5 Reasons $38T of Clients’ Life, Pension and Annuity Cash Could Just Rot
December 16, 2025 by Allison Bell
A consumer advocate is talking to state insurance regulators about a grave threat to the performance of life insurance policies, pensions and individual annuity contracts: the possibility that the consumers and their beneficiaries will never claim the benefits they’re owed, and that the product providers will never pay out the promised benefits.
Richard Weber, the treasurer of the Life Insurance Consumer Advocacy Center, spoke about the lost-consumer problem Sunday in Hollywood, Florida, at an in-person meeting of the National Association of Insurance Commissioners’ Consumer Liaison Committee.
Originally Posted at Think Advisor on Dec 10, 2025 by Allison Bell.
Categories: Industry Articles
