Life Insurance Is Profitable Again, but Too Late for Many Insurers
April 18, 2023 by Leslie Scism
The past 15 years has been a lousy time to sell life insurance. Higher interest rates driven by the Federal Reserve’s inflation-fighting campaign have given the industry a new chance to profit.
But many of the big U.S. publicly traded insurers will miss the party.
A lot of these life insurers don’t sell life insurance anymore, at least not to American consumers. They gave up the business and their armies of agents when low interest rates hit both their profits and stock prices.
Originally Posted at The Wall Street Journal on April 17, 2023 by Leslie Scism.
Categories: Industry Articles