Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.

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The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.

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A state insurance regulator group is finishing up its next industry survey to learn how home insurers are using artificial intelligence and machine learning.

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Modern Life’s technology and brokerage platform will provide access to life insurance products from Symetra.

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Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the IRS tax code criteria that cash value life insurance policies must meet to retain tax-advantaged status.

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After a year-long investigation and a highly publicized, six-week trial, disgraced and disbarred South Carolina lawyer Richard "Alex" Murdaugh has been convicted and sentenced in the June 7, 2021, shooting deaths of his wife, Maggie, and younger son, Paul. The S.C. Attorney General's Office earned a conviction on both counts of murder during a marathon trial in...

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A Muscatine woman who attempted to defraud Madison, Wisconsin- based CUNA Mutual Group with a false life insurance claim has been sentenced to two years in federal prison. She pleaded guilty to one count of wire fraud on Nov. 14, 2022, during a change of plea hearing in U.S. District Court, Davenport. During a sentencing hearing held Wednesday in U.S. District Court,...

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On March 1, VA increased the maximum amount of life insurance coverage available to veterans and service members from $400,000 to $500,000 for Veterans' Group Life Insurance and Servicemembers Group Life Insurance. Veterans who are under age 60 and currently enrolled in VGLI will be able to purchase additional coverage in $25,000 increments up to $500,000.

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Consumers love indexed universal life, a love affair that remained strong in the fourth quarter 2022, according to Wink’s Sales & Market Report.

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CHARLOTTE- A North Carolina business magnate remains free after he was indicted on charges he conspired to conduct a massive scheme to deceive insurance regulators and policyholders related to insurance companies that he controlled. Greg E. Lindberg of Durham was ordered released on $100,000 unsecured bond following his initial appearance and...

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--Today, John Hancock, a unit of Manulife, announced that Marianne Harrison has decided to retire after twenty distinguished years with the company and that Brooks Tingle will become President and CEO of John Hancock, effective April 1 st, 2023. Mr. Tingle will join Manulife's executive leadership team and report to Roy Gori, President and CEO of Manulife.

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Norman was found guilty back in September of setting up the 2016 murder of his 21- year-old nephew, Andre Montgomery. Prosecutors say he attempted to cash in a life insurance policy on Andre worth $450,000 after coordinating with exotic dancer Terica Ellis to pull off the killing. Norman allegedly paid Ellis $10,000 to lure his nephew to a location, and then paid...

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John Hancock announced it will expand access to GRAIL’s Galleri multi-cancer early detection test to eligible life insurance customers participating in the John Hancock Vitality PLUS program.

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SafeGuard360 includes life insurance, long term care and income protection benefits, helping individuals build the foundation for lifelong well-being.

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The partnership between FINEOS and Empathy will equip life insurance carriers with the technologies and services they need to comprehensive support to their customers.  

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Prosecutors are moving toward the close of their double-murder case against Alex Murdaugh, even as Judge Clifton Newman closed the door on more discussion of an apparent botched suicide attempt three months after Murdaugh’ s wife and son were killed at the family’ s rural Colleton County estate. On Wednesday morning, S.C. Law Enforcement Division agent David...

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Although Brighthouse Financial is focused on registered index-linked annuities, the company had a boost in fixed deferred annuities in the fourth quarter because of high interest rates.

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WALTERBORO— A bogus bomb threat that briefly halted the double-murder trial of Alex Murdaugh midweek seemed inevitable— as in, of course, there's a bomb threat— as well as prescriptive. The courtroom had to be evacuated at the precise moment when sleepy jurors' chins were dropping toward their clavicles, notwithstanding the riveting testimony of FBI automotive...

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Feb. 9— WALTERBORO, S.C.— Alex Murdaugh, a once prominent Hampton- based attorney from a well-known politically-connected family, is on trial in the deaths of his wife, Maggie, and son, Paul. Judge Clifton Newman has sent court into recess until 9:30 Friday. Mark Tinsley, the attorney for Mallory Beach's family, is still on the stand.

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Brad Rhodes: How does an irrevocable life insurance trust work? Published 12:00 am Thursday, February 9, 2023. Over the past few years, the government has increased the estate and gift tax exemption to $11.58 million per individual.

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A New York appeals court allows a family to fight over benefits from a policy that two beneficiaries would have let lapse if it weren’t for their mother, who now wants to cut them out.

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Murder victim Margaret "Maggie" Murdaugh may have purchased, picked up, and delivered the very gun that took her life on the night of June 7, 2021- a gun purchased for her son, Paul, who was also shot and killed in a case where the family patriarch, Alex Murdaugh, is charged. SLED Firearms Examiner Paul Greer testified Friday afternoon that fired S& B 300 Blackout...

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Brad Rhodes: How does an irrevocable life insurance trust work? Published 12:00 am Sunday, February 5, 2023. Over the past few years, the government has increased the estate and gift tax exemption to $11.58 million per individual.

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COLLETON COUNTY, S.C.– Two separate rounds of testimony took place Friday in the Alex Murdaugh murder trial. Palmetto State Bank CEO Jan Malinowski testified to Murdaugh's dire financial situation and unusual banking habits, saying he was over $4 million in debt in August of 2021. Tony Satterifeild— the son of Murdaugh's late housekeeper who died at Moselle in...

