He joins Burns' 50- year-old husband, Jerry "Tommy" Allen Burns, and his 30- year-old mistress, Amanda Lee Love, already jailed on murder charges in the case, the Sheriff's Office said. The May 9 homicide was staged to look like a burglary, the Sheriff's Office previously said. The amount would be contributed from the victim's life insurance policy, the Sheriff's...

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Paul Flanagan, 54, Ranjit Kalsi, 52, and Gregory Lee Martin II, 49, were arraigned this week for operating a life insurance scheme to defraud United States Military personnel out of $4.8 million.

The post San Diego Scammers Target Military In $4.8M Life Insurance Scheme: Indictment appeared first on InsuranceNewsNet.

Allianz Life, a provider of retirement solutions, including fixed and variable annuities and life insurance for individuals, issued the following news release:. According to the 2019 Life Insurance Needs Study from Allianz Life Insurance Company of North America, women lack familiarity with a number of important benefits offered by permanent life...

The post Allianz: Women, Gen-Xers Most Need Education About Permanent Life Insurance appeared first on InsuranceNewsNet.

New IUL products featuring "multipliers" or "bonuses" prompted the IUL Illustration Subgroup to consider changes to Actuarial Guideline 49. During a Monday conference call, one regulator called for "a total rework of AG 49 from the ground up."

The post Regulator Calls For ‘A Total Rework’ Of Key NAIC Illustration Guide appeared first on InsuranceNewsNet.

While accelerated underwriting has absolutely transformed the landscape of life insurance, it is not a one-size-fits-all solution and is not a guarantee for all applicants – even if they are healthy.

The post Promoting The Benefits Of Accelerated Underwriting Without Overselling appeared first on InsuranceNewsNet.

ESPN today announced New York Life as a founding partner of the new ACC Network, the national network dedicated to Atlantic Coast Conference sports coverage, launching on August 22. New York Life also continues as the exclusive presenting sponsor of the ACC Men's Basketball Tournament which airs across the ESPN and ACC networks as well. "We are proud to continue...

The post ESPN: New York Life A Founding Partner Of Soon-To-Be-Launched ACC Network appeared first on InsuranceNewsNet.

Jul. 13-- A Lilly man sentenced to federal prison last month has been ordered to repay more than $640,000 to 12 individuals and the IRS as part of a scheme he conducted under the guise of a financial adviser. That joint stipulation, which was filed Wednesday, directs Simanski to repay 100% of $640,662.34 to 12 individuals and the IRS. Some individuals on the list were...

The post Pennsylvania Man Ordered To Repay More Than $640,000 To Scam Victims appeared first on InsuranceNewsNet.

The NAIC is creating tools and graphics that each state can incorporate into their insurance department websites, working group members said this week. Work will begin immediately with a "toolkit" of info in time for Life Insurance Awareness Month in September.

The post NAIC Steps Up Online Life Insurance Awareness Campaign appeared first on InsuranceNewsNet.

Jul. 9-- A former elementary school principal charged in the death of her husband will face a Kern County jury in October. Leslie Chance, 52, appeared in court July 9 for a hearing to determine a new trial date and to establish legal counsel. Tony Lidgett was appointed to be Chance's new attorney after Paul Cadman, Chance's former attorney, declared he had a conflict of...

The post Trial Set For California School Principal Accused Of Killing Hubby For Life Insurance appeared first on InsuranceNewsNet.

U.S. life insurance application activity rose 3.3% in June year over year, nudging the MIB Life Index above par on a year-to-date basis for the first time since last February. June's performance was the strongest monthly percent gain of 2019.

The post Life Insurance Applications Up Sharply In June, MIB Reports appeared first on InsuranceNewsNet.

Jennifer Lynn Via, 49, pleaded guilty before Cabell Circuit Judge Gregory Howard on Monday to voluntary manslaughter in the death of her husband, Thomas Via. He was stabbed in the back with a 14- inch-long decorative dagger Nov. 4, 2017, at their home in the 900 block of 28th Street in Huntington. Former Huntington police detective Chris Sperry previously said Via...

The post Life Insurance At Center Of West Virginia Stabbing Death appeared first on InsuranceNewsNet.

Roslyn Pilmar, 61, and her brother Evan Wald, 45, were convicted in Manhattan Supreme Court in March after a nine-week trial for orchestrating and carrying out the fatal stabbing of Howard Pilmar in his midtown office on March 21, 1996. There, 40- year-old Howard Pilmar, who owned an office supply store and several coffee shops, was ambushed in the hallway and...

The post NYC Siblings Get Life Sentences In Brutal 1996 Murder-For-Life-Insurance appeared first on InsuranceNewsNet.

