Life Insurance News
Company to acquire IGE Private Limited and Elpro International Limited combined shareholding of 15.27%. MUMBAI, India& NEW YORK---- MetLife International Holdings, LLC has entered into a share purchase agreement with IGE Private Limited and Elpro International Limited to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance...
The post MetLife Increases Stake In Its Leading Life Insurance Joint Venture appeared first on InsuranceNewsNet.
The sons of a former housekeeper for the prominent Murdaugh family will be paid some of $4.3 million in settlements collected after their mother's mysterious 2018 death, their attorney wrote on Oct. 3. Cory Fleming and his law firm, Moss, Kuhn and Fleming, will pay the sons all legal fees and expenses the firm received from settlements connected to claims asserted...
The post Settlement Reaches In Suit Claiming Millions Owed Murdaugh Housekeeper’s Sons appeared first on InsuranceNewsNet.
The persistent low interest rate environment over the past few years prompted the deal, Allianz said in a news release.
The post Allianz Strikes $4B Reinsurance Deal With Resolution Re appeared first on InsuranceNewsNet.
The lawyer for the man accused of shooting Alex Murdaugh in a failed insurance fraud scheme says his client is being used as the fall guy.
The post Lawyer: Client Was Set Up In Murdaugh Insurance Fraud Scheme appeared first on InsuranceNewsNet.
Allianz SE is working on a deal to offload a large block of U.S. life insurance policies in a move that reportedly could be announced in the coming days.
The post Report: Allianz Working On Deal To Shed U.S. Life Insurance Block appeared first on InsuranceNewsNet.
The newlyweds will be reunited in a courtroom to stand trial together for the murder of Vallow’ s children, 7- year-old JJ and 17- year-old Tylee, and soon as Vallow is declared competent, Seventh District Court Judge Steven Boyce said during a hearing last week, the Rexburg Standard Journal reported Sunday. Madison County Prosecutor Rob Wood and Fremont County...
The post Lori Vallow, Chad Daybell To Stand Trial Together For Children’s Murders appeared first on InsuranceNewsNet.
--The Penn Mutual Life Insurance Company announced today that, effective January 1, 2022, David O'Malley will serve as the company's president and chief executive officer as part of a planned succession process. During this time, The Penn Mutual Life Insurance Company moved into the Fortune 1000 and is currently ranked 649 on Fortune's 2020 list of Top US...
The post Penn Mutual Life Insurance Co. Announces Executive Leadership Succession appeared first on InsuranceNewsNet.
HAMPTON, S.C. Alex Murdaugh's lawyers are looking to return to court. Attorney Jim Griffin tells WSAV his team is requesting a preliminary hearing in the criminal case. The hearing will be held in a Hampton County court.
The post Alex Murdaugh Attorney Requesting Preliminary Hearing appeared first on InsuranceNewsNet.
Although we do not sell life insurance here at Samuel, Sayward& Baler LLC, we do help clients plan for their families' future and life insurance is often a part of that planning. Here are five things to consider in the context of your estate plan when thinking about purchasing, or dropping, a life insurance policy. Life insurance is an excellent planning tool for young...
The post Estate Planning And Life Insurance — 5 Ways They Work Together appeared first on InsuranceNewsNet.
A Maryland couple allegedly concealed an elaborate fraud scheme over 25 years to reap more than $20 million in life insurance benefits on behalf of applicants.
The post Maryland Couple Used Life Insurance To Fuel $20M Fraud, Feds Say appeared first on InsuranceNewsNet.
WASHINGTON – Americans across the political spectrum overwhelmingly support paid family and medical leave and expanding existing employer-based paid leave...
The post Survey Shows Overwhelming Support For Paid Family And Medical Leave appeared first on InsuranceNewsNet.
Allianz Life's 2021 Retirement Risk Readiness Study identifies distinct differences among ethnicities regarding retirement risks as well as interest in getting help from a financial professional.
The post ‘One-Size-Fits-All’ Retirement Planning A Problem For People Of Color appeared first on InsuranceNewsNet.
A recent report by Deloitte Center for Financial Services, “Financial Inclusion And The Underserved Life Insurance Market,” analyzed ways insurers can navigate the coverage gap and help underserved markets obtain coverage.
The post Insurers Can Close The Coverage Gap While Helping Underserved Groups appeared first on InsuranceNewsNet.
DALLAS, Sept. 14, 2021 /PRNewswire/ -- Bestow, the leading digital life insurance platform, today announces the successful acquisition of Centurion Life Insurance Company,...
A Hampton County judge set a ,000 bond for Alex Murdaugh late Thursday afternoon for his part in staging his own murder so his older son, Buster, could receive a million insurance payout. Creighton Waters with the state Attorney General’ s Office, who is prosecuting the case, asked magistrate Judge Tonja Alexander to consider Murdaugh a flight risk,...
