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Life insurance underwriting reports are at the center of a class-action case involving allegations of mismatched medical and prescription records. Milliman denies wrongdoing, and the settlement awaits court approval.
Agents might take for granted that prospects and clients know the basics about life insurance, but a survey showed that they don’t even know that benefits are not taxed.
Marlene Debel, CFO for MetLife, has been appointed to lead the company’s Retirement & Income Solutions business, the company said.
Four life insurance agents in Southern California were accused of setting up fraudulent policies and collecting $1.9 million in commission.
Indexed universal life (IUL) sales kept overall life insurance sales in the black last year. Will it spur more companies to enter the market?
New York Life reported another successful year in 2017, with record operating earnings of $2.06 billion and a record $1.8 billion dividend payout.
Growth opportunities for life insurers this year are in group benefits, retail life insurance, pension risk transfer and some international markets, one analyst predicted.
Strong indexed universal life sales helped raise all leaky life insurance boats in 2017, according to LIMRA data.
Life insurance sales were down in all age segments, according to new year-over-year data, but was down the least in the younger segment. That could be good news for insurers.
Indexed universal life is “clearly where the action was,” said Robert A. Kerzner, CEO of LIMRA, in a quarterly briefing to members.
Bankers Life eschews loading up on first-year agents for a strategy that caters to experienced producers. It’s all part of a strategy designed by parent company CEO Gary Bhojwani.
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