Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
Gov. John C. Carney signed legislation last week making Delaware the 45th state, plus Puerto Rico and Washington D.C., to join the Interstate Insurance Product Regulation Compact.
New AIG CEO Peter Zaffino fleshes out details of the company’s spin-off of its life and retirement business, which it plans to sell in an initial public offering in the first quarter of 2022, with Blackstone being a minority owner.
Brighthouse Financial issued the following news release on Aug. 5, 2021:. Brighthouse Financial, Inc. announced today that it has authorized the repurchase of up to $1 billion of its common stock. “We are pleased to announce this new authorization as it reflects our financial strength, positions us to achieve our goal of returning $1.5 billion to our…
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
Lincoln Financial has best boost in income because of its registered index-linked annuities, as the company expands its offerings and distribution.
After strong results in 2019, total new premium for individual life combination products decreased 23% to $3.7 billion in 2020, according to LIMRA’s 2020 U.S. Individual Life Combination Products Annual Review.
Beachwood, Ohio– First Catholic Slovak Ladies Association has a new marketing name: the fraternal benefit society is now rebranded as…
The impact of the virus can quickly spread from our physical health to our financial health. Insuring your clients’ future insurability and financial health through a convertible term life insurance policy is a smart approach to any other planning they are doing today.
Lincoln Financial Group today reported net income for the second quarter of 2021 of $642 million, or $3.34 per diluted share available to common stockholders, compared to a net loss in the second quarter of 2020 of$ million, or$ per diluted share available to common stockholders. “Second quarter adjusted income from operations was a record as our diversified…
MetLife, Inc. today announced that its board of directors has approved a new $3 billion authorization for the company to repurchase its common stock. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual…
Prudential nearly doubled its sales of its indexed variable annuity, FlexGuard, while dialing its traditional variable annuity sales down to zero in the second quarter.
Aug. 4— A 38- year-old intoxicated and armed man was arrested for attempted homicide after showing up to a State Farm office and threatening to kill an insurance agent on Friday morning in Greeley. Around 11:53 a.m., multiple parties reported to police that Jacob Maltby, 38, was on his way to a State Farm office in 1900 block of 59th Avenue. This was the second day in a…
Carrots are more effective than sticks when it comes to retaining employees who are motivated to contribute their best.
While in agreement that bigger is better in the retirement plan management world, Principal Financial executives say they feel no pressure to respond to the blockbuster Empower Retirement acquisition.
A federal grand jury indicted two Boston-area men for what authorities say was a series of illegal online activities including romance scams, fraudulent unemployment claims and fake federal disaster loans.
Jul. 27— LINCOLN COUNTY— Pamela Hupp, who is already serving a life term in prison for another murder, made her first court appearance Tuesday on charges connected to the death of her friend, Elizabeth “Betsy” Faria, in 2011.. Hupp's lawyers had already entered a not guilty plea in a court filing last week, and sought a waiver from Hupp's appearance at Tuesday's hearing…
Based in Hartford, Conn., Saybrus Partners was formed in 2009 to bring its boutique model to institutions, delivering customized support, proactive consultation and transparent, centralized management for advisors and insurance agents.
Although the state’s Supreme Court overturned Regulation 187, many major carriers have already pulled out of the state, which is appealing the court’s ruling.
A New York man was sentenced Monday to 46 months in federal prison for participating in business email compromise scams.
ATLANTA, July 20, 2021—Total final expense life insurance premium was $480 million among the 19 companies providing sales for both…
A 55- year-old Lexington woman who researched various fatal poisons on the internet was sentenced to 30 years in prison Friday for killing her her husband. Kimberly Groh, who will be in her late 70 s or 80 s when she finally gets out of prison, had pleaded guilty to voluntary manslaughter earlier in the week and was sentenced by S.C. On Nov. 30, 2016, Groh’ s husband of…
Life insurance application activity ended the second quarter up 7.3% for the year, the MIB Life Index reported.
Regulators are focused on two options for “run-off” or “legacy” books of business: insurance business transfer laws, or the more arcane “division” framework.
ARLINGTON, VA, July 13, 2021 — Global life and property and casualty insurers want to improve the efficiency and auditability…
Plaintiffs allege that Felix Chu, as a New York Life agent, lured them into investing life insurance proceeds, retirement funds, and other assets in the purchase of unregistered promissory notes.
Triple murder suspect Chad Daybell faces insurance fraud after receiving around $430,000 in life insurance benefits.
LINCOLN COUNTY, Mo. Witnesses in a murder case are talking to police after being ignored for almost a decade. When Russ Faria was wrongfully convicted in 2013, Fox 2' s investigation led to St. Peters where a man said he had information about Pam Hupp. In 2014, Murphy had evidence that was ignored by Lincoln County authorities back then.
First-quarter non-variable universal life insurance sales were down double digits, according to Wink’s Sales & Market Report.
