Gulf News

Vast market

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The market for life insurance in the US is vast. About half of Americans own some form, but only a third own individual policies, which are more profitable than group policies they could get through work. The most common reason people list for not buying life insurance is cost, according to Limra, an insurance industry research group. to their full line of products, but they have not had spectacula­r success with the product so far,” said Steven N. Weisbart, chief economist at Insurance Informatio­n Institute, a trade group.

Response

If we can collective­ly help our customers live just a bit longer, it’s quite advantageo­us for us as a company.” Brooks Tingle | President and chief executive of John Hancock Insurance

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