Life Insurance News
About 8 out of 10 business owners surveyed expressed worries that specific events or losses would have the potential to affect their business. Life insurance and business owners policies tied as the top concerns.
The post Business owners worry about gaps in insurance coverage, survey finds appeared first on Insurance News | InsuranceNewsNet.
Sep. 27— HAMMOND— A Crown Point man who pleaded guilty to defrauding insurance companies in June was sentenced to 12 months and a day in prison on Wednesday, according to court records. Marlon Underwood, 49, was indicted by a federal grand jury in 2021 for tricking a Maryland insurance firm to pay him for insurance policies he sold to Northwest Indiana residents.
The post Phony Crown Point insurance agent sentenced to just over a year in prison appeared first on Insurance News | InsuranceNewsNet.
Life Insurance Awareness Month gives an opportunity to discuss some key points to reinforce with clients to help remind and educate them on the important part it plays in securing one's financial future.
The post Life Insurance Awareness Month: Key points to reinforce with consumers and clients appeared first on Insurance News | InsuranceNewsNet.
This new permanent life insurance product, available through the workplace, offers a streamlined digital process for employees to receive an instant offer for personally owned coverage.
LIMRA and LOMA execs shared some insights and advice about why more women aren't buying life insurance and what advisors can do about it.
Corebridge Financial, Inc. today announced that it has entered into a definitive agreement to sell its UK life insurance business, to Aviva plc for a total consideration of £460 million in cash. Peter Zaffino, Chairman and Chief Executive Officer of majority shareholder American International Group, and Chairman of the Board of Directors of Corebridge, said: "...
The post Corebridge Financial to sell UK life insurance business to Aviva appeared first on Insurance News | InsuranceNewsNet.
The life insurance industry has a new tool to identify mortality risk among applicants.
Government prosecutors and Phillip Roy Wasserman are waging an escalating battle of obstruction charges as a Florida judge prepares to sentence the former "Annuity King" on fraud charges.
The post U.S attorney alleges obstruction, seeks stiffer sentence for ‘Annuity King’ appeared first on Insurance News | InsuranceNewsNet.
Be a superhero to your clients by offering life settlements.
The post Unharness your business’s epic ascension with life settlement superhero power appeared first on Insurance News | InsuranceNewsNet.
North Carolina regulators are releasing funds to long-suffering policyholders who own life insurance and annuities with insurers formerly controlled by Greg Lindberg.
The post NC regulators release $1.2B from former Lindberg insurers in receivership appeared first on Insurance News | InsuranceNewsNet.
The Japanese insurance model of selling mass quantities of insurance using a large sales force will struggle to survive in the next decade.
The post Japan’s changing insurance industry can learn some lessons from the U.S. market appeared first on Insurance News | InsuranceNewsNet.
Two decades later, the nonprofit remains dedicated to helping Americans achieve financial security through a better understanding of the value of life insurance.
John Hancock continues its efforts to redefine the role of a life insurance company, hosting its first Longevity Symposium in Boston.
The post John Hancock steps up redefining life insurance with ‘Longevity Symposium’ appeared first on Insurance News | InsuranceNewsNet.
Just 52% of U.S. adults report having life insurance, down from 63% in 2011, LIMRA reported. Other sales data were much more positive during the second quarter.
The post LIMRA: Record number of Americans plan to purchase life insurance appeared first on Insurance News | InsuranceNewsNet.
The pumpkin spice season comes and goes, but advising clients about life insurance is always in season.
The post Don’t let life insurance be the pumpkin spice of client financial planning! appeared first on Insurance News | InsuranceNewsNet.
Sentencing for Phillip Roy Wasserman, the self-styled "Annuity King" convicted on fraud charges, was originally scheduled for this week.
The post ‘Annuity King’ sentencing delayed a month to permit character witnesses appeared first on Insurance News | InsuranceNewsNet.
Second-quarter indexed life sales hit $812.6 million, up 27.8% from Q1 and up 18.5% compared to the same period last year.
The post Indexed life sales up 28%, drives strong Q2 for life insurance, Wink says appeared first on Insurance News | InsuranceNewsNet.
In honor of Labor Day, here's a story that illustrates the value and service insurance agents and financial advisors provide every single day.
The post The steadfast role of agents and advisors: A Labor Day story appeared first on Insurance News | InsuranceNewsNet.
Pacific Life denied all claims and asked a Washington state federal judge to dismiss a lawsuit brought by a Richland couple dissatisfied with a PDX indexed universal life policy.
The post Pacific Life denies fault, asks court to dismiss IUL lawsuit in Washington state appeared first on Insurance News | InsuranceNewsNet.
When you know something is not right and your instincts confirm it, then there is no right way to do a wrong thing.
How life insurance leverages today’s market and tax environments for retirement planning purposes.
The post Life insurance can offer more than a death benefit appeared first on Insurance News | InsuranceNewsNet.
In a high-interest rate environment, using premium finance to purchase life insurance for death benefit purposes can be a strategic solution for estate planning, wealth transfer and business transition needs.
The post Structuring life insurance premium finance when interest rates are high appeared first on Insurance News | InsuranceNewsNet.
OKLAHOMA CITY— New documents, obtained by News 4, detail what happened after an Oklahoma widow claimed a life insurance policy for her husband following his death. Oklahoma's Insurance Commissioner, Glen Mulready, confirmed to KFOR Monday that his team has joined with the Attorney General's office to investigate the case. Wright purchased a life insurance...
An advisor recalled how he launched his insurance career and qualified for Million Dollar Round Table by working with the group he could relate to most – newly graduated engineers.
The post How an advisor made MDRT by working with young engineers appeared first on Insurance News | InsuranceNewsNet.
