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Life Insurance News

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News, trends, sales data, and helpful peer advice for life insurance professionals, including insurance agents.

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Symetra Names Michael Derrig Vice President, Chief Underwriter for Individual Life Division

December 4, 2024

Symetra Life Insurance Company today announced the appointment of Michael Derrig as vice president, chief underwriter, for its Individual Life Division. Michael Derrig, Vice President, Chief Underwriter, Individual Life at Symetra. Mr. Derrig holds an Associate, Academy of Life Underwriting designation.

Annual Information Form 2024

December 4, 2024

From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make forward-looking statements in this 2024 Annual Information Form…

Luma Financial Technologies Partners with Advantage Insurance Network, Inc. (AIN) to Enhance Annuity and Life Insurance Access

December 4, 2024

This collaboration marks an industry first by introducing Luma’ s advanced technology into AIN Essentials in a single sign-on environment, providing all AIN Affiliates with instant access to an unparalleled suite of resources. “By partnering with Luma, we are ensuring that AIN Affiliates have simplified access to the most advanced technology available,”…

Anthem Blue Cross and Blue Shield and Mercy Announce New Contract

December 4, 2024

Mercy and Anthem Blue Cross and Blue Shield in Missouri have reached a new multi-year agreement providing Anthem members with continued access to affordable, high-quality care at all Mercy hospitals, outpatient care centers and physician offices across Missouri. With the new contract, Anthem members covered by Anthem employer-based, Medicare Advantage…

Sammons Financial Group Names Casey Decker to New Role as Chief Operating Officer

December 3, 2024

Casey Decker, Chief Operating Officer, Sammons Financial Group. As a result, we have created a new Senior Staff position of Chief Operating Officer,” said Esfand Dinshaw, Chief Executive Officer of Sammons Financial Group.“ This role is designed to streamline our operations and enhance our focus to leverage technology, service, and talent to drive scalable growth.”.

AmeriLife’s Insurance Services Partners Acquires One Health Benefits

December 3, 2024

Insurance Services, a family-run agency providing health, Medicare, and life insurance, and an affiliate of AmeriLife Group, LLC, announced today that it has acquired One Health Benefits, a full-service independent insurance agency specializing in individual, group and senior insurance solutions. Her passion and dedication align perfectly with our mission…

Q3 2024 Recording

December 3, 2024

NEW YORK, November 4, 2024- Brookfield Asset Management Ltd. today announced financial results for the quarter ended September 30, 2024. Connor Teskey, President of Brookfield Asset Management, stated, "We delivered record results in the third quarter, driven by the substantial increase in fee-bearing capital due to strong fundraising, deployment and…

December 3, 2024

IUL: What agents should know to present an illustration effectively

Indexed universal life’s complexity can make presenting an IUL illustration a challenge. 

What does a human life cost – and is it ethical to price it? Jenny Kleeman asked a hitman, philanthropists and a life insurer

December 2, 2024

The average price of hiring a hitman is A $30,000, estimates British journalist Jenny Kleeman in her intriguing and thought-provoking book, The Price of Life. The average price of a ransom: $560,000. The payout to families if one of their loved ones dies in an act of terrorism $75,000.

Seritage Growth Properties Makes $15 Million Loan Prepayment

December 2, 2024

Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, today announced that on November 27, 2024, the Company has made a voluntary prepayment of $15 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayments, the Company has…

Long-Term Care Insurance. Which Type Is Right For You?

December 2, 2024

Many individuals view a need for long-term care as potentially catastrophic to their retirement and estate plans. With the national average cost of long-term care at nearly $300 per day, it is easy to see why many would feel this way. The thought of diligent saving and preparation for retirement and asset transfer being derailed by a lengthy long-term care need…

State insurance commissioner receives national award

December 2, 2024

The Pennsylvania Insurance Department today announced that, for his advocacy efforts to bring significant consumer protections to Pennsylvanians over the last year, Pennsylvania Insurance Commissioner Michael Humphreys received the National Association of Insurance Commissioners Bonnie Burns Excellence in Consumer Advocacy Award.

Debt is limiting American retirement savings

December 2, 2024

The majority of Americans are working toward paying off debt and  many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study from Allianz Life.

Debt is Limiting American Retirement Savings, Allianz Life Study Finds

December 2, 2024

The majority of Americans are working toward paying off debt and many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America. The majority of Americans, 55%, say that they are currently working toward paying off debt to meet their long-term financial goals.

Legal Notices

November 28, 2024

ANNUAL STATEMENT OF AFFAIRS FOR THE FISCAL YEAR ENDING June 30, 2024- Sullivan CUSD 300. Salary Range: Less Than $25, 000: Bales, Lily; Bales, Scott Barnes, Aleisha N; Bartley, Ashley M; Bear, Amanda E; Bear, Jeremiah A; Berner, Samantha S; Bjornbak, Mark P; Boyer, Cadisen L; Casteel, Heather F; Clemons, Janet K; Coy, Megan N; Crutchfield, Stone J; Curry, Bruce; Dinger, Joshua L; Drake-Paul,…

AM Best Affirms Credit Ratings of Farmers New World Life Insurance Company and Farmers Reinsurance Company

November 27, 2024

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Farmers New World Life Insurance Company. The ratings also recognize the continued strategic value that FNWL provides to its ultimate parent, Zurich Insurance Group Ltd.. The ratings also reflect the company’ s strategic importance to Zurich Insurance Group…

AM Best Assigns Credit Ratings to CTBC Insurance Company Limited

November 27, 2024

The ratings also reflect the parental support CTBC Insurance receives from its intermediate parent, Taiwan Life Insurance Company Limited, as well as its ultimate parent, CTBC Financial Holding Company Limited, in terms of capital, business development and risk management. CTBC Insurance is a non-life insurance company established in 2006 as a wholly owned…

AM Best Upgrades Issuer Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries

November 26, 2024

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ aa” from“ aa-” and affirmed the Financial Strength Ratings of A+ of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has upgraded the Long-Term ICR to“ a+” from“ a” of Zurich, a non-operating holding company. Zurich reported a Swiss Solvency Test coverage ratio of 224%…

Beneficial Ownership Report – Form SC 13G

November 26, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13 G Under the Securities Exchange Act of 1934* Check the appropriate box to designate the rule pursuant to which this Schedule is filed:☑ Rule 13 d-1☐ Rule 13 d-1 (c)☐ Rule 13 d-1* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form…

November 25, 2024
Image shows a lady justice figure in front of a crown scene.
States are sure to pass more privacy laws in the coming years, experts say.

More proxy discrimination state laws are on the way, panel agrees

Executives agreed during a risk appraisal forum at NAILBA 43 that future state-based regulations are sure to impact underwriting.

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