Life Insurance News
North American Company for Life and Health Insurance ®, a member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won“ Annuity Index of the Year” by SRP Americas. About North American...
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Securian Financial is teaming up with the industry’ s premier emergency medical transportation benefit service— MASA— in an exclusive agreement to offer market-leading ambulance coverage as an addition to Securian’ s group accident insurance product offered in workplaces throughout the country. “Securian Financial is excited to team with MASA to...
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Jim House of Searcy was among five inducted into the Arkansas Insurance Hall of Fame on Oct. 17. He graduated from Harding University with a degree in business management in 1966. His territory included White County and four other counties, which contained the cities of Conway, Beebe, Bald Knob, Hazen, Brinkley and a few other small towns.
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HOUSTON, TX— American National Insurance Company has been recognized by AM Best for maintaining an A rating for 83 consecutive years, earning a place on the 2024 Best's Review "Standing the Test of Time" list. This recognition honors U.S. life and health insurers that have demonstrated long-term financial strength, having sustained Best's Financial Strength...
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State insurance regulators advanced 2025 life insurance and annuity priorities Monday with additions to reflect new efforts in reinsurance and annuity illustrations.
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Let’s explore some frightfully common problems that could turn your clients’ life insurance dreams into nightmares.
The post Beware the haunted life insurance policies! appeared first on Insurance News | InsuranceNewsNet.
The proliferation of so-called “financial experts” using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.
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Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Principal Guard, an add-on guaranteed minimum accumulation benefit available for an extra charge in the Elite Access ® Suite of variable annuities. The new GMAB offers clients the ability to invest their money with no downside risk through...
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Hispanics Americans report having the lowest ownership among any racial or ethnic group over the last decade, according to a recent study.
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Globe Life executives are slated to meet with Wall Street analysts Thursday in a call that is much more interesting than it was two weeks ago.
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Sammons Financial Group ® long-time Senior Vice President and Chief Financial Officer Don Lyons has announced his retirement effective April 1, 2025. Don Lyons, Sammons Financial Group. Attaway, who joined Sammons Financial Group in 2018, is currently the Chief Financial Officer and Treasurer for Sammons Financial Group member companies Midland...
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H.B. Fuller Company today announced that Teresa J. Rasmussen has been appointed Chair of the company’ s Board of Directors following the retirement of Lee R. Mitau, effective January 22, 2025. Fuller’ s Board of Directors,” says Celeste Mastin, H.B. I am eager to partner even more closely with Celeste and the entire Board as H.B. Fuller continues to excel and innovate...
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AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group. In addition, AM Best has affirmed the FSR of A- and...
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Brighthouse Life Insurance Co. filed a lawsuit in federal court on Oct. 10, claiming the Assemis broke their loan agreements and they are asking for a judicial foreclosure and appointment of a receiver. Brighthouse Life Insurance, a former division of MetLife Inc., joins three others who have filed legal action to try and recoup more $770 million in defaulted...
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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Aviva Insurance Limited. The ratings also reflect AIL’ s strategic importance to and deep integration within Aviva as a leading provider of non-life insurance in the United Kingdom. AIL is the group’ s main UK- based non-life insurer and principal contributor...
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AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to HDFC International Life and Re Company Limited, a subsidiary of HDFC Life Insurance Company Limited, which in turn is owned by HDFC Bank Limited. The outlook assigned to these Credit Ratings is stable. The ratings reflect HDFC’ s balance sheet strength, which AM Best...
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In the Spotlight is a Fresno Bee series that digs into the high-profile local issues that readers care most about. The largest“ original principal amount” was $11.1 million for the“ loan” to CEO Todd Suntrapak, according to the tax filing. Though it’ s sometimes used by hospitals and their executives, these types of life insurance arrangements attracted national...
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In the Spotlight is a Fresno Bee series that digs into the high-profile local issues that readers care most about. The largest“ original principal amount” was $11.1 million for the“ loan” to CEO Todd Suntrapak, according to the tax filing. Though it’ s sometimes used by hospitals and their executives, these types of life insurance arrangements attracted national...
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Luen Fung Hang Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect LFH’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and...
