Life Insurance News
Wendy Judd, 47, was charged with felony grand theft following an investigation by the California Department of Insurance. In the Madera case, the Department of Insurance opened an investigation after receiving a referral from the insurance company where Judd worked. "The investigation showed that between March 2014 and January 2015 she collected $20,982 in...
The post Another California Insurance Agent Caught Up In Embezzlement Case appeared first on InsuranceNewsNet.
Year-over-year activity in April 2021 was up over April 2020 by an impressive 10.7% continuing strong growth in 2021, MIB reported.
The post Record-Breaking Life Insurance Application Activity Continues in April appeared first on InsuranceNewsNet.
Brighthouse continues to broaden distribution and grow life insurance sales, CEO Eric Steigerwalt said on a conference call with analysts this morning.
The post Brighthouse Life Insurance Sales Up 44% In First Quarter appeared first on InsuranceNewsNet.
A former licensed insurance agent from Clovis was arraigned in Fresno Superior Court on Monday on charges of embezzlement in the misappropriation of consumers' premium payments.
The post California Agent Allegedly Used Clients’ Premiums To Buy Sports Tickets appeared first on InsuranceNewsNet.
Strong sales of its buffered annuity, FlexGuard, helped Prudential continue its first-quarter shift away from interest rate-sensitive products and underpinned its strong financial showing.
The post Prudential Continues Strong ‘Product Pivot Strategy’ In Healthy 1Q appeared first on InsuranceNewsNet.
American Financial is trying to figure out what to do with the billions it will have in excess cash after the sale of the Great American Life Insurance Co. in the second quarter.
The post American Financial Sheds Annuities, Enjoys Big Boost In P&C appeared first on InsuranceNewsNet.
May 4— The state doesn't have enough evidence to prove Earl Howard shot a Bismarck man in 2019 and must dismiss the murder charge against him, the prosecuting attorney said in court documents filed Tuesday. Howard in January 2020 was charged with murder and murder conspiracy, arson and arson conspiracy, and evidence tampering in the death of Chad Entzel, 42, of...
The post North Dakota: We Can’t Prove Love Triangle Murder For Life Insurance appeared first on InsuranceNewsNet.
InsureSimpli provides instant quotes from the nation’ s top life insurance companies ST. PETERSBURG, FLA., USA- April 30, 2021- After years in the insurance industry and motivated by misinformation abou t the business, Jesse Hunkins has created insuresimpli.com to provide unbiased information for people seeking advice about life insurance an d retirement...
The post New Website Adds Quote Tool To Life Insurance Buying Process appeared first on InsuranceNewsNet.
How can wealth managers broach the life insurance conversation with their clients? A panel of NAIFA members gave some insights.
The post Planning Isn’t Comprehensive Without Mitigating Risk, NAIFA Members Told appeared first on InsuranceNewsNet.
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group reported today that optimism among small and medium-sized businesses is the highest it's been...
The post Small And Business Optimism At Highest Levels Since 2019 appeared first on InsuranceNewsNet.
This decision could be appealed to the New York Court of Appeals, which is the state’s highest court. Additionally, the state may request a stay on the Appellate Division’s decision pending an appeal to the state Appeals Court.
The post Breaking: NY Court Overturns Regulation 187 appeared first on InsuranceNewsNet.
Principal reported higher revenues across most of its business lines, lower expenses and higher assets under management (AUM).
The post Principal Financial Counters 1Q Losses With Strong Investment Gains appeared first on InsuranceNewsNet.
(DENVER – APRIL 28, 2021) IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale...
The post IMA Financial Group Acquires Bolton & Company appeared first on InsuranceNewsNet.
As restrictions ease and face-to-face meetings begin to make a comeback, technology still can remain a vital part of the advisor’s practice.
The post Tech Won’t Go Away When Restrictions Do, NAIFA Members Told appeared first on InsuranceNewsNet.
The impact investment initiative aims o address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, affordable housing and community development.
The post New York Life Launches $1B Initiative To Address Racial Wealth Gap appeared first on InsuranceNewsNet.
Carriers are betting on a boom following the pandemic bust, so they are expecting to move more of their cash into riskier assets as economic conditions stabilize, according to Goldman Sachs’ 10th annual survey of carriers.
The post Carriers Risk Red To Be In The Black, With A Little Bit Of Green appeared first on InsuranceNewsNet.
Grey' s flagship New York headquarters will lead the business and be responsible for brand advertising, strategy, and integrated marketing efforts across channels. "We learned a lot about the team at MassMutual simply by how they conducted this review, so it' s easy to see why they are consistently ranked among the world' s most admired companies," said Cory Berger,...
The post MassMutual Selects Grey As New Creative Agency-Of-Record appeared first on InsuranceNewsNet.
WASHINGTON, April 21-- The American Council for Capital Formation issued the following news release:. The American Council for Capital Formation proudly announces that Susan K. Neely, President and CEO of the American Council of Life Insurers, has joined its bipartisan board of advisors. "Susan Neely has an impressive reputation for bringing positive,...
