Life Insurance News
It also said it sold to Chicago real estate investor and physician Sanjay Gandhi. Allstate confirmed the sale of 29 N. Wacker Drive in a statement to the Sun-Times on Friday.The insurance company bought the 10- story building from Sun Life Assurance of Canada for $29.7 million, property records show. “We no longer need this space alongside our existing Chicago...
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” for the members of Unum Insurance Group. These companies are the core U.S. life/health insurance subsidiaries of Unum Group. In addition, AM Best has affirmed the Long-Term ICR of“ bbb+” and the Long-Term Issue Credit Ratings of Unum.
The post AM Best Affirms Credit Ratings of Unum Group and Its Core U.S. Life/Health Subsidiaries appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of DB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect DBI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise...
The post AM Best Affirms Credit Ratings of DB Insurance Co., Ltd. appeared first on Insurance News | InsuranceNewsNet.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. i, has been honored by Datos Insights with a 2024 Insurance Technology Impact award for its Registered Index-Linked Annuity Digital Ecosystem. “We are honored to receive this recognition from Datos Insights, which highlights the work our teams have done to...
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Chairman& Chief Executive Officer, Prudential Financial, Inc.. Analyst, Keefe, Bruyette& Woods, Inc.. Analyst, Keefe, Bruyette& Woods, Inc..
The post 2024 KBW Insurance Conference Transcript appeared first on Insurance News | InsuranceNewsNet.
Legal& General has today released the latest edition of its Pension Risk Transfer Monitor, which analyses industry trends and market outlooks in the UK and US. The UK PRT market has completed an estimated £20 bn of buy-ins and buyouts in the year to date The US market experienced a record breaking first half, estimated at $26 bn Both markets are on track for one of...
The post PRT Market in UK and US forecast to exceed a combined £250bn in the next 3 years appeared first on Insurance News | InsuranceNewsNet.
Riemer& Braunstein LLP, a law firm specializing in the representation of financial institutions, life insurance companies, and debt funds in real estate and commercial transactions, announced that Simon Levenson has joined the firm as an associate in the firm’ s Tax Credit/Community Development Finance group, a national leader in this practice area.
The post Riemer & Braunstein Expands Tax Credit/Community Development Finance Team with the Hiring of Simon Levenson appeared first on Insurance News | InsuranceNewsNet.
Second-quarter universal life sales increased by double digits compared to the previous quarter, Wink, Inc. reported.
The post Life insurance sales deliver strong rebound in second quarter, Wink finds appeared first on Insurance News | InsuranceNewsNet.
Waterdrop Inc. Announces Second Quarter 2024 Unaudited Financial Results and a Special Cash Dividend. BEIJING, Sept. 4, 2024/ PRNewswire/-- Waterdrop Inc., a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the three and six months ended June 30, 2024...
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This award celebrates outstanding leadership, dedication, and impact within the financial advisory industry, recognizing individuals who exemplify the highest standards of excellence.
The post Owings is NAIFA Young Advisor Team Leader of the Year appeared first on Insurance News | InsuranceNewsNet.
Carol Kheng, ChFC, assumes her role as MDRT’s 99th president and Aurora L. Tancock, CFP, FLMI, joins as secretary.
The post 2025 MDRT Executive Committee focuses on peer-to-peer resources appeared first on Insurance News | InsuranceNewsNet.
Distributed by Public, unedited and unaltered, on August 30, 2024 at 06:36: 20 UTC.
The post Mandatum Life Insurance Company Limited to issue EUR 300 million Tier 2 notes appeared first on Insurance News | InsuranceNewsNet.
Securian Financial is expanding its commitment to the growing digital lending marketplace through a strategic partnership with Aven, a fintech company offering a consumer credit card backed by home equity— the Aven Home Card. “We are excited to partner with Aven, a leader in the digital lending space, to offer our debt protection solutions,” said Michael Dawson, a...
