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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.
Several companies are competing to take over or reinsure all or parts of the troubled PHL Variable Insurance Co. business.
It is true that future market returns are relevant to how these policies perform, but the bigger issue is the caps on the upside, which are typically set by the insurance carrier.
In the indexed universal life space, the policy rider is the essential key to unlocking IUL’s dynamic utility.
Although the lifetime exemption under the One Big Beautiful Bill Act is described as “permanent,” in Washington that means until the next presidential election cycle!
A lawsuit by NASCAR star Kyle Busch against Pacific Life and an advisor over a poorly performing indexed universal life insurance policy moved to federal court Thursday.
The solution the industry needs now doesn’t require eliminating IUL. It requires fixing IUL.
A National Association of Insurance Commissioners task force agreed Thursday to recommend that 10 years of historical data be required to illustrate index components.
There has been a developing trend of cancers being diagnosed at earlier adult ages.
Life insurance new annualized premium increased 16% year over year to $4.3 billion in the third quarter, according to LIMRA.
Penn Mutual companies say Montana funeral directors who claim a premium financing “scheme” cost them millions were victims of bad advice.
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