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If there is one word to describe the insurance industry is has to be “vanilla.” There’s nothing particularly exciting about buying insurance on a car or one’s life. It’s pretty cut and dry. A real snooze-a-thon. That boring nature, however, is reserved for the insurance itself and perhaps for the agents doing the selling.

But for insurance industry stocks, boring equals exciting. And the sector is about to get even more interesting as the Fed tinkers with interest rates.

For investors and those looking to score growing dividends, insurance stocks could be the best bets for the rising rate environment.

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