Life Insurance News
While in agreement that bigger is better in the retirement plan management world, Principal Financial executives say they feel no pressure to respond to the blockbuster Empower Retirement acquisition.
The post Principal Financial In A ‘Good Place To Fight From’ As Competitors Scale Up appeared first on InsuranceNewsNet.
A federal grand jury indicted two Boston-area men for what authorities say was a series of illegal online activities including romance scams, fraudulent unemployment claims and fake federal disaster loans.
The post Women Lost Retirement, Life Insurance In Romance Scams, FBI Alleges appeared first on InsuranceNewsNet.
Jul. 27— LINCOLN COUNTY— Pamela Hupp, who is already serving a life term in prison for another murder, made her first court appearance Tuesday on charges connected to the death of her friend, Elizabeth "Betsy" Faria, in 2011.. Hupp's lawyers had already entered a not guilty plea in a court filing last week, and sought a waiver from Hupp's appearance at Tuesday's hearing...
The post Pamela Hupp Makes Her First Appearance In Court On New Murder Charge appeared first on InsuranceNewsNet.
Based in Hartford, Conn., Saybrus Partners was formed in 2009 to bring its boutique model to institutions, delivering customized support, proactive consultation and transparent, centralized management for advisors and insurance agents.
The post AmeriLife Group Acquires Saybrus Partners From Nassau Financial Group appeared first on InsuranceNewsNet.
Although the state’s Supreme Court overturned Regulation 187, many major carriers have already pulled out of the state, which is appealing the court’s ruling.
The post Lincoln The Latest Carrier To Pull Life Products From New York appeared first on InsuranceNewsNet.
A New York man was sentenced Monday to 46 months in federal prison for participating in business email compromise scams.
The post US Attorney: NY Man’s Scams Included The Theft Of 420K In Life Insurance appeared first on InsuranceNewsNet.
ATLANTA, July 20, 2021—Total final expense life insurance premium was $480 million among the 19 companies providing sales for both...
The post Final Expense, Pre-Need Life Insurance Show Mixed Sales Results In 2020 appeared first on InsuranceNewsNet.
A 55- year-old Lexington woman who researched various fatal poisons on the internet was sentenced to 30 years in prison Friday for killing her her husband. Kimberly Groh, who will be in her late 70 s or 80 s when she finally gets out of prison, had pleaded guilty to voluntary manslaughter earlier in the week and was sentenced by S.C. On Nov. 30, 2016, Groh’ s husband of...
The post SC Woman Who Shot Husband To Death Sentenced To 30 Years In Prison appeared first on InsuranceNewsNet.
Life insurance application activity ended the second quarter up 7.3% for the year, the MIB Life Index reported.
The post First-Half 2021 Life Insurance Applications Up Sharply, MIB Reports appeared first on InsuranceNewsNet.
Regulators are focused on two options for "run-off" or "legacy" books of business: insurance business transfer laws, or the more arcane “division” framework.
The post State Regulators Working To Assist Insurers With Run-Off Blocks appeared first on InsuranceNewsNet.
ARLINGTON, VA, July 13, 2021 — Global life and property and casualty insurers want to improve the efficiency and auditability...
The post Life, P/C Insurers Plan To Accelerate Automation Over The Next 5 Years appeared first on InsuranceNewsNet.
Plaintiffs allege that Felix Chu, as a New York Life agent, lured them into investing life insurance proceeds, retirement funds, and other assets in the purchase of unregistered promissory notes.
The post Former New York Life Agent Ran Ponzi Scheme, California Suit Alleges appeared first on InsuranceNewsNet.
Triple murder suspect Chad Daybell faces insurance fraud after receiving around $430,000 in life insurance benefits.
The post Triple-Murder Suspect Chad Daybell Faces Life Insurance Fraud Accusation appeared first on InsuranceNewsNet.
LINCOLN COUNTY, Mo. Witnesses in a murder case are talking to police after being ignored for almost a decade. When Russ Faria was wrongfully convicted in 2013, Fox 2' s investigation led to St. Peters where a man said he had information about Pam Hupp. In 2014, Murphy had evidence that was ignored by Lincoln County authorities back then.
The post Police Still Investigating 10-Year-Old Missouri Murder Case appeared first on InsuranceNewsNet.
First-quarter non-variable universal life insurance sales were down double digits, according to Wink’s Sales & Market Report.
The post Universal Life Sales Hit ‘All-Time Low’ In 1st Quarter, Wink Reports appeared first on InsuranceNewsNet.
Through the third quarter of 2020, sales of chronic illness riders as a percent of total sales were 7.7% for UL products and 46.3% for IUL products.
