Insurance companies are adding illness and long-term care features into indexed universal life products. The new features are expected to boost an already-booming business.

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June 13-- BLOOMINGTON-- After a year of radical change at State Farm, the chairman of the board remains the same with President and CEO Michael Tipsord re-elected to the post this week. Others serving on the board, whose terms were not up for re-election this year, are: Christopher C. DeMuth, distinguished fellow, Hudson Institute; W. Steven Jones, professor of...

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The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the proposed takeover of Genworth by a Chinese financial holding group and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction.

The post Genworth, China Oceanwide Deal Moves Closer To Finalization appeared first on InsuranceNewsNet.

Variable universal life used to be a hot product line but their sales dipped around 2000 and had not recovered since. But lately they are showing some signs of life.

The post Variable Universal Life Back In The Game appeared first on InsuranceNewsNet.

Non-variable universal life sales for the first quarter were over $936.3 million; down 12.7% when compared to the previous quarter...

The post Indexed Life Sales Up By Double Digits appeared first on InsuranceNewsNet.

Universal life sales fell 19 percent in the first quarter compared to the first quarter of last year. Not even white-hot indexed UL sales could lift the segment.

The post UL Drags Down 1Q Life Insurance Sales appeared first on InsuranceNewsNet.

Kansas City Life will acquire all of the issued and outstanding stock of Grange Life Insurance Company from Grange Mutual. The transaction is subject to review by the Ohio Department of Insurance.

The post Kansas City Life To Acquire Grange Mutual’s Life Division appeared first on InsuranceNewsNet.

Securian has tweaked its SecureCare linked-benefit life and long-term care contract to give the product more flexibility in a growing...

The post Flexibility Key to Securian Linked-Benefit Product Tweaks appeared first on InsuranceNewsNet.

KANSAS CITY -- Things started hot at the National Association of Insurance Commissioners' working group meeting today as members immediately...

The post NAIC ‘Not Supposed To Be A Dictatorship,’ NY Commissioner Says appeared first on InsuranceNewsNet.

TOKYO and SPRINGFIELD, Mass., May 31, 2018/ PRNewswire/-- MassMutual International LLC– Massachusetts Mutual Life Insurance Company's international insurance holding company– and Nippon Life Insurance Co., Japan's leading life insurer, today announced the completion of the sale of 85.1 percent of MassMutual Japan, MassMutual International's wholly owned...

The post MassMutual International Completes Sale of 85.1% of MassMutual Japan to Nippon Life appeared first on InsuranceNewsNet.

At the annual meeting of shareholders today, Unum Group President and CEO Richard P. McKenney addressed the company’ s strong performance, customer focus, and the growing need for the financial protection Unum provides. In 2017, Unum had record revenues of $11.3 billion and paid nearly $7 billion in benefits. Also at today’ s meeting, among other voting items, Unum...

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May 23-- If you don't know what Securian does, chances are that you will soon. Securian has $1.2 trillion of active life-insurance policies, $79 billion in assets under management, and 19 million customers in North America. Beginning Wednesday, Securian will launch its first national advertising campaign, with ads that range in length from six to 60 seconds.

The post What Is Securian? A Quiet Company Making Noise On The Fortune 500 appeared first on InsuranceNewsNet.

A Morgan Stanley analyst's report sees significant strain on the life insurance industry, much of it from long-term care insurance. The report points to rising interest rates and the nearly dead Department of Labor fiduciary rule.

The post Morgan Stanley Sees Negatives In 1Q Life Earnings appeared first on InsuranceNewsNet.

ST. PAUL, Minn.--(BUSINESS WIRE)--Families that feel confident with their finances can more easily enjoy the here and now, making life’s...

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The American Council of Life Insurers announced today that Susan Neely, president and CEO of the American Beverage Association, will join ACLI as president and CEO this summer. Prior to her current role, she served as Assistant Secretary for Public Affairs for the U.S. Department of Homeland Security from 2003-2005 and served as a special assistant to...

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Advisors are getting older and so are their clients. They both probably need to learn about succession planning for a secure retirement. Not only is it a service but also a lot of opportunity that comes with the liquidation of a business.