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Company Also Expands Availability of Other Health and Wellness Program Tools and Offerings to Help More Policyowners Better Understand and Protect their Health. SPRINGFIELD, Mass.& BOSTON---- MassMutual today announced it is the first insurer in the U.S. to offer eligible policyowners free access to Wysa Assure, an AI-powered conversational mental health app...
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John D. Begley, 79, of Clarks Summit, died Saturday in the Hospice of the Sacred Heart Inpatient Unit surrounded by his loving family after a long battle with cancer. Born Feb. 8, 1945 in New York City, he was the son of the late James and Margaret Begley. John was active in many professional organizations during his career with New York Life, including serving as past...
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Oct. 15— Forbes Magazine compiled a list of best places to work in the U.S. and Georgia was represented fairly well with three Columbus- based employers making the cut. Responses came in from all 50 states and Washington D.C.. The list includes a mix of national corporations, regional companies and Georgia- based organizations across various industries.
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Brighthouse Life Insurance Co. filed a lawsuit in federal court on Oct. 10, claiming the Assemis broke their loan agreements and they are asking for a judicial foreclosure and appointment of a receiver. Brighthouse Life Insurance, a former division of MetLife Inc., joins three others who have filed legal action to try and recoup more $770 million in defaulted...
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Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success.
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tm2425932-1_def14a- none- 3.1562668 s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Filed by the Registrant☒ Filed by a party other than the Registrant☐ Check the appropriate box:☐ Preliminary Proxy Statement☐ Confidential,...
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Will generative AI prove itself a bane or boon to the insurance industry?
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Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company and debuted in 2022. Protective Aspirations variable annuity is issued by Protective...
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The Capgemini Research Institute’ s World Life Insurance Report 2025, published today, reveals that the life insurance industry is struggling to meet today’ s customer experience expectations, with legacy technology being a major barrier to driving meaningful change. However, the report identifies a small group of life insurers globally delivering...
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Just as our investment strategies change as we get older, so should our approach to insurance.
The post Insurance essentials for each stage of life appeared first on Insurance News | InsuranceNewsNet.
Democrat Logan Johnson of Menlo filed paperwork in April to challenge Republican Eddie Lumsden for the state House District 12 seat in Floyd and Chattooga counties. The chair of the House Insurance Committee's biggest contribution, $2,500, came from the bipartisan American Council of Life Insurers in Washington, D.C.. Other major donors, at the $1,000 level,...
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U.S. SECURITIES AND EXCHANGE COMMISSION. MidCap Financial Investment Corporation, Apollo Debt Solutions BDC, Apollo Diversified Credit Fund, Apollo S3 Private Markets Fund, Middle Market Apollo Institutional Private Lending, Apollo Investment Management, L.P., Apollo Credit Management, LLC, Apollo Capital Credit Adviser, LLC, Apollo S3 RIC Management, L.P., AA...
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Nuveen Municipal Credit Opportunities Fund Table of Contents As filed with the U.S. Securities and Exchange Commission on October 11, 2024. Nuveen California AMT-Free Quality Municipal Income Fund. 333 West Wacker Drive Chicago, Illinois 60606.
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The Compulsory Third Party Insurance market is a critical segment of the global insurance industry, designed to provide essential coverage for individuals involved in motor vehicle accidents. As of 2022, the CTP insurance market was valued at approximately USD 762.62 billion and is expected to grow from USD 778.78 billion in 2023 to USD 940.4 billion by...
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Despite efforts to improve customer communications, life insurers are seen as unnecessarily complicating explanations of their policies.
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AM Best has upgraded the Financial Strength Rating to A from B++ and the Long-Term Issuer Credit Rating to“ a” from“ bbb+” of GIG Insurance- Egypt S.A.E.. GIG- Egypt is a strategically important subsidiary of GIG, representing its interests in Egypt. GIG- Egypt is expected to benefit from this merger, which will add significant additional capital resources to the company.
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The life insurance industry is at an inflection point. According to the J.D. Power 2024 U.S. “Life insurers are facing new communication challenges as they court younger consumers,” said Breanne Armstrong, director of insurance intelligence at J.D. Power.“ Currently, only 29% of life insurance customers‘ strongly agree’ that their insurer makes complex policies...
