Insurer Consolidation Will Benefit Advisers

The expected consolidation of life insurers will benefit advisers, because doing business with several large companies instead of many smaller ones reduces administrative costs and product overload, insurance industry analysts said.

The recently announced merger of Jefferson-Pilot Corp. in Greensboro, N.C., and Lincoln Financial Group in Philadelphia could signal the start of a string of similar deals in the next six months, analysts said, as other insurers seek scale to compete.

Insurer Consolidation Will Benefit Advisers
Source: Investment News (subscription required)