Life Insurance Quotes

LIMRA CEO gives future insurance prediction

10/28/11

Robert Kerzner, president and CEO of LIMRA, shared with an audience at the annual LIMRA conference in New York that life insurance companies will get through the troubled economy with new and innovative ways of conducting business, according to A.M. Best.

Kerzner said low interest rates have been a sticking point for most insurance companies, but new technology will push life insurers through troubling times.

"They will manage this as they've managed other difficult environments," Kerzner said about the companies that have been running for more than 100 years and that survived the 2008 financial crisis.

The LIMRA CEO said Americans need to be better prepared for retirement by saving systematically, saying that 55 percent of Americans have $100,000 or less saved in their retirement fund.

"There's a big market and there is no question that companies are trying to better understand how to get their messages and their products to those people," he said, the news source reported.

The number of U.S. adults with life insurance protection has declined to an all-time low as 41 percent of U.S. adults have no life insurance at all, according to LIMRA. 

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