like 401(k) plans and 529 college savings plans has risen. The authors discuss potential ways for the life insurance industry to reverse the trend by pursuing innovative products and policies and courting younger customers.
ACCESSION #
23722770

 

Related Articles

  • Constant change and opportunity in the life market. Minto, Jim // Money Management;1/24/2008, Vol. 22 Issue 2, p22 

    The article reports on the opportunity and challenges for the life insurance industry in Australia. It states that the industry must continue its shift toward consumer marketing with a focus on informing and educating them on the benefits of coverage. Meanwhile, the life industry is emerging in...

  • Insurance Inclusion Index: A State-Wise Analysis in India. Sankaramuthukumar, S.; Alamelu, K. // IUP Journal of Risk & Insurance;Apr2011, Vol. 8 Issue 2, p18 

    This study aims at developing an index for insurance inclusion for India and her states. It also ranks the states according to insurance inclusion index, and compares the insurance inclusion index with the latest financial inclusion index for Indian states. The average Insurance Inclusion Index...

  • CII recruits to lead specialist teams. Salmon, James // Money Marketing;1/26/2006, p16 

    The article reports that the Chartered Insurance Institute (CII) is setting up specialist teams for life and pensions and general insurance in an attempt to create a more focused approach. According to CII, it aims to increase its presence in the British life and pension sector and is set to...

  • Creative Uses of Insurance. Kriesel, William T. // CPA Journal;Nov2010, Vol. 80 Issue 11, p50 

    The article discusses the creative uses of insurance and the considerations for variable universal life (VUL) policies. The development of VUL was the solution of the insurance industry to the large outflow of funds from insurance companies. Roth Individual Retirement Accounts (IRAs) offer...

  • The Brave New World of Life Insurance Distribution. Mulé, Dan // National Underwriter / Life & Health Financial Services;Apr2014, Vol. 118 Issue 4, p50 

    The article provides information related to the life insurance industry in the U.S. It highlights the evolution of the way insurance firms sell protection and investment products as well as the complex issues of consumers' retirement savings. The move of several insurance and financial services...

  • Think Inside the Distribution Box. MacDonald, Robert W. // Best's Review;Mar2008, Vol. 108 Issue 11, p80 

    The article shares the author's insights on the challenges faced by the life insurance industry in the U.S. The issues to be resolved include increased competition within the financial services industry, the changing role that the life insurance industry and the need for new types of products to...

  • How Long Will Traditional Life Products Hold Their Appeal? Purushotham, Marianne // National Underwriter / Life & Health Financial Services;7/5/2004, Vol. 108 Issue 26, p19 

    Focuses on the renewed interest of traditional life insurance products in the U.S. Estimates of individual life insurance sales conducted by LIMRA International; Results of a term insurance study conducted by LIMRA in 2001; Possible effect of higher returns in equity markets to traditional life...

  • Fallen champions. Baigrie, Tom // Money Marketing;9/20/2007, p52 

    The author reflects on the decrease of sales in life insurance companies in Great Britain. He states that such problem results from the failure of the companies to convince the customers regarding the advantages of buying investment products, particularly life insurance. He suggests that...

  • Underwriting Reporting: A Common Ground For Insurers, Settlement Firms. Fasano, Michael // National Underwriter / Life & Health Financial Services;11/13/2006, Vol. 110 Issue 43, p26 

    The article reflects on the author's view regarding the conflict between the life insurance and life settlement industries in the U.S. According to the author, a better approach for the both industries would be to find areas in which they can be working together. He cited that underwriting...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics