State Farm Ranks Highest in Individual Life Insurance; Nationwide, New York Life Tie for Highest in Annuity

Even as deaths associated with COVID-19 eclipse 200,000 in the United States, consumers don’t seem motivated to buy life insurance and life insurance customers are largely apathetic toward their insurer despite some standout performances. According to the J.D. Power 2020 U.S. Life Insurance Study,SM released today, a combination of infrequent client communications and a pervasive perception of high cost and transaction complexity have suppressed consumer interest and customer satisfaction with life insurance providers.

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J.D. Power 2020 U.S. Life Insurance Study (Graphic: Business Wire)

“The life insurance industry has a significant perception problem because, in the throes of a pandemic, consumers naturally should be more engaged with their insurer—but they aren’t,” said Robert M. Lajdziak, senior consultant of insurance intelligence at J.D. Power. “We’ve been observing a trend for several years that customer satisfaction with life insurance companies starts declining the moment a policy is purchased and continues to decline throughout the relationship due to a lack of policyholder contact from most insurers. The fact that insurers and agents have not been able to reverse this trend during a historic global pandemic speaks to the depth of the challenge the industry faces. Life insurance providers need to dramatically ratchet up their client communications efforts and demonstrate their value to their end customers—not just to advisors and sales representatives.”

Following are some key findings of the 2020 study:

  • Life insurance customer satisfaction flat year over year: The overall customer satisfaction score for life insurance providers is 763 (on a 1,000-point scale), up just two points from 2019. Annuity customer satisfaction increases to 778, also just two points higher than in 2019.

  • Customer

Identify which are the villains and kryptonites in your portfolio to become a financial superhero.

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

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Have you ever identified with a superhero ? Perhaps, with his strength, his intelligence, his speed, his speed, etc. Even as a child you probably dreamed of being a superhero, however, as the years go by, we lose that illusion and we realize that these things only exist in movies.

But have you ever thought that you have the possibility of being another kind of hero?

How about a hero who has the super power to make a lot of money?

Yes, something like a financial superhero .

I mean when you generate wealth from who you really are, from your financial superpowers, it is when your chances of success increase significantly and you feel that nothing can stop you.

When you are in control of your financial life, and that gives you a feeling of unmatched tranquility because you are prepared to face any adversity that the environment may bring.
You are protected, and that gives you the feeling of great personal power, even fulfillment.

And how can you work towards becoming a financial superhero?

First of all, you should work on identifying some of these points that I share with you below:

Your Unique Triggers: What is getting you down a financial path and what is getting you astray. I mean, maybe you find that you tend to make a lot of emotional expenses. Or, maybe you are very

TOKYO (Reuters) – Japanese trading house Mitsui & Co Ltd plans to sell its remaining stakes in coal-fired power stations by the end of the decade as it shifts to gas from coal to help achieve its 2050 net zero emission target, its chief executive told Reuters.

FILE PHOTO: People walk past the logo of Japanese trading company Mitsui & Co in Tokyo, Japan, Jan. 10, 2018. REUTERS/Toru Hanai/File Photo

“We still own stakes in coal-fired plants in Indonesia, China, Malaysia and Morocco, but our goal is to make it zero by 2030,” Mitsui CEO Tatsuo Yasunaga said in an interview on Friday.

The comment – Mitsui’s first on selling out of coal-fired power generation – comes as firms worldwide move away from coal to cut harmful carbon dioxide emissions and slow climate change.

Mitsui, which generates about two-thirds of profit from energy and metals, is also shifting away from oil.

“With the COVID-19 crisis, we have postponed investment in a few upstream oil deals, but our liquefied natural gas (LNG) projects are on track,” he said.

Through equity holdings, Mitsui’s energy assets comprise 78,000 barrels per day (bpd) of crude oil and 181,000 bpd in gas measured in oil-equivalent terms.

Its crude ratio will decline by 2030 due to the scheduled launch in about four years of LNG projects in Mozambique and arctic Russia, Yasunaga said.

“Renewable energy can’t replace all other power sources in one fell swoop. Gas goes well with volatile renewable energy as gas-fired power generation is easy to switch on and off,” he said, adding Mitsui is also keen on cleaner energy such as offshore wind farms and hydrogen projects.

Outside of energy and resources, Mitsui is betting on healthcare, especially through Malaysian hospital operator IHH Healthcare Bhd of which

ASHEVILLE, N.C., Oct. 7, 2020 /PRNewswire/ — Quility today announced the launch of its digital platform, designed to revolutionize the process of shopping for and purchasing life insurance. With a mission to provide choice and simplicity in an industry that is perceived to be complex, Quility provides the opportunity for its clients to get the coverage they need on their terms.

Quility is backed by more than 4,000 licensed insurance agents nationwide, a recent combination of partner companies Symmetry Financial Group and Asurea Insurance Services. With licensed agents available for virtual and in-person consultations, Quility provides its clients with convenient access to expert advice and support when shopping for and purchasing life insurance. If a client prefers to purchase a policy online, Quility provides a ten-minute digital application that generally requires no medical exam. Quility’s seamless digital platform offers support from a licensed agent throughout the process should a client have questions about coverage.

“We created Quility to meet our clients where they are, providing the power of choice in how they prefer to shop for and purchase life insurance,” said Casey Watkins, Co-Founder of Quility. “Whether it’s through a video consultation or our online application, our goal is to provide simplicity and choice every step of the way. Life insurance is so important, and we want to make it as simple as possible for American families to get the coverage they need.”

Quility insurance agents are available to connect clients with a suite of life insurance solutions including mortgage protection, term life insurance, and Debt Free Life, a turnkey program designed to eliminate debt in nine years or less without any additional expenses to the client.

About Quility
Quility uses innovative and proprietary technology to modernize the process of qualifying for and purchasing life insurance. The

By Simon Jessop

LONDON (Reuters) – Dutch lender ING <INGA.AS> has sharply cut the carbon emissions linked to its lending to the power industry over the past year after reducing funding to coal-fired power plants and boosting financing for renewable energy, it said on Thursday.

ING said it had reduced its direct exposure to coal-fired power plants by 22% and increased renewable power generation financing by 1.9 billion euros in 2019.

ING is part of a small group of banks seeking to lead the way in aligning a combined 2.4 trillion euros in lending with the 2015 Paris climate agreement, aiming to keep global warming well below 2 degrees Celsius above pre-industrial norms by 2050.

Along with BBVA, BNP Paribas, Standard Chartered and Societe Generale and non-profit think tank the 2° Investing Initiative, ING has begun developing science-based methods and tools to help them measure their impact and guide lending decisions.

A key aim of the group is to be open about their efforts, in the hope other banks will follow their lead. After an inaugural report last year, the report on Wednesday is the first time that ING has been able to evidence its year-on-year progress.

For each of nine high-emitting sectors, ING has defined a multi-year pathway over which the emissions-intensity of its lending – the level of emissions per unit of economic activity – must change in order to meet the climate goals.

The biggest improvement was in the impact of the bank’s lending to the power generation sector, where carbon intensity – measured by kilograms of CO2 per megawatt hour – was now 14.9% below the target pathway and ahead of schedule.

Steel and cement sector-linked emissions intensity were 0.6% and 0.9% below their pathways, respectively, although both form a relatively smaller part of the bank’s