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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.
Before recommending a fixed index universal life insurance product to your client, make sure you know exactly what that product offers
Operating income for 15 U.S. publicly traded life insurers declined 10 percent in 2016, a development with far-reaching implications, Fitch Ratings reported.
Pacific Life bested rival Transamerica as the top seller of indexed universal life (IUL) insurance sales in the fourth quarter 2016.
MetLife beefs up small-group benefits by adding life and disability options. Employers are fee to mix and match the benefits that suit them best and pay through tiered options.
A record 30 percent of individual life insurance policyholders own a mix of term and permanent life, an increase of 12 percent in six years.
Seventy-nine percent of Americans have never hired an advisor, according to a new study commissioned by the Million Dollar Round Table. Survey shows Americans who have used an advisor are much better prepared to invest for retirement.
Indexed universal life (IUL) sales dipped 1.3 percent to $534.5 million in the fourth quarter 2016 compared to the year-ago period. The drop was due primarily to declines from two sellers, according to industry tracker “Wink’s Sales & Market Report.”
Lincoln Financial will pay a $1.5 million fine to settle a case of unfair claims settlement practices brought by New York State regulators.
Another insurer agrees to use the Social Security Administration database to search for beneficiaries who might be owed benefits.
Allianz tells analysts it will continue to focus on fixed indexed annuity sales in the U.S. in the face of declining variable annuity sales.
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