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LIMRA Launches New Tools to Help Life Insurers Adopt AI

"Whether developing AI in-house or with a vendor, these resources are designed to help companies make informed decisions regarding AI adoption, LIMRA said. These turnkey frameworks include comprehensive cost benefit analysis templates that can help leaders identify the potential benefits and risks of the various strategic paths when considering AI. [LIMRA's AI Governance Group (AIGG)] plans to release several more industry frameworks this year."

LIMRA Benchmarks In-Plan Guarantee Market for 2012

"As of December 2012, defined contribution (DC) in-plan guarantee assets totaled $2.2 billion ... 1.8 million participants currently have access to in-plan guarantees in their DC plans.... [M]ore than a third of Americans with DC plans would be interested in purchasing an in-plan guarantee product."

LIMRA Predicts Retirement Income Opportunity Reaches $22 Trillion by 2020

"In 2010, U.S. households age 55+ held $12 trillion ... Based on U.S. Census projections, the assets held by this cohort will grow to $22 trillion that they will directly invest in products for generating retirement income. The number of Americans who receive income from an employment-based pension plan is on decline, and there will be many more retirees who will have most of their retirement assets invested in retirement plans. The study estimates that almost two-thirds of these assets will be directed towards products that will generate income for them in retirement."

LIMRA Study Finds Most Small Businesses Do Not Offer Employee Benefits

"Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two decades of LIMRA research.... 78 percent of small businesses in the U.S. are family-owned. Family-owned firms experienced a sharper decline in benefit penetration between 2005 and 2012 than non-family-owned firms, with only 40 percent of these businesses offering insurance benefits in 2012 (compared with 47% in 2005)."

'Gates Have Opened' for In-Plan Annuities, LIMRA Analyst Says

"Legislative changes, product development and an enthusiastic industry are opening the gates to annuity products inside retirement plans.... Complexity and availability remain the two biggest hurdles ... Thirty percent of advisors said the products are 'difficult for a sponsor to understand,' while another 28% said 'products are not available on all recordkeeping platforms.' Not surprisingly, better-educated advisors is a big key to connecting lifetime income products with eager plan participants."

Most Employees Find Retirement Income Projections Helpful, According to LIMRA Survey

"Of those employees who found the retirement income estimates less than 'very helpful,' 45% said they did not understand the calculations behind the projections or were not confident in the accuracy of the results. Two in five said the information was too hypothetical, and 17% said the projections didn't capture all of their retirement savings."

Why People Buy Annuities: LIMRA Research that Examines the Motivations (PDF)

Quarterly U.S. Retail Annuity Sales Top $120 Billion for the First Time

"Total U.S. annuity sales increased 5% to $121.2 billion in the third quarter of 2025, marking the eighth consecutive quarter of $100+ billion in sales and setting a new sales record. Year to date (YTD), annuity sales totaled $347.0 billion, up 4% year-over-year, according to LIMRA's U.S. Individual Annuity Sales Survey, which represents 92% of the total U.S. annuity market."

What Will It Take to Double Annuity Sales by 2030?

"[R]eframing the conversation -- from 'annuities' to 'protected income' -- has helped shift public perception. Consumers may not love the word 'annuity,' but they value guaranteed income and financial protection. Even younger investors are paying attention. LIMRA research shows that: Nearly 60% of emerging affluent investors (ages 25 -- 45) are familiar with annuities. 7 in 10 would consider converting savings into lifetime income."

Disability Insurance Awareness Month: Is Your Income Protected?

"[A recent LIMRA study found] more than half (51%) say they would rely on their personal savings should they lose the ability to earn an income, and ... more than a quarter (26%) would draw from their retirement savings accounts ... [J]ust 55% of employees can say definitively whether their employer even offers disability insurance, and less than half of workers say they have a strong understanding of these benefits."