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The US life insurance and annuities market is experiencing a shifting landscape. Protect and grow your book of business and your clients' financial wellbeing by staying ahead of these five trends.

1. Legislative and administrative updates

What significant changes should you expect in the insurance industry if the additional fiduciary regulations proposed by the Department of Labor (DOL) pass?

2. Product updates

How will the 2025 sunset of The Tax Cuts and Jobs Act impact your clients' estate tax exemptions? What policies can help mitigate the tax impact?

3. Technology and innovation

Could state-led prohibitory orders against the use of artificial intelligence (AI) have ramifications on product pricing?

4. Markets and economy influence

If market volatility continues, the demand for insurance products is likely to increase. What products are insurers moving to as they adapt?

5. Mergers and acquisitions

Mergers and acquisitions are picking up the pace. How are major indexed annuity mergers reshaping the landscape?

With many changes in play, it's important to stay abreast of the key areas that may significantly influence the US life insurance and annuity space in 2024 and beyond. Read the report and connect with your Gallagher consultant to strategize.

ACCESS THE REPORT

Author Information

Jason Orlosky

Jason Orlosky

Head of Investment Strategy and Platform, Area Vice President, Financial Planning


Disclaimer

GBS Insurance and Financial Services, Inc., does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be use, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot ensure the accuracy or completeness of these materials. You should not treat any opinion expressed as a specific inducement to make a particular investment or follow a particular strategy. The information in these materials may change at any time and without notice. Although we may promote insurance products and strategies offered by insurance companies, financial professionals are ultimately responsible for the use of any materials or services and agree to comply with the compliance requirements of their broker/dealer and registered investment advisor, if applicable, and the insurance carriers they represent.

Gallagher Fiduciary Advisors, LLC ("GFA") is an SEC Registered Investment Advisor that provides retirement, investment advisory, discretionary/named and independent fiduciary services. GFA is a limited liability company with Gallagher Benefit Services, Inc. as its single member. GFA may pay referral fees or other remuneration to employees of AJG or its affiliates or to independent contractors; such payments do not change our fee. Neither Arthur J. Gallagher & Co., GFA their affiliates nor representatives provide accounting, legal or tax advice.

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