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Life Insurance News

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

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Insurance Companies and Agents Fined in Washington State

February 26, 2012

The Washington state Office of the Insurance Commissioner issued the following news release:..

U.S. Supreme Court: ERISA for No. 1 Health Claim Denials and Litigations in 2012

February 26, 2012

In the wake of recent nationwide explosive insurer litigations, claim denials and auditing against healthcare providers solely due to alleged deductible and co-insurance waiver practice by providers, ERISAclaim.com offers healthcare executive compliance webinars…

Cancer’s Growing Burden: The High Cost Of Care

February 25, 2012

Patti Tyree was afraid that cancer would steal her future. But copayments for just one $18,000 round of breast chemotherapy and one shot of a nearly $15,000 blood-boosting drug cost her $2,000…

Health Care Reform Signals Uncertainty For Insurance Agents

February 25, 2012

The changes trigger concerns about whether insurance agents will have a role in the statewide exchange and how consumers will figure out which policy is best for them…

Prudential Capital Group Appoints Peter Pricco To Lead New Minneapolis Office

February 24, 2012

Prudential Capital Group appointed Peter Pricco to head its new Minneapolis office, which is expected to open during the 2012 third quarter…

Emergency Room Misuse Contributes To Overcrowding in Hawaii

February 24, 2012

Oahu’s neighbor islands have encountered difficulty finding hospitals on Oahu willing to accept transfer of care for complicated cases that they are ill-equipped to handle…

Benefits Broker Sees More Mergers Coming

February 24, 2012

Benefits broker just made its sixth acquisition in five years, and it expects looming changes to tax and health laws, to produce even more chances to snap up benefits brokers this year…

Gag Order Sought In Castlewood Lawsuits Over Brainwashing

February 24, 2012

Lisa Nasseff and Leslie Thompson, who stayed at Castlewood for treatment of eating disorders, have filed separate lawsuits against the center and its chief…

NAIC Subgroup Says Contingent Deferred Annuities Are a Life Insurance Product

February 23, 2012

MetLife argued CDAs are not life insurance but financial guaranty insurance while Prudential Financial contended they’re similar to a living benefit rider on a variable annuity…

ACA Provides Coverage For Nearly 50k Americans With Pre-Existing Conditions

February 23, 2012

The new health care law’s Pre-Existing Condition Insurance Plan program is providing insurance to nearly 50,000 people with high-risk pre-existing conditions nationwide…

Aetna Delivers Evidence-based Mind-Body Stress Management Programs

February 23, 2012

To help individuals deal with stress more effectively and to help employers reduce the impact of stress on their business, Aetna announced today the availability of two new mind-body stress reduction workplace programs– Mindfulness at Work™ and Viniyoga Stress Reduction…

LIMRA, LOMA Name Kevin McWhinney to Head International Sales

February 23, 2012

McWhinney will be responsible for developing and overseeing LIMRA and LOMA’s international sales force, building sales and membership in key markets throughout the world…

Desjardins Introduces Comprehensive Critical Illness Product

February 23, 2012

Desjardins Financial Security is offering a brand-new critical illness insurance product for employers who want to help their employees cope with the financial stress related to health problems…

Pacific Life Launches New Deferred, Fixed Indexed Annuity

February 23, 2012

Traditional fixed annuities fit the bill, but along with safety of principal, some clients also want the opportunity for greater growth than a traditional fixed annuity normally provides…

Longer Life Expectancies Make Many Rethink Retirement Planning Approach

February 22, 2012

Merrill Lynch Affluent Insights Survey finds individuals grappling with lifestyle trade-offs, rising health care costs and longevity when considering retirement income needs…

Federal Loans To Fund Wisconsin Nonprofit Health Insurer

February 22, 2012

The money is part of $3.8 billion included in federal health care reform to help start nonprofit health insurers, similar to cooperatives, to compete in the market for individuals and small businesses…

Companies Ignored N.Y. Brokers’ Group Self-Insurance Trusts Risk Warnings

February 22, 2012

Two Westchester insurance brokers said they warned clients that group self-insurance trusts handling workers’ compensation claims were too risky…

Annuity Inflows Down 20% in Jan. to $6.2B

February 22, 2012

The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) has released January information on annuity product activity in the market…

ING: Target Date Fund Investors More Confident In Reaching Retirement Goals

February 21, 2012

Nearly three-quarters (71%) of target date investors indicated that target date funds made them feel more confident that they were making sound investment decisions…

NAIC Approves AG 38’s Application to Life Products

February 21, 2012

NAIC’s joint working group voted in favor of an initial approach about how AG 38 should apply to certain UL with secondary guarantee and term UL products…

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