As the low interest rate environment continues to grind on, financial consultant A. Gary Shilling notes that with rates unable to go any lower, investors are still hungry for yield, and after being stung so badly by the market meltdown of 2008 and 2009, they are finally willing to take higher risks to get the returns they want. And while little has been said of the harm low rates are causing (ask any insurer about it), Americans might start saving more to reach their lifetime goals. That, in turn, might make them more likely to buy the kinds of products that speak to a savings mindset. Whether that transformation will come in time to help insurers, though, remains to be seen.

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