Life Insurance News
Falls Church, VA (March 4, 2021) -- Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors (NAIFA),...
The post 11 Trade Association CEOs Urge Congress To Remove Advisors From PRO Act appeared first on InsuranceNewsNet.
CLEARWATER, Fla., March 2, 2021 -- AmeriLife Group, a national leader in developing, marketing, and distributing annuity, life, and health...
--Ameritas and NAIFA are teaming to advance the careers of rising stars in the financial services industry. This program engages the next generation of industry leaders and supports their development as a voice for our clients at the state and national levels, "said Kevin Mayeux, NAIFA Chief Executive Officer. Membership: Complimentary NAIFA membership...
The post Ameritas And NAIFA To Grow Leaders Through Financial Services Advocacy appeared first on InsuranceNewsNet.
--A new report by Vertafore on the state of the independent insurance channel workforce brings into sharp relief how the pandemic changed the nature of work in the industry, what insurance professionals value about their work and what independent agencies can do to support their people now and attract new talent in the future.
The post Report Reveals What Agents Want In 2021: Flexibility, Client Time appeared first on InsuranceNewsNet.
WASHINGTON, March 2-- The National Association of Insurance Commissioners issued the following news release on March 1, 2021:. The National Association of Insurance Commissioners released data today on life/fraternal and property/casualty insurers. *Total reported premiums for life insurance, including annuity considerations, deposit-type contract...
The Guardian Life Insurance Company of America announced an alliance with Protective Life Insurance Company to make Protective Lifetime Assurance Universal Life available through Guardian's financial representatives. "Our relationship with Protective Life Insurance Company expands our product portfolio and allows us to help more clients."
The post Guardian Life Expands Portfolio With Guaranteed Universal Life appeared first on InsuranceNewsNet.
"An analysis of Mr.[Darrin] Lopez's cell phone, seized after his arrest on Jan. 11, revealed that Ms. [Jennifer] Faith and Mr. Lopez were intimately involved. Ms. Faith used her cell phone to update Mr. Lopez on her efforts to collect on Mr. Faith's life insurance policy and to coach Mr. Lopez on how to respond to potential police questioning."
The post Feds: Murdered Man's Wife Charged In Life Insurance Scheme appeared first on InsuranceNewsNet.
COVID-19 forced insurance companies to take a new approach in how they deal with diversity and inclusion in their workforce, a panel said during a NAILBA discussion.
LOUIS— Federal prosecutors on Friday announced they won't seek the death penalty against a third person accused of conspiring to kill Andre Montgomery Jr., the grandson of the owner of Sweetie Pie's restaurants. Friday's court filing, regarding Travell Anthony Hill, is the result of a mandatory review process triggered when certain federal charges are filed.
The post Feds Not Seeking Death Penalty For Defendant In Murder Linked To Sweetie Pie’s Family appeared first on InsuranceNewsNet.
A 130-year-old industry association is looking ahead to the next five years by looking at ways to increase its diversity, foster the growth of the next generation of advisors and raising awareness of financial services as an appealing career among students.
The post NAIFA Looks At Boosting Diversity, Growing Next Gen Of Advisors appeared first on InsuranceNewsNet.
Northwestern Mutual announced 2020 results today, reporting new records in seven key measures: revenue, total surplus, total company assets, client investment assets, total dividend payout, new clients and new financial professionals.
The post Northwestern Mutual Announces ‘Record’ 2020 Financial Results appeared first on InsuranceNewsNet.
Consumer priorities have changed significantly as a result of the COVID-19 pandemic, with nearly half (45%) of consumers surveyed planning to save more and those most impacted financially seeking to mitigate future financial uncertainty.
The post COVID-19 Prompts Consumers To Save More Money: EY Survey appeared first on InsuranceNewsNet.
U.S. Mortgage Insurance 2020 Full Year Adjusted Operating Income Of $381 Million; Record New Insurance Written U.S. MI's PMIERs1 Sufficiency Ratio Estimated At 137 Percent, $1,229 Million Above Published Requirements Annual U.S. GAAP Assumption Review Completed For U.S. Life Insurance: Net Favorable Impacts Of $13 Million After-Tax In Long Term Care...