The post SC Judge Grants Alex Murdaugh Bond In Case Stemming From Failed Suicide Plot appeared first on InsuranceNewsNet.
Dan Fortin, Chairman of Foresters Financial, announced today Foresters Financial President and Chief Executive Officer James Boyle's intention to retire February 2022, coinciding with the fourth quarter board meetings.
The post Foresters Financial President/CEO James Boyle To Retire In February 2022 appeared first on InsuranceNewsNet.
American Council of Life Insurers Senior Health Actuary Jan Graeber again shot down misinformation relating to COVID-19 vaccines today.
The post COVID-19 Vaccination Status Has No Bearing On A Life Insurance Claim: ACLI appeared first on InsuranceNewsNet.
The goal of the suicide attempt was to allow Murdaugh's sole surviving son, Buster Murdaugh, to collect an approximately $10 million life insurance policy on the older Murdaugh's life, his attorney said.
The post Attorney: Murdaugh Asked Man To Shoot Him For $10M In Life Insurance appeared first on InsuranceNewsNet.
Freelancers understand that they need to take 100% responsibility for their finances, says Jessica Lepore, founder of Surevested, a New York- based life insurance agency.“ It’ s not all packaged like if you were to work for a corporation.”. Many people in their 40 s and 50 s depend on life insurance provided through an employer, says Grant Dunn, vice president of...
The post The Freelancing Boom May Change Life Insurance Sales appeared first on InsuranceNewsNet.
U.S. life insurance application activity returned to growth in August 2021 compared to August 2020 with year-over-year activity up 5.5%, MIB reports.
The post Life Insurance Activity Returns To Year-Over-Year Growth, MIB Reports appeared first on InsuranceNewsNet.
Former insurance agent Steven Gordon, 67, of Camarillo, Calif., was arraigned last week on 21 felony counts of grand theft, forgery, identity theft, and credit card fraud after allegedly stealing more than $1 million from three former clients.
The post California Regulators: Agent Stole More Than $1M From Clients appeared first on InsuranceNewsNet.
Foresters Financial today announced the launch of Foresters Go, a wellness platform that integrates wearable app-enabled technology and behavioral science to inspire and reward healthy lifestyles.
The post Foresters Financial Partners With dacadoo On Wellness Technology Platform appeared first on InsuranceNewsNet.
The Wisconsin Office of the Commissioner of Insurance released August's administrative actions on Tuesday.
The post Wisconsin Insurance Commissioner Reports August Enforcement Actions appeared first on InsuranceNewsNet.
LIMRA and the Society of Actuaries (SOA) Research Institute announced today a new three-year partnership to collect and process data to be used in industry-wide experience studies.
The post LIMRA, Society Of Actuaries To Partner On Experience Study Data Collection appeared first on InsuranceNewsNet.
NEW YORK- September 7, 2021-. When you're considering life insurance options, you're planning for how you can best protect the people you love. Depending on what sort of plan you sign up for, the death benefit that life insurance pays to your beneficiaries may not be the only thing that life insurance can offer.
The post How Whole Vs Term Life Insurance Policies Work Over Time appeared first on InsuranceNewsNet.
Life insurance agents now can offer their existing clients a product that allows policy owners to keep their policies while eliminating their out-of-pocket premium payments.
In the first six months of 2021, the total number of policies sold increased 8%, compared with prior year results. This is the highest policy sales growth recorded since 1983, according to LIMRA’s recent survey.
The post Life Insurance Premium Up 21% In The Second Quarter, LIMRA Reports appeared first on InsuranceNewsNet.
--Sun Life U.S. announced plans to move its Connecticut office to One Financial Plaza, also known as " The Gold Building," at the corner of Main and Pearl Streets in downtown Hartford. Sun Life will occupy 47,000 square feet of space in one of the largest, most prominent office towers in Hartford. "Hartford is one of the strongest markets in the world for insurance and...
The post Sun Life U.S. Moves Connecticut Office To Downtown Hartford appeared first on InsuranceNewsNet.
Lincoln Financial Group today announced that Dennis R. Glass, president and CEO, will transition roles following the 2022 Annual Meeting...
The post Ellen Cooper Will Lead Lincoln Financial Group In May 2022 appeared first on InsuranceNewsNet.
According to court documents, Robert J. Mueller, allegedly pitched a scam that began be persuading investors to cash out annuities or individual retirement accounts to invest in funds Mueller controlled.
The post SEC Claims Texas Advisor Used Life Insurance To Fuel $58M Scam appeared first on InsuranceNewsNet.
Empathy, a platform helping families navigate the logistical and emotional journeys they face after losing a loved one, today announced a concept partnership with New York Life1, America’s largest2 and most admired3 mutual life insurer.
The post Empathy Partners With New York Life On Mobile App For Those Dealing With Loss appeared first on InsuranceNewsNet.