The post Securian Financial Expands Its Digital Lending Market Presence in Strategic Partnership With Fintech Aven appeared first on Insurance News | InsuranceNewsNet.
Letter from the Chairman of the Managing Board. We are the leading insurance group in Central and EasteEurope. Around 32 million customers in.
The post Vienna Insurance Group Half year financial report 2024 appeared first on Insurance News | InsuranceNewsNet.
Letter from the Chairman of the Managing Board. We are the leading insurance group in Central and EasteEurope. Around 32 million customers in.
The post EQS-AFR: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe: Release of a Financial… appeared first on Insurance News | InsuranceNewsNet.
Benjamin Franklin once famously opined that nothing in the world could be certain but death and taxes. But when it comes to estate planning, how can you separate the certainty of the former from the burden of the latter? Permanent life insurance is something to consider.
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Most Americans agree that it’s important for advisors to exhibit emotional intelligence, both with their clients and themselves.
The post Emotional intelligence is a sought-after skill for advisors appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Vantis Life Insurance Company. The outlook of these Credit Ratings is stable. The company also receives additional rating enhancement from its parent, Penn Mutual Life Insurance Company.
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Cigna Health and Life Insurance Company has agreed to pay $236,900 to settle Virginia Bureau of Insurance allegations that a review of its business in 2018 and 2019 found 947 violations and instances of noncompliance with state insurance law and regulations. In making the settlement agreement and accepting the corrective action plan, Cigna regional Vice...
The post Cigna settles state finding of unfair health insurance practices appeared first on Insurance News | InsuranceNewsNet.
AM Best has upgraded the Long-Term Issuer Credit Ratings to“ bb-” from“ b+” of Genworth Financial, Inc. and Genworth Holdings, Inc., as well their Long-Term Issue Credit Ratings. In addition, AM Best affirmed the Financial Strength Rating of B- and the Long-Term ICR of“ bb-” of Genworth Life and Annuity Insurance Company. Additionally, AM Best has affirmed the FSR of C++ and the...
The post AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries appeared first on Insurance News | InsuranceNewsNet.
Routine Matters: How a Regular Wellness Exam Helped Identify Prostate Cancer Early Wed, 08/28/2024- 09:00 Type of Content Article Layout Standard Format Body. Personal health and fitness have always been important to Nigel Graham— volunteer firefighter, Northern Ireland native, Spartan ® race veteran and key member of the Aflac flock in Columbia, South...
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RICHMOND- Cigna Health and Life Insurance Company has agreed to pay $236,900 to settle Virginia Bureau of Insurance allegations that a review of its business in 2018 and 2019 found 947 violations and instances of noncompliance with state insurance law and regulations. In making the settlement agreement and accepting the corrective action plan, Cigna...
The post Cigna agrees to pay $236,900 settlement
Cigna settles state finding of unfair health insurance practices appeared first on Insurance News | InsuranceNewsNet.
Cigna Health and Life Insurance Company has agreed to pay $236,900 to settle Virginia Bureau of Insurance allegations that a review of its business in 2018 and 2019 found 947 violations and instances of noncompliance with state insurance law and regulations. In making the settlement agreement and accepting the corrective action plan, Cigna regional Vice...
The post Cigna agrees to settle Va. findings
Cigna settles state finding of unfair health insurance practices appeared first on Insurance News | InsuranceNewsNet.
FI N ANC IAL RE P O RT T. Letter from the Chairman of the Managing Board. We are the leading insurance group in Central and EasteEurope.
The post 6M 2024 VIG Half-Year Financial Report appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance...
The post AM Best Affirms Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries appeared first on Insurance News | InsuranceNewsNet.
PEMBROKE, Bermuda---- Arch Capital Group Ltd. today announced Daniel“ Dan” J. Houston and Neal Triplett will join the Company’ s Board of Directors, effective immediately. Mr. Houston also serves as an active member of the Business Roundtable and the Fortune CEO Initiative, as well as the Chair of the Tax Committee for the American Council of Life Insurers.
