What Will The Life Insurance Industry Look Like In 2020?

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    David RacichPRO
    Fountain Hills, Arizona
    With low interest rates beginning to rise and life insurance industry sales flat, there will be a concerted effort to consolidate companies, so acquisitions will dominate the insurance industry for next 5-7 years. Although competition will be reduced by acquisitions, those carriers that remain will force the market to new levels of competition that will play a role in the continuing decline in life premiums accelerated by new frontiers in life expectancy. Look for a new CSO mortality table before 2020. The tax advantages of life and annuities will continue through 2020 as the industry continues to be the only reliable industry to purchase government debentures.
     
    Answered on June 23, 2013
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