The number of individuals owning life insurance has hit a 50-year low, according to a new study.

Only 44% percent of U.S. households have individual life insurance, according to the Trends in Life Insurance Ownership study, which is conducted every six years by LIMRA, Windsor, Conn.

U.S. life insurance sales rose 7 percent in the three months ended June 30, the second straight quarter of growth, as clients returned to buying policies after a slump last year.

Peter Katt, a fee-only life insurance consultant based in Mattawan, Mich., has bought $6 million worth of life insurance, as much as insurers will allow him to get based on his income and net worth.

The life insurance industry’s use of so-called retained asset accounts is getting an airing in Seattle, where state insurance commissioners have gathered.

Royal Bank of Canada is seeking a buyer for a bulk of its US life-insurance arm a decade after it acquired the unit as part of an ambitious strategy to sell financial services in the world’s largest economy.

People approaching retirement may suddenly realize that they do not have enough money to live the lifestyle they have always dreamed of after working most of their lives. Life insurance may prove to be a good solution for people who find themselves in such a predicament.

Kyobo Life Insurance Co., South Korea’s third largest, plans to increase investments in U.S. leveraged loans on a bet that yields overstate the risks of corporate default.

Genworth Financial Inc. shares dropped more than 15% Friday on concern about higher lapse rates in the company’s life insurance business.

New York Attorney General Andrew Cuomo is launching a fraud investigation into the life insurance industry for “practices that appear to have denied grieving military families and others of millions in life-insurance cash,” Cuomo’s office announced Thursday.

CSC /quotes/comstock/13*!csc/quotes/nls/csc (CSC 45.12, -1.06, -2.30%) today announced that its Wealth Management Accelerator and CyberLife software for life insurance and annuity providers received “Positive” ratings in Gartner’s MarketScope for North American Life Insurance Policy Administration Vendors report, authored by Steven Leigh, a Gartner principal analyst.