Life Insurance News
WINDSOR, Conn., Aug. 9, 2022 — Total new premium for individual life combination products increased 22% to $4.3 billion, compared with...
Posted: August 9, 2022, 2:27 pm
DALLAS – AUGUST 9, 2022 – Integrity Marketing Group announced it has acquired Richman Insurance Agency, an insurance marketing organization...
Posted: August 9, 2022, 1:41 pm
In a few short weeks, the life insurance industry will be participating in Life Insurance Awareness Month. LIAM, the public...
Posted: August 8, 2022, 5:34 pm
U.S. life insurance application activity declined in July 2022 compared to July 2021, with Year-over-Year (YOY) activity at -7.7%. When...
Posted: August 4, 2022, 3:39 pm
Prosecutors said the 67- year-old cashed in more than $4.8 million from nine life insurance policies with seven different life insurance companies by falsely claiming his wife Bianca Rudolph died accidentally on Oct. 11, 2016, while they both were on a hunting trip in Zambia. "The murder of Bianca Rudolph was not an easy case to investigate and prosecute, but it...
Posted: August 3, 2022, 11:49 am
NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) -- With student loan debt in the United States currently estimated to total...
Posted: July 29, 2022, 1:33 pm
BELMAR, New Jersey, July 29-- The National Conference of Insurance Legislators issued the following news release:. The Resolution was sponsored by Indiana Senator Travis Holdman, former NCOIL President, and co-sponsored by Texas Representative Tom Oliverson, M.D., NCOIL Treasurer. The issue was further discussed during an interim Zoom meeting of the NCOIL Life...
Posted: July 29, 2022, 10:24 am
Madison, Wis. (July 25, 2022) – National Guardian Life Insurance Company (NGL), a Madison-based mutual life insurance company, announced the...
Posted: July 25, 2022, 8:04 pm
-Foresters Financial™, the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that it has increased the standard face amount limits for its Strong Foundation product offering 1, an industry-leading non-medical term life insurance solution designed to meet a range of...
Posted: July 25, 2022, 1:14 pm
Eight years ago, the editor of the Beaufort newspaper wrote about a spate of cases where judges had sealed records and closed courtrooms in South Carolina's 14th Judicial Circuit, in apparent violation of a Supreme Court rule that limits what records can be sealed and the S.C. In one case, a family court judge sealed the records in the divorce case of a S.C. House...
Posted: July 25, 2022, 1:13 am
The Murdaughs are members of a prominent S.C. legal family that first made regional headlines after Paul Murdaugh was involved in a February 2019 boat crash in Beaufort County that resulted in the death of Mallory Beach, 19, of Hampton County. Here's a general look at dates connected to the past few months of news out of Hampton County:. June 10: Randolph Murdaugh...
Posted: July 22, 2022, 1:09 pm
--Integrity Marketing Group, LLC, a leading distributor of life and health insurance and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire PHP Agency, an industry-leading field marketing organization based in Addison, Texas. As part of the acquisition, Patrick Bet-David, founder and...
Posted: July 21, 2022, 6:03 pm
WALTERBORO- Alex Murdaugh's defense attorneys on July 20 pushed a judge for a speedy trial on charges accusing the disbarred lawyer of fatally shooting his wife and son. Columbia lawyer Dick Harpootlian asked Circuit Judge Clifton Newman for a trial by November, saying his client wants to clear his name so state police can find Maggie and Paul Murdaugh's real "...
Posted: July 21, 2022, 10:33 am
In the literary genre known as Southern Gothic, writers dip into the fantastic, the grotesque and the macabre because that's just the way things are down here. Not were, but are– as in the South as it is, and ever was, and as it ever shall be, world without end. And so, nothing much surprises us, even when someone as prominent as Alex Murdaugh is accused of murdering his wife,...
Posted: July 20, 2022, 12:11 pm
DALLAS, July 19, 2022 /PRNewswire/ -- Leading life insurance technology company Bestow today announced its partnership with Empathy, a platform helping families navigate the emotional...
Posted: July 19, 2022, 6:37 pm
It's been a little more than a year since attorney Alex Murdaugh called 911 to his family's home in Hampton County, South Carolina, to report that his wife, Margaret "Maggie" Murdaugh, 52, and son Paul, 22, had been shot multiple times and left dead in the yard. In addition to the murders of Maggie and Paul, the powerful Murdaugh family has been connected to three other...
