LIMRA and LOMA: Empowering Our Members
Advancing the financial services industry by empowering our members with knowledge, insights, connections, and solutions
For more than a century, we’ve served as the largest trade association supporting the insurance and related financial services industry. Today, we’re working with over 700 member companies around the world to help them understand industry trends, inform their strategies, develop their talent, and create solutions that advance the industry.
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This semi-weekly newsletter showcases important global financial services industry updates and links to related LIMRA, LOMA, and SRI resources. Please subscribe to receive Industry news2use in your inbox on Tuesdays and Thursdays.
News from LIMRA
LIMRA: Term Life Sales Marks Sixth Consecutive Quarter of Growth in Second Quarter 2024 — On Pace for a Record Year
In the second quarter 2024, term life insurance — a mainstay for younger and middle-income families — recorded its sixth consecutive quarter of growth in both premium and policy sales, according to LIMRA’s U.S. Life Insurance Sales Survey.
Read the ReleaseIndustry Trends Articles
Life Insurance Awareness Month: A Time to Help More Consumers Get the Life Insurance Coverage They Say They Need
While people continue to acknowledge the importance of life insurance — 70% say they know they should have coverage — just half of U.S. adults report owning it and many more say they don’t have enough coverage to protect their loved ones. According to the 2024 Insurance Barometer Study a record-high proportion of U.S. adults (42%) — representing 102 million people — say they need (or need more) life insurance.
Read the PostFrom Hire to Retire
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