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
Third Quarter 2024 Marks 16 Consecutive Quarterly Increases in U.S. Annuity Sales – Last 10 in Double Digits
Total annuity sales increased 29% year over year to $114.6 billion in the third quarter 2024, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey. This is the 16th consecutive quarter of growth for the U.S. market and just shy of the quarterly record set in fourth quarter 2023.
Read the ReleaseIndustry Trends Articles
Five Reasons to Discuss Long-Term Care Insurance Options With Your Clients
The Department of Health and Human Services estimates that 70% of Americans over age 65 will need long-term care (LTC) services within their lifetime. With an average cost of over $5,000 a month, not having long-term care insurance coverage could severely compromise a retiree’s financial security.
Read the PostFrom Hire to Retire
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