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Tigers slugger Miguel Cabrera, who for five years led a double-life with a mistress in Florida and fathered two children with her, has been ordered to provide those children with the same lifestyle and opportunities enjoyed by the children from his marriage. Cabrera, who makes $30 million a year and used to fly Rodriguez and their children around the country to…
Read moreWithin the last decade, the industry has striven to make e-delivery the standard. Protective Life began offering it in 2008, with most other insurers quickly following suit. But customers and demanding more efficiency and services all the time. Here are a few tips to improve e-delivery.
The appraisal of remaining term insurance as potential life settlement opportunities is an emerging trend. Concurrently, many of the agents who could have life settlement opportunities are unaware of life settlement due to a lack of education from their upline.
The National Insurance Producer Registry (NIPR) has launched new features to its popular mobile app.
The best thing an insurance agent can do is generate their own leads, but knowing where to start and what you need to make it possible can be scary and confusing. But you can generate your own leads, and the specific set of tools that you need, once you have them, will cost you more time than it will money.
Kevin Hogan, head of insurer AIG’s Life & Retirement division, discusses living to 100 and planning for retirement
April 19– Apr. 19– Since his playing days ended 12 years ago, Colin Young had settled into a comfortable retirement. The former Pentucket High and Fordham University baseball star, who went on to enjoy a nine-year professional career in the minors, was now spending his days working as an insurance salesman in Texas. Young got a call from the Padres the next day while…
Within the last decade, the industry has striven to make e-delivery the standard. Protective Life began offering it in 2008, with most other insurers quickly following suit. But customers and demanding more efficiency and services all the time. Here are a few tips to improve e-delivery.
Regulation 187 is set to go into effect on August 1, 2019, for annuity transactions and February 1, 2020, for life insurance transactions in the state of New York. After researching the regulation and having conversations with staff from the New York State Department of Financial Services and various carrier partners, Valmark concluded that it is ready to work…
The appraisal of remaining term insurance as potential life settlement opportunities is an emerging trend. Concurrently, many of the agents who could have life settlement opportunities are unaware of life settlement due to a lack of education from their upline.
Kemper Corporation announced that Cheryl Kingsfield Neal has joined the company as President of Kemper Life, effective today. Prior to that, she held multiple roles at Liberty Mutual Insurance including Executive Vice President and General Manager of Liberty Mutual Benefits, and President of Liberty Life Assurance Company of Boston.
From the day Coral Gables nurse Debra Clark was discovered strangled, beaten and shot inside her townhome, police had focused on one chief suspect: Allen Bregman, her older, married lover. Bregman, who was convicted Friday, immediately filed a life insurance claim on Clark.
U.S. life insurance application activity slowed down in March, largely because young people did not buy. Overall activity fell 4.9% year over year, according to the MIB Life Index. Part of the decline is attributable to March 2018 being such a good month, MIB explained.
Entrepreneur Greg Lindberg was indicted last week in what federal prosecutors said was a plot to bribe state insurance commissioner Mike Causey. Days later, Lindberg-owned Global Bankers Insurance Group said it is pursuing buyers for its U.S. life insurance companies.
Lawyers for a Montreal man convicted of stabbing a police officer at an airport in Flint, Michigan, have asked the judge to sentence him to 25 years in prison. Amor Ftouhi was convicted in November on several charges in the June 2017 attack. He could face life in prison, but in a Thursday court filing, his attorneys asked that he be sentenced to 25 years and that he should spend that time in solitary confinement.
(FALLS CHURCH, Va., April 11, 2019) – The National Association of Insurance and Financial Advisors (NAIFA) and the National Association…
MINNEAPOLIS – After enduring ongoing stock market volatility throughout all of 2018, Americans remain resilient in the face of persistent…
AM Best has placed under review with negative implications the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Colorado Bankers Life Insurance Company. Concurrently, AM Best has placed under review with negative implications the FSR of B and the Long-Term ICR of“ bb+” of Bankers Life Insurance Company. CBL and BLIC are…
MILWAUKEE, PRNewswire/ — For most families, caring for mom or dad as they age is not a family effort. According…
The National Insurance Producer Registry (NIPR) has launched new features to its popular mobile app.
BRYN MAWR, Pa., April 9, 2019 — The American College of Financial Services today announced that Wade D. Pfau, PhD,…
April 08– Apr. 8– As part of a plan to consolidate its employees into two locations in Massachusetts, this summer Massachusetts Mutual Life Insurance Company is closing its Ballantyne office and laying off about 160 people. The insurer is similarly closing offices in Connecticut, New Jersey, Tennessee and Pennsylvania, and moving positions in those offices to…
April 07– Apr. 7– HIGH POINT– You’ve probably heard stories about “the one that got away.” In this case, though, “the one that got away” takes on a whole new meaning– it refers to a High Point man who, more than 60 years ago, very nearly found himself on the victim list of a black-widow serial killer. According to newspaper accounts, only the first of her five husbands, an Alabama…
Nationwide Mutual Insurance issued the following news release:. Nationwide reported $47 billion in total sales, up nearly $500 million from 2017, in its 2018 annual report, released today. The company posted $26.9 billion in operating revenue and $1.3 billion in net operating income- more than doubling its NOI from 2017.
