The series is enabled through Matrix Trust Company, which provides the CIT structure and serves as the discretionary trustee, and is a subsidiary of global technology leader, Broadridge Financial Solutions. “As demand for retirement income solutions continues to grow within defined contribution plans, we are seeing plan sponsors and advisors look for more…
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
2026 JUN 17– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ LIFE INSURANCE THAT ENHANCES LIFE” by Heather J. Kliebenstein Merchant& Gould P.C., representing Pacific Life Insurance Company. The registrar information for…
AM Best has assigned a Long-Term Issue Credit Rating of“ a-” to the $750 million 5.95% senior unsecured notes, due June 2036, issued by Sammons Financial Group, Inc.. The outlook assigned to this Credit Rating is stable. Proceeds from the issuance will be used for general corporate purposes including business growth at SFG’ s two insurance operating subsidiaries–…
What's clear is that most people, even in Connecticut, don't have nearly that much. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's doubtful most people have that much saved for retirement, said Eric McAlley,…
Advocates: Life insurers potentially missing millions of deaths annually
Consumer advocates are urging life insurance regulators to strengthen death-claim searches, warning that the Death Master File isn’t what it used to be.
What's clear is that most people, even in Connecticut, don't have nearly that much. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's doubtful most people have that much saved for retirement, said Eric McAlley,…
FORT WORTH, TX– June 16,2026– Sparks Financial is pleased to announce that Scott Theodore has joined the firm as a Private Wealth Advisor, bringing decades of leadership, mentorship, and financial services experience to the organization. Theodore previously served as Managing Partner of Northwestern Mutual's Denver office, where he spent decades developing…
AM Best has assigned a Long-Term Issue Credit Rating of“ aa-” to the recently announced $1.0 billion, 5.95% surplus notes, due 2056, issued by Massachusetts Mutual Life Insurance Company. The outlook assigned to this Credit Rating is stable. Headquartered in the United States, the company does business in over 100 countries with regional offices in London,…
Greg Lindberg slams ‘vindictiveness’ in fight for prison computer access
Lindberg, sentenced to 12 years in prison last month, said investigators are suddenly playing hardball with elements of his plea agreement.
The U.S. life/annuity industry saw its total income decrease 18% in the first three months of 2026 from the prior-year period as premiums and annuity considerations fell by $36 billion, according to preliminary financial results. According to the Best’ s Special Report, the drop in premiums and annuity considerations was predominantly due to a $24.2 billion…
–AuguStar ® Life, a Constellation business, has enhanced its LiveNow Access accelerated benefit rider with a new critical illness feature, giving clients more ways to use their life insurance when it matters most. The addition complements the rider’s suite of living benefits, which also includes chronic and terminal illness coverage. "As more carriers offer…
Senate primary victory, Josh Turek has built his campaign on the simple argument that Wall Street has amassed too much power over Iowans. That concern comes into focus in the state's insurance oversight, where the Iowa Insurance Division and the National Association of Insurance Commissioners are working closely with large insurers, helping shape the very…
Appeals court rejects investor payouts in latest decision against STOLI
A federal appeals court upheld a lower court ruling last week that voided two life insurance policies with a combined face value of $8 million.
Why premium-financed IUL is failing
The widespread failure of these plans is the natural and foreseeable result of an unstable financial design.
Both the Block 1 CLN and Block 2 CLN are in consideration of a variable funding surplus note issued by Redding Reassurance Company 3 LLC, a Missouri- domiciled special purpose financial captive reinsurer and a direct wholly owned subsidiary of Wilton Reassurance Company. Each VSN supports the excess reserves for a block of life insurance business retroceded…
Shares of Globe Life Inc. (NYSE: GL) traded at a new 52-week high today and are currently trading at $164.64. So far today, approximately 38,719 shares have been exchanged, as compared to an average 30-day volume of 569.68k shares. Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households […]
Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
Greg Lindberg is asking a federal court to halt ongoing asset sales tied to a $1.655 billion restitution order, arguing that the government’s math is wrong.
Target-date pioneer and industry leader i Fidelity Investments ® today announced plans to launch Fidelity Freedom ® Lifetime, a suite of target date collective investment trusts with a built-in guaranteed income option*. The Freedom Lifetime suite will include a strategic allocation to an insurance pool through Nationwide and New York Life— two highly…
KBRA releases commentary following the recent publication of the Columbia Business School’ s Rating Without Market Discipline paper, which raises important questions regarding the growth of private ratings in U.S. life insurer portfolios and the interaction between ratings and regulatory capital. The paper concludes that privately rated bonds…