The post Boomers Need Succession Planning, Principal Says appeared first on InsuranceNewsNet.

HOUSTON, May 15, 2018 – American International Group, Inc. (NYSE: AIG), a leader in the index universal life (IUL) insurance...

The post AIG Enhances Underwriting For Two IUL Insurance Products appeared first on InsuranceNewsNet.

Why a parent should consider purchasing life insurance on a child.

The post How Young Is Too Young? Life Insurance And Children appeared first on InsuranceNewsNet.

Braintree, MA.  — U.S. life insurance application activity was off in April down – 2.1% 1 year-over-year, according to the...

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According to the National Association of Insurance Commissioners, 15 million Americans are expected to have a high long-term care need by 2050. 1. Kim Anderson, Securian Financial Product Research Manager. Securian Financial recently conducted a survey of more than 800 people currently providing, or who have provided, unpaid care to a parent, in-law or spouse...

The post Survey Shows Struggles Of Unpaid Family Caregivers appeared first on InsuranceNewsNet.

Chinese state media say the founder of the Chinese insurance company that owns New York City's Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors. A court in Shanghai handed down the sentence Thursday against Wu Xiaohui, the former chairman of Anbang Insurance Group. He founded the company in 2004 but was accused of misleading investors and diverting money.

The post Chinese Court Sentences Anbang Founder To Prison For Fraud appeared first on InsuranceNewsNet.

A mystery shopper found that insurance companies are not putting their best selves forward online. Most of the shortcomings arise from the lack of follow-through.

The post Mystery Shopper Rates Insurers Online appeared first on InsuranceNewsNet.

FALLS CHURCH--The National Association of Insurance and Financial Advisors (NAIFA) has launched the NAIFA Learning Center, a virtual, on-demand video-based...

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MetLife has a four-point plan to find annuitants after the company discovered it failed to pay nearly a half a billion dollars over decades.

The post MetLife Issues Multipronged Plan To Find Missing Annuitants appeared first on InsuranceNewsNet.

Voya Financial will save up to $130 million in annual expenses after the company sells its annuity business, chairman and...

The post Voya, Unum, Genworth Earnings Calls appeared first on InsuranceNewsNet.

Agent pruning and lower unemployment may be factors in the falling agent count at Bankers Life, said CNO Financial CEO...

The post Agent Count Falls at Bankers Life appeared first on InsuranceNewsNet.

More changes are being made in Genworth Financial Inc.' s long-delayed plan to be acquired by the China- based investment firm China Oceanwide Holdings Group Co. Ltd.. Henrico County- based Genworth, an insurance company with thousands of employees in Virginia, said Wednesday that the two companies are developing a new capital structure for the deal, after...

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Lincoln Financial Group today reported net income for the first quarter of 2018 of $367 million, or $1.64 per diluted share available to common stockholders, compared to net income in the first quarter of 2017 of $435 million, or $1.89 per diluted share available to common stockholders. “We started the year strong with record first-quarter adjusted operating...

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Lessons the insurance industry can learn from Amazon’s grocery store venture.

The post Is There An ‘Insurance Go’ In Our Future? appeared first on InsuranceNewsNet.

MetLife, a provider of insurance, annuities and employee benefit programs, issued the following news release:. MetLife, Inc. today announced that it has completed the merger of its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company. The decision resulted from a review of the...

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--CNA Financial Corporation today announced first quarter 2018 net income of $291 million, or $1.07 per share, and core income of $281 million, or $1.03 per share. CNA Financial declared a quarterly dividend of $0.30 per share, payable May 30, 2018 to stockholders of record on May 14, 2018. This underwriting result was driven by an excellent underlying loss ratio of...

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NAIFA needs to adapt and become more nimble in order to reverse membership losses that go back decades, CEO Kevin Mayeux told the Pennsylvania chapter Monday.

The post NAIFA Must Become Nimble, CEO Says appeared first on InsuranceNewsNet.

Gerber Life would be a good fit for middle income life and health insurer Torchmark, a company executive said recently....