The post Genworth Financial Announces Fourth Quarter 2020 Results appeared first on InsuranceNewsNet.
KING OF PRUSSIA, PA – February 11, 2020 – George Nichols III, President and CEO at The American College of...
The post Karim Hill To Lead The American College’s Center For Economic Empowerment And Equality appeared first on InsuranceNewsNet.
Radnor, Pa., Feb. 9, 2021 – The pandemic continues to create financial challenges for all Americans, but research from Lincoln...
The post More Black Americans Changed Their Money Habits As A Result Of COVID-19 appeared first on InsuranceNewsNet.
According to court documents, Biegler represented Montana Premier Insurance LLC at 1184 Daybreak in Helena prior to Dec. 19, 2019. That business was dissolved in December 2019 for failure to file an annual report, and on Feb. 5, 2020 Biegler formed Montana Premier Insurance and Consulting LLC at the same business address. According to court documents, Biegler...
The post Ex-Insurance Agent From Montana Charged With Fraud And Theft appeared first on InsuranceNewsNet.
PARK RIDGE, Ill. (Feb. 9, 2021) — Throughout its nearly 100-year history, MDRT has evolved alongside the financial services profession,...
Life insurance application activity continues to grow at a steady pace early in 2021, with year-over-year activity up 3.9%, according to the January MIB Life Index. Growth was largely driven by the 31-50 age group, up 8.5%, MIP reported, while older age groups age 61+ declined year over year.
The post Life Insurance Activity Growing ‘Steady’ So Far In 2021: MIB appeared first on InsuranceNewsNet.
Under the terms of the settlement, Northwestern Mutual will pay a $287,000 administrative penalty and will be required to report quarterly to the Department on its claims payments for the next two years.
The post Northwestern Mutual To Pay Vermont $287K For Policy Underpayments appeared first on InsuranceNewsNet.
Life stages offer different challenges and rewards whether you're starting out on your own, raising a family, focusing on your career or preparing for a rewarding retirement. However, while each stage may be unique, it's important to make sure your loved ones are cared for financially along the way. Surprisingly, it's when you're young and at your healthiest that...
A recent survey of over 100 health/life insurance experts found that 59% of industry professionals believe that there is a major move online for consumers for the insurance purchase process for personal products like life, health, and property& casualty insurance.
The post Life Insurance Sales Move Online, Complexity Keeps Agents In Game appeared first on InsuranceNewsNet.
Lawyer Desmond H. Staple died March 16, 2016. According to news reports, he was found unresponsive in his car in a Walmart parking lot in Hillsborough County. The medical examiner found large quantities of acetaminophen and aspirin in his blood stream.
The post Northwestern Mutual Wins $4M Zoom Trial After Jury Rules Suicide appeared first on InsuranceNewsNet.
Arlington, Va. — Nearly six in 10 (59%) Americans are planning to make “carpe diem” their new mantra after the...
The post Americans Enter 2021 With A New Outlook On Life, Love And Life Insurance appeared first on InsuranceNewsNet.
The COVID-19 epidemic highlighted the need for life insurance and illuminated the gap of uninsured and underinsured American families, a longstanding problem illustrated by LIMRA research.
The post Trade Associations Team Up To Tackle Life Insurance Coverage Gap appeared first on InsuranceNewsNet.
State Farm made a January 2020 move that would power the insurer through a turbulent year: It rekindled its iconic tagline, “Like a Good Neighbor, State Farm Is There.” The 49-year-old line is among the most recognizable phrases in advertising, said Ad Age, which named State Farm a 2020 Marketer of the Year.
The post State Farm NFL Ads Crushing The Marketing Competition appeared first on InsuranceNewsNet.
The COVID-19 pandemic is motivating large numbers of people to seek life insurance coverage for their families. Faster underwriting and direct-to-consumer channels also helped Principal boost its life insurance count, CEO Dan Houston said.
