While Social Security is a significant part of a retirement strategy, the majority of Americans lack knowledge about the benefit, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America. More than half of Americans say they do not know much about Social Security or how it will fit into their retirement plan.
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Life is full of life-changing moments. Moving to a different city, starting a new job, becoming a first-time parent. For a 40- year-old in the market for a 20- year, $500,000 term life policy, the average cost of life insurance is just $26 a month, according to Covr Financial Technologies, a life insurance brokerage.
Independent distribution: How it’s changing the industry
As the number of independent advisors has grown, the influence of intermediaries has grown as well.
Business commencement date: March 21, 1988. The Summary of Solvency Report for First Half of 2024 is prepared in accordance with applicable regulations including the Regulatory Rules on Solvency of Insurance Companies released by the former China Banking and Insurance Regulatory Commission and the National Financial Regulatory Administration's…
Mayor Eric Adams and the New York City Commission on Human Rights announced the settlement— the largest of its kind in city history— on Aug. 22. The company runs a massive housing complex of over 6,000 units in a planned community originally established by Metropolitan Life insurance company. The Bronx Times left a message for the company but did not receive a…
COLUMBUS, Ga., August 23, 2024/ CSRwire/- When it comes to taking care of their health, there are a few simple things that young people may be missing: making and keeping appointments with their primary care physicians, and leaning too heavily on urgent care and the emergency room for their primary care. This, according to Doctor Mike Varshavski, is supported by the…
AM Best has affirmed the Financial Strength Rating of A+ the Long-Term Issuer Credit Rating to“ aa-” of the members of Allstate Insurance Group. In addition, AM Best has affirmed the FSR of B and the Long-Term ICR of“ bb” of the members of Castle Key Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and all existing Long-and Short-Term Issue Credit Ratings…
In addition, AM Best has removed from under review with developing implications and affirmed the FSR of A- and the Long-Term ICR of“ a-” of Ozark National Life Insurance Company. The ratings of NWLIC were placed under review with negative implications on Oct. 11, 2023, following the announcement that National Western and S. USA Life Insurance Company, Inc., a…
Lawsuit revived for man who lost $16M in life policies on a missed payment
A federal appeals court gave a partial win to a Connecticut man claiming that AXA Equitable allowed his life insurance policies to lapse without any payment reminder.
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,…
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…
