Glass half full: seismic shifts in the life insurance industry: Opinion

October 25, 2016 by Arthur D. Postal

It is not coincidental that LIMRA recently released a study indicating that 30 percent of U.S. households lack life insurance coverage at the same time that MetLife announced its decision to spin off its sputtering life insurance business.

This was a landmark decision. MetLife started out as a life insurance firm in 1860, but it is this unit that is being spun off as Brighthouse Financial.

Both are red flags because life insurance serves multiple purposes. Up until the 1980s, it was seen as a must-buy product for all consumers.

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Originally Posted at LifeHealthPro on October 25, 2016 by Arthur D. Postal.