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The 5 Secrets To Retaining Financial Sales Professionals

May 11, 2022 Life Insurance No comments.

WINDSOR, Conn. and Washington, D.C., May 11, 2022 — New research from LIMRA and the Finseca Foundation reveals five secrets to…

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Life Insurance Activity Continues Dip In April But Still Stronger Than 2021, MIB Reports

May 9, 2022

U.S. life insurance application activity declined in April 2022 compared to April 2021, with Year-over-Year (YOY) activity down -11.7%. However,…

Transamerica Adds Execs To Annuity And Life Insurance Team

May 6, 2022

–Transamerica announces that Liza Tyler has been appointed Head of Annuity Solutions and Andrew DeMarco as Head of Life Solutions for the company's Individual Solutions division. These new positions report to Jamie Ohl, President of Transamerica's Individual Solutions division, which provides individual insurance and investment solutions to…

Northwestern Mutual Invests $5M In Black-Led Financial Institutions

May 6, 2022

MILWAUKEE – May 5, 2022 – According to the 2021 Black Business Owner Spotlight, 56 percent of Black entrepreneurs reported…

Protective Life Closes On AUL Acquisition

May 4, 2022

BIRMINGHAM, Ala.– Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., announced that its principal subsidiary, Protective…

Prudential: Q1 Earnings Snapshot

May 3, 2022

_ Prudential Financial Inc. on Tuesday reported a loss of $31 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share. Four analysts surveyed by Zacks expected $14.18 billion.

Mutual Of America Acquires Landmark Life

April 26, 2022

NEW YORK, April 26, 2022 — Mutual of America Financial Group announced today that it has entered into a Stock…

Goose Offers Instant Coverage Life Insurance

April 26, 2022

Goose Insurance Services, an innovative insurance technology company that is making it easier and faster for consumers to get the coverage they need through a self-serve mobile app, announces it has expanded its individual term life insurance policies to US customers. In the last ten years, the number of Americans with life insurance policies has dropped…

Sunset Life Renamed Ibexis Life & Annuity Ahead Of New Product Launch

April 25, 2022

–Sunset Life Insurance Company of America announced today it will be renamed Ibexis Life& Annuity Insurance Company as it relaunches the brand under new leadership and direction. Following the appointment of CEO Nate Gemmiti and a significant capital investment from global alternatives firm Investcorp in November 2021, Ibexis represents the next chapter…

Dave Ramsey: Many Reasons To Have More Than One Life Insurance Policy

April 22, 2022

A relative of mine recently mentioned she had two life insurance policies. Is it OK for a person to have more than one life insurance policy? If so, why would someone do that?

Second Trial Set For Oklahoma Man Accused Of Killing Dad For Life Insurance

April 20, 2022

Stephens County District Judge Ken Graham ordered a continuance of the trial for James Kyle Brooks, 41, for a charge of first-degree murder until 9 a.m. Sept. 19, records indicate. Investigators believe Brooks was motivated to kill for a $500,000 insurance policy taken out without his father's knowledge, according to investigators. Marlow police were called by…

Pacific Life Discontinues Sales Of PremierCare Life Products

April 18, 2022

This includes Pacific PremierCare ® Choice one-year, five-year, 10- year, and lifetime premium whole life insurance products with long-term care benefits 1 and Pacific PremierCare Advantage Universal Life Insurance with Long-Term Care Benefits 2 in California. “Pacific Life remains committed to the long-term care market as we continue to recognize U.S….

Craig DeSanto Assumes New York Life Chief Executive Officer Position

April 18, 2022

New York Life, America's largest 1 mutual life insurer, today announced that Craig DeSanto has assumed the company’ s chief executive officer position. New York Life and its affiliates provide insurance, investment, and retirement solutions that help people at all stages of life, delivered through the company’ s industry-leading agency field force.