The post Gerber Life a Fit, Torchmark Exec Says appeared first on InsuranceNewsNet.

Agents might take for granted that prospects and clients know the basics about life insurance, but a survey showed that they don't even know that benefits are not taxed.

The post Don’t Overestimate What Consumers Know About Life Insurance appeared first on InsuranceNewsNet.

Arlington, Va., and Windsor, Conn. – When it comes to purchasing life insurance, consumers are engaging online and through social...

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Braintree, MA.—U.S. life insurance application activity turned positive in March up 6.7%1 year-over-year, according to the MIB Life Index. The...

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Approximately 2,000 existing agents who have been operating under the Nationwide brand will have the opportunity to transition to an independent agency model between now and July 1, 2020. The company already has relationships with more than 10,000 independent agents across the United States.

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The indictments were issued following an investigation by the Alabama Securities Commission and the Alabama Department of Insurance. Officials with the Alabama Securities Commission said according to the indictment, Powell participated in illegal securities transactions by selling promissory notes and misappropriating the investment funds...

The post Alabama Ex-Advisor Charged In Wide-Ranging Insurance, Financial Fraud appeared first on InsuranceNewsNet.

April 2, 2018 – Kuvare US Holdings, Inc. (“Kuvare”), a growth-oriented life and annuity business, is pleased to announce the...

The post Kuvare Acquires United Life appeared first on InsuranceNewsNet.

HORSHAM, Pa. – April 2, 2018 – Penn Mutual, a Fortune 1,000 Company, introduced its latest permanent life insurance product,...

The post Penn Mutual Launches Survivorship Choice Whole Life appeared first on InsuranceNewsNet.

The troubled Chinese insurer that owns New York City's Waldorf Hotel is receiving a $9.6 billion bailout from a government-run fund to shore up its finances. Regulators seized control of privately owned Anbang Insurance in February after a multibillion-dollar asset buying spree raised questions about its stability. The insurer's founder went on trial last week on charges he defrauded investors and misused company money.

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New York, NY (April 3, 2018) – Simplicity Financial Marketing Group Holdings, Inc. (Simplicity) announced today that it has acquired...

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-Sun Life Financial Inc. announced today that it is strengthening its business in Asia by aligning its International high net worth life insurance business with its SLF Asia business group. "Our SLF International business helps high net worth Clients transfer wealth to future generations through life insurance, and given that those Clients are primarily in...

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Marlene Debel, CFO for MetLife, has been appointed to lead the company’s Retirement & Income Solutions business, the company said.

The post MetLife Makes Exec Change in Wake of Annuity Charge appeared first on InsuranceNewsNet.

Four life insurance agents in Southern California were accused of setting up fraudulent policies and collecting $1.9 million in commission.

The post 4 Life Insurance Agents Accused in $1.9M Fake Policy Scam appeared first on InsuranceNewsNet.

Chinese state TV has shown the founder of the insurance company that owns New York City's Waldorf Hotel admitting his guilt at a trial on fraud and other charges. Wu Xiaohui, former chairman of Anbang Insurance Group, is accused of fraudulently raising $10 billion from investors and misusing his post to benefit himself.

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A long-delayed merger between Henrico County- based insurer Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. is being extended yet again as the proposed deal remains under review by some government regulatory agencies. Genworth, an insurance company with thousands of employees in Virginia, first announced in October 2016 that it had...

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Prosecutors say the founder of the Chinese insurer that owns New York City's Waldorf Hotel is on trial on charges of financial misconduct. Wu Xiaohui was detained after regulators seized Anbang Insurance Group following a multibillion-dollar global buying spree that raised questions about where the company got its money and whether it could pay its debts.

The post Chinese Insurance Founder Tried For Alleged Fundraising Crimes appeared first on InsuranceNewsNet.

--John Hancock Insurance introduced an improved Protection Universal Life insurance product with extended guarantees and new optional benefits, providing consumers with coverage that offers lifetime protection tailored to meet their individual needs. "Seven years ago, with interest rates at near all-time lows, we designed a breakthrough product with...

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AALU today announced that CEO David Stertzer will transition to an advisory role with the association, and that current COO...

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