Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.
The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.
A state insurance regulator group is finishing up its next industry survey to learn how home insurers are using artificial intelligence and machine learning.
Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.
The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.
A state insurance regulator group is finishing up its next industry survey to learn how home insurers are using artificial intelligence and machine learning.
Modern Life’s technology and brokerage platform will provide access to life insurance products from Symetra.
Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the IRS tax code criteria that cash value life insurance policies must meet to retain tax-advantaged status.
After a year-long investigation and a highly publicized, six-week trial, disgraced and disbarred South Carolina lawyer Richard "Alex" Murdaugh has been convicted and sentenced in the June 7, 2021, shooting deaths of his wife, Maggie, and younger son, Paul. The S.C. Attorney General's Office earned a conviction on both counts of murder during a marathon trial in…
A Muscatine woman who attempted to defraud Madison, Wisconsin- based CUNA Mutual Group with a false life insurance claim has been sentenced to two years in federal prison. She pleaded guilty to one count of wire fraud on Nov. 14, 2022, during a change of plea hearing in U.S. District Court, Davenport. During a sentencing hearing held Wednesday in U.S. District Court,…
On March 1, VA increased the maximum amount of life insurance coverage available to veterans and service members from $400,000 to $500,000 for Veterans' Group Life Insurance and Servicemembers Group Life Insurance. Veterans who are under age 60 and currently enrolled in VGLI will be able to purchase additional coverage in $25,000 increments up to $500,000.
Consumers love indexed universal life, a love affair that remained strong in the fourth quarter 2022, according to Wink’s Sales & Market Report.
CHARLOTTE- A North Carolina business magnate remains free after he was indicted on charges he conspired to conduct a massive scheme to deceive insurance regulators and policyholders related to insurance companies that he controlled. Greg E. Lindberg of Durham was ordered released on $100,000 unsecured bond following his initial appearance and…
–Today, John Hancock, a unit of Manulife, announced that Marianne Harrison has decided to retire after twenty distinguished years with the company and that Brooks Tingle will become President and CEO of John Hancock, effective April 1 st, 2023. Mr. Tingle will join Manulife's executive leadership team and report to Roy Gori, President and CEO of Manulife.
Norman was found guilty back in September of setting up the 2016 murder of his 21- year-old nephew, Andre Montgomery. Prosecutors say he attempted to cash in a life insurance policy on Andre worth $450,000 after coordinating with exotic dancer Terica Ellis to pull off the killing. Norman allegedly paid Ellis $10,000 to lure his nephew to a location, and then paid…
John Hancock announced it will expand access to GRAIL’s Galleri multi-cancer early detection test to eligible life insurance customers participating in the John Hancock Vitality PLUS program.
SafeGuard360 includes life insurance, long term care and income protection benefits, helping individuals build the foundation for lifelong well-being.
The partnership between FINEOS and Empathy will equip life insurance carriers with the technologies and services they need to comprehensive support to their customers.
Prosecutors are moving toward the close of their double-murder case against Alex Murdaugh, even as Judge Clifton Newman closed the door on more discussion of an apparent botched suicide attempt three months after Murdaugh’ s wife and son were killed at the family’ s rural Colleton County estate. On Wednesday morning, S.C. Law Enforcement Division agent David…
Although Brighthouse Financial is focused on registered index-linked annuities, the company had a boost in fixed deferred annuities in the fourth quarter because of high interest rates.
WALTERBORO— A bogus bomb threat that briefly halted the double-murder trial of Alex Murdaugh midweek seemed inevitable— as in, of course, there's a bomb threat— as well as prescriptive. The courtroom had to be evacuated at the precise moment when sleepy jurors' chins were dropping toward their clavicles, notwithstanding the riveting testimony of FBI automotive…
Feb. 9— WALTERBORO, S.C.— Alex Murdaugh, a once prominent Hampton- based attorney from a well-known politically-connected family, is on trial in the deaths of his wife, Maggie, and son, Paul. Judge Clifton Newman has sent court into recess until 9:30 Friday. Mark Tinsley, the attorney for Mallory Beach's family, is still on the stand.
Brad Rhodes: How does an irrevocable life insurance trust work? Published 12:00 am Thursday, February 9, 2023. Over the past few years, the government has increased the estate and gift tax exemption to $11.58 million per individual.