Through the third quarter of 2020, sales of chronic illness riders as a percent of total sales were 7.7% for UL products and 46.3% for IUL products.
Black Americans were significantly more likely to be concerned about being able to save for an emergency fund, pay their monthly bills and their mortgage, and leaving their families in a difficult situation due to a premature death.
Binghamton, N.Y. (June 29, 2021) – Columbian Mutual Life Insurance Company today announced that its Board of Directors has unanimously…
CHATTANOOGA, Tenn. (June 28, 2021) — Companies have a new option to customize financial protection benefits for their workers, thanks to…
American International Group, Inc. today released its first Environmental, Social and Governance (ESG) Report detailing the company’s strategic progress.
The insurance industry charged into the diversity debate following the death of of George Floyd on May 25, 2020, and the ensuing Black Lives Matter protests.
The pandemic shifted the focus to technology and big data usage. Insurers loosened restrictions on accelerated underwriting, electronic signatures and medical exams. Will it continue?
–AmeriLife Group, LLC, a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, has acquired Maximum Senior Benefits, a retail insurance marketing organization that distributes final expense insurance. MSB is headquartered in Utah and a majority of their agency partners are located in the Western United…
Researchers are studying a COVID “syndrome” that results in deaths months after the patients get over the disease, explained Paolo Bandeira Pinho, vice president and medical director of innovation for Diameter Health.
–In keeping with its commitment to the local community and the communities our advisors serve, Advisors Excel and its affiliated financial professionals recently raised $932,000 for Folds of Honor during a fundraising event in Houston. Folds of Honor was created in 2007 when Lieutenant Colonel Dan Rooney flew home from his second tour of duty in Iraq.
A pair of states are considering legislation to join the Interstate Insurance Product Regulation Commission, commonly referred to as the “insurance compact.”
As the 2021 Life Insurance Awareness Month celebrity spokesperson, the singer will reinforce the value of financial security through life insurance.
New research by LIMRA and McKinsey & Co. finds 8 in 10 insurance executives believe their companies’ efforts to adopt digital solutions accelerated due to the COVID-19 pandemic.
Insurance companies had the best year in a decade but investments slipped in quality, according to the National Association of Insurance Commissioners’ Capital Markets Special Report.
A new partnership deal between Carson Group and Financial Independence Group will give Carson’s advisors access to a full range of insurance products.
As a young advisor in Australia, Russell Harrison thrived early on, quickly building an A list of clients in need…
LINCOLN, Nebraska – Ameritas will now offer a new survivor life insurance product, Value Plus Survivor Index Universal Life Insurance…
Prosecutors objected to the motion saying Robert Feldman doesn’t need to work because he’s living off his dead wife’s life insurance policy that was worth $751,000.
Life insurance activity growth slowed in May, but interest from those age 61 and older remained high.
Advisors should not be afraid to approach people and ask them about life insurance and other financial issues, Van Mueller said. Doing so could double or triple your appointments.
Expect even more digital acceleration while keeping empathy and a human touch throughout the life insurance purchase process.
LIMRA CEO David Levenson says record-breaking life applications and strong sales in April indicate that 2021 is poised to turn an outstanding first quarter into a year for the record books.
New evidence the Virginia Attorney General's Office has characterized as compelling could prove that a fatal Augusta County fire did not happen the way a jury was told it did more than two decades ago. Ledford is asking the Virginia Court of Appeals to grant a writ of actual innocence to clear his name and free him from a 50- year prison sentence.
May 29— Alonzo D. Middleton knows the value of hard work, taking what he learned from his humble farming roots in Orangeburg to become a successful businessman who served the local community he grew up in for more than 30 years. His start with Allstate began as early as 1985, with Middleton first serving out of an insurance booth in the old Sears Roebuck& Company…
An NAIC working group punted approval of a definition and data elements, which means accelerated underwriting data collection will be pushed back one year to 2024.
Overall, 7 in 10 life insurance carriers — including nine of the top 10 — reported increases in new annualized premium in the first three months of 2021.
A former North Augusta insurance agent and a Texas couple accused of fraud in obtaining life insurance policies valued at $4 million on a woman who was later murdered entered reduced pleas Monday in U.S. District Court in Columbia, S.C.
Death benefits paid by U.S. life insurers surged to a new high on an absolute basis in the first quarter as a resurgence of COVID-19 contributed to adverse mortality for several leading carriers, S&P Global Market Intelligence reported.
A state regulator group reversed course today and approved a definition of accelerated underwriting, and related data elements, after a torrent of criticism.
–Transamerica today announced the launch of new and enhanced employer-sponsored group disability and term life insurance. “The timing and expansion of our employer-sponsored benefits demonstrate Transamerica’s commitment to simplify the buying experience for employers and their financial professionals, and to develop solutions that help employees…