If you've been thinking about life insurance, especially if you have family, loved ones, or anyone who depends on you financially, you might be curious about the different kinds of policies available. Which type is right for you? Essentially, you can look at two main categories of life insurance: term and permanent.
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State genetic information bans not necessary, life insurance lobbyists say
A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.
MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C
MassMutual financial professionals can now offer their clients and prospects property/casualty insurance, thanks to a partnership between MassMutual and Insurify.
$80M verdict for 3 workers fired for taking ‘off the record’ time off in California
Three former workers in a Northern California office of the Zurich American Insurance Co. who were fired after taking“ off-the-record” paid time off were awarded more than $80 million in damages by a Sacramento jury Thursday, Sacramento attorney Lawrance Bohm announced. The case stemmed from a lawsuit originally filed in 2018 that went to trial after Zurich…
NY lawsuit over premium financing tests oversight promised by Reg 187
A premium financing deal gone bad in New York State could test the state’s tough Regulation 187 best-interest rule.
Fitch monitoring Globe Life following short seller’s allegations
Fitch Ratings continues to monitor the impact to Globe Life’s financial and operational performance following last week’s short seller report that included allegations of insurance fraud and misconduct that led to a material decline in the company’s share price.
Both fraternals are working toward a July 1 merger effective date, pending regulatory approval.
Globe Life accused of rampant insurance fraud by short-seller report
Globe Life is reeling after a report Thursday accused brokers at subsidiary American Income Life of widespread insurance fraud.
How insurance companies can speak their customers’ language
Language barriers make it difficult for people with limited English proficiency to file claims.
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, announced that its principal subsidiary, Protective Life Insurance Company, entered into an agreement to acquire ShelterPoint Group, Inc., a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others.
Help women retire with confidence and dignity
Women face a multitude of obstacles that require a tailored approach to retirement planning.
NAIFA revises LUTCF program
The LUTCF designation has been relaunched to serve a new generation of industry professionals in a way that is relevant to them.
Despite the total breaches rising by 9%, the Annual Industry Data and Compliance Report found that the number of customers impacted by breaches declined between 1 July 2022 and 30 June 2023. This indicates we are making headway in delivering better outcomes for consumers,” Ms McClelland said. Life insurers must prioritise meeting claims handling and…
Commentary: NAIC should not allow Europe to write our insurance rules
NAIC shouldn’t allow European or other foreign regulators to regulate our insurance markets through the back door.
StanCorp Financial Group, Inc., also known as “The Standard,” today announced the closing of the acquisition of Elevance Health’s life and disability insurance business in accordance with the terms of the agreement reported on March 28, 2023.
Your insurance company may know more about you than you realize.
NeuGen sued MassMutual, alleging nearly 300 former NeuGen employees lost $3 million when MassMutual terminated a retirement fund after NeuGen announced layoffs in 2022.
Supreme Court takes on life insurance as a corporate asset
The Supreme Court to weigh in on whether the proceeds of a life insurance policy taken out by a corporation on a shareholder is a corporate asset.
How can the industry inspire the next generation of women in insurance?
By mentoring, fostering open dialogue, and driving advancements in the industry, we can cultivate a culture of innovation and continuous improvement.
Financial downsizing for a more comfortable retirement
Downsizing in later years is more than about moving to a smaller home.