California Insurance Agent Stole Money From Clients, Regulators Say

April 14, 2022

Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, Calif., was arraigned this week in Kern County Superior Court…

Securian Financial Enhances SecureCare Hybrid Life/LTC Product

April 13, 2022

Securian Financial has added three return of premium options 1, an optional premium waiver agreement and other enhancements to the latest version of SecureCare™, the St. Paul, Minnesota- based insurer’ s hybrid life/long-term care insurance product. SecureCare III, issued by MINNESOTA LIFE INSURANCE COMPANY, has the key feature of its predecessors— a cash…

Symetra Introduces Accumulator Ascent IUL

April 12, 2022

Symetra today announced the introduction of a new version of its Accumulator indexed universal life insurance product— Symetra Accumulator Ascent IUL. “Enhanced products like Accumulator Ascent IUL and new offerings like our MultiLife Business Program are bringing a wider array of compelling solutions to Symetra customers and partners,” said Phil…

AIG Names Sabra Purtill EVP, CIO Of Its Life & Retirement Business

April 12, 2022

American International Group, Inc. today announced that Sabra Purtill, 59, has been appointed Executive Vice President and Chief Investment Officer for its Life& Retirement business, effective immediately. In her new role, Ms. Purtill will report to Kevin Hogan, Executive Vice President, Chief Executive Officer, Life& Retirement, and she has joined the Life&…

Life Application Activity Declines In 1Q 2022, MIB Index Says

April 11, 2022

U.S. life insurance application activity declined in March with Year-over-Year (YOY) activity down -7.7%, when compared to record breaking activity…

Idaho Insurance Agent Forged 8 Life Insurance Applications For Commissions

April 8, 2022

Effective March 31, 2022, the Idaho Department of Insurance revoked the insurance producer license of Kyle Blaine Swallow for violations…

Survey: Nearly Half of People Want A Live Person When Contacting Insurer

April 5, 2022

–First Orion, a leading provider of branded communication solutions for businesses, today announces the results of its 2022 Insurance Survey Report that explores the insurance calling experiences of 5,000 U.S. mobile subscribers. The findings represent customer sentiments related to contact with health, auto and home insurance providers..

Pacific Life Announces New Chief Financial Officer

April 1, 2022

Mr. Sharma succeeds Darryl Button as CFO, following Mr. Mr. Sharma will report to Mr. Button and serve on Pacific Life’ s management committee with responsibility for the development and implementation of Pacific Life’ s corporate and financial strategies, as well as oversight of the actuarial, corporate finance, internal audit, enterprise risk management, and…

Ohio National Completes Strategic Transaction With Constellation Insurance

March 31, 2022

–Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services, Inc., a leading provider of financial services, successfully completed its sponsored demutualization transaction with Constellation Insurance Holdings, Inc.. Ohio National Financial Services, Inc. remains a subsidiary to ONH. As part of the transaction,…

Integrity Marketing Group Acquires The Valdez Group

March 31, 2022

DALLAS, March 31, 2022 /PRNewswire/ — Integrity Marketing Group, a leading distributor of life and health insurance, and provider of…

March 24, 2022
Barbara Turner

Ohio National CEO Barbara Turner Had To ‘Work Even Harder’ To Prove Worth

As Women’s History Month comes to a close, Turner spoke with InsuranceNewsNet and shared some of the steps she took on her way to the top, the challenges she encountered along the way, and her advice to other women for making it to the next level of success.

Choir Releases Its First List Of Choir Certified Conferences

March 24, 2022

SAN FRANCISCO, March 24, 2022 (GLOBE NEWSWIRE) — Choir, a diversity-tech platform and creator of the first diversity certification for finance…

Should Seniors Get Term Or Permanent Life Insurance?

March 24, 2022

iQuanti: As we get older, we want to make sure our loved ones are taken care of when we're gone. Life insurance can be a fantastic tool for seniors to give their families extra financial protection. It pays out a death benefit when you pass away, which can offer your beneficiaries added financial security.

Baltimore Life Celebrates 140 Years

March 23, 2022

OWINGS MILLS, Md. – March 27, 2022 – The Baltimore Life Insurance Co. today celebrates its 140th anniversary. For almost…

Former California Agent Facing Felony Charges In Insurance Fraud Scheme

March 23, 2022

Formerly licensed insurance agent Paul Kirton, 51, of Bozeman, Montana, has been charged with eleven felony counts including identity theft,…

Protective Life To Acquire AUL Corp.

