Paid-up additions (PUAs) are a remarkable feature of whole life insurance that can dramatically enhance the value of your insurance policy.These additions allow policyholders to increase both the cash value and death benefit, making them a crucial component of any comprehensive insurance strategy.
Uninsured motorists pose a significant risk on the roadways, with recent auto insurance statistics revealing that over 15.4 percent of drivers nationwide lack coverage.This alarming figure highlights the growing concern of underinsured drivers, who also contribute to the complexities of auto insurance claims.
The ASNOA CRM partnership marks a pivotal moment for the insurance industry, as InsuredMine has been chosen as ASNOA’s preferred CRM vendor.This collaboration, established on August 3, 2023, aims to significantly enhance operational efficiency and customer engagement for ASNOA’s vast network of over 350 independent insurance agencies.
Black professionals in insurance represent a vital and growing segment of the industry, yet their presence in leadership roles remains a significant concern.As of 2024, Black individuals constitute 14.7 percent of the insurance workforce, reflecting a gradual increase over the past decade.
In the highly competitive landscape of the insurance industry, customer retention is paramount for businesses striving for sustained growth and profitability.Retaining policyholders not only fosters insurance customer loyalty but also reduces the costs associated with acquiring new clients.
Georgia insurance affordability is a growing concern as rising claim frequency and increasing insurer costs threaten the financial well-being of its residents.According to a recent issue brief by the Insurance Information Institute, the state’s below-average income juxtaposed with above-average insurance expenditures has led to Georgia ranking 42nd for affordable homeowners insurance and a staggering 47th for personal auto affordability.
Whole life insurance is a compelling financial product that offers a unique blend of security and growth potential for policyholders.Unlike other insurance types, whole life insurance not only provides a death benefit but also accumulates cash value over time, making it an essential component of effective retirement planning strategies.
Parametric insurance is emerging as a groundbreaking solution for communities grappling with the increasing frequency of natural disasters, particularly in the realm of flood insurance.Unlike traditional indemnity policies that require damage assessment post-event, parametric insurance offers rapid payouts based on predetermined conditions, such as rainfall levels or wind speeds.
Life insurance during pregnancy is an essential consideration for expectant parents looking to secure their family’s financial future.As pregnancy is a transformative life event, it often prompts individuals to evaluate their insurance options for pregnant women to ensure adequate protection.
