NU Online News Service, Feb. 10, 2005, 2:24 p.m. EST
Leaders of an Atlanta financial services group predict 2005 will be challenging for life insurers.[@@]
When editors of the in-house magazine at LOMA asked LOMA board members for their views about the coming year, many of the board members said they expect sales of universal life and variable annuities to be particularly strong.
Many of the board members also agreed that the recent investigations of broker compensation packages could have a big effect on future compensation and disclosure practices.
Views about variable universal life insurance and long term care insurance were mixed. Some LOMA board members expect sales of those products to continue to be soft, but others are predicting that sales of those products will pick up.