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4 Life Insurance Trends in 2015

3/23/2015

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Below are 4 life insurance trends happening in 2015, consumers will benefit tremendously from each of these trends.

No Medical Exam Necessary
The no-medical exam life insurance market is growing, with some very attractive products.  This is a great news for people who got turned down by the conventional insurance underwriting.

Price Shop Made Easy
With so many life insurance providers, sometime it could be a daunting task to compare their offers.  But the life insurance quote engine will rank all the providers' same products from low to high, forcing them to compete on price.

New Living Benefits
Terminal disease rider has been a table stake, chronic care adn critical illness riders are being added to policies by some providers, this is great news for consumers, as people could save on long term care life insurance needs.

Painless Policy Procurement

Traditional paper application is an outdated way buying life insurance today, 60% of insurance companies sell their products via e-signatures and 20% plan to add this function in 2015.  This is great news for consumers as they can get everything done online through a web-based application!

As an independent broker, PFwise.com stays on the cutting edge of the life insurance industry's trends.  Contact us if you want to take advantage of any of the above big industry trends!

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