--A practical new calculator is helping independent agents show their annuity and life insurance clients the tax benefits of two products over one. The Prosperity Select Combo Calculator, created by Oxford Life Insurance Company ®, offers an instant comparison of the after-tax value of an annuity purchase versus the after-tax value of an annuity-life...

The post Oxford Life Introduces Tool For Calculating Annuity And Life Insurance Plans appeared first on InsuranceNewsNet.

--Nationwide now has a new digital customer interview that is a key component of a multi-year investment designed to transform, enhance and simplify its life insurance business capabilities. "Many people feel that purchasing life insurance is an intrusive and time-consuming process," said Kirt Walker, president and chief operating officer for Nationwide...

The post Nationwide Adds Digital Customer Interview To Life Insurance Process appeared first on InsuranceNewsNet.

Prudential Financial, Inc. will release its second quarter 2019 earnings on Wednesday, July 31, 2019, after the market closes. Members of Prudential's senior management will host a conference call on Thursday, August 1, 2019, at 11:00 a.m. ET, to discuss with the investment community the company's second quarter results. Prudential Financial, Inc., a financial...

The post Prudential Financial to Announce Second Quarter 2019 Earnings; Schedules Conference Call appeared first on InsuranceNewsNet.

As Canadians countdown to the start of cannabis edibles sales in December, some sobering information is filtering in to the effect that life insurance premiums could go up depending on one’s cannabis edibles consumption habits. When recreational marijuana was legalized in October 2018, most insurance companies stopped regarding marijuana users as smokers. People who are …

The post Cannabis Edibles Could Cause Spike In Life Premiums for Canadians appeared first on InsuranceNewsNet.

“Integrating Whole Life Insurance into a Retirement Income Plan: Emphasis on Cash Value as a Volatility Buffer Asset,” by Wade D. Pfau, Ph.D., CFA, and Michael Finke, Ph.D., CFP, considers several asset scenarios of people preparing for retirement. “This report shows that using insurance with other investments can really lay the foundation for better outcomes in...

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The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

The post IASB Proposes To Delay Insurance Standard For One Year appeared first on InsuranceNewsNet.

Although many precursors to the 2008-2009 financial crisis are repeating today, AM Best believes the life/annuity industry is much more resilient than a decade ago and well-positioned to navigate future challenges. Macroeconomic conditions in the United States soon became more unfavorable as the effects of the subprime crisis started to emerge.

The post Best’s Report: Are Life/Annuity Insurers Prepared To Weather Another Economic Downturn? appeared first on InsuranceNewsNet.

Sears ended the retirees' life insurance benefits in March, shortly after selling most of its remaining assets to Transform Holdco, an entity controlled by Sears former CEO and largest shareholder, Edward Lampert, and his hedge fund. As of March 15, about 29,000 retirees had coverage with death benefits worth between $5,000 and $14,500 that cost Sears $1.3...

The post Judge Gives 29K Retired Sears Employees A Chance To Regain Their Life Insurance appeared first on InsuranceNewsNet.

Over six months in 2017, Bartoli made 57,134,629 illegal robocalls, the FTC says. Even after Bartoli was contacted by the FTC, he continued to run his robocall operation, according to the suit. The investigation involving Bartoli is part of a joint-agency robocall sweep led by the FTC called "Operation Call it Quits," in which telemarketers responsible for more...

The post FTC: Florida Man Made 3B Illegal Robocalls; Life Insurers Among His Clients appeared first on InsuranceNewsNet.

--Two ratings agencies, S&P and Fitch recently upgraded the credit ratings of CNO Financial Group. With these two upgrades, CNO Financial is now rated investment grade by all four leading ratings agencies– A.M. Best, Moody's, Fitch and S&P. CNO Financial Group is the holding company for several national life and health insurers including Bankers Life and Casualty...

The post S&P And Fitch Upgrade CNO Financial Group appeared first on InsuranceNewsNet.

Jun. 24-- Symetra Life Insurance has been named the first founding partner and sponsor of Seattle's incoming National Hockey League franchise and will be featured prominently at the team's arena and training facility. NHL Seattle and the Oak View Group announced Monday the Bellevue- based company, founded in 1957, will also be the title sponsor of one of the...

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--Midland National ® Life Insurance Company, a member of Sammons ® Financial Group, Inc. and one of America’ s leading insurance companies, today announced new lower premiums for its Premier Term life insurance product. In addition to competitive rates, Premier Term also features an accelerated death benefit for critical, chronic, and terminal illnesses at no...

The post Midland National Launches New Premier Term Life Product appeared first on InsuranceNewsNet.