In the next 12 months, 56% of companies plan to increase staff and 37% plan to maintain their current staff size. Technology, claims and operations roles are expected to see the greatest growth.
The post Study: 56% Of Insurers Plan To Increase Staff Over The Next 12 Months appeared first on InsuranceNewsNet.
Pacific Life Insurance Company announced today that Darryl Button has been named CEO-Elect and will become president and CEO of Pacific Life, succeeding chairman, president and CEO Jim Morris, on April 1, 2022, upon Mr. Morris’ retirement.
The post Darryl Button Named President And CEO Of Pacific Life appeared first on InsuranceNewsNet.
The COVID-19 pandemic was one of the biggest drivers – if not the biggest driver – of the insurance market in the last year and a half. That’s the word from a recent survey taken on behalf of the Million Dollar Round Table.
The post COVID-19 Drove Insurance Sales In Past Year, MDRT Survey Showed appeared first on InsuranceNewsNet.
Former licensed insurance agent Robert Stoddard, 66, of San Clemente, Calif., was arrested after a Department of Insurance investigation found he allegedly stole over $1.2 million from more than 20 victims, including 14 seniors.
The post Ex-California Insurance Agent Allegedly Stole $1.2M From Elderly Clients appeared first on InsuranceNewsNet.
The pandemic has changed our lives in numerous ways. As a result of all the upheaval, many people are reassessing their priorities and thinking about early retirement. According to Pew Research, 28 million baby boomers retired in 2020 and a recent study found 39% plan to retire by 65, while 18% said they plan to retire by age 59.
The post Is Your Client Looking To Retire Early? Ask Them These 4 Questions First appeared first on InsuranceNewsNet.
Union County District Attorney Pete Johnson told Magisterial District Judge Jeffrey Mensch about 3:45 p.m. that Whaley was no longer available. Union County Coroner Dominick Adamo used Whaley's autopsy review in ruling Nichols' death a homicide by acute verapamil toxicity. Nichols died at in the home the couple shared on Lamey Road in Millmont, Union...
Everyone knows that technology will remain a growing part of the insurance sales business. The pandemic only speeded up the...
The post A Good CRM A Crucial (And Overlooked) Part Of An Agent’s Tech Toolbox appeared first on InsuranceNewsNet.
Richard M. Demko II discussed his journey from the kitchen table to the Top of the Table.
Think you won't qualify for life insurance in retirement? "It's easier to qualify than in the past as underwriting has gotten better," says Rafael Rubio, president of Stable Retirement Planners in Huntingdon Woods, Michigan. Term policies tend to have a maximum age limit, typically 85 years old, says Greg Klingler, director of wealth management at the Government...
LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.
The post Transition From LIBOR Will Impact Existing Annuity Contracts appeared first on InsuranceNewsNet.
The increase, which will be implemented next month, September 2021, will impact nearly 30% of the company's 1,200 employees across Maryland, Texas, and Florida. The current minimum wage in Maryland is $11.75, $7.25 in Texas, and $10.00 in Florida. The current minimum wage at Atlas Restaurant Group is $12.00.
The post Restaurant Group Raises Minimum Wage To $15, Offers Life Insurance appeared first on InsuranceNewsNet.
The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.
The post LIMRA Sees A More Robust 2021 Life Insurance Sales Forecast appeared first on InsuranceNewsNet.
This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.
The post July Life Insurance Activity Drops After 2020 Spike, MIB Says appeared first on InsuranceNewsNet.
MINNEAPOLIS – Aug. 10, 2021 – After the disproportionate economic and career impacts that the COVID-19 pandemic dealt women, an...
The post Pandemic Forces Women To Step Back From Their Finances, Allianz Life Says appeared first on InsuranceNewsNet.
Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company's commitment to addressing inequality and the racial wealth gap in the U.S.
The post Northwestern Mutual Announces $100M Fund For Inequality, Racial Wealth Gap appeared first on InsuranceNewsNet.
Gov. John C. Carney signed legislation last week making Delaware the 45th state, plus Puerto Rico and Washington D.C., to join the Interstate Insurance Product Regulation Compact.
The post Delaware The 45th State To Join The Insurance Compact appeared first on InsuranceNewsNet.
New AIG CEO Peter Zaffino fleshes out details of the company’s spin-off of its life and retirement business, which it plans to sell in an initial public offering in the first quarter of 2022, with Blackstone being a minority owner.
Brighthouse Financial issued the following news release on Aug. 5, 2021:. Brighthouse Financial, Inc. announced today that it has authorized the repurchase of up to $1 billion of its common stock. "We are pleased to announce this new authorization as it reflects our financial strength, positions us to achieve our goal of returning $1.5 billion to our...
The post Brighthouse Financial Announces $1B Stock Repurchase Program appeared first on InsuranceNewsNet.
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
The post Idaho Suspends Radio Host’s Producer License For String Of Violations appeared first on InsuranceNewsNet.
Carrier & Product News
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...