Falls Church, Va. – The National Association of Insurance and Financial Advisors announced the creation of the Talent Development Center...

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The Accelerated Underwriting Working Group is chaired by Robert H. Muriel, director of the Illinois Department of Insurance. It will consider the use of external data and data analytics in accelerated life underwriting and possibly draft guidance for states in 2020.

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The New York State Department of Financial Services issued the following news release:. Superintendent of Financial Services Linda A. Lacewell today announced that the Department of Financial Services has fined American Progressive Life and Health Insurance Company of New York $260,000 for rescinding certain life insurance policies without the...

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To help consumers meet the increasing need and cost of long-term care, Lincoln Financial Group today introduced MoneyGuard ® III, the newest generation of its hybrid life/long-term care funding solution. MoneyGuard III, issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, offers new coverage and benefit options and provides greater...

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Sep. 15-- Leslie Chance is schedule to appear before a Kern County Superior judge Wednesday. She is accused of shooting her husband to death in August 2013 and leaving his body near a commercial orchard several miles northwest of Bakersfield. Prosecutors say the couple drove that morning to the area of Noriega Road near Enos Lane, where Chance is alleged to have...

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--Are you like the majority of Americans who don't have life insurance, but also know that you should? Erie Insurance provides perspective on the six most common reasons people delay buying life insurance:. For instance, when asked how much a $250,000 term life insurance policy would be for a healthy 30- year-old, the median estimate was $500 annually— more than...

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Advisors are fighting their own battles with the rapid pace of change, disengagement among their team members, and a churn of conflict keeping their message from reaching their prospects and clients, said decorated war veteran Scott Mann. Humans are "meaning, seeking, emotional, social creatures," he added.

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--The National Association of Insurance Commissioners Life Insurance Policy Locator continues to connect consumers with lost life insurance. This free online tool, maintained by the NAIC, has received 145,432 requests which has led to 46,665 matches of lost or misplaced life insurance policies or annuities with claim amounts of $650,520,451 million being...

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When it comes to DIY estate planning, I have two words of wisdom: User beware.

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Prudential Financial is purchasing Assurance IQ, an online insurance-tech company that meets its customers through an online portal instead of through a financial adviser. It sells life insurance, auto insurance, health insurance and Medicare options online from over 20 providers.

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Employee benefits provider Unum finds that 38% of U.S. adults rate their ability to manage finances as average, poor, or very poor. Thirty-five percent say thinking about what would happen to their family should they die unexpectedly was a top cause of anxiety; only going to the dentist (40%) rated higher.

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A National Association of Insurance Commissioners' working group was working through policy overview language when it took up a request by Pacific Life to change "gender" to "sex." That led regulators to consider how transgender consumers are treated under insurance regulation.

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--Knights of Columbus, a Fortune 1000 insurer with more than $25 billion in assets, announced today that it has launched two more permanent life insurance products in The Knights Advantage Series in the U.S. and Canada: Limited Pay Whole Life and Single Premium Whole Life. Both the Limited Pay Whole Life and the Single Premium Whole Life plans offer a guaranteed...

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Approximately 37.5 million U.S. households currently have no life insurance coverage, and nearly half of all households are underinsured, putting them at risk of not being able replace their income and missing out on a valuable financial tool. 1 During Life Insurance Awareness Month, Lincoln Financial Group shares‘ 9 Things You Need to Know About Life...

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Although 28 percent of employed Americans have voluntary group life insurance through their employer, 59% of workers who say they don’t because their employer doesn’t offer it say they would be likely to purchase it if it was an option. That’s according to a survey conducted online by The Harris Poll on behalf of OneAmerica.

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Chicago, IL, September 01, 2019---- As a leader in the insurance industry of Illinois, Insurance Navy has added life insurance policies to its list of insurance services. This is done to meet the changing needs of an individual as time progresses. President of Insurance Navy, Fadi Sneineh, is happy to announce the agency "s growing insurance services." People often think...

