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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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MetLife: Parents Have Limited Awareness of Recommended Pediatric Dental Care

February 16, 2012

While 97% of parents of children ages five and under, with dental insurance, would rate their child’s oral health as excellent or good, many may actually be overly optimistic…

The High Costs of Birth Control

February 16, 2012

Today the Center for American Progress released an analysis finding that women without contraception coverage are forced to spend hundreds, if not thousands, in out-of-pocket costs on various contraceptive methods…

Co-CEO of Aon Hewitt Leaving Company March 31

February 16, 2012

Baljit Dail. co-chief executive officer at Aon Hewitt, is leaving the company March 31, global insurance broker Aon Corp. disclosed in a regulatory filing…

MassMutual Retirement Services Promotes One, Hires One

February 16, 2012

MassMutual’s Retirement Services Division is pleased to announce the promotion of John Budd and welcome Brian Mezey to its sales and client management organization, led by Hugh O’Toole, senior vice president…

Medicare Program; Reporting,Returning of Overpayments

February 16, 2012

This proposed rule would require providers and suppliers receiving funds under the Medicare program to report and return overpayments by the later of the date which is 60 days after the date on which the overpayment was identified; or any corresponding cost report is due, if applicable…

Ensuring Employee Health Insurance

February 16, 2012

Employers recognize that health insurance is a benefit that helps attract and retain quality employees – but the skyrocketing cost of healthcare premiums is forcing them to closely re-examine their plans, and many are investigating alternatives…

Two Pa. Supervisors Give Up Health Insurance Reimbursement

February 16, 2012

Butler Township, Pa., taxpayers will no longer pay for health insurance that two supervisors receive through their private employment…

Lifetime Health Insurance Taken Off Table

February 16, 2012

The Common Council OK’d an employment contract with the new city clerk Wednesday, after striking a tentative offer of lifetime free health benefits for Richelle Pasceri were she to hit the 20- year mark as a city employee…

Pan-American Life Names Jorge Enderica Regional VP of U.S. Life, Hispanic Markets

February 16, 2012

Pan-American Life Insurance. Mr. Enderica is recognized as an industry leader in the U.S. In his new role, Mr. Enderica will be managing the company’s U.S. Life and Hispanic Markets…

LIMRA: Strong 1H Propels 2011 Annuities to $240B

February 16, 2012

Total annuity sales increased eight percent in 2011, compared to 2010, to reach $240.3 billion, according to LIMRA’s fourth quarter 2011 U.S. Individual Annuities Sales survey, which represents data from 94 percent of the market…

Lack of Willpower May Be Obstacle to Improving Personal Health, Finances

February 15, 2012

Almost everyone living in America made a resolution to change some aspect of their behavior in 2012, according to a survey released today by the American Psychological Association…

Fed OKs Capital One’s Buyout Of ING Direct

February 15, 2012

After several unexplained delays, the Federal Reserve on approved a $9 billion acquisition by Capital One of ING Direct USA, paving the way for creation of the fifth-largest bank in the United States…

Indiana Anthem Blue Cross and Blue Shield Introduces New Deductible Credit Program

February 15, 2012

More and more Indiana consumers are looking for less expensive options for basic individual health care coverage and are asking what they can do to save on cost for their family’s health care coverage…

Benmosche: AIG Gaining Investment Insight Through Its Mortgage Insurance Arm

February 15, 2012

American International Group is using its mortgage insurance arm to gain insight into residential mortgage-backed securities, Robert H. Benmosche, AIG president and chief executive officer, said…

CSC Signs $25M Annuity Admin ITO Extension with John Hancock Financial

February 15, 2012

Under the $25 million agreement awarded during the first quarter of fiscal year 2012, CSC will continue to provide apps and infrastructure services for the carrier’s U.S. Wealth Management Division to support the admin of more than one million fixed and variable annuity policies…

Life Insurers’ Perception of Policy Administration System

February 15, 2012

Insurers’ perceptions of life and pension policy administration systems (PAS) and IT vendors differ across European regions…

LIMRA: Life Insurers Adopt Mobile Technology Initiatives to Serve Producers

February 15, 2012

Almost nine in 10 life insurers who have or plan mobile technology initiatives do so to meet growing producer demands and provide better support services; a quarter listed it as the top reason for adopting mobile technology into their business strategy…

Towers Watson: Pension Funding Levels Declined in All Major Global Markets in 2011

February 14, 2012

Despite some improvements in the fourth quarter of 2011, pension funding levels in major global markets dropped over the year due to declining discount rates and disappointing asset returns, according to Towers Watson’s latest Pension Index…

Tips on How to Create a Realistic Retirement Savings Goal

February 14, 2012

A general guideline among financial advisers is to plan on withdrawing four percent of your portfolio each year in retirement – using this guideline if you want to have an annual income of $40,000 in retirement and plan on living until age 90, you must save $1 million…

AIG to Help Raise Awareness of Disability Risk and Need for Planning, Income Protection

February 14, 2012

As a CDA member company, AIG Benefit Solutions joins 17 leading disability insurance providers in an industry-wide effort to educate Americans about the risk of disability and the importance of planning and taking responsibility for protecting their incomes…

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