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Bryan Hodgens recently joined John Hilton, senior editor for InsuranceNewsNet, for a discussion of his new role as head of LIMRA research.
The post New LIMRA research head Bryan Hodgens talks annuity and life sales with INN appeared first on Insurance News | InsuranceNewsNet.
While Social Security is a significant part of a retirement strategy, the majority of Americans lack knowledge about the benefit, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America. More than half of Americans say they do not know much about Social Security or how it will fit into their retirement plan.
The post Americans Lack Knowledge About Social Security Benefits in Retirement appeared first on Insurance News | InsuranceNewsNet.
Life is full of life-changing moments. Moving to a different city, starting a new job, becoming a first-time parent. For a 40- year-old in the market for a 20- year, $500,000 term life policy, the average cost of life insurance is just $26 a month, according to Covr Financial Technologies, a life insurance brokerage.
The post 6 Milestones and How They Might Change Your Life Insurance Needs appeared first on Insurance News | InsuranceNewsNet.
As the number of independent advisors has grown, the influence of intermediaries has grown as well.
The post Independent distribution: How it’s changing the industry appeared first on Insurance News | InsuranceNewsNet.
Business commencement date: March 21, 1988. The Summary of Solvency Report for First Half of 2024 is prepared in accordance with applicable regulations including the Regulatory Rules on Solvency of Insurance Companies released by the former China Banking and Insurance Regulatory Commission and the National Financial Regulatory Administration's...
The post Summary of Solvency Report of Ping An Group for 2024 appeared first on Insurance News | InsuranceNewsNet.
Mayor Eric Adams and the New York City Commission on Human Rights announced the settlement— the largest of its kind in city history— on Aug. 22. The company runs a massive housing complex of over 6,000 units in a planned community originally established by Metropolitan Life insurance company. The Bronx Times left a message for the company but did not receive a...
The post City settles with Parkchester housing management for $1M in discrimination suit appeared first on Insurance News | InsuranceNewsNet.
COLUMBUS, Ga., August 23, 2024/ CSRwire/- When it comes to taking care of their health, there are a few simple things that young people may be missing: making and keeping appointments with their primary care physicians, and leaning too heavily on urgent care and the emergency room for their primary care. This, according to Doctor Mike Varshavski, is supported by the...
The post Health Care Advocate and YouTube Star “Doctor Mike” Varshavski Joins Aflac on Their Wellness Matters Campaign, Urging Young People To Develop Better Health Habits appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A+ the Long-Term Issuer Credit Rating to“ aa-” of the members of Allstate Insurance Group. In addition, AM Best has affirmed the FSR of B and the Long-Term ICR of“ bb” of the members of Castle Key Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and all existing Long-and Short-Term Issue Credit Ratings...
The post AM Best Affirms Credit Ratings of The Allstate Corporation and Core Subsidiaries; Downgrades Ratings on Certain Subsidiaries appeared first on Insurance News | InsuranceNewsNet.
In addition, AM Best has removed from under review with developing implications and affirmed the FSR of A- and the Long-Term ICR of“ a-” of Ozark National Life Insurance Company. The ratings of NWLIC were placed under review with negative implications on Oct. 11, 2023, following the announcement that National Western and S. USA Life Insurance Company, Inc., a...
The post AM Best Removes From Under Review and Downgrades Credit Ratings of National Western Life Group, Inc. and Most of Its Subsidiaries appeared first on Insurance News | InsuranceNewsNet.
A federal appeals court gave a partial win to a Connecticut man claiming that AXA Equitable allowed his life insurance policies to lapse without any payment reminder.
The post Lawsuit revived for man who lost $16M in life policies on a missed payment appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty members of Horace Mann Insurance Group, and Horace Mann Life Insurance Company. In addition, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of National Teachers Associates Life Insurance Company and its affiliated entity,...
