Life

Why are fewer people buying life insurance?

Insurance expert Dr. Puneet Prakash weighs in.

After peaking in 1971, the percentage of families covered by life insurance has dropped steadily, from a high of 85.4% to 59.4% in 2019. Financial experts say life insurance is still a “huge need.” So why don’t more people buy it?

Dr. Puneet Prakash, professor in the finance and risk management department at Missouri State University, offers a few reasons why to Policygenius.

Environmental Responsibility

We share our customers’, agents’ and employees’ commitment to environmental stewardship. We encourage Doing Good for the environment, and we share our progress in our biannual Corporate Social Responsibility ReportOpens in new Tab.

Solar Power

Over 2,500 solar panels on our Montpelier, VT campus, 500kw on our back field and 73kw on our roof provides nearly 15 percent of the main office power demand during summer months.

Renewable Thermal Energy

Our primary winter heating system is fueled by locally sourced woodchips, which saves 200,000 gallons of fuel oil and the associated 2,240 tons of carbon emissions per year. A solar hot water system supplies about half of the hot water used in our Vermont office.

Annuity

MORE BIG enhancements to Allianz 360SM Annuity effective July 5, 2023

We have more great news for your clients seeking guaranteed income. Starting today, we have made additional enhancements to Allianz 360SM Annuity and its 360 Benefit rider.

Important: What You Need to Know About NAIC’s New Best Interest Requirements in Illinois

Effective August 1, 2023, Illinois will implement new best interest requirements based on model regulations adopted by the National Association of Insurance Commissioners (NAIC).

Wealth

MORE BIG enhancements to Allianz 360SM Annuity effective July 5, 2023

We have more great news for your clients seeking guaranteed income. Starting today, we have made additional enhancements to Allianz 360SM Annuity and its 360 Benefit rider.

Important: What You Need to Know About NAIC’s New Best Interest Requirements in Illinois

Effective August 1, 2023, Illinois will implement new best interest requirements based on model regulations adopted by the National Association of Insurance Commissioners (NAIC).

Asset-Based Long-Term Care

MORE BIG enhancements to Allianz 360SM Annuity effective July 5, 2023

We have more great news for your clients seeking guaranteed income. Starting today, we have made additional enhancements to Allianz 360SM Annuity and its 360 Benefit rider.

Important: What You Need to Know About NAIC’s New Best Interest Requirements in Illinois

Effective August 1, 2023, Illinois will implement new best interest requirements based on model regulations adopted by the National Association of Insurance Commissioners (NAIC).

Marketing Corner

MORE BIG enhancements to Allianz 360SM Annuity effective July 5, 2023

We have more great news for your clients seeking guaranteed income. Starting today, we have made additional enhancements to Allianz 360SM Annuity and its 360 Benefit rider.

Important: What You Need to Know About NAIC’s New Best Interest Requirements in Illinois

Effective August 1, 2023, Illinois will implement new best interest requirements based on model regulations adopted by the National Association of Insurance Commissioners (NAIC).