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John Hancock, the US division of Toronto-based Manulife, announced a new protection variable universal life insurance product, Protection VUL, is now available for sale from all approved distribution partners.
Shane Westhoelter was in his early 20s, selling life insurance policies with $5,000 and $10,000 death amounts door to door in a small town when he found his “why.”
Ohio National executives today announced an expansive reorganization plan to demutualize the company. The deal includes the conversion of Ohio National Mutual Holdings to a stock company and the issuance of all of its newly issued stock to Constellation Insurance Holdings.
If Chubb absorbs Hartford in the $23 billion deal, it will mark the final stage for a company known to many over the decades as The Hartford, a favorite across the life insurance and property/casualty markets.
In the fourth quarter, total life insurance new premium dropped 8%, compared with the record-breaking sales results in fourth quarter 2019. Total policy sales were up 2% in the fourth quarter, according to LIMRA’s U.S. Individual Retail Life Insurance Sales Survey.
GOP senators reintroduced the Death Tax Repeal Act of 2021 Tuesday, while Rep. Jason Smith, R-Mo., introduced companion legislation in the House of Representatives. Republicans have persistently introduced legislation to repeal the estate tax, without success.
COVID-19 forced insurance companies to take a new approach in how they deal with diversity and inclusion in their workforce, a panel said during a NAILBA discussion.