Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Consumers See Life Insurers As Safer Than Credit Card Companies

X
Your article was successfully shared with the contacts you provided.

U.S. consumers may be less likely to fear the possibility that life insurance companies will tank the economy than they are to fear that six other types of financial services companies will cause disruption.

Analysts at Prudential Financial Inc. have published data supporting that possibility in a summary of results from a recent online survey of 2,058 employed U.S. adults ages 18 and older.

(Related: Trump’s Treasury Proposes ‘Too Big to Fail’ Changes)

Prudential asked survey participants whether life insurers or six other types of financial services companies pose “a lot of risk” to the economy.

The other six types of companies were credit reporting agencies, banks, mortgage brokers, online trading platforms, hedge funds and private equity funds, and credit card companies.

The participants rated credit card companies as the companies most likely to hurt the economy: about 27% of the participants said credit card companies post a lot of risk to the economy.

Life insurers came in at the bottom of the list: Just 12% of the participants said life insurers pose a lot of risk.

The companies with the next-lowest risk ratings were credit reporting agencies and banks.

About 22% of the participants said banks pose a lot of risk to the economy, and 22% said credit reporting agencies pose a lot of risk.

—Read U.S. Is Said to Plan Freeing AIG From Systemic-Risk Designation on ThinkAdvisor.


— Connect with ThinkAdvisor Life/Health on
Facebook and Twitter.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.