Private long-term care insurers are expected to pay $34 billion in long-term care claims in 2032. This is an increase of 415 percent from the $6.6 billion in long-term care claims made last year…
The retirement space is getting crowded. No, we’re not talking about retired baby boomers hogging the coffee lines at Starbucks or the discount window at the local movie theater. We’re talking about the latest retirement apps for download on mobile devices…
Out-of-pocket medical costs for critical illness, which average as much as $7,500, weigh so heavily on workers that they fear the financial impact of an illness even more than dying from one, according to a new report…
FBL Financial Group, the Iowa-based farm bureau life insurer with an exclusive sales force, attributed its 45 percent increase in net income growth to reforms in its distribution system…
Protective Life announced that second quarter net income rose 40 percent to $103.2 million, or $1.27 per share diluted, from $76.2 million, or 91 cents a share diluted compared to the year-ago period…
The effects of the 2008 financial crisis on insurers and policyholders were “generally limited,” but life insurers with variable annuities that include guaranteed living benefits and mortgage guaranty insurers were affected more than others…
Settlements between state regulators and the insurance industry are calling into question whether life insurers are doing enough to make sure they pay unclaimed death benefits and whether they follow the “best practice” doctrines corporations so often preach…
Genworth Financial’s boost due to a rebound in the housing market and price increases in the long-term care market…
The market for this specialized insurance is growing: the number of new CII policies rose to 634,074 from 422,029 two years earlier, according to the 2011 Critical Illness Insurance Survey…
A well-known indexed annuity expert is speaking out on bullying after her 16-year-old son committed suicide last week in Iowa…
Principal Financial Group reported that second quarter net income increased by 33 percent to $222.3 million, or 75 cents per share, from $167.6 million, or 56 cents per share, in the same period last year…
Interest rates may be rising, but life insurance agents shouldn’t be looking for any interest rate bump-up in universal life policies just yet…
For all the time spent advising their clients about the future, it seems advisors could use a little help planning their own successions…
From the perspective of a financial advisor talking to clients about retirement, the baby boom generation is the most bifurcated market with which they have ever dealt. There was no market quite like it before, and there will be none like it again…
The number of top-100 life insurers with agent- or producer-focused mobile apps has more than doubled in two years to 27, and that number is expected to rise as more carriers add new tools and features, according to a new report…
New York’s recent report blasting so-called shadow insurance through captives as “financial alchemy” is the subject of push-back from some concerned advisors…
Net income at Symetra Financial, the Bellevue, Wash., life, annuities and benefits carrier, rose to $45 million, or 34 cents per share, from $43.8 million, or 32 cents a share, in the same period last year on the strength of fixed indexed and deferred annuities…
Sellers of health insurance plans are joining private health care exchanges where they can offer group buyers the most local expertise and “density,” said Joe Swedish, chief executive officer of health insurer WellPoint…
UnitedHealthcare Group’s decision to double the value of its contracts with accountable care organizations (ACOs) over the next five years is a big private-payer endorsement of the latest value-based health care delivery model…