Cross-selling often results in increased sales revenue and higher rates of client retention and satisfaction.
The award is the highest honor accorded by the insurance industry to a living individual who has rendered outstanding services to the institution of life insurance.
The post Joe Jordan to receive the 2023 John Newton Russell Memorial Award appeared first on Insurance News | InsuranceNewsNet.
Whole life insurance can serve as part of the foundation of a financial plan and a solid component of a client’s overall financial strategy.
The post Whole life insurance: An opportunity in a changing market appeared first on Insurance News | InsuranceNewsNet.
A Washington state couple says they are out hundreds of thousands of dollars they expected to help fund retirement after being misled on an indexed universal life insurance policy.
The post Washington state couple sues Pacific Life over IUL illustration appeared first on Insurance News | InsuranceNewsNet.
COLLETON COUNTY, S.C.- Judge Bentley Price on Monday denied a motion made by Alex Murdaugh seeking to vacate his confession in an insurance fraud and wrongful death case involving his former housekeeper, Gloria Satterfield. He initially told the insurance adjuster that " Ms. Satterfield briefly regained consciousness before EMS arrived… and told him, but no one...
The post Judge denies motion to vacate Murdaugh's confession in Satterfield case appeared first on Insurance News | InsuranceNewsNet.
Term life insurance can play a significant role in retirement planning.
The post How term life insurance can maximize your client’s retirement stash appeared first on Insurance News | InsuranceNewsNet.
Kemper Corporation announced that Christopher Flint has joined the company as President of Kemper Life, effective today. Flint has over 25 years of experience in the financial services and insurance industries, with senior leadership roles at Securities America, Lincoln Financial, Protective Life, Farmers New World Life, and most recently at USAA, where he...
The post Kemper appoints Christopher Flint as president of Kemper Life appeared first on Insurance News | InsuranceNewsNet.
Gig workers have a unique set of needs that life insurers must be able to need.
The post Gig economy workers need life insurers to address their needs appeared first on Insurance News | InsuranceNewsNet.
Preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates show increases in premium and policies sold in Q2.
The post Whole life, term, drive life premium and policy growth in Q2, LIMRA finds appeared first on Insurance News | InsuranceNewsNet.
Investors are diversifying beyond stocks and bonds. How to use private placement life insurance.
The post Adding alternative investments to your wealth practice with PPLI appeared first on Insurance News | InsuranceNewsNet.
Although nearly half of Gen Z say they need life insurance, many have not purchased a policy. Experts discuss 5 reasons why not.
The viral popularity of large language models has led the insurance industry to take notice and contemplate how to incorporate it into their operations.
The post Large language models can elevate the life insurance customer experience appeared first on Insurance News | InsuranceNewsNet.
Individual life policies offer far more customization to suit the specific needs of each person.
The post Individual life insurance is the future of employee benefits appeared first on Insurance News | InsuranceNewsNet.
Aflac announced the launch of a new product, Aflac Group Life Term to 120, to provide worksite life insurance with flexible living benefits and affordable rates that won't increase across employees' lifespans.
Constellation Insurance announces the rebranding of its Ohio National life insurance business as AuguStar Life.
It's the first update to the company's brand in 50 years.
Most Gen Z adults are hesitant to purchase life insurance because they see it as either too expensive or too complicated.
The post Gen Z and the future of life insurance: Adapting to a new generation appeared first on Insurance News | InsuranceNewsNet.
Life settlement annuities and long-term care life settlements can be effective in helping seniors fund future long-term care needs.
The post Life settlements: A new generation of solutions helps seniors fund future care appeared first on Insurance News | InsuranceNewsNet.
Jul. 6— In a stock transaction, Cathay Life Insurance is selling its Conning insurance investments and research subsidiary in Hartford to an affiliate of Generali Group, an Italian company that is among the 10 largest underwriters globally. Entering April, Conning had $157 billion in assets under management, ranking 79th on a Sovereign Wealth Fund Institute...
The post Conning, a Hartford insurance industry icon, gets new European owner appeared first on Insurance News | InsuranceNewsNet.
The lawsuit, which was filed by Katie Richins-Benson, Eric Richins’ sister and the representative of his estate, accuses his wife, Kouri Richins, of stealing money from his bank accounts, illegally making herself his power of attorney, taking out life insurance policies in his name and profiting off of his death in a“ horrific endgame.”. Kouri Richins was charged with...
The life settlement market has shown consistent expansion, with 2022 demonstrating a strong rebound after a brief COVID induced slowdown...
The post Industry numbers show growing life settlement market appeared first on Insurance News | InsuranceNewsNet.
The LGBTQ+ community has been the subject of recent legislation and executive orders that shed light on this population segment's financial planning and insurance challenges.
Nationwide is introducing Life Essentials, a new term life product that uses fully digitalized automated underwriting to provide an applicant with an instant quote and detailed decision in minutes.
Chatbots promise big changes in the coming years to both customer support and the underwriting process.
The post How life insurance companies can leverage chatbots appeared first on Insurance News | InsuranceNewsNet.
Verve is the first Black-owned, Black-controlled and Black-led U.S. taxpayer life insurance company in operation since the cessation of North Carolina Mutual in 2018.
The post Life Insurance Strategies Group forms new private placement life insurance company appeared first on Insurance News | InsuranceNewsNet.
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses, the COVID-19 pandemic is still fresh in people's minds, uncertainty and volatility are on the rise. It comes as no surprise that there is a greater need for financial protection and a higher insurance demand.
The post Swiss Re execs look at inflation, catastrophe losses, longevity gains appeared first on Insurance News | 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...