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

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Image shows Kyle Busch
Racing legend Kyle Busch, 41, died suddenly Thursday.

The sudden death Thursday of 41-year-old racing icon Kyle Busch has reignited an intense debate regarding the role of indexed universal life insurance in financial planning.
Image shows a picture of Greg Lindberg against a backdrop of money and a gavel. Judge grants government $1.5M forfeiture from Greg Lindberg.
More than 43,000 checks were issued to policyholders affiliated with Greg Lindberg-controlled North Carolina life insurance companies.

More than $150 million from the sale of a key asset tied to Greg Lindberg’s insurance empire has been distributed to policyholders with uncovered claims.

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The study objectives are to present the Term Life Insurance development in United States, Europe and China. The key players covered in this study Allianz AXA Generali Ping An Insurance China Life Insurance Prudential PLC Munich Re Zurich Insurance Nippon Life Insurance Japan Post Holdings Berkshire Hathaway Metlife Manulife Financial CPIC Chubb AIG…

March 26– Mar. 26– Sears has ended life insurance benefits for eligible retirees, one of the final links to the days when the company promised generous benefits to take care of its workers. It’s unclear how many Sears’ retirees will lose coverage, but the company paid about $16.6 million in premiums for eligible retirees for the year that ended Dec. 31, 2017,…

Six insurance industry professional associations and four life insurance carriers have joined forces to address issues that affect the industry. The leadership teams of the associations have been meeting regularly since 2016 to discuss “what we might be able to do in the spirit of better communication, collaboration and ultimately perhaps even consolidation,” said Warren May of Principal Financial.

March 25– Mar. 25– ST. JOSEPH, Mich.– Renee Burrington was shaking, holding a framed picture of her sister as she stood before Berrien County Trial Court Judge Gordon Hosbein. She had waited a year and a half for this day, to address the man found guilty of killing her sister in August 2017. John Lewis, 49, was sentenced to life without the possibility of parole Monday in the…

March 25– Mar. 25– Thomas McKown, a 27- year-old ex-Marine, drove off one night in a Chevy Chevelle from his home on Fontana Ave. in Chesapeake, Va., and simply never returned. Cora McKown, 22, a lithe brunette who favored hip-hugging pencil skirts and stiletto heels, went door to door, asking about her husband. The McKowns married in 1965 in Cora’s native southern…

–Milliman, Inc., a premier global consulting and actuarial firm, announces the results of a first-of-its-kind, industry-wide study that examines insurers’ experience with combination products– those that couple life or annuity policies with Long-Term Care or Chronic Illness riders. The study, which includes data from 11 insurers focused primarily on…

Boston Consulting Group, a management consulting firm, issued the following news release, dated March 18:. After decades of limited innovation, distribution is on the cusp of major change, which will unlock benefits for all stakeholders, according to a joint research report from Boston Consulting Group and Morgan Stanley Research, Reinventing Life Insurance…

–MoneyLion, America’s most powerful financial membership designed to help the hardest-working Americans save, borrow and invest, today launched the industry’s first health tracker for finances, the Financial Heartbeat. Similar to smartwatches and fitness wearables, the MoneyLion Financial Heartbeat simplifies the tracking and understanding of one’s…

Ask someone why they’re investing for retirement, and they’ll usually give two answers: to cover post-retirement living expenses and to help provide for a spouse after they’re gone. But what if “gone” comes far earlier than you expect? Term life insurance is a great but often misunderstood safety net.

Indexed life sales for the fourth quarter were $617.4 million, up more than 16.8 percent compared with the third quarter, and up more than 7.2 percent compared to the fourth quarter 2018. Annual indexed life sales were over $2.1 billion.

The LIMRA study reported fourth-quarter new premium was flat, compared with fourth quarter 2017. Policy count was flat in the fourth quarter and for the year. This is the third consecutive quarter of flat policy count and the second consecutive year without policy growth.

Norman Pennington, 61, testified he initially thought Roxanne Guty, 51, was joking when she offered to pay him to kill her husband, Arthur Guty Jr. Pennington said sometime in September, Roxanne Guty first asked him to kill her husband. He testified when he told he’ d need a. 22 caliber rifle that would cost around $275, Roxanne Guty gave him $300 about 10 to 15 minutes…

New York Life, America’ s largest mutual life insurer, today announced strong financial results for 2018, marked by record company highs in surplus, life insurance and annuity sales, and operating earnings. “Our outstanding results underscore a focus on delivering consistently strong financial performance that enables us to keep our promises to customers…

Genworth Financial Inc. is laying off about 80 employees, including 21 workers at the company’s corporate headquarters in Henrico County. Genworth is temporarily suspending the sales of individual long-term care insurance and income Assurance Annuity products through brokerage general agencies. Genworth is being acquired by China Oceanwide Holdings…

Putnam County could soon offer a more substantial life insurance policy for law enforcement and emergency personnel. In just the past four months in Tennessee, two police officers and one paramedic have been killed in job-related incidents. A Sullivan County deputy was shot while doing a welfare check at a home in Blountville, a Chattanooga police officer was…
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African-Americans view life insurance as more than a means to pay for final expenses. They are increasingly looking to life insurance as a way to transfer wealth and leave a legacy, according to a New York Life study.

March 07– Mar. 7– Jacquelyn Smith had been cautious with money all her life, recalled her older brother, Marcel Trisvan. Yet upon marrying Keith Smith, the electrical engineer who always chose cars that “she knew she could get 20 years out of” became indulgent, Trisvan said. Keith Tyrone Smith, 52, now stands accused– alongside Valeria Smith, 28, his grown daughter from a…

–Crump Life Insurance Services and SelectQuote, an Overland Park, Kan. and San Francisco- based direct marketing organization, today announced the start of a multi-faceted strategic relationship that will bring much needed life insurance and retirement protection coverage to more distributors, businesses and consumers. We believe combining the resources…