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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 Posts 4Q Net Loss of $514M on Life Insurance, Media Charges

February 8, 2012

Lincoln National posted fourth-quarter 2011 net loss of $514 million, driven by a $747 million non-cash goodwill impairment charge on the life insurance and media businesses…

The Principal Compares A Bucket Strategy With A Systematic Withdrawal Strategy

February 8, 2012

To help financial professionals determine which approach is right for each retiree, the Principal Financial Group is unveiling a new analysis of two common retirement income…

NY Rep. Grimm Voices Strong Opposition to Anti-Religious Obamacare Mandate

February 8, 2012

Michael Grimm joined colleagues in sending a letter to Health and Human Services Secretary Kathleen Sebelius strongly opposing the rule mandating religious-affiliated organizations that offer health insurance to cover contraceptives, sterilizations, abortificacients, even it is a clear…

Health Care Spending On End-Of-Life Treatment Is Irrational

February 7, 2012

Mercury News reporter Lisa Krieger’s compelling, poignant tale Sunday of her father’s final 10 days of life and the extraordinary hospital costs they entailed should be required reading for all…

Prudential, 7 States Settle Death Master File Probe

February 6, 2012

Prudential Insurance has entered into a $17 million settlement with seven states to help conclude an investigation into how the company uses the Social Security Administration’s Death Master File to find life insurance policyholders who have died…

Sales of New York Life’s Gtd. Future Income Annuity Continue to Surge

February 6, 2012

Premiums thus far exceed $230 million with sales commencing only since July, making it the fastest growing annuity product solution in the company’s history…

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What’s the Best Age to Purchase Life Insurance?

February 6, 2012

Many clients often question which age is the best age to look into this policy and, to be honest, there is no specific age; there are, however, a few factors that can hint towards what time is the right time…

MetLife: Parents Have Limited Awareness of Recommended Pediatric Dental Care

February 6, 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. David Guarrera, DDS, vice president, MetLife Dental Products…

New Federal Proposals Will Make Annuities More Available To Workers

February 4, 2012

American workers will be better able to access annuities and address their lifetime retirement security needs under a series of steps taken today by the U.S. Treasury and Labor Departments, said the American Council of Life Insurers (ACLI)…

MetLife Runs Its First-Ever Super Bowl Ad

February 3, 2012

MetLife, Inc., a leading global provider of insurance and employee benefit programs, and the title sponsor of MetLife Stadium, announced it will run a 30- second Super Bowl ad that will feature the Peanuts characters and dozens of other celebrities never before seen on TV together…

Starr Lawsuit Charges Feds Unlawfully Took Over AIG

February 3, 2012

Starr International has amended a lawsuit against the federal government, alleging the government’s 2008 takeover of American International Group was illegal, and a way for the government to covertly funnel billions of dollars to other financial institutions…

MetLife Shifts Two Top Executives as Part of Ongoing Reorganization

February 3, 2012

MetLife is continuing with the reorganization it started last November by shifting two top executives to different roles at the company…

‘Death Master’ Investigation Results in National Settlement With Prudential

February 3, 2012

Calif. Insurance Commissioner Dave Jones announced they have negotiated a multi-million dollar settlement, along with Florida, Illinois, New Hampshire, North Dakota, Pennsylvania and New Jersey, with Prudential Insurance Company…

Guardian Life Insurance Rolls Out New Disability Insurance Product

February 3, 2012

The economic and societal forces that have transformed the medical profession over the past decade open the door to new approaches to income protection, according to The Guardian Life Insurance Company of America, which announced a new offering recently…

Cigna President: HealthSpring Buy Will Let Company Compete Post-US Health Reform

February 2, 2012

Cigna Corp.’ s acquisition of HealthSpring will enhance the company’s ability to compete in a post-U.S. health care reform market, says a top executive at Cigna…

Brunswick Ga. Could Get Low-Cost Health Care

February 2, 2012

Gateway Behavioral Health Services has been awarded a planning grant through the U.S. Health Resources and Services Administration and is in the process of gathering public input on the proposed center, said Barbara Meyers, Gateway administrative director…

Liberty Life Changes Name to Athene Annuity & Life Following Merger

February 2, 2012

Liberty Life Insurance Co. has changed its legal name to Athene Annuity & Life Assurance Co. and will operate under the brand name Athene Annuity…

Sen. Casey Introduces Bill to Clarify Tax Treatment of Life Insurance Contract Transactions

February 2, 2012

Robert Casey, D- Pa., has introduced legislation to amend the Internal Revenue Code of 1986 to “clarify the tax treatment of certain life insurance contract transactions.”…

Liberty Life Insurance Company Renamed, Will Now Operate as Athene Annuity

February 1, 2012

Liberty Life Insurance Company, a retail fixed annuity and reinsurance provider, today announced it had changed its legal name to Athene Annuity & Life Assurance Company and will operate under the brand name Athene Annuity…

Pacific Life Sells Bank Subsidiary to Investors

February 1, 2012

The parent company of Pacific Life Insurance Co. has completed the sale of its subsidiary, College Savings Bank to a syndicate of investors…

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