The post Susan Neely Joins American Council For Capital Formation Board Of Advisors appeared first on InsuranceNewsNet.
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. "At FEMA, our mission is to help people before, during and after disasters," acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
The post FEMA To Give Assistance For Virus-Related Funerals appeared first on InsuranceNewsNet.
CHESTERFIELD COUNTY, Va.-- A devastating house fire left six people dead in Chesterfield County, Virginia. On Friday, shortly after midnight, a three-alarm fire gutted a house on Glass Road. Michelle Capell is suffering unimaginable pain, telling 8 News her world is shattered after losing six loved ones in the blink of an eye.
The post ‘My Heart Is Shattered’: Family Loses 4 Kids, 2 Adults In Virginia House Fire appeared first on InsuranceNewsNet.
As COVID-19 travel restrictions ease, the future of association events will be a combination of in-person and virtual, said Kenneth E. Bentsen Jr., president and CEO of the Securities Industry and Financial Markets Association.
The post Industry CEOs Show Optimism In The Post-COVID World appeared first on InsuranceNewsNet.
The U.S. life insurance industry recorded its largest year-over-year increase in direct and net death benefits in at least 24 years as excess mortality due to COVID-19 triggered an unusual volume of claims during 2020, S&P Global Market Intelligence reported.
The post COVID-19 Mortality Fueled Life Insurance Death Benefits Surge, S&P Says appeared first on InsuranceNewsNet.
The MIB Life Index reported first-quarter life insurance application activity showed its highest year-over-year, year-to-date and quarter-over-quarter growth since before 2018.
The post Record-Breaking Q1 For US Life Insurance Activity appeared first on InsuranceNewsNet.
Among group life claimants, mortality rates were up 14% between January and April 2020, said Steve Rulis, vice president and group actuary with Munich Re, with mortality rates spiking during the months of April, November and December.
The post What Record Mortality Rates Mean For The Life Insurance Industry appeared first on InsuranceNewsNet.
In a 2017 LIMRA survey, 50% of companies that responded said they were using automated underwriting. In a similar survey in 2019, 62% of carriers said they used automated underwriting while 64% said they were using accelerated underwriting.
The post Insurers Dive Into The Digital End Of The Pool. Will It Last? appeared first on InsuranceNewsNet.
John Hancock includes with each life insurance policy access to the Vitality program, a technology-based wellness program that rewards healthy habits. It's a side of life insurance not often expressed -- a light, even fun, and rewarding side.
The post Can Life Insurance Be Fun? appeared first on InsuranceNewsNet.
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. "At FEMA, our mission is to help people before, during and after disasters," acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
The post FEMA Opens COVID-19 Funeral Assistance Program appeared first on InsuranceNewsNet.
AUSTIN, TX – April 13, 2021 – Pensionmark Financial Group and Lion Street, Inc have entered a partnership focused on...
The post Lion Street To Provide Life Insurance Services To Pensionmark Advisors’ Clients appeared first on InsuranceNewsNet.
Even with increased interest, there are 102 million uninsured and underinsured Americans who believe they need to buy life insurance or to increase their coverage. This represents 40% the adult population. The question is why don’t they buy?
The post The Myths That Keep People From Buying Life Insurance appeared first on InsuranceNewsNet.
Police say Jimmy Lee Murphy, 32, took out a $650,000 life insurance policy on his wife weeks before her death. Whitney Murphy, 26, was killed by gunshot in October 2014.
The post Trial Set For Idaho Man Charged With Killing Wife For Life Insurance appeared first on InsuranceNewsNet.
Eligible people can apply to recover up to $9,000 of qualifying funeral or burial expenses incurred after Jan. 20, 2020. "At FEMA, our mission is to help people before, during and after disasters," acting FEMA Administrator Bob Fenton said in a prepared statement. To file a claim, you need to call a toll-free hotline set up by FEMA.
The post FEMA To Provide Funeral Assistance appeared first on InsuranceNewsNet.
Diversity is more than simply bringing more people of color into an organization, Derrik Anderson, executive director of Race Matters, said during this week's NAIFA Diversity, Equity and Inclusion Impact Week.
The post Racial Equity Is Different From Diversity, NAIFA Members Told appeared first on InsuranceNewsNet.
The Florida Supreme Court will hear a constitutional challenge to a 2016 state law that put new requirements on life-insurance companies to determine whether policyholders have died and to contact beneficiaries.
The post Florida Court Considers Law Forcing Life Insurers To Try To Find Beneficiaries appeared first on InsuranceNewsNet.
The life insurance industry has an opportunity to invest in underserved communities while helping remove some of the barriers to those who seek employment in the industry, executives from the American Council of Life Insurers said.
The post Life Insurance Industry Eyes ‘Moon Shot’ In Underserved Communities appeared first on InsuranceNewsNet.
The bottom line in making your company a place where women can succeed and thrive is to ask yourself whether it is a place you would want your mother, your wife or your daughter to work.
The post Industry Still Lags In Developing, Advancing Women, WIFS President Says appeared first on InsuranceNewsNet.