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Oct. 8— PINEVILLE, Mo.— A judge has sentenced Dawn Wynn to life without parole in the fatal shooting of husband Harold Wynn three years ago to collect $100,000 in life insurance. A McDonald County jury convicted the 50- year-old Anderson woman of first-degree murder and armed criminal action at a three-day trial in August, and Judge Kevin Selby assessed her the...
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ROCHESTER/ ROCHESTER HILLS/ OAKLAND TOWNSHIP— In the Post's coverage area, voters will decide various state, county and local races Nov. 5. For how long: Grew up in Michigan; I now live on my family farm. Education: Cornell University- College of Agriculture and Life Science, Bachelor's Degree and Columbia University- School of International and Public Affairs, Master...
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An FMO a compelling business model for a single-shingle agent, but is the model right for you?
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CC Capital to Invest USD $250 Million in Westaim at CAD $4.75 Per Share Bringing Total Investable Capital Base to Approximately USD $700 Million. Westaim to Invest in Cloud-Native, Highly Scalable Annuities Provider Ceres Life Insurance Company, and Remaining Interests in Arena Investors. NEW YORK& TORONTO---- CC Capital, a private investment firm focused on...
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Recent increases in market interest rates are leading some banks to consider surrendering their bank-owned life insurance to reinvest the proceeds (net of a tax charge) in a new BOLI policy with a higher yield.
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Oct. 8— PINEVILLE, Mo.— A judge has sentenced Dawn Wynn to life without parole in the fatal shooting of husband Harold Wynn three years ago to collect $100,000 in life insurance. A McDonald County jury convicted the 50- year-old Anderson woman of first-degree murder and armed criminal action at a three-day trial in August, and Judge Kevin Selby assessed her the...
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This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and we are not soliciting an offer to buy these securities, in any jurisdiction where the offer or sale is not permitted. Filed Pursuant to Rule 424 Registration No. 333-270053 SUBJECT TO COMPLETION, DATED OCTOBER 8, 2024 Preliminary Prospectus...
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The Best’ s Market Segment Report,“ Market Segment Outlook: Indonesia Non-Life Insurance,” notes two moderating factors, including pressure that remains on underwriting conditions in core business segments and elevated pricing risk due to rapid growth of the electric vehicle market. “Given the regulatory push to implement the policy in 2025, motor insurance...
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The takaful insurance market, valued at $34.75 billion in 2023, is projected to experience significant growth, reaching $85.38 billion by 2032, with a CAGR of 9.41%. Takaful Emarat Insurance Company Hong Leong Assurance Ethica Takaful Insurance SALAMA Cooperative Insurance Company Tokio Marine Life Insurance Malaysia Solidarity Takaful Sudan AlRajhi...
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Upstream Holdings, Inc. announced it has received an investment grade rating of“ BBB-” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency, during its rating surveillance period. Upstream Holdings, Inc. is rapidly growing insurance holding company that operates under the brand and trademark Upstream Life™. The Company provides best in...
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Life insurance application activity showed gains in the coveted younger age bands during September, according to the MIB Life Index.
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Corebridge Financial today announced the launch of Corebridge MarketLock ® Annuity, a registered index-linked annuity issued by its subsidiary American General Life Insurance Company. With MarketLock, Corebridge is expanding on what is already one of the broadest and most comprehensive annuity platforms in the industry,” said Bryan Pinsky, President of...
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AM Best will sponsor, exhibit and lead a session at the 28th Indonesia Rendez-Vous Conference, which is scheduled for 9-12 October 2024, in Bali, Indonesia. Chris Lim, associate director, analytics, will give a presentation on what AM Best’ s market segment outlook for Indonesia’ s non-life insurance segment will be heading into 2025 during the event, as well as a...
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kansas City Life Insurance Company. Additionally, AM Best has revised the outlook of the Long-Term ICR to stable from negative and affirmed the FSR of B++ and the Long-Term ICR of“ bbb+” of Old American Insurance...
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Carrier & Product News
Is 40 Year Term Available? YES!!!
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...