The post Ratio Of IUL Sales Climb In Latest Milliman Analysis appeared first on InsuranceNewsNet.
Black Americans were significantly more likely to be concerned about being able to save for an emergency fund, pay their monthly bills and their mortgage, and leaving their families in a difficult situation due to a premature death.
The post Black American Life Insurance Ownership Up During Pandemic: Study appeared first on InsuranceNewsNet.
Binghamton, N.Y. (June 29, 2021) – Columbian Mutual Life Insurance Company today announced that its Board of Directors has unanimously...
The post Columbian Financial Group Announces Strategic Transaction With Constellation appeared first on InsuranceNewsNet.
CHATTANOOGA, Tenn. (June 28, 2021) — Companies have a new option to customize financial protection benefits for their workers, thanks to...
American International Group, Inc. today released its first Environmental, Social and Governance (ESG) Report detailing the company’s strategic progress.
The post AIG Releases First Environmental, Social And Governance Report appeared first on InsuranceNewsNet.
The insurance industry charged into the diversity debate following the death of of George Floyd on May 25, 2020, and the ensuing Black Lives Matter protests.
The post George Nichols Challenges CEOs On Diversity: ‘What Have You Done?’ appeared first on InsuranceNewsNet.
The pandemic shifted the focus to technology and big data usage. Insurers loosened restrictions on accelerated underwriting, electronic signatures and medical exams. Will it continue?
The post Global Insurance Risks Start With The Good, Bad And Ugly Of Big Data appeared first on InsuranceNewsNet.
--AmeriLife Group, LLC, a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, has acquired Maximum Senior Benefits, a retail insurance marketing organization that distributes final expense insurance. MSB is headquartered in Utah and a majority of their agency partners are located in the Western United...
The post AmeriLife Partners With Maximum Senior Benefits To Expand Final Expense Offerings appeared first on InsuranceNewsNet.
Researchers are studying a COVID "syndrome" that results in deaths months after the patients get over the disease, explained Paolo Bandeira Pinho, vice president and medical director of innovation for Diameter Health.
The post Insurers Struggle With Long-Term COVID-19 Death Threats appeared first on InsuranceNewsNet.
--In keeping with its commitment to the local community and the communities our advisors serve, Advisors Excel and its affiliated financial professionals recently raised $932,000 for Folds of Honor during a fundraising event in Houston. Folds of Honor was created in 2007 when Lieutenant Colonel Dan Rooney flew home from his second tour of duty in Iraq.
The post Advisors Excel Event Raises Nearly $1M For Folds Of Honor appeared first on InsuranceNewsNet.
A pair of states are considering legislation to join the Interstate Insurance Product Regulation Commission, commonly referred to as the "insurance compact."
The post Delaware, NY, Debate Legislation To Join The Insurance Compact appeared first on InsuranceNewsNet.
As the 2021 Life Insurance Awareness Month celebrity spokesperson, the singer will reinforce the value of financial security through life insurance.
The post Kelly Rowland: Life Insurance Is A Way Of Saying ‘I’ve Got You’ appeared first on InsuranceNewsNet.
New research by LIMRA and McKinsey & Co. finds 8 in 10 insurance executives believe their companies’ efforts to adopt digital solutions accelerated due to the COVID-19 pandemic.
The post Execs Say Digital Transformation Will Continue As Pandemic Fades appeared first on InsuranceNewsNet.
Insurance companies had the best year in a decade but investments slipped in quality, according to the National Association of Insurance Commissioners’ Capital Markets Special Report.
The post Insurers See Record Returns With Riskier Bets, NAIC Reports appeared first on InsuranceNewsNet.
A new partnership deal between Carson Group and Financial Independence Group will give Carson's advisors access to a full range of insurance products.
The post Carson Group Strikes Blockbuster Deal With Insurance Marketing Group appeared first on InsuranceNewsNet.
As a young advisor in Australia, Russell Harrison thrived early on, quickly building an A list of clients in need...
The post How Russell Harrison Brought In The Elephants To Boost Referrals appeared first on InsuranceNewsNet.
LINCOLN, Nebraska – Ameritas will now offer a new survivor life insurance product, Value Plus Survivor Index Universal Life Insurance...
Prosecutors objected to the motion saying Robert Feldman doesn't need to work because he's living off his dead wife's life insurance policy that was worth $751,000.
The post Denver Judge: No Work Release For Man Accused Of Killing Wife appeared first on InsuranceNewsNet.
Life insurance activity growth slowed in May, but interest from those age 61 and older remained high.
The post The 61+ Age Group Has Highest Life Insurance Activity In May, MIB Says appeared first on InsuranceNewsNet.