Posted: July 18, 2022, 11:10 am
Disbarred Hampton County attorney Alex Murdaugh has been formally indicted by a Colleton County grand jury in the June 2021 murders of his wife and youngest son. The indictment was announced Thursday by the South Carolina Attorney General’ s Office and the State Law Enforcement Division, two days after news broke that SLED was planning to charge Murdaugh, 54,...
Posted: July 14, 2022, 3:28 pm
AUSTIN, Texas, July 13, 2022 /PRNewswire/ -- More than two-thirds (68%) of Americans say discussing end-of-life preparations with family/loved ones is important,...
Posted: July 13, 2022, 8:48 pm
Several sources told Nexstar's WSAV that Alex Murdaugh, the former high-profile Hampton County attorney, is expected to be indicted for the murders of his wife and son by a grand jury. Paul and Maggie Murdaugh were found shot and killed on the family's Moselle hunting property in Colleton County, about 70 miles outside Charleston, on June 7, 2021.
Posted: July 13, 2022, 12:47 pm
--Mutual of America Financial Group, which specializes in providing retirement services and investments to organizations and individuals, is pleased to announce that Chris Malfant has joined Mutual of America Capital Management LLC as Executive Vice President and Head of Fixed Income. Specifically, he will focus on asset allocation and oversight of the...
Posted: July 8, 2022, 12:49 pm
--The Penn Mutual Life Insurance Company, a Fortune 1000 company, announces the introduction of Accumulation Indexed Universal Life, a permanent life insurance product providing protection and cash accumulation potential backed by more than 175 years of financial strength. "AIUL offers clients strong upside accumulation potential with downside...
Posted: July 6, 2022, 8:24 pm
COLUMBIA- The state grand jury has indicted disgraced Hampton County attorney Alex Murdaugh and an alleged accomplice on myriad money laundering and drug trafficking charges in connection with a years-long scheme to move mounds of ill-gotten cash and drugs. Man accused in failed $10 M life insurance scheme with Alex Murdaugh arrested.
Posted: July 6, 2022, 8:22 pm
The investigation into their deaths raised new questions about two others: Stephen Smith, a 19- year-old found dead on a rural road in Hampton County in 2015, and Gloria Satterfield, the Murdaugh family housekeeper who fell on their front steps and later died in a hospital never regaining consciousness. The fifth was Mallory Beach, whose drowning death after a...
Posted: July 6, 2022, 10:42 am
The Wisconsin Office of the Commissioner of Insurance is seeking anyone who purchased certain life insurance products and annuity contracts...
Posted: June 30, 2022, 6:14 pm
iQuanti: Traditional term life insurance offers an inexpensive way to cover your loved ones for a fixed period, typically 10 to 30 years. However, if you outlive the policy, the insurer gets to keep all those premiums you paid over the years. That's where a return of premium life insurance can come in handy.
Posted: June 29, 2022, 9:34 am
At the Richland County courthouse Tuesday, Judge Clifton Newman set Smith’ s bond at $250,000, with house arrest and ankle monitoring. Smith, of Walterboro, was arrested Friday by the State Law Enforcement Division and being held in the Colleton County jail. Until Tuesday, the attorney general’ s office and the State Law Enforcement Division remained mum on his...
Posted: June 28, 2022, 5:19 pm
Foresters Financial announced that the non-guaranteed crediting rate on its SMART Universal Life Insurance [1] will increase from 4.50 percent...
Posted: June 21, 2022, 5:11 pm
June 16, 2022 (Birmingham, Ala.) – Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, today announced the publication...
Posted: June 17, 2022, 5:47 pm
—The South Carolina Supreme Court wants to revoke the law license of attorney Alex Murdaugh, saying there is overwhelming evidence he stole millions of dollars from his clients even though more than 70 criminal charges against the prominent lawyer have not been resolved. Murdaugh losing his law license permanently would be a sharp blow to a family that has...
Posted: June 17, 2022, 11:48 am
Engagement and education fueled by solid communications is important to policyholders, according to the J.D. Power 2022 U.S. "One-on-one communication is a great opportunity for group life carriers to increase customer satisfaction,” said Robert Lajdziak, director of global Insurance intelligence at J.D. Power.“ For instance, only 57% of policyholders...
