-Today, John Hancock announces a major step forward in significantly streamlining the life insurance buying experience through a strategic collaboration with Human API, a leading health data platform, offering a simple, digital way for consumers to share access to their electronic health records in real time. Radically simplifying that process and…
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Fraudsters Eyeing Life Insurance And Retirement Accounts
Until 2017, most financial criminal activity targeted banking institutions and credit cards. But the LIMRA Secure Retirement Institute reported in its analysis of a federal consumer survey that with more than $42 trillion in investible assets in the U.S., criminals have turned their attention to life insurance and retirement accounts.
That's the mantra that inspires Carolina Panthers quarterback Cam Newton and ” The Cam Newton Foundation” as they work to enhance the lives of young people in the Charlotte, North Carolina area and around the country. Nationwide will contribute $25,000 to The Cam Newton Foundation. The player who received the most votes by Jan. 12, 2020 received the $25,000…
Bill Would Bar Insurers From Using Genetic Information In Florida
Insurance companies would be barred in Florida from using genetic information now widely available through such popular services as23andMe and Ancestry, under legislation filed Thursday by a leading House Republican. Insurers oppose the legislation, though, as another regulation that could disrupt the insurance market in Florida.
Insurers Ponder Product Design Amid New Reserve/Mortality Regs
On Jan. 1, the 2017 Principle-Based Reserving and Commissioners Standard Ordinary Table both took effect. Insurers had three years to meet the new standards, but some were certainly more prepared than others, one actuarial expert said.
Jackson National Life Insurance Company, Jackson National Life Distributors, LLC, and Jackson National Life Insurance Company of New York will pay $20,500,000 to 21 complainants and furnish other relief to settle the EEOC's claims in a race, national origin, and sex discrimination and retaliation lawsuit brought by the U.S. Equal Employment Opportunity…
How Insurers Can Win Over Gen Z Consumers
Insurers must figure out how to appeal to Generation Z without alienating consumers of older generations. Members of Gen Z want to buy what they want, when they want and how they want. This group is totally online, mostly mobile.
In addition to first-degree murder, Joshua Lee Hunsucker was indicted Monday by a Gaston County grand jury of additional felony charges of insurance fraud and obtaining property over $100,000 by false pretense. Jordan Green, an attorney for the fraud investigations unit of the North Carolina Department of Insurance, said in a previous court appearance that…
Haven Life Announces Meaningful Growth In 2019
–Haven Life Insurance Agency, the customer-centric life insurance innovator backed and wholly owned by Massachusetts Mutual Life Insurance Company, is today sharing their anticipated 2019 Annual Report. Haven Life's Annual Report is not filled with spreadsheets and sales figures. Taking the high road Growing award-winning tomatoes Negotiating with…
Beneficiary designations can provide a relatively easy way to transfer an account or insurance policy upon your death. However, if you're not careful, missing or outdated beneficiary designations can easily cause your estate plan to go awry. We often complete these designations without giving it much thought, but they're actually important and deserve…
Gaston County Superior Court Judge Jesse B. Caldwell Jr. granted a temporary restraining order on Dec. 23, 2019, ordering that Joshua Lee Hunsucker not use the $250,000 he received from two life insurance policies shortly after the death of his wife, Stacy Robinson Hunsucker, to post his $1.5 million bail related to his first-degree murder charge.
Ohio National Unveils ‘Enhanced’ Virtus IUL II Product
–Ohio National Financial Services is pleased to announce an enhanced indexed universal life insurance product that features affordable death benefit protection paired with expenses among the lowest in the industry for accumulation focused IULs. Four index accounts and a fixed account so policyholders can allocate premiums to fit their needs A…
The Penn Mutual Life Insurance Company, a Fortune 1000 Company, introduces a new Guaranteed Whole Life SM insurance product that provides an array of options for a lifetime of security. The product’ s built-in features, including a customized payment period, can offer peace of mind for policyholders and their beneficiaries. “We are excited to introduce this new…
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…
Top 5 Life Insurance Stories Of 2019: IUL Tops The List
Regulatory concerns about the marketing and long-term viability of indexed universal life insurance policies made plenty of news in 2019. Those topics were among the most-read stories we published during the year.
2020 JAN 01– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– New York Life, America’ s largest mutual life insurer, and Cigna, a leading global health service company, announced that they have entered into a definitive agreement whereby New York Life will acquire Cigna’ s group life and disability insurance business for $6.3 billion.
