LINCOLN, Nebraska – Ameritas will now offer a new survivor life insurance product, Value Plus Survivor Index Universal Life Insurance…
Read moreProsecutors objected to the motion saying Robert Feldman doesn’t need to work because he’s living off his dead wife’s life insurance policy that was worth $751,000.
Life insurance activity growth slowed in May, but interest from those age 61 and older remained high.
Advisors should not be afraid to approach people and ask them about life insurance and other financial issues, Van Mueller said. Doing so could double or triple your appointments.
Expect even more digital acceleration while keeping empathy and a human touch throughout the life insurance purchase process.
LIMRA CEO David Levenson says record-breaking life applications and strong sales in April indicate that 2021 is poised to turn an outstanding first quarter into a year for the record books.
New evidence the Virginia Attorney General's Office has characterized as compelling could prove that a fatal Augusta County fire did not happen the way a jury was told it did more than two decades ago. Ledford is asking the Virginia Court of Appeals to grant a writ of actual innocence to clear his name and free him from a 50- year prison sentence.
May 29— Alonzo D. Middleton knows the value of hard work, taking what he learned from his humble farming roots in Orangeburg to become a successful businessman who served the local community he grew up in for more than 30 years. His start with Allstate began as early as 1985, with Middleton first serving out of an insurance booth in the old Sears Roebuck& Company…
An NAIC working group punted approval of a definition and data elements, which means accelerated underwriting data collection will be pushed back one year to 2024.
Overall, 7 in 10 life insurance carriers — including nine of the top 10 — reported increases in new annualized premium in the first three months of 2021.
A former North Augusta insurance agent and a Texas couple accused of fraud in obtaining life insurance policies valued at $4 million on a woman who was later murdered entered reduced pleas Monday in U.S. District Court in Columbia, S.C.
Death benefits paid by U.S. life insurers surged to a new high on an absolute basis in the first quarter as a resurgence of COVID-19 contributed to adverse mortality for several leading carriers, S&P Global Market Intelligence reported.
A state regulator group reversed course today and approved a definition of accelerated underwriting, and related data elements, after a torrent of criticism.
–Transamerica today announced the launch of new and enhanced employer-sponsored group disability and term life insurance. “The timing and expansion of our employer-sponsored benefits demonstrate Transamerica’s commitment to simplify the buying experience for employers and their financial professionals, and to develop solutions that help employees…
–North American Company for Life and Health Insurance ® now offers an indexed universal life insurance product that provides the death benefit protection only life insurance can offer, while accumulating potential long-term cash value for other purposes including to help supplement retirement income. Builder Plus IUL 3 is a new addition to North…
First Unum Life Insurance Company of America and Paul Revere Life Insurance Company will pay a $1.8 million penalty to New York State for violations of DFS’s Cybersecurity Regulation.
Several consumer groups are accusing life insurers of obstructing an effort by state insurance regulators to establish guidelines for accelerated underwriting.
Indexed life sales were back on the uptick in the fourth quarter 2020 while the death knell sounded for traditional universal life insurance. That was the word as Wink, Inc. released the fourth quarter 2020 life sales results.
Fitch Ratings-Chicago/New York-19 May 2021: Fitch Ratings has revised its rating outlook for the U.S. life insurance industry to stable…
AUSTIN, TX – May 19, 2021 – Lion Street, Inc. today announced that its Board of Directors approved a cash…
The state’ s Supreme Court Appellate Division recently struck down the rules known as Regulation 187 as being unconstitutionally vague. In a new Best’ s Commentary,“ Regulation 187 Overturned by Division of New York Supreme Court,” AM Best notes that the ruling also could lead to more life insurance sales, though N.Y. regulators could still appeal the decision.
Moody’s Investors Service moved its outlook for the U.S. life insurance sector to stable, one year after the COVID-19 pandemic…
People who complained to the Insurance Division or the Iowa Attorney General said they couldn’t get through to Transamerica, an investment, retirement and life insurance company, to check on their investments, make transfers or seek payouts after the death of a loved one.
May 17— A judge has delayed until October the trial of two people accused of plotting a Bismarck man's death, granting a defense attorney request for more time to review new information submitted to them. Howard, of Bellwood, Ontario, and Entzel, of Bismarck, face murder conspiracy, arson conspiracy and other charges in connection with the death of Chad Entzel, 42,…
As many Americans return to post-pandemic normalcy, life insurers are as well, with many companies curtailing or eliminating underwriting restrictions that have been in place since March 2020.
Most people recognize the need for life insurance but many of them still don't have it. People offer a variety of rationales for remaining uninsured. But these reasons may just be myths.
“These behaviors make it clear that to achieve sustained growth, insurers cannot rely on global disasters to boost uptake of life insurance,” according to a Deloitte report.
USAble Life, an insurance company based in Florida and Little Rock, will pay $90,000 to settle a retaliation discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission, the federal agency announced today. According to EEOC's lawsuit, USAL first received notice around March 26, 2018 of the complaints of an employee in its Little Rock…
Wendy Judd, 47, was charged with felony grand theft following an investigation by the California Department of Insurance. In the Madera case, the Department of Insurance opened an investigation after receiving a referral from the insurance company where Judd worked. “The investigation showed that between March 2014 and January 2015 she collected $20,982 in…
Year-over-year activity in April 2021 was up over April 2020 by an impressive 10.7% continuing strong growth in 2021, MIB reported.