Advisors should not be afraid to approach people and ask them about life insurance and other financial issues, Van Mueller said. Doing so could double or triple your appointments.
The post Van Mueller: It’s The ‘Greatest Time Ever’ For Cash-Value Life Insurance appeared first on InsuranceNewsNet.
Expect even more digital acceleration while keeping empathy and a human touch throughout the life insurance purchase process.
The post Digital Acceleration Will Drive The Customer Experience: LIMRA Panel appeared first on InsuranceNewsNet.
LIMRA CEO David Levenson says record-breaking life applications and strong sales in April indicate that 2021 is poised to turn an outstanding first quarter into a year for the record books.
The post Life Sales’ Strong Spring May Be A Harbinger For A Record Year appeared first on InsuranceNewsNet.
New evidence the Virginia Attorney General's Office has characterized as compelling could prove that a fatal Augusta County fire did not happen the way a jury was told it did more than two decades ago. Ledford is asking the Virginia Court of Appeals to grant a writ of actual innocence to clear his name and free him from a 50- year prison sentence.
The post New Evidence Could Exonerate Man In 1999 Virginia Fire That Killed His Son appeared first on InsuranceNewsNet.
May 29— Alonzo D. Middleton knows the value of hard work, taking what he learned from his humble farming roots in Orangeburg to become a successful businessman who served the local community he grew up in for more than 30 years. His start with Allstate began as early as 1985, with Middleton first serving out of an insurance booth in the old Sears Roebuck& Company...
The post ‘I Am At Peace’: South Carolina Insurance Agent Retires With Deep Community Ties appeared first on InsuranceNewsNet.
An NAIC working group punted approval of a definition and data elements, which means accelerated underwriting data collection will be pushed back one year to 2024.
The post ‘Regrettable’: NAIC To Delay Accelerated Underwriting Reporting Until 2024 appeared first on InsuranceNewsNet.
Overall, 7 in 10 life insurance carriers — including nine of the top 10 — reported increases in new annualized premium in the first three months of 2021.
The post Life Insurance Sales Up A Whopping 11% In 1Q, LIMRA Reports appeared first on InsuranceNewsNet.
A former North Augusta insurance agent and a Texas couple accused of fraud in obtaining life insurance policies valued at $4 million on a woman who was later murdered entered reduced pleas Monday in U.S. District Court in Columbia, S.C.
The post Final Guilty Pleas Entered In Irish Travellers Life Insurance Criminal Cases appeared first on InsuranceNewsNet.
Death benefits paid by U.S. life insurers surged to a new high on an absolute basis in the first quarter as a resurgence of COVID-19 contributed to adverse mortality for several leading carriers, S&P Global Market Intelligence reported.
A state regulator group reversed course today and approved a definition of accelerated underwriting, and related data elements, after a torrent of criticism.
The post NAIC Group Defines ‘Accelerated Underwriting’ Over Industry Protests appeared first on InsuranceNewsNet.
--Transamerica today announced the launch of new and enhanced employer-sponsored group disability and term life insurance. "The timing and expansion of our employer-sponsored benefits demonstrate Transamerica's commitment to simplify the buying experience for employers and their financial professionals, and to develop solutions that help employees...
The post Transamerica Expands Benefits Offerings With New Group Life, Disability Products appeared first on InsuranceNewsNet.
--North American Company for Life and Health Insurance ® now offers an indexed universal life insurance product that provides the death benefit protection only life insurance can offer, while accumulating potential long-term cash value for other purposes including to help supplement retirement income. Builder Plus IUL 3 is a new addition to North...
The post North American Grows Index Universal Life Product Line appeared first on InsuranceNewsNet.
First Unum Life Insurance Company of America and Paul Revere Life Insurance Company will pay a $1.8 million penalty to New York State for violations of DFS’s Cybersecurity Regulation.
The post Unum And Paul Revere Life Insurance Cos. To Pay $1.8M Penalty For Cybersecurity Violations appeared first on InsuranceNewsNet.
Several consumer groups are accusing life insurers of obstructing an effort by state insurance regulators to establish guidelines for accelerated underwriting.
The post Consumer Reps: Insurers Use ‘Bad Faith’ On Underwriting Definitions appeared first on InsuranceNewsNet.
Indexed life sales were back on the uptick in the fourth quarter 2020 while the death knell sounded for traditional universal life insurance. That was the word as Wink, Inc. released the fourth quarter 2020 life sales results.
Fitch Ratings-Chicago/New York-19 May 2021: Fitch Ratings has revised its rating outlook for the U.S. life insurance industry to stable...
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...