--Milliman, Inc., a premier global consulting and actuarial firm, announces the results of a first-of-its-kind, industry-wide study that examines insurers' experience with combination products– those that couple life or annuity policies with Long-Term Care or Chronic Illness riders. The study, which includes data from 11 insurers focused primarily on...

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Boston Consulting Group, a management consulting firm, issued the following news release, dated March 18:. After decades of limited innovation, distribution is on the cusp of major change, which will unlock benefits for all stakeholders, according to a joint research report from Boston Consulting Group and Morgan Stanley Research, Reinventing Life Insurance...

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White Plains, NY…March 19, 2019 Amalgamated Life Insurance Company (www.amalgamatedlife.com), a leading provider of comprehensive insurance solutions, announced today its...

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--MoneyLion, America's most powerful financial membership designed to help the hardest-working Americans save, borrow and invest, today launched the industry's first health tracker for finances, the Financial Heartbeat. Similar to smartwatches and fitness wearables, the MoneyLion Financial Heartbeat simplifies the tracking and understanding of one's...

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Ask someone why they're investing for retirement, and they'll usually give two answers: to cover post-retirement living expenses and to help provide for a spouse after they're gone. But what if "gone" comes far earlier than you expect? Term life insurance is a great but often misunderstood safety net.

The post Here’s What Clients Need To Know To Pick Good Life Insurance appeared first on InsuranceNewsNet.

Indexed life sales for the fourth quarter were $617.4 million, up more than 16.8 percent compared with the third quarter, and up more than 7.2 percent compared to the fourth quarter 2018. Annual indexed life sales were over $2.1 billion.

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The LIMRA study reported fourth-quarter new premium was flat, compared with fourth quarter 2017. Policy count was flat in the fourth quarter and for the year. This is the third consecutive quarter of flat policy count and the second consecutive year without policy growth.

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Norman Pennington, 61, testified he initially thought Roxanne Guty, 51, was joking when she offered to pay him to kill her husband, Arthur Guty Jr. Pennington said sometime in September, Roxanne Guty first asked him to kill her husband. He testified when he told he’ d need a. 22 caliber rifle that would cost around $275, Roxanne Guty gave him $300 about 10 to 15 minutes...

The post Pa. Woman Charged With Soliciting Husband’s Killer With Life Insurance Proceeds appeared first on InsuranceNewsNet.

New York Life, America’ s largest mutual life insurer, today announced strong financial results for 2018, marked by record company highs in surplus, life insurance and annuity sales, and operating earnings. “Our outstanding results underscore a focus on delivering consistently strong financial performance that enables us to keep our promises to customers...

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Genworth Financial Inc. is laying off about 80 employees, including 21 workers at the company's corporate headquarters in Henrico County. Genworth is temporarily suspending the sales of individual long-term care insurance and income Assurance Annuity products through brokerage general agencies. Genworth is being acquired by China Oceanwide Holdings...

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Putnam County could soon offer a more substantial life insurance policy for law enforcement and emergency personnel. In just the past four months in Tennessee, two police officers and one paramedic have been killed in job-related incidents. A Sullivan County deputy was shot while doing a welfare check at a home in Blountville, a Chattanooga police officer was...

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African-Americans view life insurance as more than a means to pay for final expenses. They are increasingly looking to life insurance as a way to transfer wealth and leave a legacy, according to a New York Life study.

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March 07-- Mar. 7-- Jacquelyn Smith had been cautious with money all her life, recalled her older brother, Marcel Trisvan. Yet upon marrying Keith Smith, the electrical engineer who always chose cars that "she knew she could get 20 years out of" became indulgent, Trisvan said. Keith Tyrone Smith, 52, now stands accused-- alongside Valeria Smith, 28, his grown daughter from a...

The post Husband Accused In Baltimore Slaying Benefited From Wife Financially appeared first on InsuranceNewsNet.

--Crump Life Insurance Services and SelectQuote, an Overland Park, Kan. and San Francisco- based direct marketing organization, today announced the start of a multi-faceted strategic relationship that will bring much needed life insurance and retirement protection coverage to more distributors, businesses and consumers. We believe combining the resources...

