AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
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LITTLETON— Bringing drive and foresight, Paul McGoldrick was a pivotal man at a critical time. Paul passed away in 2015 after quite a career in Littleton. He moved to Littleton in 1964 with New England Telephone.
Survivorship life insurance, often called “second-to-die life insurance,” covers two policyowners and pays a death benefit when both have died.
Allianz Investment Management LLC, a subsidiary of Allianz Life Insurance Company of North America and adviser to the AllianzIM exchange-traded funds, today announced the launch of two ETFs: the AllianzIM U.S. Equity Buffer100 Protection ETF and the AllianzIM U.S. Equity Buffer15 ETF. Built on AllianzIM’ s deep expertise in risk management, both AIOO and QBSF…
John Hancock’s Vitality builds a decade of success on living well
Ten years ago, John Hancock asked a bold question: What if we could build customers – and profits – by rewarding people for living well?
Dearborn Group shifts focus to core health offerings as Symetra adds scale to growing Workforce Benefits business. CHICAGO& BELLEVUE, Wash.—- Dearborn Group, one of the nation’ s largest ancillary benefits providers, and Symetra Life Insurance Company, a national provider of life, retirement and employee benefit insurance products, today announced a definitive…
Actuaries seek better data on troubling age 80+ mortality trend
Regulators and actuaries are considering a data change to better account for a puzzling mortality degradation in individuals ages 80 and older.
A woman increased her stepdad’ s life insurance policy to $750,000, then 16 days later had her boyfriend kill him, Florida authorities said. A jury convicted 48- year-old Perry Stanley of first-degree murder and possession of a firearm by a convicted felon, the State Attorney’ s Office for the Seventh Judicial Circuit announced June 26. His girlfriend at the time,…
Royal Neighbors of America has announced the launch of its new Jet Single Premium Whole Life product.
People who have yet to associate the word' insurance' with adjectives like' friendly',' helpful' and' fun' have not met Farmers Agent, Lisa Beamer. Beamer, who won the Worland-Ten Sleep Chamber of Commerce Small Business of the Year award in 2025, has been serving the Worland community as an insurance agent for a decade and is passionate about what she does.
The retirement shuffle: How the industry can adapt
Market volatility, recession fears, tariff uncertainties and other macroeconomic factors are driving many investors to rethink their long-term retirement and financial plans.
Securian Financial today promoted John Heshelman to vice president and chief investment officer. John Heshelman, Securian Financial vice president and chief investment officer. Heshelman also provides investment market and portfolio insights to Securian Financial leaders, including the company’ s board of directors.
On June 26, 2025, Venerable Holdings, Inc. announced a transaction with Corebridge Financial, Inc. pursuant to which it will reinsure approximately $51 billion of variable annuity business from American General Life Insurance Company and The US Life Insurance Company in the City of New York. Additionally, Venerable will acquire Corebridge’ s investment…
Corebridge Financial, Inc. today announced that it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, Inc. to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51 billion as of March 31, 2025. The transaction is valued at $2.8 billion, consisting of both ceding commission and…
“We’ re so proud that Pacific Protector Plus VUL was chosen to be a part of the State Farm portfolio. State Farm is committed to meeting customers’ needs with products and services to help customers manage the risks of everyday life and realize their dream. The design of Pacific Protector Plus VUL offers the opportunity for authorized State Farm agents to help…
When asked to guess what the premium of a $250,000 20-year, level term policy would be for themselves, healthy adults in the 18–30-year-old range overestimated the median cost about 10–12 times more than its true cost.
New York Life, America’ s largest 1 mutual life insurer, is proud to announce the launch of the New York Life Financial Empowerment Scholarship, reflecting the company’ s ongoing commitment to supporting students throughout major life events and expanding access to financial literacy. Those from the high school classes of 2025 and 2026 can apply now through 4…
More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Nearly half of all Americans say…
A-Cap provides update on life insurers after tangling with regulators
After battling with regulators in Utah and South Carolina for much of the past 18 months, Advantage Capital and its…
State claims added to amended lawsuit over National Life IUL illustrations
An Indiana woman suing NLV Financial Corp. and two life insurance subsidiaries over a 2023 indexed universal life policy that returned 0% is tacking on state claims in an amended complaint.