The post Principal Financial Group Saw Record Life Insurance Apps In 2020 appeared first on InsuranceNewsNet.
The National Association of Insurance and Financial Advisors announced that Jack E. Bobo, CLU, FLMI, passed away on January 15,...
The Allstate Corporation has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion.
The post Allstate Sells Life Insurance Unit To Blackstone In $2.8B Deal appeared first on InsuranceNewsNet.
The lawsuit focuses on universal life insurance policies issued by Security Life under names such as Strategic Accumulator Universal Life. The policies include a separate COI charge deducted monthly and meant to compensate Security Life for its mortality risk, the lawsuit noted.
The post Insurer Gets Partial Victory In Colorado COI Lawsuit Verdict appeared first on InsuranceNewsNet.
Although the Consolidated Appropriations Act was largely a spending and stimulus relief bill, it also contained a provision that changed the determination of a minimum interest rate used in certain tax-related calculations for life insurance contracts.
The post Hidden In Stimulus Bill: A Win For Whole Life Insurers appeared first on InsuranceNewsNet.
NEWARK, N.J., Jan. 25, 2021 – Prudential Financial, Inc. has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement...
The post Caroline Feeney Named CEO Of Prudential US Life & Retirement Businesses appeared first on InsuranceNewsNet.
For nearly a year, we have been unable to make long-term plans or create a realistic budget due to the COVID-19 pandemic. Unemployment, furloughs, and pay cuts have made it difficult for many people worldwide to pay their bills. Call your current insurance carrier to inquire if you can still take advantage of them, "explains Clay Janson of Phocus Insurance, a...
The post How COVID-19 May Affect Various Insurance Policies appeared first on InsuranceNewsNet.
A federal judge tossed out a lawsuit accusing MetLife and its executives of defrauding investors concerning accounting for its retirement and income solution line of business. In a Jan. 11 decision, Judge Sterling Johnson, Jr. of the Eastern District of New York found the claims "without merit."
The post Judge Tosses Lawsuit Accusing MetLife Of Defrauding Investors appeared first on InsuranceNewsNet.
Federal authorities said ex-Rep. Robin Hayes participated in a scheme while GOP state chairman in which wealthy insurance company exec Greg Lindberg attempted to bribe the state insurance commissioner with $1.5 million in campaign funds in exchange for removing a top department regulator.
The post Trump Pardons Ex-GOP Leader At Center Of Greg Lindberg Bribe Case appeared first on InsuranceNewsNet.
Sholam Weiss helped destroy the National Heritage Life Insurance Co. in a $450 million fraud scheme carried out in the 1990s. He was convicted of racketeering, wire fraud, money laundering, and obstruction of justice and given an 835-year sentence, one of the longest for a white collar crime in U.S. history.
The post Life Insurance Fraudster Among Those Given Clemency By Trump appeared first on InsuranceNewsNet.
A pair of McKinsey & Co. analysts briefed members of the National Association of Independent Life Brokerage Agencies last week and described a life insurance industry in desperate need of digital skills, younger talent and products that offer innovate solutions for a changing demographic.
The post McKinsey To Insurance: Get Younger, Get Digital And Get Flexible appeared first on InsuranceNewsNet.
Deborah Bailey, 26, a graduate of Verdugo Hills High and UCLA, was killed on Dec. 24, 1980. Thomas Edward Waterbury, 61, on Jan. 7, 2021, received his first hearing before the California Department of Corrections and Rehabilitation Parole Board after Gov. Gavin Newsom commuted his sentence of life without parole in order to allow him to one day seek freedom.
The post Despite Commutation, California Man Denied Parole For Murdering Wife In 1980 appeared first on InsuranceNewsNet.
Two insurers are defendants in new lawsuits filed in California over whether proper notice was given in cases of lapse or termination of policies. The plaintiffs claim American National Insurance Company and Lincoln Benefit Life Company violated a 2013 California law that beefed up notification requirements.
The post Insurers Lapsed Without Notice, Breaking California Law, Lawsuits Say appeared first on InsuranceNewsNet.