The post AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries; Assigns Issue Credit Rating to Senior Unsecured Notes appeared first on Insurance News | InsuranceNewsNet.
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, announced today that it has entered into a note purchase agreement to issue $500 million of fixed rate senior unsecured notes in a private placement offering with a weighted average interest rate of 5.94% as...
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Term insurance is a type of life insurance that provides coverage for a specific time period. It is not intended to be permanent or kept indefinitely. Term insurance typically offers the largest amount of life insurance protection at the lowest initial cost over the specified term.
The post A term life insurance fact sheet appeared first on Insurance News | InsuranceNewsNet.
Health Care Advocate and YouTube Star“ Doctor Mike” Varshavski Joins Aflac on Their Wellness Matters Campaign, Urging Young People To Develop Better Health Habits https://www.3blmedia.com/sites/default/files/styles/carousel_2x/public/images/Doctor_Mike_Aflac_8. 20.24 A.jpg "width=" 600 "height=" 900 "alt=" "Doctor Mike" Varshavski, a board-certified...
The post Health Care Advocate and YouTube Star “Doctor Mike” Varshavski Joins Aflac on Their Wellness Matters Campaign, Urging Young People To Develop Better Health Habits appeared first on Insurance News | InsuranceNewsNet.
Momentum IUL offers a variety of indexed account options, based on the well-known S&P 500 or Nasdaq 100 indices, for the potential to accumulate tax-advantaged cash value, along with full downside market protection to manage market risk.
The post Prudential launches Momentum IUL appeared first on Insurance News | InsuranceNewsNet.
Aegon is an international financial services holding company. Aegon's portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint ventures in Spain& Portugal, China, and Brazil,...
The post Interim financial Information 1H 2024 appeared first on Insurance News | InsuranceNewsNet.
Aegon reports first half year 2024 results. New EUR 200 million share buyback program started in July; expected to be completed in the second half of 2024 Free Cash Flow of EUR 373 million, which includes 2023 final dividend from a.s.r. 2024 interim dividend of EUR 0.16 per common share, an increase of EUR 0.02 compared with 2023 interim dividend Lard Friese, Aegon...
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Franklin Madison, a leading provider of insurance solutions for financial institution consumers, is excited to announce the launch of SimplyTerm ® Flex Life Insurance by Prudential. 1 By prioritizing flexibility and accessibility, SimplyTerm Flex empowers consumers by allowing them to make adjustments to their life insurance policy as circumstances...
The post Term Life Gets Flexible: Franklin Madison Unveils SimplyTerm® Flex by Prudential appeared first on Insurance News | InsuranceNewsNet.
With so much consumer interest in healthy living and sustainability, will the life insurance industry begin to offer “green” life insurance?
The post Will life insurance be the next product to go ‘green’? appeared first on Insurance News | InsuranceNewsNet.
AuguStar Life continues to round out its product lineup with a new indexed universal life offering.
The post AuguStar rounds out product lineup with new IUL appeared first on Insurance News | InsuranceNewsNet.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of LifeMap Assurance Company. The ownership of LifeMap was transferred to LSV by Cambia Health Solutions, Inc. Jan. 3, 2022, through the finalization of a partnership agreement. LifeMap’ s ratings takes into consideration the implicit support by LSV and its...
The post AM Best Withdraws Credit Ratings of LifeMap Assurance Company appeared first on Insurance News | InsuranceNewsNet.
The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the...
The post FHLBank Pittsburgh Announces Two New Board Members appeared first on Insurance News | InsuranceNewsNet.
New life insurance premium declined 1% during the first half, and the total number of policies sold was level with 2023, LIMRA reports.
The post High interest rates put chokehold on whole life in flat Q2 , LIMRA finds appeared first on Insurance News | InsuranceNewsNet.
Recent study reveals middle-income Americans represent the largest market opportunity for the financial-services industry.
The post Achieving life insurance success with middle-income Americans appeared first on Insurance News | InsuranceNewsNet.
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...