Brooke Insurance Recognizes
Life Insurance Awareness Month
Brooke Insurance says investments in life insurance policies continue to grow
Deciding on how much and what type of life insurance to buy is one of the most important financial decisions people make, but that decision can also be very complicated. Therefore, it is vital to choose an insurance agent that will conduct a thorough analysis on your needs and offer the best recommendations.
One of the benefits of working with a Brooke Insurance agent is that he or she has access to a number of the country’s top insurance companies. This allows them to offer their clients many different coverage options from which they can pick the plan that best suits each client’s insurance needs.
Brooke Insurance agencies joined other insurance agencies across the country in recognizing Life Insurance Awareness Month, which occurs each September. The Brooke agencies are pleased to offer information on the growing trend of life insurance policies.
According to LOMA – an international association, through which insurance and financial services companies throughout the world engage in research and education activities to improve company operations – the market for life settlements could reach $160 billion within the next several years, making this a hot topic of suitability, compliance, and ethical debate. This trend goes to show that more people realize the necessity and importance of a life insurance policy. The life insurance industry has steadily been experiencing growth and we will see the trend continuing to prosper for years to come.
Recent studies conducted by LOMA indicate several factors causing growth in the life insurance industry. The sales in these types of insurance policies are strong; especially since members of the Baby Boomer generation will soon be retiring, presenting great opportunities for the industry. Additional factors include regulation and legislation, including the optional federal charter, reform or repeal of the estate tax, principle-based reserve requirements and annuity disclosures.