CARMEL, Ind., Jan. 14, 2021 /PRNewswire/ -- Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income...
The post Washington National Offers New Life Insurance With Monthly Income Protection appeared first on InsuranceNewsNet.
Financial services trade associations raise substantial sums of political action committee funds, money that supports lobbying efforts on important issues. In light of last week's mob attack on the Capitol and the tense political atmosphere, trade associations are reviewing donor policies.
The post Insurance Trades Reconsider Political Donations After Capitol Attack appeared first on InsuranceNewsNet.
Financial advisor clients feel better about their financial situation when they believe their advisor has recommended the right amount of life insurance for them, according to research conducted by Jamie Hopkins. But a third of advisors think that half their clients don't have the right amount of life insurance.
The post Life Insurance Key To Financial Client Satisfaction, Report Shows appeared first on InsuranceNewsNet.
For most of us, thinking about creating even a simple last will and testament is about as enjoyable as having teeth pulled. We procrastinate, we make excuses and we justify avoidance. We may even think of situations in which people have managed to die without proper documents in place and how those specific instances turned out fine after all.
The Congressional Review Act was a little-used device that Republicans used frequently early in the Trump presidency. It's a model that a Democrat-controlled Senate could employ to kill two rules that invited public scorn.
The post 2 Controversial DOL Rules A Democratic Senate Could Kill appeared first on InsuranceNewsNet.
Genworth and Oceanwide have not extended the current Dec. 31, 2020, "end date" under the merger agreement, Genworth said in a news release on its website. The deadline to complete the merger already has been extended 16 times. Such a merger was expected to infuse Genworth with $1.5 billion in capital.
The post Genworth Focusing On ‘Contingency Plan’ As Merger In Limbo appeared first on InsuranceNewsNet.
It was a tough year to be a life insurance agent as COVID-19 swept across the country and led to business restrictions and stay-home advisories. On the other hand, the pandemic reminded Americans of the value of planning and life insurance. These five most-read stories reflect the year in life insurance.
The post Top 5 Life Insurance Stories Of 2020: COVID-19 Dominates appeared first on InsuranceNewsNet.
George Luna, 71, is serving two life sentences after a Pennington County jury found him guilty of the first-degree murders of his wife and mother-in-law. Lynn Luna- a 26- year-old in the process of divorcing her husband- and her mother, Helen Thomas, 65, were beaten to death at their home on Fairview Street, according to Journal archives. In 2018, Presiding Judge...
The post Judge To Decide If SD Man Convicted In Double Murder To Get New Trial appeared first on InsuranceNewsNet.
WASHINGTON, Dec. 23, 2020 — Homeless New Yorkers are targeted in a $31.7 million slip-and-fall ring … A crime ring...
The post Hall Of Shame Showcases $80B Pandemic Of Insurance Fraud appeared first on InsuranceNewsNet.
With interest rates at historically low levels and economic uncertainty remaining high, Moody’s Investors Service found its portfolio of U.S....
The post Life Insurers Can Withstand Even Extreme COVID-19 Second Wave, Moody’s Says appeared first on InsuranceNewsNet.
"We received over 50 nominations of BGA principals, carrier executives, case managers, contract specialists, regional vice presidents, underwriters, techies, marketing and operational gurus," said NAILBA CEO, Dan LaBert. Bryan Adams· Co-Founder& CEO· Integrity Marketing Group Andy Albright· CEO· National Agents Insurance Dan Allison· Managing Partner· Brokers...
Falls Church, VA (December 15, 2020) – The National Association of Insurance and Financial Advisors (NAIFA) announced Terry Headley, LUTCF,...
The post Terry Headley Receives The 2020 John Newton Russell Memorial Award appeared first on InsuranceNewsNet.
Carrier & Product News
Make young clients term sale more profitable! If you have a client under 35, can they get longer than 30 years on a true term policy? YES!!! Prudential's Workforce 65 product goes to age 65, and can be issued to a client as young as 25 years old! So, YES, there is a...