This edition of “What’s Trending in Life Insurance” covers stories from Forbes, BusinessWire, and Fitch Ratings.

Who Should Have Survivorship Life Insurance?

Forbes recently came out with an article regarding survivorship life insurance plans, and how they may work well for some people’s unique needs.

Survivorship life insurance is essentially one policy, covering the life of two people. It pays at the passing of the second person. Whatever happens, the survivor in the plan will continue to be protected by the policy for their lifetime.  The article suggests it’s a good alternative for both special needs planning as well as for philanthropic needs…

Read the Full Article on Forbes

Pandemic is Increasing Money Woes, Interest in Life Insurance

Stratus Financial Life Insurance NewsPrudential’s latest financial wellness census yielded some interesting results from its participants. According to the survey, 45% of Americans who participated claimed they do not own a life insurance policy, and 48% are concerned over their financial future.

The article suggests that the “The pandemic environment has put mortality and financial wellness into sharp focus, and accelerated the need for simple, digital options for buying financial products, including life insurance.” Time will tell what the lasting effects of COVID-19 on life insurance issues in our country will be.

Read the Full Article on BusinessWire

Japanese Life Insurance Sets Example for Managing Low Rates

Stratus Financial Life Insurance NewsAs many of our readers know, interest rates have been at all-time lows over the last ten years. This has had a major impact on the future of life insurance in America.

According to a new article from Fitch Ratings, we could learn a thing or two by watching what the life insurance markets in Japan are doing. The island nation has had extremely low interest rates for longer than any country in the west, and the way their life insurance companies are adapting could set an example for how we handle our own industry here in the United States.

Read the Full Article on Fitch Ratings

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The post Stratus Financial: What’s Trending in Life Insurance first appeared on Stratus Financial Partners.