AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty members of Horace Mann Insurance Group, and Horace Mann Life Insurance Company. In addition, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of National Teachers Associates Life Insurance Company and its affiliated entity,…
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U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, announced today that it has entered into a note purchase agreement to issue $500 million of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 5.94% as…
Term insurance is a type of life insurance that provides coverage for a specific time period. It is not intended to be permanent or kept indefinitely. Term insurance typically offers the largest amount of life insurance protection at the lowest initial cost over the specified term.
Health Care Advocate and YouTube Star“ Doctor Mike” Varshavski Joins Aflac on Their Wellness Matters Campaign, Urging Young People To Develop Better Health Habits https://www.3blmedia.com/sites/default/files/styles/carousel_2x/public/images/Doctor_Mike_Aflac_8. 20.24 A.jpg "width=" 600 "height=" 900 "alt=" "Doctor Mike" Varshavski, a board-certified…
Momentum IUL offers a variety of indexed account options, based on the well-known S&P 500 or Nasdaq 100 indices, for the potential to accumulate tax-advantaged cash value, along with full downside market protection to manage market risk.
Aegon is an international financial services holding company. Aegon's portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint ventures in Spain& Portugal, China, and Brazil,…
Aegon reports first half year 2024 results. New EUR 200 million share buyback program started in July; expected to be completed in the second half of 2024 Free Cash Flow of EUR 373 million, which includes 2023 final dividend from a.s.r. 2024 interim dividend of EUR 0.16 per common share, an increase of EUR 0.02 compared with 2023 interim dividend Lard Friese, Aegon…
Franklin Madison, a leading provider of insurance solutions for financial institution consumers, is excited to announce the launch of SimplyTerm ® Flex Life Insurance by Prudential. 1 By prioritizing flexibility and accessibility, SimplyTerm Flex empowers consumers by allowing them to make adjustments to their life insurance policy as circumstances…
Will life insurance be the next product to go ‘green’?
With so much consumer interest in healthy living and sustainability, will the life insurance industry begin to offer “green” life insurance?
AuguStar rounds out product lineup with new IUL
AuguStar Life continues to round out its product lineup with a new indexed universal life offering.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of LifeMap Assurance Company. The ownership of LifeMap was transferred to LSV by Cambia Health Solutions, Inc. Jan. 3, 2022, through the finalization of a partnership agreement. LifeMap’ s ratings takes into consideration the implicit support by LSV and its…
The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the…
High interest rates put chokehold on whole life in flat Q2 , LIMRA finds
New life insurance premium declined 1% during the first half, and the total number of policies sold was level with 2023, LIMRA reports.
Achieving life insurance success with middle-income Americans
Recent study reveals middle-income Americans represent the largest market opportunity for the financial-services industry.
Life insurers depend on technology to stay compliant
Investing in the right product technology is crucial for insurers to maintain compliance while also adapting quickly to regulatory changes.
AM Best has placed under review with negative implications the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of American Heritage Life Insurance Company. This follows the Aug. 13, 2024, announcement that StanCorp Financial Group, Inc. and The Allstate Corporation have entered into a definitive agreement under which StanCorp…
Prudential Financial, Inc., has launched Prudential Momentum IUL℠, a new indexed universal life product issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey that provides the financial resiliency in growth and protection that customers need to withstand changing life events. “Prudential is committed to providing our…
Amazonification has changed insurance marketing
Amazon has influenced nearly all our transactions – including shopping for insurance.
Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’ s list of“ Top 100 Best Annuities.” This is the fifth consecutive year that Barron’s has ranked Delaware Life Insurance Company annuities in the top 100.. Delaware Life Accelerator Prime ® Variable Annuity was recognized as a top 100 annuity in the categories of…
Court: Zurich not liable for agents accused of misappropriating trade info
A software company’s attempt to recoup its losses from an insurance company due to trade secret theft has been rebuffed by an appeals court that ruled the policy covered negligent acts but not intentional ones.