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eMoney’ s Foundational Planning feature is getting a new module, according to an announcement by Fidelity’ s financial planning software company. Called Life Insurance Gap Analysis, the feature is intended to illustrate client insurance needs through either a modular approach or as part of a broader financial plan. “With a planning-led approach, advisors are...

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Total U.S. individual life insurance new annualized premium growth was flat in the second quarter and the first half of 2019, according to LIMRA's annual sales survey. In the second quarter, the number of policies sold decreased 5%, compared with second quarter 2018. Year-to-date, policy count dropped 4%.

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Aug. 28-- FORT WORTH-- Until now, the story of an Arlington couple murdered in 2012 has been tinged with salacious details about witchcraft and voodoo. Willie Guillory, now 24, testified that he was a Houston- area teenager in 2012 when he traveled to Arlington with his uncle Bobby Guillory, 56-- and bludgeoned Nguyen and Ly with a baseball bat he had made in high school...

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Actress and model Brooke Shields, 54, is a near perfect fit for this year's Life Insurance Awareness Month campaign, said Faisa Stafford, president and chief financial officer of Life Happens. So far, more than 60 million people have seen either Shields' television or radio ads.

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Two years after his wife and 6- year-old son were stabbed to death in their Maple Shade apartment, a South Jersey man is fighting to collect $1 million in life insurance on the victims. Late on March 23, 2017, Hanumantha Rao Narra told police on a 911 call that he had "just come from the office" to find his family dead at home.

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Total income in the U.S. life/annuity industry essentially remained flat in the first half of 2019, dropping slightly to $422.4 billion compared with $424.6 billion in the same prior-year period. These significant swings were largely the result of modified coinsurance agreements and the recapture of retrocessions.

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Death benefits payable from a life insurance policy on the death of the insured can be considerable. Such benefits can either be paid directly to one or more individual beneficiaries or be paid to a trust administered for their benefit. Nowadays, however, with the estate tax threshold at around 11.2 million dollars far fewer persons are concerned with estate...

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—A man arrested in the stabbing death of a retired administrator at the California State University, Fullerton campus was a co-worker, police said Thursday. Chuyen Vo, 51, was arrested Wednesday night at his home in Huntington Beach, officials announced at a news conference near the killing scene in a campus parking lot. Vo, whom neighbors said they knew as Chris,...

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Aug. 21-- CARY-- Inside MetLife' s newest building in Cary-- its third tower overlooking Lake Crabtree-- the insurance giant is hoping to find the future of the insurance industry, or at least a competitive advantage. The office is open concept, with not a cubicle in sight-- just shared tables and desks and a few private rooms to be used by nine young companies that are all...

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--Midland National ® Life Insurance Company, a member of Sammons ® Financial Group and one of America’ s leading insurance companies, today announced a new Essential Guaranteed ® Universal Life insurance product with an added Premium Recovery Endorsement and new rates. People are living longer and need to be better prepared for the future,” says Jerry Blair,...

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--North American Company for Life and Health Insurance ®, a member of Sammons ® Financial Group and one of America’ s leading insurance companies, today announced a new Custom Guarantee ® Universal Life insurance product with an added Premium Recovery Endorsement and new rates. People are living longer and need to be better prepared for the future,” says Jerry...

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Allianz Life Insurance Company of North America today announced the launch of the Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy, which will serve as the company’ s flagship FIUL product. Life Pro+ Advantage was built to be in compliance with the 2020 commissioners standard ordinary mortality table. “We’ ve listened to both financial...

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Life insurance or annuity policies sold with a long-term care rider jumped from 228,000 in 2015 to 461,000 in 2018, LIMRA has found. Today, more than 40 carriers are selling these products with a long-term care element. State insurance regulators are hoping the hybrid products stabilize the LTC market while providing consumers with protection.

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Kevin Miles, the 41- year-old insurance agent who allegedly scammed more than 30 people, is in custody, according to Catoosa County Sheriff's Office. Miles worked in the Tennessee Valley area as an independent insurance agent for Atlantic Coast Insurance Co. From June 2017 to July this year.

