Uncategorized | IMPACT

What is reinsurance?

[Life Insurance 101 Series: This series features IMPACT posts that detail the breadth of the industry’s reach and benefits provided to consumers.] Reinsurance is a risk management tool used by life insurers to spread risk and manage capital. With reinsurance, a life insurer transfers some of its insurance risk to another insurer. In effect, reinsurance … Continue reading

COVID-19, Unemployment, and Ultra-Low Interest Rates Challenge Older Americans

COVID-19 has challenged the entire world, including retirees and those approaching retirement. People age 55 and over are more likely to fall ill from COVID and much more likely to die from it. They are also more likely to suffer financially. Since February, 2.5 million older Americans (age 55+) became unemployed. An additional 1.9 million left … Continue reading

Life Insurers: Resilient And Strong For Americans

The COVID-19 pandemic is unprecedented for most people today, but not historically. Tragically, in the United States, between 500,000 to 675,000 people died from the 1918 Spanish Flu, with about 28% of the population being infected. Hopefully, responses like social distancing blunt COVID-19’s human impact, but it has already caused tremendous economic pain. For those … Continue reading

Protecting Essential Workers’ Income

Americans are adjusting to a “new normal” during the COVID-19 crisis. The life insurance industry is adjusting to meet their needs, too. Life insurers recognize that we rely on our essential workforce now more than ever and must support them. That is why life insurers are working to expand access to disability income insurance coverage … Continue reading

Life Insurers #MeetingTheMoment for Customers

For most of us, the COVID-19 pandemic is unprecedented. But life insurers exist to provide relief when times are tough. For more than 175 years the life insurance industry has been a source of strength and support to American families. At a time when COVID-19 is creating financial hardship for so many families, life insurers are … Continue reading

Life Insurance and Small Business – A Force Multiplier

According to an old expression, hard times reveal true friends. In this time of hardship, life insurers stand with America’s small business – true friends. America’s small businesses are getting a lot of attention right now and deservedly so. They generate nearly half of the nation’s economic activity and employ nearly half of the U.S. … Continue reading

Life Insurers #MeetingTheMoment for Employees

Life insurers continue to provide vital assistance to their customers and the communities they serve during the COVID-19 pandemic. The life insurance industry was born out of the idea that no family should be on their own in hard times. And that applies to our employees and their families, as well. During this pandemic, life … Continue reading