The document discusses key trends in the life insurance industry. It covers topics like demutualization of insurers, convergence with other financial services, the aging agent force, the financial crisis's impact including declining consumer confidence, and what it takes to succeed in a life insurance career. Life insurance sales declined sharply in 2008 and 2009 due to the crisis, while fixed annuity sales surged as consumers sought safe assets.
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Bumbera naf presentation 7 1-09
1. Key Trends in the Life Insurance Industry STEVEN M BUMBERA, CLTC Financial Services Professional Agent, New York Life Insurance Co Sea Girt, NJ (888) 695-5565 [email_address] www.bumbera.net
18. Consumer Confidence in All Financial Institutions Has Declined 00381341 CV (Exp.03/09) Pct. of consumers with an “extreme amount” or July Oct Jan Apr “quite a bit” of confidence in… 2008 2008 2009 2009 Community Banks and Credit Unions 59% 32% 45% 43% National and Regional Banks 46 12 22 21 Insurance Companies 32 12 18 15 Mutual Fund Companies 31 9 12 12 Federal Government & Regulators 18 8 9 8 Stock Brokerage & Investment Firms 19 4 7 6 Financial Rating Agencies 17 4 6 4 Source: LIMRA (2009)
24. Questions? Q A & STEVEN M BUMBERA, CLTC Financial Services Professional Agent, New York Life Insurance Co Sea Girt, NJ (888) 695-5565 [email_address] www.bumbera.net
Notas do Editor
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
Since the emergence of the subprime market collapse more than a year ago, the financial markets have been extraordinarily turbulent. The government takeover of the giant mortgage lenders Fannie Mae and Freddie Mac, the acquisitions of Bear Stearns and Merrill Lynch, the bankruptcy of Lehman Brothers, the federal government’s loan to AIG, the conversion of the last two independent investment banks into bank holding companies, and the $700-billion rescue of the financial sector all have combined to fundamentally reshape the financial services industry to a degree not seen since FDR’s New Deal.
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