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COLUMBIA, S.C. (March 6, 2019) — Colonial Life clients can now ease their employees’ worries over student loan debt, thanks...

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For example, no insurance company money was used to purchase Mr. Lindberg's investments in the Idaho and Key West properties, his boat, or the airplanes, one of which was leased. Before he acquired his first insurance company, Mr. Lindberg established a no-dividend policy for each insurance company to protect policyholders and ensure that the capital that Mr....

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A preliminary hearing for Kendra L. Dias, charged with orchestrating the slaying of her stepfather Donald Bachman nearly four years ago, was delayed Thursday for more than a month. Dias, 24, of 114 Hemlock St., Sugar Notch, is the sole person charged as investigators allege she planned the deadly shooting in front of Bachman's house at 62...

The post Prosecutor Says ‘Others’ Involved In Pa Killing; Life Insurance Paid Out appeared first on InsuranceNewsNet.

Feb. 28-- Feb. 28-- Wells Fargo's program to compensate customers affected by the bank's violation of consumer protection laws has begun, the Texas Attorney General's office said. Texas customers, as well as customers around the country, who were affected by the bank's practice between 2009 and 2016 of opening millions of unauthorized bank accounts in the names of...

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OneAmerica has launched two new term life insurance products designed to offer more flexibility for protection.

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Feb. 28-- Feb. 28-- Connecticut Attorney General William Tong published Wells Fargo "redress" plan to reimburse customers who have yet to receive money after a multistate investigation into employees opening bogus accounts to increase their commissions and other infractions. Connecticut received $5.2 million as its share of a $575 million national...

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Envestnet Insurance Exchange, a new insurance network that integrates insurance solutions into the wealth management process on the Envestnet platform, has agreements with six carriers -- Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Company and Nationwide.

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Today, Pacific Life Insurance Company announced two new indexed universal life insurance products: Pacific Discovery Xelerator IUL 2 and Pacific Indexed Accumulator 6. 1. Both life insurance products continue in the tradition of providing flexible death benefit protection for individuals and businesses. “These products represent our ongoing commitment...

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For the year ended December 31, 2018, MassMutual reported total sales through its advisor network of $30.8 billion, a 20 percent increase over the prior year, led by strong demand for its life insurance and annuity offerings as part of the company’ s broad range of holistic financial solutions. These results, coupled with strong investment income, resulted in...

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McGuire recognized early that there would be additional benefits, besides financial, by partnering with the Allianz name and its association with some of the biggest names in global soccer. The St. Paul stadium will be the eighth bearing the Allianz name. Allianz Life’ s German parent company Allianz SE already has established naming deals with the Munich home...

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MEMPHIS, Tenn.— The sudden death of a loved one can leave a family scrambling to find the money for a funeral. More and more people in the Mid-South are now turning to fundraising websites for help including Danielle Jones' family. "I asked the paramedics is he breathing?

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AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Principal Life Insurance Company and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc., and...

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HOUSTON – February 21, 2019 – American International Group, Inc. (NYSE: AIG), whose domestic life insurers are leaders in the...

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"We exist to help clients achieve financial security, and our company's financial strength ensures we are well positioned to deliver on our promises for generations to come," said John E. Schlifske, chairman, president and chief executive officer. The company continued its track record of maintaining the highest financial strength ratings awarded to any U.S....

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The suspect made herself the beneficiary of her aunt's life insurance and transferred more than $165,000 of her aunt's money into her account, a police report states. Brandie Woodward, 35, was charged with exploitation of the elderly and was jailed on $5,000 bail.

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Arthur J. Gallagher & Co. acquired Partners Advantage Insurance Services and AMZ Financial Insurance Services on Jan. 28. The move marked the first substantial entry by Gallagher into the independent marketing organization channel of insurance distribution.

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The majority of Americans (88 percent) say technology should complement, not replace, the services of a human financial advisor, with 85 percent of Americans stating they prefer working with a human financial advisor rather than a robo advisor.

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An accountant from Baton Rouge stole roughly $2 million that the historically troubled New Orleans Firefighters Pension and Relief Fund gave to him to invest in life insurance policies -- and then used the money to gamble, finance home improvements and pay off debts, federal prosecutors allege.