March 23, 2022

Birmingham, Ala. – Protective Life Corporation announced today that its principal subsidiary, Protective Life Insurance Company, has entered into an…

NAIFA’s GOTV Resources Now Available To Empower Political Participation

March 17, 2022

Falls Church, VA (March 17) — NAIFA’s Get Out the Vote (GOTV) resources are now available to NAIFA members and…

Doug Wolff To Succeed Mike Kiley As Security Benefit CEO

March 17, 2022

Security Benefit today announced that Mike Kiley, Chief Executive Officer, will retire effective June 30th, 2022. Kiley will continue to…

March 16, 2022
Annuity sales continue to climb, SRI reports.

Life Insurance Premium Growing At Highest Rate In Nearly 40 Years: LIMRA

For the year, life insurance policy sales were up 5%, which is the highest annual growth since 1983. With the exception of term sales, all major categories saw growth.

California Insurance Chief Pressures Insurers To Divest From Russia

March 15, 2022

California Insurance Commissioner Ricardo Lara issued a Notice Monday to all insurance companies doing business in California to review their…

Genworth Financial Receives Ratings Upgrade From S&P

March 14, 2022

Genworth Financial, Inc. today announced that S&P Global Ratings has upgraded the issuer credit ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. to B+ from B. The outlook for the ratings remains positive. This would bring total holding company debt to below our target of $1 billion and enable Genworth to evaluate returning capital to…

Life Insurance Activity Back To 2019-20 Levels, MIB Index Reports

March 8, 2022

U.S. life insurance application activity declined in February 2022 compared to February 2021, with year-over-year (YOY) activity down -3.8%, representing…

Tennessee Continues To Boost Remote Agent Testing Numbers

March 8, 2022

The Tennessee Department of Commerce & Insurance (TDCI) announces that remote testing for prospective insurance agents accounts for nearly 40%…

March 4, 2022
Life insurance sales were very strong in the fourth quarter. Source: Wink’s Sales & Market Report.

Indexed Life Sales Smash More Records During 4Q 2021, Wink Reports

Non-variable universal life sales for the fourth quarter were $861.5 million, up 20% compared to the third quarter and 16.25% over 4Q 2021, according to Wink’s Sales & Market Report.

Record Whole Life Sales Drive MassMutual To Strong 2021 Growth

February 28, 2022

Massachusetts Mutual Life Insurance Company today reported excellent financial results 1 for 2021– including record sales and capital levels that reached an all-time high and strong operating earnings– while making significant progress on its long-term strategy and providing financial security for more Americans. Sales of total individual life…

Mike Stewart Joins OneAmerica As Employee Benefits Regional VP

February 28, 2022

INDIANAPOLIS (Feb. 28, 2022) — Mike Stewart has joined the executive leadership team of the OneAmerica Employee Benefits at OneAmerica…

AllFinancial Group Offers Older Consumers Access To Financing

February 25, 2022

Life insurance agents may have clients who cannot buy new life insurance on themselves due to their advanced age or…

Life Insurers See Highest Period Of Growth In 5 Years

February 25, 2022

Fitch Ratings-Chicago/New York-25 February 2022: U.S. life insurers saw their highest single period of growth over the past five years…

MDRT Expands Awards And Rankings

February 24, 2022

PARK RIDGE, Ill. (February 17, 2022) —The MDRT Family of Brands, which includes MDRT for high‐performing financial services professionals, the…

AmeriLife, Prosperity Life Offer New Term Life Product For Pre-Retirees

February 24, 2022

CLEARWATER, Fla. | AmeriLife Group announced the launch of Family Freedom Term, a new, simplified issue term life solution offering affordable coverage…

NAIC Assessing Private Equity Involvement With Insurers

February 23, 2022

Regulators approved a list of “regulatory considerations” Tuesday for the Macroprudential Working Group. Many items on the list deal with the unknowns surrounding private equity control of insurers.

Best’s: Life/Health Rating Activity Mixed for 2021 As Insurers Navigate Headwinds

February 21, 2022

The increased number of Credit Ratings in the U.S. life/health insurance industry placed under review in 2021 mainly reflects the return of merger and acquisition activity that was depressed in the previous year amid the pandemic surge, along with earnings declines in the life/annuity segment from heightened mortality, according to a new AM Best report.