(FALLS CHURCH, Va.) – The National Association of Insurance and Financial Advisors has launched the NAIFA Limited & Extended Care…
Al Bundy would not be a good life insurance prospect, but Jay Pritchett would be a warm one. The two iconic television characters played by actor Ed O’Neill represent the hot and cold of prospecting, said Vikram Kamath, director of the LIMRA Center of Excellence for Analytics.
The American Council of Life Insurers issued the following news release:. American Council of Life Insurers President and CEO Susan Neely announced today ACLI’s support for the Retirement Enhancement and Savings Act that was introduced by Senate Finance Committee Chairman Chuck Grassley and Ranking Member Ron Wyden. Many of RESA’s key retirement…
Almost half of Americans (47 percent) say they are more likely to buy life insurance using simplified underwriting, which generally means getting coverage more quickly and without a medical exam, versus traditional underwriting approaches, according to new findings from the 2019 Insurance Barometer Study.
The study objectives are to present the Term Life Insurance development in United States, Europe and China. The key players covered in this study Allianz AXA Generali Ping An Insurance China Life Insurance Prudential PLC Munich Re Zurich Insurance Nippon Life Insurance Japan Post Holdings Berkshire Hathaway Metlife Manulife Financial CPIC Chubb AIG…
March 26– Mar. 26– Sears has ended life insurance benefits for eligible retirees, one of the final links to the days when the company promised generous benefits to take care of its workers. It’s unclear how many Sears’ retirees will lose coverage, but the company paid about $16.6 million in premiums for eligible retirees for the year that ended Dec. 31, 2017,…
Six insurance industry professional associations and four life insurance carriers have joined forces to address issues that affect the industry. The leadership teams of the associations have been meeting regularly since 2016 to discuss “what we might be able to do in the spirit of better communication, collaboration and ultimately perhaps even consolidation,” said Warren May of Principal Financial.
March 25– Mar. 25– ST. JOSEPH, Mich.– Renee Burrington was shaking, holding a framed picture of her sister as she stood before Berrien County Trial Court Judge Gordon Hosbein. She had waited a year and a half for this day, to address the man found guilty of killing her sister in August 2017. John Lewis, 49, was sentenced to life without the possibility of parole Monday in the…
March 25– Mar. 25– Thomas McKown, a 27- year-old ex-Marine, drove off one night in a Chevy Chevelle from his home on Fontana Ave. in Chesapeake, Va., and simply never returned. Cora McKown, 22, a lithe brunette who favored hip-hugging pencil skirts and stiletto heels, went door to door, asking about her husband. The McKowns married in 1965 in Cora’s native southern…
–Milliman, Inc., a premier global consulting and actuarial firm, announces the results of a first-of-its-kind, industry-wide study that examines insurers’ experience with combination products– those that couple life or annuity policies with Long-Term Care or Chronic Illness riders. The study, which includes data from 11 insurers focused primarily on…
Boston Consulting Group, a management consulting firm, issued the following news release, dated March 18:. After decades of limited innovation, distribution is on the cusp of major change, which will unlock benefits for all stakeholders, according to a joint research report from Boston Consulting Group and Morgan Stanley Research, Reinventing Life Insurance…
White Plains, NY…March 19, 2019 Amalgamated Life Insurance Company (www.amalgamatedlife.com), a leading provider of comprehensive insurance solutions, announced today its…
–MoneyLion, America’s most powerful financial membership designed to help the hardest-working Americans save, borrow and invest, today launched the industry’s first health tracker for finances, the Financial Heartbeat. Similar to smartwatches and fitness wearables, the MoneyLion Financial Heartbeat simplifies the tracking and understanding of one’s…
Ask someone why they’re investing for retirement, and they’ll usually give two answers: to cover post-retirement living expenses and to help provide for a spouse after they’re gone. But what if “gone” comes far earlier than you expect? Term life insurance is a great but often misunderstood safety net.
Indexed life sales for the fourth quarter were $617.4 million, up more than 16.8 percent compared with the third quarter, and up more than 7.2 percent compared to the fourth quarter 2018. Annual indexed life sales were over $2.1 billion.
The LIMRA study reported fourth-quarter new premium was flat, compared with fourth quarter 2017. Policy count was flat in the fourth quarter and for the year. This is the third consecutive quarter of flat policy count and the second consecutive year without policy growth.