DENVER-- Daniel B. Rudden, age 72 of Denver, Colorado, was sentenced yesterday by U.S. District Court Judge Christine M. Arguello to serve 121 months in federal prison, followed by 3 years on supervised release for mail fraud after he defrauded 175 investors out of more than $19 Million, announced U.S. Attorney Jason Dunn and FBI Denver Field Office Special Agent in...

The post Denver Man Sent To Prison For Ponzi Scheme That Defrauded 175 Investors Of $20M appeared first on InsuranceNewsNet.

Jun. 19-- Kansas City Life Insurance Company "systematically overcharged" customers for insurance and expenses, depleting cash values for possibly hundreds of policy owners, two law firms claimed in a federal lawsuit filed Tuesday. Stueve Siegel Hanson LLP and Miller Schirger, LLC, claimed Kansas City Life made unauthorized charges that drained policy owners'...

The post Kansas City Life Insurance ‘Systematically Overcharged’ Customers, Lawsuit Claims appeared first on InsuranceNewsNet.

In opening arguments of Chacey Poynter's capital murder trial Tuesday, prosecutors told jurors that the Texas woman only married Robert Poynter for his money, then carried on multiple affairs behind his back. Chacey Poynter was the beneficiary of a $680,000 life insurance policy, prosecutors say.

The post Life Insurance At Center Of ‘Sex, Lies, Money, Murder’ Trial In Texas appeared first on InsuranceNewsNet.

By wisely leveraging one of the oldest financial products in existence — the trusty life insurance policy — retirees may be able to generate cash flow to help improve their retirement security.

The post Retirement Challenge: Leveraging Life Insurance As An Asset appeared first on InsuranceNewsNet.

Why carriers need to see the agent as a customer and provide them tools, resources and methods to represent their products in the way the agent’s consumer wants to buy those products.

The post Is Your Agent A ‘Producer Prime’ Or An ‘Amazon Go’ Agent? appeared first on InsuranceNewsNet.

Most people agree that life insurance is preparation for the unthinkable. It certainly is, but it can be more than that— in fact, you can use life insurance as part of your retirement income plan. Some policies, known as permanent insurance policies, have an investment component that can build cash value.

The post Life Insurance An Important Part Of Protecting Your Client’s Income appeared first on InsuranceNewsNet.

--Clients looking for secure lifetime protection and excellent value for death benefit protection have two new options with Ohio National’ s enhanced lifetime pay whole life products.. “Prestige Value IV and Prestige 100 II provide an excellent foundation of long-term protection,” said Christopher Calabro, CLU, ChFC, Ohio National senior vice president career...

The post Ohio National Introduces New Death Benefit Options appeared first on InsuranceNewsNet.

Life insurance could help alleviate financial disaster for many families who are caring for parents and loved ones.

The post The Case For Insuring Parents And Loved Ones appeared first on InsuranceNewsNet.

Testimony in the murder trial of Waynesfield resident Brent Williams ran the gamut Wednesday, ranging from a Tiffin man who had a one-night stand with the alleged victim just days before her death to a Cridersville woman who testified the defendant sent her photos of his penis a mere three weeks after his estranged wife's was found...

The post Life Insurance, Casual Sex At Center Of Ohio Murder Trial appeared first on InsuranceNewsNet.

He will assume the top leadership role at the Columbus, Ohio- based insurance and financial services provider on Oct. 1, 2019, succeeding CEO Steve Rasmussen, who earlier this spring announced his decision to retire in the fall. He served 23 years in the property and casualty business, including roles as President and Chief Operating Officer of Nationwide...

The post Nationwide Names Kirt Walker As CEO-Elect appeared first on InsuranceNewsNet.

Birmingham, Ala. (June 3, 2019): Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750),...

The post Protective Closes Deal With Great-West appeared first on InsuranceNewsNet.

--Colonial Penn Life Insurance Company, a national provider of easy-to-understand life insurance products to the middle-American market via direct-to-consumer strategies, announced today their new insurance product with an early payout option, Living Insurance. "Servicing the needs of our customers and offering them peace of mind is our top priority," said...

The post Colonial Penn Launches Living Insurance With Early Payout Option appeared first on InsuranceNewsNet.

June 03-- The May 9 homicide was staged "to look like a burglary" at Velvet Floyd Burns' home on Jacksonville's Westside, according to police. Jerry "Tommy" Allen Burns, 50, told officers he had left the home about 3:30 a.m. for a job in Tallahassee, then a family friend found his wife's body that afternoon, according to his arrest report. "Jerry Burns offered $5,000 to Love...

The post Life Insurance At Center Of Jacksonville Murder For Hire appeared first on InsuranceNewsNet.

KING OF PRUSSIA, Pa., June 3, 2019 /PRNewswire/ -- The American College of Financial Services today announced that Michael Finke, PhD,...