Posted: June 14, 2022, 12:04 pm
CLEARWATER, Fla. – June 13, 2022 – AmeriLife Group announced an investment from Genstar Capital, a leading private equity firm focused...
Posted: June 13, 2022, 6:35 pm
COLLETON COUNTY, S.C.– It has been one year since a mother and her son were found shot to death at a property in Colleton County, South Carolina, and still no arrests have been made, no suspects identified. The bodies of Paul Murdaugh, 22, and Margaret Murdaugh, 52, were discovered by father and husband Alex Murdaugh near dog kennels at a property off Moselle Road on the...
Posted: June 13, 2022, 1:11 pm
The 911 call by Richard Alexander Murdaugh, son of a third-generation 14th Circuit solicitor, reporting the shooting deaths of his wife, Maggie, and younger son, Paul, would propel a scandal-plagued Lowcountry family into the national spotlight. A year later, the South Carolina Law Enforcement Division had made no arrests, announced no leads or suspects, and...
Posted: June 12, 2022, 2:29 pm
The U.S. life/annuity industry saw its net income increase by 60% in the first three months of 2022 compared with the same prior-year period, fueled by declines in tax obligations and realized capital losses. The industry’ s pretax net operating gain was down by 30.4% to $15.0 billion, but the lower tax burden and a $10.2 billion decrease in net realized capital...
Posted: June 10, 2022, 1:02 pm
U.S. life insurance application activity was flat in May 2022 compared to May 2021, with Year-over-Year results at -1.4% and...
Posted: June 7, 2022, 5:56 pm
--Building on the unique strengths of the two organizations, LIMRA and Verisk are partnering to deliver greater capabilities to insurers and recordkeepers to help them combat fraud and financial criminal attacks on their customers. “LIMRA offers a valuable early-warning fraud detection system for the financial services industry for life insurance,...
Posted: June 7, 2022, 1:04 pm
Inflation, exacerbated by the military conflict in Ukraine, and countered by Federal Reserve Bank monetary tightening, has been pushing up...
Posted: June 2, 2022, 3:22 pm
Columbus, OH— To address growing concerns about market volatility, Nationwide has added new index options to one of its indexed...
Posted: May 25, 2022, 1:55 pm
WASHINGTON, D.C. – Per the overwhelming support of the NAILBA members, Finseca and NAILBA have officially voted to merge and...
Posted: May 25, 2022, 12:46 pm

Posted: May 24, 2022, 6:20 pm

Posted: May 24, 2022, 4:20 pm
The NAIFA Foundation for Financial Security, created by the National Association of Insurance and Financial Advisors (NAIFA), aims to grow the...
Posted: May 24, 2022, 12:38 pm

Posted: May 23, 2022, 10:05 am
WINDSOR, Conn. and Washington, D.C., May 11, 2022 — New research from LIMRA and the Finseca Foundation reveals five secrets to...
Posted: May 11, 2022, 2:12 pm
U.S. life insurance application activity declined in April 2022 compared to April 2021, with Year-over-Year (YOY) activity down -11.7%. However,...
Posted: May 9, 2022, 5:30 pm
--Transamerica announces that Liza Tyler has been appointed Head of Annuity Solutions and Andrew DeMarco as Head of Life Solutions for the company's Individual Solutions division. These new positions report to Jamie Ohl, President of Transamerica's Individual Solutions division, which provides individual insurance and investment solutions to...
Posted: May 6, 2022, 6:36 pm
MILWAUKEE – May 5, 2022 – According to the 2021 Black Business Owner Spotlight, 56 percent of Black entrepreneurs reported...
Posted: May 6, 2022, 6:21 pm
BIRMINGHAM, Ala.-- Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., announced that its principal subsidiary, Protective...
Posted: May 4, 2022, 2:22 pm
_ Prudential Financial Inc. on Tuesday reported a loss of $31 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share. Four analysts surveyed by Zacks expected $14.18 billion.
Posted: May 3, 2022, 8:49 pm
NEW YORK, April 26, 2022 -- Mutual of America Financial Group announced today that it has entered into a Stock...
Posted: April 26, 2022, 6:02 pm
Carrier & Product News
Is 40 Year Term Available? YES!!!
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...