The IRS finalized a regulation Friday making clear that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can fully benefit from a new tax deduction. Under the regulation, owners and shareholders of insurance agencies and brokerages can take up to a 20 percent tax deduction on qualified business income.
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–Northwestern Mutual, a leading financial security company, announced today it has been named one of the “Best Employers for Diversity” for 2019 by Forbes magazine. “We’re honored to be recognized by Forbes for our efforts to build an inspiring, diverse and inclusive culture,” said John Schlifske, Northwestern Mutual chairman, president and CEO.
Jan. 16– MassMutual, which announced last year its departure from Enfield to Massachusetts, is selling its 435,000 square feet of office space on 66 acres. The real estate broker touts MassMutual’s proximity to Interstate 91 and Bradley International Airport and that it’s accessible to the Hartford and Springfield labor markets. Massachusetts Mutual Life…
Sometimes it’s not what they do, it’s what they don’t know how to do.
AIG Named Official Insurance Partner Of The PGA Of America
This includes the PGA Championship, KPMG Women’s PGA Championship and KitchenAid Senior PGA Championship. VALIC representatives will be available to meet with PGA Members in the Member Business Center at next week’s 66 th PGA Merchandise Show in Orlando. “We are very pleased to have AIG as the Official Insurance Partner of the PGA of America and several of our…
About 50 defendants — Irish Travelers and their associates — charged in a four-year federal investigation into white-collar fraud schemes that cheated life insurers, financial firms, credit agencies, car dealerships, and the state and federal governments out of millions of dollars.
Jury selection will begin in Manhattan Supreme Court in the trial of Roderick Covlin, who was charged in November 2015 with strangling financial adviser Shele Danishefsky Covlin, the 47- year-old mother of their two kids, on New Year’s Eve 2009.. She was found lifeless in the bathtub inside her Upper West Side apartment by their then 9- year-old daughter Anna.
NAIC To Reopen IUL Illustrations Guideline
Less than four years after producing Actuarial Guideline 49, the NAIC is ready to tackle indexed universal life illustrations yet again. An IUL illustration subgroup has a 2019 charge to “provide recommendations for modifications to AG 49.”
-Burns’ Legacy Includes Helping Position Company as a Leader in the FIA Market. Allianz Life Insurance Company of North America has announced that Tom Burns, chief distribution officer, will retire from the company, effective on April 15, 2019. Succeeding Burns is Eric Thomes, currently head of field marketing organization distribution for the company.
HORSHAM, PA. – January 7, 2019 – Penn Mutual, a Fortune 1,000 Company, introduces its latest permanent life insurance product,…
The board of directors of MetLife today announced that Michel A. Khalaf, president, U.S. Business and EMEA, will become MetLife’s president and chief executive officer on May 1, 2019. Steven A. Kandarian, who led MetLife through a period of significant change, is retiring.
In current assumption UL, the growth of the policy’s cash value is based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time. The unique policies have come under fire from some longtime clients who say the promises made at time of sale have not materialized.
If you or someone you care about is among America’s estimated 75 million baby boomers, there are a few financial facts and figures you should know. For one thing, middle-income boomers are carrying more debt into retirement than ever before. According to a recent study commissioned by Bankers Life Center for a Secure Retirement, middle-income boomers have…
AM Best Ranks UnitedHealth Group And Allianz As World’s Largest Insurers
AXA S.A. was ranked at No. 2 in each of the latest rankings. U.S.- based health insurance carriers and insurers in China continue to dominate the NPW ranking, accounting for six of the top 10 insurers. China Life Insurance Company showed a 14% gain and People’ s Insurance Company of China Ltd. gained 10%.
The purchase includes a long-term license to use certain Gerber Life intellectual property, including the Gerber Life name and logo, in connection with certain financial services. The deal brings a leading direct-to-consumer life insurer to Western & Southern’s diversified family of financial services businesses.
Ohio National Adds New Whole Life Product To Portfolio
–Ohio National Financial Services is pleased to introduce its new Prestige 20- pay, the company’ s fifth whole life insurance product, adding depth to its portfolio.* Design enhancements have also been made to its two other limited-pay whole life products, Prestige 10- Pay II and Prestige Max III.. “Ohio National now has five distinct whole life products to meet…
MIB Group recently signed an agreement with Epic to utilize its electronic health records system. Under the agreement, MIB’s 400 U.S. life insurance members will be able to access electronic health record (EHR) data via Epic’s Chart Gateway for life insurance underwriting.