The post American College Appoints Finke Director Of WMCP Designation Program appeared first on InsuranceNewsNet.

As wedding season ramps up, you can help couples send the ultimate love letter – financial protection in sickness and in health – to their future selves. Protection-first planning should be the foundation of any couple’s financial plans – it’s the key that unlocks the door to future financial stability.

The post The Latest Must-Have Wedding Registry Item? Life Insurance appeared first on InsuranceNewsNet.

--Arthur J. Gallagher& Co. today announced the acquisition of Liverpool, New South Wales- based The Protectors Insurance Brokers Pty Ltd and Regent Insurance Brokers Pty Ltd.; collectively referred to as The Protectors Group. David Michell, Vince Gioiello and their associates will continue to operate from their current location under the direction of Sean...

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The total number of individual life insurance policies sold in the first quarter 2019 decreased 3%, compared with the same quarter of the prior year. New annualized premium increased just 1% in first quarter. The data comes from LIMRA’s U.S. Individual Life Insurance Sales Survey.

The post 1Q Delivers Sluggish Growth For Life Insurance New Premium appeared first on InsuranceNewsNet.

Pacific Life is partnering with Salesforce on a new initiative it calls the NextGen CRM Program, designed to bridge the gap between Pacific Life’s sales, service and marketing teams and reimagine how they engage with financial professionals, Pacific Life said in a news release.

The post Pacific Life Undertakes Dramatic Digital Transformation appeared first on InsuranceNewsNet.

May 30-- May 30-- Grant Amato, accused of killing his parents and brother, lavished a Bulgarian webcam model he had met online with gifts and compliments, spending thousands of dollars to send her clothes and sex toys-- which she would model for Amato in provocative, and often sexually explicit, photos and videos. The records also reveal that Grant Amato tried to claim...

The post Life Insurance Proceeds Cited As Motive In Killing Of Florida Family appeared first on InsuranceNewsNet.

Chance, 52, is accused of shooting her husband to death in August 2013, and leaving his body near a commercial orchard several miles northwest of Bakersfield. According to a source at Kern County Superior Court, Judge Charles R. Brehmer laid out a tentative schedule Tuesday for the trial, which is expected to last well into August. "You don't want to pick a jury until...

The post Former Calif. School Principal Killed For Life Insurance, Police Allege appeared first on InsuranceNewsNet.

--Over the 30 years he's worked with people who are trying to squeeze all of the juice out of their retirement savings, Scott Page says he's been surprised that most of them leave a key element out of the equation. His solution was to create a life expectancy calculator that makes it easy and fun to get an estimate of just how long you are going to need your retirement...

The post New Life Expectancy Calculator: How Long Will Your Client’s Retirement Funds Last? appeared first on InsuranceNewsNet.

A National Association of Insurance Commissioners' subgroup held an at-times contentious conference call Tuesday to discuss AG 49. Regulators and industry representatives sparred over whether insurers are trying to 'game the system' with IUL illustrations, or just being 'innovative.'

The post ‘Juicing’ Or ‘Innovative’? IUL Illustrations In The Crossfire appeared first on InsuranceNewsNet.

Non-variable universal life sales for the first quarter were over $768.2 million, down 20.4% compared to the previous quarter and down nearly 13% from the first quarter 2018, according to Wink’s Sales & Market Report. New CSO requirements and less time devoted to sales are likely causes of the poor numbers, said Sheryl Moore of Wink.

The post UL Sales Struggle Through Rough First Quarter, Wink Reports appeared first on InsuranceNewsNet.

May 22-- May 22-- A Florida man has been sentenced to life behind bars for murdering his wife in 1993 and burying her in the backyard of their home-- where his son would return and uncover her remains more than two decades later. A jury in April found Michael Haim guilty of second-degree murder in the death of his 23- year-old wife Bonnie Haim. The 52- year-old killer...

The post Florida Man Gets Life In Wife’s 1993 Murder After Son Dug Up Skull In Backyard appeared first on InsuranceNewsNet.

May 21-- May 21-- Spokane Valley funeral home director Trent Nielsen is trying to guide grieving families through the waiting game. But that process, which used to take a few weeks, is now taking, on average, closer to five or six months in Spokane County. "Usually life insurance is purchased with the idea those funds will help the family press forward with their...

The post Washington Drug Testing Delays Lead To Delays In Life Insurance Benefits appeared first on InsuranceNewsNet.

Employees are opening their wallets for voluntary benefits, with those sales increasing to $7.2 billion in 2018. According to LIMRA research, since 2010 the percent of employers offering voluntary benefits as part of their overall employee benefits package has increased 11 percent.

The post Total U.S. Voluntary Market Grows 3% in 2018, LIMRA Reports appeared first on InsuranceNewsNet.