Changing RBC Bond Factors for U.S. Life Insurance Companies – What Does it all Mean? Life insurance companies are among the largest investors in the U.S. corporate bond market. As such, any potential changes in their investment behavior could impact market technicals and are worth monitoring. This explains why the recent changes by the National Association of Insurance Commissioners (NAIC) have piqued the insurance industries’ interest. For years, the NAIC has contemplated changes to their Risk-Based Capital (RBC) C-1 risk factors, which help determine how much capital life insurers must hold against their bond portfolios, and are a meaningful input in informing their investment...
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Very hungry financial caterpillars — private equity firms — continued to gobble up U.S. life insurance company investment assets in 2020. It’s still unclear to insurance regulators exactly what this means. Analysts at the Capital Markets Bureau, an arm of the National Association of Insurance Commissioners, say private equity firms controlled a total of $471 billion in U.S. life insurance company cash and invested assets at the end of 2020. That was up 39% from the total at the end of 2019. Private equity firms’ U.S. life insurance company assets increased just 9.4% between 2018 and 2019. The growth in assets at private equity firm-controlled life insurers was due partly to acquisitions and...
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Fitch highlights strong capital position of mutual US life insurers Fitch Ratings has given the Large and Highly Rated Mutual US Life Insurers peer group an Insurer Financial Strength (IFS) score ranging from ‘AA+ to ‘AAA’. This is driven chiefly by the mutual insurers’ capital positions. Compared with stock companies, the mutual insurers generally have a longer-term focus on sustainable returns while maintaining excess capital compared with target levels and rating expectations. In contrast to the broader US life insurance industry, Fitch views the peer group as having below-average liability risk. The peer group’s predictable and long-duration liabilities enhance its risk profile as...
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A $10,000 life insurance policy might perfectly fit your financial situation. Your family will be financially secure with a simple and low monthly payment. You might be wondering how much 10,000 dollars of coverage will cost. $10,000 Whole Life Insurance Quotes Age, gender, health, and tobacco use all play a role in the funeral insurance cost someone should expect to pay for a $10000 insurance policy. The quotes listed below are examples of what a healthy individual will pay each month. The quotes listed are for policies that do not require a waiting period or medical exam. Whole Life Insurance Basics Every whole life insurance policy has three permanent features. Premiums Never Raise:...
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What Is Life Insurance? Life insurance is a contract that provides financial protection for a policyholder's life for a set amount. A policyholder must pay a monthly or annual premium in exchange for coverage. When the policyholder dies, their named beneficiary is entitled to the contract's value, known as a death benefit. A death benefit is a tax-free payment that your family or loved ones can use to cover expenses such as a funeral, mortgage payments, college funds, or to supplement the policyholder's lost income. What Are the Different Types of Life Insurance? There are many kinds of life insurance policies available. Each is designed to meet your financial objectives and...
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You’re lucky if you’re over 60 and looking for life insurance. However, there are plenty of companies that offer policies to seniors, and you may be able to find a policy that fits your needs and budget. This guide will discuss the different life insurance policies available to seniors and the factors you should consider when choosing a policy. We will also provide tips on getting seniors the best life insurance rates. So if you’re ready to find coverage, keep reading! Why do seniors over 60 need life insurance? You have raised your family, and now your retirement is secure. That is a great accomplishment. However, you may have also purchased a term life insurance policy...
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