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Regulators and industry representatives are inching closer to a middle ground to save the controversial multipliers and bonuses that many blame for rosy indexed universal life illustrations. Regulators held another call Tuesday to discuss amending Actuarial Guideline 49 to tighten up illustrations.

–Term insurance plans may be preferred for their low premium charges, but they typically only offer death benefits to the nominee of the deceased policyholder. In case the life assured survives the policy, no benefits are paid out to the investor. Rolled out to investors in November 2019, the Dual Protect Option ensures that the premiums paid by the policyholder…

Every year, millions of dollars in life insurance benefits go unclaimed because beneficiaries are unaware of the coverage or don’t have basic information about the policies. The level of knowledge about life insurance policies varies according to generational cohort.

New York Life revealed the 60- second advertising spot to air during the Super Bowl on Sunday. The film, titled Agápē, launches New York Life’ s new“ Love Takes Action” campaign, a celebration of the company’s first 175 years, and will air during the first and second quarters.

Accelerated underwriting holds the promise of being able to cut the agent’s time spent selling a $500,000 policy from 20 hours to roughly five, one industry expert says. That could mean a lot more policies sold to a middle market that is woefully lacking in life insurance coverage.

Euri Jenkins cried in court when his lawyer told him that his murder trial– he’ s accused of hiring a hit man to kill his pregnant wife– will be postponed for three months over a juror shortage. Palm Beach County Circuit Judge Kirk Volker reset the trial to begin April 13, after the jury pool this week dwindled to inadequate numbers. Prosecutors say Euri Jenkins, 33,…

–Keeping with its commitment to innovate, Edelweiss Tokio Life Insurance has unveiled another comprehensive unit linked insurance plan called Wealth Secure+, which offers flexibility, no premium allocation charges, and means to meet both short-term, and long-term financial goals. Co-created with Policybazaar, Wealth Secure+ leverages customer…

A federal appeals court recently ordered the United States to make good on a structured annuity the former Executive Life Insurance Company of New York (ELNY) was paying to a burn victim. The decision calls attention to the security of long-term annuity promises when an insurance company goes out of business.

The California Consumer Protection Act took effect Jan. 1 and sets a high bar for data privacy — and has potentially significant impacts for insurers and policyholders. For instance, it could make it harder to legally defend lawsuits, a San Francisco lawyer said.

Jan. 22– Stocks have already hit record highs in 2020 and the nation's strong economy presents a variety of investment opportunities for middle-class Americans looking to grow wealth, pay off debt, or invest for the future, according to Massachusetts financial planners. They recommend the following tips for maintaining your financial health this year.

LIMRA is realigning in response to a rapidly changing insurance environment. The association found that its members needed more tools to be efficient in their services and better informed in their product development. LIMRA has already introduced new platforms to help companies in this challenging market.

A June court order directed the department to take control of four life insurance companies, which Greg Lindberg acquired in recent years and then operated as Global Bankers Insurance Group. Lindberg and several associates are accused of trying to bribe state insurance commissioner Mike Causey.

–Knights of Columbus, a Best's Review Top 50 U.S. Protector NLG Universal Life is available for purchase in the United States and Canada for individuals between 50 and 80 years old. More information about the Knights of Columbus insurance program can be found here: www.kofc.org/insurance.

Closed blocks of business can be a thorn in the side of life insurers. Whether a result of discontinued products or included in a merger or acquisition, these policies remain active and must be serviced, but over the long haul, they may have become very unprofitable.

LIMRA today announced three dynamic speakers to talk about what future customers will expect, what diversity and inclusion looks like and how technology will change customer expectations at the upcoming Distribution Conference.

LIMRA is now offering My Products, a dashboard that filters data from its Life Compass tool, to allow companies to “compare individual life insurance products with similar competitors’ products, boosting their ability to track their own performance and adapt to evolving market conditions.”

NEW YORK–(January 14, 2020)–Equitable, a leading financial services company and subsidiary of Equitable Holdings (NYSE:EQH), today announced it is rebranding…