Life Insurance News

RSS

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

Top Stories

More Stories

–Sun Life U.S. announced plans to move its Connecticut office to One Financial Plaza, also known as ” The Gold Building,” at the corner of Main and Pearl Streets in downtown Hartford. Sun Life will occupy 47,000 square feet of space in one of the largest, most prominent office towers in Hartford. “Hartford is one of the strongest markets in the world for insurance and…
An Ohio man is going to prison for fraud
Jason E. Adkins, 46, solicited victims from all over the country and world, authorities said.

According to court documents, Robert J. Mueller, allegedly pitched a scam that began be persuading investors to cash out annuities or individual retirement accounts to invest in funds Mueller controlled.
Nearly all insurers plan to maintain or increase staff over the next year.

In the next 12 months, 56% of companies plan to increase staff and 37% plan to maintain their current staff size. Technology, claims and operations roles are expected to see the greatest growth.

Pacific Life Insurance Company announced today that Darryl Button has been named CEO-Elect and will become president and CEO of Pacific Life, succeeding chairman, president and CEO Jim Morris, on April 1, 2022, upon Mr. Morris’ retirement.
A Maryland financial company allegedly sold insurance to clients who didn't ask for it.
Clients unwittingly bought insurance policies they didn't ask for, investigators said.

Former licensed insurance agent Robert Stoddard, 66, of San Clemente, Calif., was arrested after a Department of Insurance investigation found he allegedly stole over $1.2 million from more than 20 victims, including 14 seniors.

The pandemic has changed our lives in numerous ways. As a result of all the upheaval, many people are reassessing their priorities and thinking about early retirement. According to Pew Research, 28 million baby boomers retired in 2020 and a recent study found 39% plan to retire by 65, while 18% said they plan to retire by age 59.

Union County District Attorney Pete Johnson told Magisterial District Judge Jeffrey Mensch about 3:45 p.m. that Whaley was no longer available. Union County Coroner Dominick Adamo used Whaley's autopsy review in ruling Nichols' death a homicide by acute verapamil toxicity. Nichols died at in the home the couple shared on Lamey Road in Millmont, Union…

Think you won't qualify for life insurance in retirement? “It's easier to qualify than in the past as underwriting has gotten better,” says Rafael Rubio, president of Stable Retirement Planners in Huntingdon Woods, Michigan. Term policies tend to have a maximum age limit, typically 85 years old, says Greg Klingler, director of wealth management at the Government…
The LIBOR rate is going away.

LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.

The increase, which will be implemented next month, September 2021, will impact nearly 30% of the company’s 1,200 employees across Maryland, Texas, and Florida. The current minimum wage in Maryland is $11.75, $7.25 in Texas, and $10.00 in Florida. The current minimum wage at Atlas Restaurant Group is $12.00.
Image shows a computer graph projections.
Fitch Ratings showed some optimism in its 2024 credit outlook for personal auto and life insurance.

The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.