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CINCINNATI, Aug. 13, 2019-- Ohio National Financial Services is pleased to announce the promotion of Christopher J. Calabro, CLU, ChFC ®, to senior vice president and chief marketing officer, effective immediately. He was formerly with MassMutual and earned his undergraduate degree from the University of Connecticut. Active in the community, Calabro is a board...

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Pamela Hupp, 60, of the St. Louis suburb of O'Fallon, entered an Alford plea in June on a first-degree murder charge in the 2016 death of 33- year-old Louis Gumpenberger. In reality, St. Charles Prosecuting Attorney Tim Lohmar said, Hupp killed Gumpenberger to distract from the re-investigation of her friend Betsy Faria's 2011 death. Faria was stabbed to death in...

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--Health Insurance Innovations, Inc., a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today announced the launch of www.agilelifeinsurance.com, a new on-line marketplace where consumers can easily compare and purchase an array of affordable life insurance products..

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_ CNA Financial Corp. on Monday reported second-quarter earnings of $278 million. On a per-share basis, the Chicago- based company said it had profit of $1.02. CNA Financial shares have risen nearly 7% since the beginning of the year.

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A National Association of Insurance Commissioners' working group has accelerated efforts to complete its long-delayed “policy overview” summary to accompany life insurance sales. The policy overview will accompany the Life Insurance Buyer's Guide and regulators are considering moving up delivery of both.

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The information in this document is based on the unaudited interim financial results of Sun Life Financial Inc. for the period ended June 30, 2019. SLF Inc., its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". TORONTO, July 31, 2019/ PRNewswire/- Sun Life Financial Inc. today...

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Jul. 30-- Unum Group reported a 4.6% gain in its after-tax adjusted operating earnings during the second quarter as premium income grew another 6.8% in Unum's core business, helping the company to beat analysts' forecasts for the period by a penny per share. The Chattanooga- based insurer said today its net income in the three months ended June 30 totaled $281.2...

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FALLS CHURCH – The National Association of Insurance and Financial Advisors (NAIFA) announced Guy E. Baker, Ph.D., MSFS, MBA, CLU,...

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A Minnesota man was sentenced Monday to more than three years in federal prison for faking his death to collect a $2 million life insurance payment. The case stemmed from a life insurance policy Igor Vorotinov, 55, took out on himself and designated his wife, Irina, as the primary beneficiary.

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U.S. captive insurance companies rated by AM Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’ s counterparts in the commercial casualty sector, according to an AM Best special report. The new Best’ s Special Report, titled,“ Rated Captives Continue to Build Upon Strengths,” states that the rated captive...

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Sherra Wright also pleaded guilty to facilitation of a criminal attempt to commit first-degree murder in a hearing in Shelby County Criminal Court. Coffee said Sherra Wright would be eligible for parole once she served 30% of her sentence, which would be around nine years. Sherra Wright had been scheduled to face a jury in a September trial on first-degree...

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--Globe Life And Accident Insurance Company, the country's top volume issuer of life insurance policies, is excited to announce a new, multi-year relationship with the Dallas Cowboys. Globe Life is proud to be the Official Life Insurance of the Dallas Cowboys. "We are proud to designate Globe Life as the Official Life Insurance of the Dallas Cowboys," said Dallas...

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Charles Thomas Blosch died last year in Virginia Beach, 94 days after falling and hitting his head. A federal judge ruled last week for the Transamerica Premier Life Insurance Company, saying Blosch's policy was clear: The death "must occur within 90 days of the accident." District Judge Rebecca Beach Smith wrote.

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--The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 22, 2019. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. SOURCE Kansas City Life Insurance Company.

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Total new premium for individual life combination products dropped 2% to $4.3 billion in 2018, according to LIMRA. Life combination products provide life insurance coverage with long-term care or chronic illness coverage, an attractive value proposition to consumers. In 2018, combination products represented 27% of the overall U.S. individual life insurance market.

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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.

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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...

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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."

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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.

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