We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Fidelity & Guaranty Life Adds Flexibility To Fixed Index Life Product

    November 18, 2014 by Cyril Tuohy

    Fidelity & Guaranty Life announced it has added some flexibility to its fixed index universal life product by offering another interest crediting option that guarantees an interest rate of at least 3 percent.

    The option was made available to advisors and producers beginning Oct. 31.

    With this latest announcement by F&G, Life-Choice policyholders and advisors now have four crediting options from which to choose, each tied to the benchmark Standard & Poor’s 500 index. The crediting options are capped.

    The first interest-crediting option offers an annual point-to-point crediting schedule, the second offers an identical crediting schedule but increases the participation rate, the third — announced last month — guarantees a 3 percent interest rate, and the fourth offers a monthly point-to-point crediting schedule, the company said.

    Policyholders are free to allocate the entirety of the account value to the new index, or they can allocate the value between all four interest crediting options, the company said.

    Insurance carriers, seeing life insurance sales hurt by low interest rates, are looking for ways to sell more life insurance. One way to do that is to make their policies more flexible. Adding a fourth interest crediting option for F&G’s indexed universal life product is an attempt to do that.

    The latest industry statistics show universal life insurance sales lagging. Annualized premiums for individual universal life insurance sales dropped 8 percent in the second quarter of this year compared to the year-ago period, according to LIMRA’s U.S. Individual Life Insurance Sales Summary Report.

    Sales dropped 12 percent in the first half of 2014 compared to the first half of 2013, according to LIMRA data.

    Face amounts of individual universal life insurance policies in the second quarter dropped 15 percent compared to the year-ago period, and in the first half of this year they dropped by 17 percent compared to the same period in 2013, LIMRA data show.

    The number of universal life insurance policies sold in the second quarter dropped 6 percent compared to the year-ago period, and dropped 8 percent in the first half compared to the first half of 2013, the LIMRA data also show.

    In the second quarter, universal life sales were the worst performing category among the four life insurance products tracked by LIMRA: universal life, variable universal life, term life and whole life.

    Total annualized premiums for all individual life insurance rose 1 percent in the second quarter compared to the year-ago period, and dropped 4 percent in the first half of the year compared to the first six months of last year, LIMRA reported.

     

     

    Originally Posted at InsuranceNewsNet on November 12, 2014 by Cyril Tuohy.

    Categories: Industry Articles
    currency