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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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Lincoln National’s Wholesale Distribution Unit Hires CMO for New Position

February 21, 2012

Lincoln National’s wholesale distribution unit has hired Richard Aneser as its chief marketing officer, effectively immediately…

Three Agents Charged in Alleged STOLI Scheme

February 21, 2012

“The defendants conspired to reap the benefits of a scheme that defrauded insurance companies and lined their own pockets,” said the FBI Assistant Director in charge…

GEICO Asks: ‘Who’s the Funniest Fed?’ in D.C. Standup Comedy Competition

February 21, 2012

This year GEICO is proving that point by sponsoring D.C.’s Funniest Fed competition, a standup comedy contest for federal employees in the D.C. area…

Affordable Plans Don’t Cover Much

February 21, 2012

Millions of U.S. workers in retail or service jobs buy health insurance that have affordable premiums but offer little help should the worker become ill…

Washington State Denies Medicaid Provider’s Appeal

February 21, 2012

The Washington state Health Care Authority has declined Columbia United Providers’ appeal to continue serving 47,000 Clark County Medicaid patients…

Highmark, Verizon Pair Up On Pa. Exchange

February 21, 2012

Highmark is preparing the first network with Verizon that will allow hospitals and doctors across Pennsylvania to easily share the electronic medical records of millions of people…

As Corporations Leave Pensions Behind, Life Insurers Tap Pension Risk Transfers

February 21, 2012

U.S. life insurers are increasingly tapping into pension risk-transfers to help companies manage mounting financial obligations to retirees and future retirees in their defined-benefit pension plans…

Guardian Makes New Hire, Strengthens Voluntary Market Impact

February 21, 2012

The Guardian announced that Michael Martocci has joined the Group Benefits management team as 2nd VP, Worksite Markets…

Allianz Life Promotes Jasmine Jirele to Senior Vice President, Enterprise Operations

February 21, 2012

“As Allianz Life continues to expand and reach more customers in search of retirement solutions, it’s crucial that we have strong leadership for our customers and distribution partners,” said Cathy Mahone, chief administrative officer for Allianz Life….

Betty White Ad Shows Life Settlement Industry’s Attempt To Buck Niche Status

February 21, 2012

The life settlement industry is continuing to suffer after years of reduced investments, but the industry is working to fine-tune its image and become a more prominent part of retirement planning…

ACA: 2 W.Va. Liberals Fight Law; Want Insurance Firms Out Totally

February 20, 2012

Two West Virginia residents are among the people and groups who filed a brief with the U.S. Supreme Court last week, arguing that uninsured Americans should not be forced to buy health insurance…

It’s An Era Of ‘Work Til You Drop’ For Boomers

February 20, 2012

Boomers have had the misfortune of retiring at a time when stock market crashes diminished their nest eggs and companies began eliminating defined benefit pensions…

How a Routine Life Insurance Examination Can Save Your Life

February 20, 2012

In a number of cases, the lab results of a routine checkup uncovered something far more sinister—a serious illness that the policyholder was not aware they had…

Federal Investigators Take Look At Highmark’s Acquisition Plans

February 19, 2012

Federal investigators are scrutinizing the proposed acquisition of West Penn Allegheny Health System, Pittsburgh, Pa., by Highmark to determine if it violates antitrust laws…

US Life Insurers Shift Gears Amid Volatile Economy

February 17, 2012

High equity-market volatility, low interest rates, sluggish U.S. economic growth and the evolving eurozone debt crisis continue to weigh heavily on the investment portfolios of U.S. life insurers…

Bipartisan House Bill Outlines State Minn. Insurance Exchange

February 17, 2012

1In a rare display of bipartisanship, three powerful Republican House committee chairmen have signed on to a DFL bill to establish a health insurance exchange for Minnesota, a required but controversial piece of the Obama administration’s health care law…

Montana’s High-Risk Pool Out Of Funds

February 17, 2012

Montana’s federally funded health insurance “high risk pool” for the hard-to-insure will blow through its initially allocated $16M this year, and needs another $6 to $7M to cover its 2012 costs…

Impassioned Opposition To Weakening Health Mandates

February 17, 2012

Near tears, a Merrimack, N.H., woman pleaded with Senate budget writers not to end state health insurance mandates that have helped her 4-year-old autistic son regain his functions…

Fla. Man Convicted of Medicare Fraud Could Get Sentence Reduction

February 16, 2012

Imprisoned since 2008, Castillo is finally collecting his reward from the feds for supplying them with inside information to take down at least seven other Medicare fraud offenders…

Former Vanguard Executives Acquitted in Fla. Hurricane Cat Fund Fraud Case

February 16, 2012

Four former executives of now-defunct Vanguard Fire and Casualty Co. have been acquitted of federal fraud charges stemming from how the property/casualty insurer was reimbursed by the Florida Hurricane Catastrophe Fund during the 2004 hurricane season…

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