Norman Pennington, 61, testified he initially thought Roxanne Guty, 51, was joking when she offered to pay him to kill her husband, Arthur Guty Jr. Pennington said sometime in September, Roxanne Guty first asked him to kill her husband. He testified when he told he’ d need a. 22 caliber rifle that would cost around $275, Roxanne Guty gave him $300 about 10 to 15 minutes…
New York Life, America’ s largest mutual life insurer, today announced strong financial results for 2018, marked by record company highs in surplus, life insurance and annuity sales, and operating earnings. “Our outstanding results underscore a focus on delivering consistently strong financial performance that enables us to keep our promises to customers…
Genworth Financial Inc. is laying off about 80 employees, including 21 workers at the company’s corporate headquarters in Henrico County. Genworth is temporarily suspending the sales of individual long-term care insurance and income Assurance Annuity products through brokerage general agencies. Genworth is being acquired by China Oceanwide Holdings…
Putnam County could soon offer a more substantial life insurance policy for law enforcement and emergency personnel. In just the past four months in Tennessee, two police officers and one paramedic have been killed in job-related incidents. A Sullivan County deputy was shot while doing a welfare check at a home in Blountville, a Chattanooga police officer was…
African-Americans view life insurance as more than a means to pay for final expenses. They are increasingly looking to life insurance as a way to transfer wealth and leave a legacy, according to a New York Life study.
March 07– Mar. 7– Jacquelyn Smith had been cautious with money all her life, recalled her older brother, Marcel Trisvan. Yet upon marrying Keith Smith, the electrical engineer who always chose cars that “she knew she could get 20 years out of” became indulgent, Trisvan said. Keith Tyrone Smith, 52, now stands accused– alongside Valeria Smith, 28, his grown daughter from a…
–Crump Life Insurance Services and SelectQuote, an Overland Park, Kan. and San Francisco- based direct marketing organization, today announced the start of a multi-faceted strategic relationship that will bring much needed life insurance and retirement protection coverage to more distributors, businesses and consumers. We believe combining the resources…
COLUMBIA, S.C. (March 6, 2019) — Colonial Life clients can now ease their employees’ worries over student loan debt, thanks…
For example, no insurance company money was used to purchase Mr. Lindberg’s investments in the Idaho and Key West properties, his boat, or the airplanes, one of which was leased. Before he acquired his first insurance company, Mr. Lindberg established a no-dividend policy for each insurance company to protect policyholders and ensure that the capital that Mr….
A preliminary hearing for Kendra L. Dias, charged with orchestrating the slaying of her stepfather Donald Bachman nearly four years ago, was delayed Thursday for more than a month. Dias, 24, of 114 Hemlock St., Sugar Notch, is the sole person charged as investigators allege she planned the deadly shooting in front of Bachman’s house at 62…
Feb. 28– Feb. 28– Wells Fargo’s program to compensate customers affected by the bank’s violation of consumer protection laws has begun, the Texas Attorney General’s office said. Texas customers, as well as customers around the country, who were affected by the bank’s practice between 2009 and 2016 of opening millions of unauthorized bank accounts in the names of…
OneAmerica has launched two new term life insurance products designed to offer more flexibility for protection.
Feb. 28– Feb. 28– Connecticut Attorney General William Tong published Wells Fargo “redress” plan to reimburse customers who have yet to receive money after a multistate investigation into employees opening bogus accounts to increase their commissions and other infractions. Connecticut received $5.2 million as its share of a $575 million national…
Envestnet Insurance Exchange, a new insurance network that integrates insurance solutions into the wealth management process on the Envestnet platform, has agreements with six carriers — Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Company and Nationwide.
Today, Pacific Life Insurance Company announced two new indexed universal life insurance products: Pacific Discovery Xelerator IUL 2 and Pacific Indexed Accumulator 6. 1. Both life insurance products continue in the tradition of providing flexible death benefit protection for individuals and businesses. “These products represent our ongoing commitment…
For the year ended December 31, 2018, MassMutual reported total sales through its advisor network of $30.8 billion, a 20 percent increase over the prior year, led by strong demand for its life insurance and annuity offerings as part of the company’ s broad range of holistic financial solutions. These results, coupled with strong investment income, resulted in…
McGuire recognized early that there would be additional benefits, besides financial, by partnering with the Allianz name and its association with some of the biggest names in global soccer. The St. Paul stadium will be the eighth bearing the Allianz name. Allianz Life’ s German parent company Allianz SE already has established naming deals with the Munich home…
MEMPHIS, Tenn.— The sudden death of a loved one can leave a family scrambling to find the money for a funeral. More and more people in the Mid-South are now turning to fundraising websites for help including Danielle Jones’ family. “I asked the paramedics is he breathing?
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Principal Life Insurance Company and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc., and…
HOUSTON – February 21, 2019 – American International Group, Inc. (NYSE: AIG), whose domestic life insurers are leaders in the…
“We exist to help clients achieve financial security, and our company’s financial strength ensures we are well positioned to deliver on our promises for generations to come,” said John E. Schlifske, chairman, president and chief executive officer. The company continued its track record of maintaining the highest financial strength ratings awarded to any U.S….
The suspect made herself the beneficiary of her aunt’s life insurance and transferred more than $165,000 of her aunt’s money into her account, a police report states. Brandie Woodward, 35, was charged with exploitation of the elderly and was jailed on $5,000 bail.
Arthur J. Gallagher & Co. acquired Partners Advantage Insurance Services and AMZ Financial Insurance Services on Jan. 28. The move marked the first substantial entry by Gallagher into the independent marketing organization channel of insurance distribution.
