Life Insurance News

Starting a family brings joy, responsibility- and the need to plan for the unexpected. Life insurance may not be the first thing on your to-do list, but it plays a crucial role in protecting your family's future. For example, if your annual salary is $75,000, it makes sense to consider a policy with a $750,000 death benefit.

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…

2025 SEP 10– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ METLIFE EXECUTIVE INCOME PROGRAM” by Heidi C. Constantine Metropolitan Life Insurance Company, representing Metropolitan Life Insurance Company.

The Credit Ratings were first placed under review on 23 August 2024, following the announcement that Solidarity Group Holding B.S.C. (c) agreed to purchase the operations of BNI and Bahrain National Life Assurance Company B.S.C. (c) for a total purchase price of BHD 75 million. The completion of the acquisition of 100% of the shares in BNI by SGH and BNL by SGH’ s…

ST. LOUIS— In the summer of 2010, Victoria R. Williams was looking into buying a $250,000 life insurance policy for her fiancé. In October 2011, her fiancé, Charles Harris III, was found shot to death at his home in north St. Louis County. Federal prosecutors said Williams worked with Michael Grady to carry out the scheme.

New York Life today announced the combination of its general account and third-party asset management businesses to create a global investment platform with approximately $785 billion in assets under management, effective Jan. 1, 2026. 1 The newly unified platform will bring together the full scale and capabilities of the firm’ s investment expertise…

New York Life announced today that Craig Sabal has been named chief investment officer of the company, effective Jan. 1, 2026. Sabal, who joined New York Life in 2020 as deputy CIO, will be responsible for the investment strategy, asset allocation, and management of New York Life’ s general account. Sabal will succeed Tony Malloy, who will be retiring in 2026 after a…

Symetra Life Insurance Company announced that Fortune ® magazine and Great Place to Work ® have recognized the company as one of the 2025 Best Workplaces in Financial Services& Insurance™. Symetra is No. 29 among the top 50 organizations in the large company category on the 2025 Fortune Best Workplaces in Financial Services& Insurance list.

Valmark Financial Group has announced a powerful new technology enhancement to its in-force life insurance business. The InForce Insurance Hub is supported by the broader infrastructure of Valmark’ s Policy Management Company and InForce Insurance Solutions Division. “The InForce Insurance Hub and its latest feature are game changers for Valmark Member…

iCover Direct announced results of a nationwide consumer survey revealing a significant lack of understanding among life insurance policyholders about their benefits.

BULLHEAD CITY— Farmers Insurance Jerry Thompson Agency celebrated the grand opening of his new office at 1788 Highway 95, Suite 22 in Bullhead City on Sept. 4. Members of the community, city officials, Laughlin Chamber of Commerce, Volunteers In Partnership and Bullhead Business Builders group attended the grand opening ribbon cutting ceremony.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company. These companies represent the life/health insurance subsidiaries of…

AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to“ a+” from“ aa-” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New…

September is Life Insurance Awareness Month and the perfect time to consider whether you have adequate coverage to protect your loved ones. While no one likes to think about what would happen if they weren't around, doing so is an act of love. Life insurance is fundamentally about protecting your loved ones should something happen to you.