The American College Appoints Officers, Trustees

February 17, 2022

King of Prussia, PA, Feb. 17, 2022 (GLOBE NEWSWIRE) — The American College of Financial Services announced a pair of newly…

Northwestern Mutual 2021 Financial Results Shatter Records Again

February 17, 2022

As a mutual company, Northwestern Mutual shares its success with policyowners in the form of annual dividends, and, as previously announced, the total expected 2022 dividend payout is the largest ever– $6.5 billion. "It's an honor that we continue to see a record number of customers choosing Northwestern Mutual and our advisors for our holistic approach to…

New York Life Releases 2021 Diversity, Equity, And Inclusion Report

February 16, 2022

New York Life, America’ s largest 1 mutual life insurer, reports how its approach to Diversity, Equity and Inclusion underscores its commitment to employees, agents, policy owners, and communities in its 2021 DE&I Report. From continuing to provide spaces for difficult but necessary conversations about race, to our Cultural and Target Markets agents providing…

AmeriLife Now Offers SimpliNow Legacy From AIG

February 15, 2022

AmeriLife Group, LLC, a national leader in developing, marketing, and distributing annuity, life and health insurance solutions, today announced that its agencies and affiliates are now offering SimpliNow Legacy SM from AIG, a simplified issue whole life insurance product specifically designed for middle-market American seniors. Electronic applications…

Ohio National Pays $1.5B In Dividends To Policyholders In 2021

February 14, 2022

CINCINNATI, Feb. 11, 2022 (GLOBE NEWSWIRE) — Ohio National Financial Services, Inc. announced today it finished 2021 with $1.5 billion…

Brighthouse Financial Releases Full Year 2021 Results: Life Sales Up 98%

February 10, 2022

Brighthouse Financial, Inc. announced today its financial results for the fourth quarter and full year ended December 31, 2021. Annuity sales decreased 20% quarter-over-quarter, driven by lower sales of fixed deferred annuities, partially offset by a 14% increase in total sales of variable and Shield Level annuities, and were flat sequentially.

Guardian Life Acquires Strategic Minority Stake In HPS Investment Partners

February 9, 2022

New York, NY, February 9, 2022 – Guardian Life announced it has acquired a minority equity stake in HPS Investment…

Life Insurance Activity Off 4.8% In January, MIB Index Reports

February 8, 2022

U.S. life insurance application activity declined in January 2022 compared to January 2021, according to MIB Life Index, with year-over-year…

What’s The Right Age To Buy Life Insurance?

February 8, 2022

There’s no rule on when someone should buy life insurance, but as with saving and investing, there’s a strong case to be made for starting young. Many people in their 20s and 30s may not think they need a life […]

Fidelity Life: Term vs. Whole Life Insurance For Smokers

February 7, 2022

–Health and lifestyle habits play a significant role in determining the premiums a policyholder will pay on term and whole life insurance policies— including smoking. Both types of policies will cost more as a smoker, but there are still unique advantages to each type of plan. For those looking for the best type of life insurance for smokers, here are the pros and…

February 3, 2022

IRI Announces New Logo And Website

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today rolled out a new logo and a revamped website. The updated…

Expanding Producer Network Is Top Priority Of BGAs And IMOs

February 2, 2022

WINDSOR, Conn., Feb. 2, 2022 — More than three quarters (77%) of brokerage general agencies (BGAs) and independent marketing organizations…

Policygenius Releases 2022 Life Insurance Trend Report

February 2, 2022

–Policygenius, the one-stop platform for comparing and buying insurance, announced today the release of The 2022 Policygenius Life Insurance Trend Report. This report draws on Policygenius' internal data as one of the largest term life insurance distribution platforms in the U.S., with more than $120 billion in face amount placed in force, as well as insights…

4 Factors Women Should Consider When Buying Life Insurance

January 31, 2022

–Life insurance is an important piece of any well-rounded financial plan, but it's not one size fits all. Since women may go through pregnancy or be more likely to take time away from the workforce for caretaking responsibilities, there are certain considerations for women shopping for a life insurance policy that may differ from men. Here are four factors women…

MetLife Finishes Roughly $2.4B Longevity Reinsurance Deal With Phoenix Group

January 28, 2022

“We are pleased to have completed our first two longevity reinsurance transactions with Phoenix and to support Phoenix in its U.K. pension de-risking activity,” said Jay Wang, senior vice president and head of Risk Solutions for MetLife’ s Retirement& Income Solutions business.“ Despite the continuing uncertainty around the pandemic, the U.K. pension and…

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