* Demonstrated earnings stability due to a diversified product portfolio that consists of
interest sensitive products, longevity and mortality blocks, along with health-related products.
Of course the markets want to hear the Fed will be pausing its tightening posture and may be done with hikes for the year (in contrast to the dots showing 2 increases) due to concerns over signs of slowing growth, weakness in
interest sensitive sectors, and tightening financial conditions (worries noted by Dallas Fed's Kaplan earlier).
Interest sensitive product charges increased five percent while traditional life insurance premiums increased two percent during the quarter.
Fee-based investment balances ended the quarter at $161 billion, up 3% year over year, while
interest sensitive assets expanded to $112 billion, up 11% from last year.
In broad terms, these estimates match the typical view of the interest rate channel that durable goods manufacturing and construction are the most interest-sensitive sectors and nondurable goods manufacturing and private service-providing industries are less
interest sensitive, with the overall economy somewhere in between.
For example, I was part of a team that developed a product described technically as "
Interest Sensitive Flexible Premium Adjustable Life with Cost of Living Increases." It was hard for competitors to top, but almost impossible to explain and nearly impossible to administer.
The growth in credit extension to households can be largely ascribed to prolonged and historically low interest rates in Namibia, allowing for the relatively cheap uptake of credit by
interest sensitive households according to IJG Securities.
Exporting industry is supposed to be an
interest sensitive industry, so such a high interest rate is discouraging exporters, resulting in a decline in the production of exportable.
The software is already in production and se2 and is processing policies for a variety of products, including term life, whole life, and
interest sensitive whole life.
In addition to the unbundled aspect of universal life and other non-variable
interest sensitive life plans of the day, the market interest rate credited to many of these plans was a big driver of UL's success.
AM Best has revised the outlook on the insurer's ICR because of its concerns related to the impact of spread compression on the group's
interest sensitive reserves due to the low interest rates in the country.
Gold Series
Interest Sensitive Single Premium Whole Life 813-287-1602 / www.SagicorLifeUSA.com
