News and Updates

Med Supp Premium Grows 6.6% to $31 B

By Kristin Steenson – CSG Actuarial – May 29, 2018 UPDATE: Last month CSG Actuarial shared information from the NAIC and other sources and reported that total earned premiums in 2017 for the Med Supp market were $31 billion, a 6.6% increase over 2016. A few other data...

Med Supp Use Continues to Rise

By Allison Bell – ThinkAdvisor – May 18, 2018 The number of people with Medicare Supplement (Medigap) insurance increased to 13.6 million in 2017, up from 13.1 million a year earlier, according to the American Association for Medicare Supplement Insurance. Med Supp...

Agent Annuity Commissions Rose in Q1

By Cyril Tuohy – InsuranceNewsNet – May 29, 2018 Here’s some good news for agents selling fixed annuities: the products paid a bit more in the first quarter than they did last year. Agents selling indexed annuities did well on two fronts: not only did indexed annuity...

Insurers Report Strong Q1 Annuity Sales

By Cyril Tuohy – InsuranceNewsNet – May 16, 2018 After several uneven quarters for annuity sales, insurers are reporting a strong Q1 in earnings calls. Official sales statistics for the overall market are expected next week, but across several top annuity sellers a...

Retirement Health Care Costs Up Again

By Fidelity Investments – April 19, 2018 A 65-year old couple retiring this year will need $280,000 to cover health care and medical expenses throughout retirement, according to Fidelity Investments’ 16th annual retiree health care cost estimate. This represents a 2%...

SEC Tentatively OKs Fiduciary Proposal

By Nick Thornton – BenefitsPro – April 19, 2018 The Securities and Exchange Commission voted to release a three-pronged proposed rule for public comment that could change the standard of conduct broker-dealers and annuity sellers owe retail investors; that would...

CBO: Medicare Spending Will Top $1.2T

By Evan Sweeny – FierceHealthCare – April 18, 2018 Starting next year, annual Medicare spending is expected to grow by an average of 7% over the next decade, exceeding $1.2 trillion by 2028, according to the Congressional Budget Office. Healthcare costs overall are...

Single Retirees and Annuity Protection

Annuity ownership leads to greater confidence in retirement outcomes By LIMRA – April 13, 2018 A LIMRA study found single retirees who own an annuity are more likely to believe they can achieve their desired lifestyle in retirement and their savings will last if they...

Social Media Critical to Life Insurance Sales

Can they find you? Can they ‘see’ you? Establish a presence By LIMRA – April 11, 2018 When it comes to purchasing life insurance, consumers are engaging online and through social media platforms as a way to evaluate financial products and financial professionals. A...

Med Supp Premium Scorecard: April

By Kristin Steenson – CSG Actuarial – April 2, 2018 The CSG Actuarial Premium Rate Scorecard provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households and ZIP Codes, based on actual Medigap quotes. Based on...