Repositioning life insurance from a protection product to a wellness benefit is a win for both carriers and consumers.
Total new annualized premium increased 10% year over year to $17.5 billion in 2025, according to preliminary results from LIMRA’s individual life insurance sales survey.
Artificial intelligence presents an opportunity to bridge a skills gap between older, more tenured insurance professionals and the younger counterparts the industry often struggles to recruit.
Sen. Bernie Sanders, I-Vt., is proposing legislation to eliminate the estate tax. Called the For the 99.8% Act, it would raise $2.2 trillion from the nation’s 588 billionaires. The proposal comes two days after Senate Republican leadership proposed a bill to repeal the estate tax.
The deadline for Genworth Financial Inc.’ s proposed $2.7 billion acquisition by a China- based investment company is being delayed yet again as the companies continue to seek regulatory approvals for the deal. Henrico County-based Genworth and China Oceanwide Holdings Group Co. Ltd. said late Wednesday that they have agreed to extend the deadline for the…
New analysis finds that just 26 percent of the total life insurance coverage needed is being met. The result is $70 billion in lost premiums for the industry. The report found that insurance companies are missing out on an average of $785 in annual life insurance premium payments per person who requires insurance coverage in the U.S.
Accenture has integrated RGA’ s AURA ® underwriting rules engine into the Accenture Life Insurance and Annuity Platform, making ALIP the first such platform to provide an out-of-the-box option. “Until now, underwriting time and capacity constraints have impeded the progress of fully underwritten and simplified-issue life insurance products,” said Patti…
MetLife will pay retroactive benefits to policyholders in New York State and elsewhere totaling more than $189 million. The insurer has already paid $123 million of the approximately $189 million to consumers whose group annuity benefits had been lost or delayed.
Traditionally, customers buying insurance products and financial services have had little or no voice in the purchasing cycle. Up until now, this approach has enabled carriers to retain business, despite the plethora of offerings in the marketplace. That is changing — and fast.
According to a new LIMRA Secure Retirement Institute study, 79 percent of American consumers are concerned about financial fraud with 36 percent saying they were very concerned. The report, Financial Fraud and Retirement Accounts: An Opportunity to Engage, Educate and Build Trust, noticed that levels of concern vary significantly across the different types…
Jan. 29– The stepmom of slain businessman Howard Pilmar said the victim’s wife– on trial for his murder after 23 years– was matter-of-fact when she called his father in Arizona with the tragic news. “She said Howard was the victim of a homicide,” Carol Pilmar told jurors on Monday at the Manhattan Supreme Court trial of Roslyn Pilmar, who is accused of plotting and…
An aging population and a greater need for retirement income are factors behind the prediction.
You and your firm should have one goal – make sure the client wins!
Richard Dabate, the man accused of killing his wife in their Connecticut home in 2015, rejected a plea deal Thursday in Superior Court. Days after Connie Dabate’s killing, Richard Dabate attempted to claim more than $400,000 in life insurance, prosecutors allege.
AM Best has commented that the Credit Ratings of Protective Life Corporation and its insurance subsidiaries remain unchanged following the announcement that it has entered into a reinsurance agreement to acquire approximately $20.0 billion of life and annuity liabilities of insurance subsidiaries of Great-West Lifeco, Inc.. Under the terms of the…
The business to be transferred, which has been marketed under the Great-West Financial brand, includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities, and a portion of Great-West’s closed block life insurance and annuities.
Accessible $25 K minimum face amount Consumer protection so premiums paid one month early or late will have no adverse impact to intended guarantee– avoids unnecessary catch-up premiums. 3,4 Predictable and convenient fluidless underwriting for up to $1 million in coverage for clients age 50– 69 Enhanced cash surrender value rider at no additional cost. 5.
Detroit Tigers first baseman Miguel Cabrera’s off-field fiasco has finally come to an end as a Florida judge has ordered him to pay $20,000 a month in child support to an ex-mistress he fathered two children with and pay off her nearly $1 million mansion by July.
The Milwaukee Brewers ballpark will be renamed when MillerCoors’ naming rights expire following the 2020 season. MillerCoors says the rights to Miller Park will go to American Family Insurance beginning in 2021.
LIMRA is expects U.S. individual life insurance sales to rise 3 percent to $15 billion this year. Growth will be primarily driven by gains in disposable income and bond rates, coupled with low unemployment, the research organization reports.
–AmeriServ Financial, Inc. reported fourth quarter 2018 net income of $1,928,000, or $0.11 per diluted common share. For the year ended December 31, 2018, the Company reported net income of $7,768,000, or $0.43 per diluted common share. Jeffrey A. Stopko, President and Chief Executive Officer, commented on the 2018 financial results: ” AmeriServ Financial achieved…
“With Bermuda’ s leadership position within this industry, it is paramount to have a strong presence at ReFocus to continue raising our profile and attracting further interest from prospective clients,” said Jereme Ramsay, Business Development Manager for Risk Solutions at the BDA.“ The content and audience offer a natural fit for Bermuda- based carriers and…
Some relatives of people whose cremated remains were found among hundreds in a Detroit funeral home say they would have loved to bury them in marked graves but couldn’t afford traditional funeral services. They’re among the many poor families in the U.S. who have been priced out of funerals and burials. Their stories help explain how two Detroit funeral homes now under scrutiny ended up having so many remains and why the families didn’t notice.