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At its annual all-company meeting, Securian Financial announced solid preliminary 2018 financial results, including year-over-year increases in total sales, top-line revenue and earnings. “In 2018, Securian Financial achieved strong financial performance while significantly advancing our strategic priorities and increasing our community...

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The average American will hold at least eight jobs during their lifetime and the term life insurance benefit provided will most likely also terminate when the decision to part ways is made. Because of this, it is important to separate the employment insurance from personal insurance.

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Allianz Life Insurance Company of North America today announced its 2018 financial results, with assets under management rising to $138 billion and total premium reaching $12.7 billion, 16 percent higher than 2017. Allianz Life’ s operating profit topped $1 billion for the third year in a row, reaching slightly more than $1 billion. In 2018, the company paid...

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Feb. 15-- A Williamsville man who admitted he used his dead brother to defraud a trade union of worker benefits was sentenced Thursday in federal court to serve two years of probation-- including six months of detention-- and ordered to perform 100 hours of community service, according to the U.S. Attorney's Office. Prosecutors said 61- year-old Timothy McCluskey,...

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The Securities and Exchange Commission issued the following news release:. The Securities and Exchange Commission today announced that it is extending for one month the comment period on the proposed rulemaking to amend rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance...

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American International Group, Inc. today reported a net loss of $622 million, or $0.70 per share, for the fourth quarter of 2018, compared to a net loss of $6.7 billion, or $7.33 per share, in the prior-year quarter. “Our fourth quarter 2018 results showed positive improvements in General Insurance, reflecting actions we took throughout the year to re-position and...

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With its LTC rider, SmartCare arrives at the intersection of two key retirement trends: rising costs of long-term care and increasing life expectancies. It is estimated that 50 percent of Americans turning 65 today will require some form of long-term care, with average lifetime long-term care expenses of $266,000, Brighthouse noted.

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A National Association of Insurance Commissioners' subgroup had disagreement today during its first conference call today on IUL illustrations. The issue is whether IUL multipliers are fooling consumers into under-funding policies, or an appropriate risk-reward option.

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The number of Bermuda- based companies in the sector, which provides global coverage of life, annuity and pension products, more than doubled in 2018, compared to the previous year. A total of 15 new long-term companies were licensed in Bermuda last year, compared to six registrations in 2017— marking the greatest year-on-year growth across all insurance...

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Leslie Chance, 52, faces a life term in prison if convicted of the first-degree murder charge filed against her. Chance was first arrested days after the body of Todd Chance, 45, was found the morning of Aug. 25, 2013, in a field off a dirt section of Noriega Road near Enos Lane. She then abandoned the car in a southwest Bakersfield neighborhood before getting home by...

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RADNOR, PA, February 11, 2019 – In response to increasing consumer preference for holistic financial solutions that meet multiple planning...

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AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of EquiTrust Life Insurance Company (EquiTrust).

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A National Association of Insurance Commissioners' subgroup will resume discussions Tuesday on controversial indexed universal life illustrations. The group is expected to discuss how to illustrate products with different attributes, and whether to consider capping the credited rate.

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A Wisconsin-based insurance company and a credit union have agreed to pay $3 million to settle allegations that they improperly raised insurance premiums associated with 4,461 loans. The proposed settlement, which is scheduled to be considered by a judge later this month, would resolve an eight-year-old class action lawsuit.

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A Florida woman convicted of helping mastermind the killing of her husband nearly two decades ago has been sentenced to life in prison. Prosecutors say Denise Williams plotted the killing of her husband in a scheme to get a $1.75 million life insurance payout.

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_ MetLife Inc. on Wednesday reported fourth-quarter net income of $2.07 billion. The New York- based company said it had net income of $2.04 per share. For the year, the company reported profit of $5.12 billion, or $4.91 per share.

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After working through some challenges related to regulation, capital flow and underwriting, the life settlements industry is coming off another year of growth in 2018 and seems poised to remain on that steady growth trajectory.

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_ Lincoln National Corp. on Wednesday reported fourth-quarter net income of $387 million. The Radnor, Pennsylvania- based company said it had profit of $1.80 per share. Lincoln National shares have climbed 15 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 9 percent.

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