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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.
Authorities say two former insurance agents defrauded nearly a dozen life insurers out of more than $300,000 in a massive scheme involving fraudulent life insurance policies.
Allianz Life Insurance sold $1.45 billion worth of hybrid variable annuities last year, the first time the product outsold traditional variable annuities, company execs report.
IUL sales in 2016 reached a record $1.86 billion and the forecast is for an even better year in 2017, according to analysts. Voya Financial is reaping the benefits.
The spinoff of Brighthouse Financial, MetLife’s retail distribution arm, will take place sometime after the first half of the year.
Voya Financial credits new products, expanded distribution and higher agent productivity for strong first-quarter numbers.
Pilot programs for agent retention appear to be working at CNO Financial. The results show up on the company’s recent bottom line.
But it was the “agent story” at the company’s Liberty National subsidiary that caught the attention of the Wall Street number crunchers.
Lincoln Financial Group will raise prices Monday on new sales of MoneyGuard II, the company’s popular linked-benefit product. To qualify for current pricing, agents need to respond by 6 p.m. today.
In 2013, Jackson wrested the lead in variable annuity sales from Prudential. Jackson hasn’t looked back since.
Fidelity & Guaranty Life first quarter fiscal year net income soared 125 percent to $108 million on the strength of life and annuity sales and investment income.
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