The Virginia-based insurance giant said Tuesday it has terminated its merger agreement with China Oceanwide Holdings Group Co. Ltd., a Beijing-based company that agreed in October 2016 to buy Genworth for about $2.7 billion, or $5.43 per share in cash.
The post Genworth Axes $2.7B Merger Deal With China-Based Company appeared first on InsuranceNewsNet.
A Houston woman took out two life insurance policies on her 6-year-old son before giving him lethal doses of medications and over the counter drugs that caused him frightening hallucinations before he died, prosecutors said.
The post Texas Mother Accused Of Killing Son, 6, For Insurance Money appeared first on InsuranceNewsNet.
John Hancock, the US division of Toronto-based Manulife, announced a new protection variable universal life insurance product, Protection VUL, is now available for sale from all approved distribution partners.
The post John Hancock Launches New VUL Product appeared first on InsuranceNewsNet.
Shane Westhoelter was in his early 20s, selling life insurance policies with $5,000 and $10,000 death amounts door to door in a small town when he found his “why.”
The post After Pounding The Pavement, An Agent Finds His ‘Why’ appeared first on InsuranceNewsNet.
ARLINGTON, Va. and WINDSOR, Conn., March 23, 2021 – Nearly one third of consumers (31%) say COVID-19 has made it more...
The post COVID-19 Spurs Greater Interest In Life Insurance, LIMRA Reports appeared first on InsuranceNewsNet.
Ohio National executives today announced an expansive reorganization plan to demutualize the company. The deal includes the conversion of Ohio National Mutual Holdings to a stock company and the issuance of all of its newly issued stock to Constellation Insurance Holdings.
The post Ohio National To Demutualize In Response To ‘Challenging’ Conditions appeared first on InsuranceNewsNet.
Like other companies, Securian sent employees home to work remotely, technology investments made the shift easier and streamlining some processes helped them better serve customers. The pandemic meant Securian paid out $275 million in COVID-related life insurance benefits to customers, about 8% of the claims it paid in 2020.
The post How Securian Grew In 2020 While Life Insurance Payouts Increased appeared first on InsuranceNewsNet.
THE FACTS: Life insurance policies have not changed because of the COVID-19 vaccination and getting the shot will not impact whether a policy pays out in the event of death, according to the American Council of Life Insurers. The U.S. Food and Drug Administration has given emergency use authorization to three COVID-19 vaccines after finding them safe and...
The post Getting COVID-19 Vaccine Does Not Affect Life Insurance Payouts appeared first on InsuranceNewsNet.
If Chubb absorbs Hartford in the $23 billion deal, it will mark the final stage for a company known to many over the decades as The Hartford, a favorite across the life insurance and property/casualty markets.
The post Chubb Offers To Buy Hartford For $23 Billion appeared first on InsuranceNewsNet.
Up to 16 million people in the United States may have had undiagnosed, asymptomatic COVID-19 as of September 2020-- twice as many as previously estimated-- an analysis of life insurance applicants published Tuesday by JAMA Network Open reported. J
The post COVID-19 Cases Underestimated By Half, Says Life Applicant Study appeared first on InsuranceNewsNet.
In the fourth quarter, total life insurance new premium dropped 8%, compared with the record-breaking sales results in fourth quarter 2019. Total policy sales were up 2% in the fourth quarter, according to LIMRA’s U.S. Individual Retail Life Insurance Sales Survey.
The post Life Insurance Premium Down, Policy Sales Up In Mixed 2020 Data appeared first on InsuranceNewsNet.
It is available to Foresters over 75,000 producers across the U.S. through the Apple App Store ® and the Google Play Store.. Matt Berman, President of Foresters Financial's U.S. business, said, "Foresters is a nearly 150- year-old member-based organization dedicated to the well-being of everyday families, which is quietly disrupting life insurance.
The post Foresters Financial And Illustrate Inc Launch Foresters Mobile Quote appeared first on InsuranceNewsNet.
The American Council of Life Insurers issued the following statement:. American Council of Life Insurers Senior Vice President, Policy Development Paul Graham issued the following statement on social media misinformation relating to COVID-19 vaccines:. "A social media post appears to be behind the spread of entirely false information, suggesting a...
The post Life Insurers Are Not Denying Claims Based On Covid Vaccine, ACLI Says appeared first on InsuranceNewsNet.
Ali F. Elmezayen, 45, was found guilty of four counts of mail fraud, four counts of wire fraud, one count of aggravated identity theft, and five counts of money laundering. District Judge John Walter sentenced him to 212 years in prison and denounced what he called the "vicious and callous nature of his crimes."
The post Man Guilty Of Killing Autistic Sons For Life Insurance Sent To Prison appeared first on InsuranceNewsNet.
GOP senators reintroduced the Death Tax Repeal Act of 2021 Tuesday, while Rep. Jason Smith, R-Mo., introduced companion legislation in the House of Representatives. Republicans have persistently introduced legislation to repeal the estate tax, without success.
The post GOP Leaders Out To Kill ‘Death Tax’ appeared first on InsuranceNewsNet.
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...