Brighthouse continues to broaden distribution and grow life insurance sales, CEO Eric Steigerwalt said on a conference call with analysts this morning.
A former licensed insurance agent from Clovis was arraigned in Fresno Superior Court on Monday on charges of embezzlement in the misappropriation of consumers’ premium payments.
Strong sales of its buffered annuity, FlexGuard, helped Prudential continue its first-quarter shift away from interest rate-sensitive products and underpinned its strong financial showing.
American Financial is trying to figure out what to do with the billions it will have in excess cash after the sale of the Great American Life Insurance Co. in the second quarter.
May 4— The state doesn't have enough evidence to prove Earl Howard shot a Bismarck man in 2019 and must dismiss the murder charge against him, the prosecuting attorney said in court documents filed Tuesday. Howard in January 2020 was charged with murder and murder conspiracy, arson and arson conspiracy, and evidence tampering in the death of Chad Entzel, 42, of…
InsureSimpli provides instant quotes from the nation’ s top life insurance companies ST. PETERSBURG, FLA., USA- April 30, 2021- After years in the insurance industry and motivated by misinformation abou t the business, Jesse Hunkins has created insuresimpli.com to provide unbiased information for people seeking advice about life insurance an d retirement…
How can wealth managers broach the life insurance conversation with their clients? A panel of NAIFA members gave some insights.
DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group reported today that optimism among small and medium-sized businesses is the highest it’s been…
This decision could be appealed to the New York Court of Appeals, which is the state’s highest court. Additionally, the state may request a stay on the Appellate Division’s decision pending an appeal to the state Appeals Court.
Principal reported higher revenues across most of its business lines, lower expenses and higher assets under management (AUM).
(DENVER – APRIL 28, 2021) IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale…
As restrictions ease and face-to-face meetings begin to make a comeback, technology still can remain a vital part of the advisor’s practice.
The impact investment initiative aims o address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, affordable housing and community development.
Carriers are betting on a boom following the pandemic bust, so they are expecting to move more of their cash into riskier assets as economic conditions stabilize, according to Goldman Sachs’ 10th annual survey of carriers.
Grey’ s flagship New York headquarters will lead the business and be responsible for brand advertising, strategy, and integrated marketing efforts across channels. “We learned a lot about the team at MassMutual simply by how they conducted this review, so it’ s easy to see why they are consistently ranked among the world’ s most admired companies,” said Cory Berger,…
WASHINGTON, April 21– The American Council for Capital Formation issued the following news release:. The American Council for Capital Formation proudly announces that Susan K. Neely, President and CEO of the American Council of Life Insurers, has joined its bipartisan board of advisors. “Susan Neely has an impressive reputation for bringing positive,…
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. “At FEMA, our mission is to help people before, during and after disasters,” acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
CHESTERFIELD COUNTY, Va.– A devastating house fire left six people dead in Chesterfield County, Virginia. On Friday, shortly after midnight, a three-alarm fire gutted a house on Glass Road. Michelle Capell is suffering unimaginable pain, telling 8 News her world is shattered after losing six loved ones in the blink of an eye.
As COVID-19 travel restrictions ease, the future of association events will be a combination of in-person and virtual, said Kenneth E. Bentsen Jr., president and CEO of the Securities Industry and Financial Markets Association.
The U.S. life insurance industry recorded its largest year-over-year increase in direct and net death benefits in at least 24 years as excess mortality due to COVID-19 triggered an unusual volume of claims during 2020, S&P Global Market Intelligence reported.
The MIB Life Index reported first-quarter life insurance application activity showed its highest year-over-year, year-to-date and quarter-over-quarter growth since before 2018.
Among group life claimants, mortality rates were up 14% between January and April 2020, said Steve Rulis, vice president and group actuary with Munich Re, with mortality rates spiking during the months of April, November and December.
In a 2017 LIMRA survey, 50% of companies that responded said they were using automated underwriting. In a similar survey in 2019, 62% of carriers said they used automated underwriting while 64% said they were using accelerated underwriting.
John Hancock includes with each life insurance policy access to the Vitality program, a technology-based wellness program that rewards healthy habits. It’s a side of life insurance not often expressed — a light, even fun, and rewarding side.
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. “At FEMA, our mission is to help people before, during and after disasters,” acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
AUSTIN, TX – April 13, 2021 – Pensionmark Financial Group and Lion Street, Inc have entered a partnership focused on…
Even with increased interest, there are 102 million uninsured and underinsured Americans who believe they need to buy life insurance or to increase their coverage. This represents 40% the adult population. The question is why don’t they buy?
Police say Jimmy Lee Murphy, 32, took out a $650,000 life insurance policy on his wife weeks before her death. Whitney Murphy, 26, was killed by gunshot in October 2014.
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. “At FEMA, our mission is to help people before, during and after disasters,” acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
Diversity is more than simply bringing more people of color into an organization, Derrik Anderson, executive director of Race Matters, said during this week’s NAIFA Diversity, Equity and Inclusion Impact Week.
