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Life Insurers Council: Final Expense and Preneed Life Insurance Sales Record Mixed Results in 2020

Total final expense life insurance premium was $480 million among the 19 companies providing sales for both 2020 and 2019 growth, a 9% increase compared with 2019 results. At the same time, 2020 annual preneed life insurance premium fell 10% year-over-year.

Life Insurers Council Release Final Expense and Preneed Insurance Sales Studies

Total final expense life insurance premium was $640 million in 2022, a 5% decline from 2021 sales results, according to a survey of 22 companies in the final expense market. This is the first drop in final expense premium since 2018 and follows two years of double-digit growth.

2021 LIC Final Expense Workshop

6/8/2021 - 6/9/2021

This workshop will include detailed presentations covering all areas of final expense administration, management, and marketing.

Industry Leaders Focus on Technology to Address Coverage Gap at 2022 Life Insurance Conference

Industry leaders attending the 2022 Life Insurance Conference, co-hosted by LIMRA, LOMA, the Society of Actuaries (SOA), and the American Council of Life Insurers (ACLI), will focus on new technologies and strategies to help them better engage the 102 million Americans who live with a life insurance coverage gap.

2022 LIC Final Expense Workshop

6/8/2022 - 6/9/2022

This workshop will include detailed presentations covering all areas of final expense administration, management, and marketing.

Agenda

2023 LIC Final Expense Workshop

6/7/2023 - 6/8/2023

This workshop will include detailed presentations covering all areas of final expense administration, management, and marketing.

Agenda

LIC — The Life Insurers Council

The Life Insurers Council is an add-on to LOMA Membership that meets the unique needs of small-to-midsize life insurance companies via a peer network of senior-level executives.

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