Life Insurance News

RSS

News, trends, sales data, and helpful peer advice for life insurance professionals, including insurance agents.

More Stories

Because all life insurance products were required to shift to the 2017 Commissioners Standard Ordinary (CSO) mortality table by December 31, many companies reported increased sales of products using the 2001 standard as they rushed to beat the deadline in the fourth quarter.

–Integrity Marketing Group, LLC, today announced it has acquired LifeSmart Senior Services, Inc., a Medicare marketing organization based in Chicago, Illinois. As part of the transaction, founder Richard Kozlowski will become an owner in Integrity. “We got into this business because we wanted to help people, and Integrity's values reflect that same commitment,”…

NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, today announced a strategic collaboration with John Hancock to significantly streamline the life insurance buying experience. Through its longstanding relationship with John Hancock, NFP will have access to…

–Aon plc and Willis Towers Watson today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. 4. “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,” said Willis Towers Watson…

New bipartisan legislation could go a long way toward helping seniors pay for late-life care through favorable tax changes, say officials with the Life Insurance Settlement Association. The bill would allow seniors to sell their life insurance policies and use the proceeds, tax-free, to pay for their health care costs.
Exclusive

The National Association of Insurance Commissioners will be holding a full-day special session of the nations’ chief state insurance officials on March 22, 2020, to discuss state response and coordination around COVID-19.

Mar. 5– The 46- year-old mother of two missing children, last seen in September, will be extradited tonight from Kauai to Rexburg, Idaho. Lori Vallow, also known as Lori Daybell, stood–arms crossed and legs shackled wearing orange jail garb and brown-rimmed glasses–this morning before Kauai Circuit Judge Kathleen Watanabe. Kauai Prosecutor Justin Kollar told…

A GoFundMe request for funeral expenses following the recent Milwaukee shooting emphasizes the need for life insurance advisors to provide solutions to “regular” families. Don’t be afraid to prospect in your everyday life. Someone might one day thank you for it.

The state Assembly passed a bill 78-0 last week banning STOLI and sent it to the Senate, which previously introduced the legislation. The Democratic caucus is leading the effort in both houses and Gov. Phil Murphy, D, is likely to sign the final product.

A jury will decide the fate of Durham billionaire Greg Lindberg and two of his associates. During closing arguments in Lindberg’s federal bribery trial, jurors on Tuesday heard a prosecutor argue that hours of secretly recorded conversations show “the enthusiasm by these men to buy an insurance commissioner.”

New research finds the vast majority of respondents would opt to share real-time wellness data with insurance companies through wearable devices in exchange for ongoing financial benefits like a lower life insurance premium or wellness rewards.​​ In fact, 85% say a lower life insurance premium would incentivize them to live a healthier lifestyle.