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For much of disgraced South Carolina attorney Alex Murdaugh’ s double murder trial, witnesses have talked about a generous and loving man— but prosecutors want jurors to know that same man stole over $4 million from his housekeeper’ s relatives after she died at work, and killed his wife and son to cover up his crimes. “Did you ever get one cent from Alex Murdaugh?

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Chris Wilson was one of Alex Murdaugh’ s closest friends, until he says his former law school roommate stole $192,000 from him. Wilson testified in an“ in camera” hearing, meaning the jury was not present to hear Wilson speak as Judge Clifton Newman weighs what testimony the prosecution can present to Murdaugh’ s motive in the alleged murder of his wife and son.

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COLLETON COUNTY, S.C.– Several witnesses testified Thursady without the jury present about Alex Murdaugh's alleged financial crimes as the state seeks to establish a motive in his murder trial. Murdaugh is accused of killing his wife Margaret and youngest son Paul at their family property in June of 2021.. Judge Clifton Newman will have to decide what— if any—...

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Equitable has announced the launch of an enhanced version of its Market Stabilizer Option.

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District Judge Max Cogburn last week granted an unopposed motion by attorneys for Lindberg co-defendant John Gray to postpone a March retrial until November, after conferring with the prosecution. "All parties have conferred and, by this instant Supplemental Motion, are requesting a peremptory setting of the Court's criminal jury term in Charlotte dated...

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The West Virginia House of Delegates advanced a bill Friday to exempt life insurance payouts from being taken during bankruptcy proceedings. It now goes to the Senate. Delegate Steve Westfall, R-Jackson, a State Farm Insurance agent, is the lead sponsor of the bill.

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NAIFA’s Future Leaders program consists of four 45-minute online sessions featuring highly successful insurance and financial professionals.

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Balzofiore joined Standard Security Life in 1980 as a member of the internal audit team.

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A state agent insisted Tuesday he heard a possible confession from Alex Murdaugh even after defense attorneys for the disgraced South Carolina lawyer slowed the audio down during Murdaugh's double murder trial. State Law Enforcement Division Senior Special Agent Jeff Croft testified he was“ 100% confident” Murdaugh said“ I. " That could be interpreted as a...

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Loss affects all aspects of grieving families’ lives, including their health and well-being: 93% of people who have experienced loss report suffering from at least one physical or mental symptom.

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The companies of National Life Group are expanding their suite of living benefits, adding Alzheimer’s Disease and a new fertility journey rider beginning Jan. 28.

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Defense attorneys in South Carolina attorney Alex Murdaugh's double murder trial continued Monday to question the way state agents collected and analyzed evidence in the shooting deaths of Murdaugh's wife and son. Murdaugh, 54, is standing trial on two counts of murder in the shootings of his wife and son at their Colleton County home and hunting lodge on...

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American International Group today announced that it terminated Mark Lyons from his position as AIG’s interim chief financial officer and...

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Defense attorneys in South Carolina attorney Alex Murdaugh's double murder trial continued Monday to question the way state agents collected and analyzed evidence in the shooting deaths of Murdaugh's wife and son. Murdaugh, 54, is standing trial on two counts of murder in the shootings of his wife and son at their Colleton County home and hunting lodge on...

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Life insurance can provide the peace of mind that comes from knowing your family will be taken care of when you’ re no longer there to support them.Despite the misconception that the best life insurance is inaccessible to most of us, policies can actually be quite affordable. For example, a healthy 35- year-old female could potentially qualify for a 20- year term...

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Alex Murdaugh's comments to police about his whereabouts around the time his wife and son were fatally shot may not have been accurate, according to video evidence presented by prosecutors Friday at the South Carolina attorney's murder trial. Murdaugh, 54, is standing trial on two counts of murder in the shootings of his wife and son at their Colleton County...

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After 19 months of speculation, prosecutors finally laid out their evidence Wednesday that Alex Murdaugh killed his wife and son as they opened the double murder trial for the disgraced South Carolina attorney. Waters opened the trial with three minutes of graphic description of the scene where the bodies of Maggie Murdaugh, 52, and her son, Paul, 22, were found...

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The first officer to arrive after Alex Murdaugh called 911 to report his wife and son were seriously hurt noted at the attorney's double murder trial Thursday that the suspect was upset but that he had no tears in his eyes. Daniel Greene's body camera footage from the crime scene at Murdaugh's South Carolina hunting lodge on June 7, 2021. The footage shows Greene...

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The transaction includes a broad strategic partnership agreement aimed at aligning the interests of the two organizations, including an arrangement whereby Securian Financial will distribute its individual life and annuity products through Cetera’s affiliated financial professionals.

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—Alex Murdaugh claims Curtis "Cousin Eddie" Smith is responsible for the death of his wife and son. I firmly believe that was what was gonna happen, " Aimee Zmroczek said Monday during an appearance on" Banfield. " But Murdaugh's attorneys now say that the man, who is known as "Cousin Eddie" to many, failed a lie detector test when asked if he killed Maggie and Paul Murdaugh.

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After 19 months of speculation, prosecutors finally laid out their evidence Wednesday that Alex Murdaugh killed his wife and son as they opened the double murder trial for the disgraced South Carolina attorney. Waters opened the trial with three minutes of graphic description of the scene where the bodies of Maggie Murdaugh, 52, and her son, Paul, 22, were found...

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WALTERBORO, S.C.— As prosecutors and defense lawyers prepare to choose a jury for South Carolina attorney Alex Murdaugh's murder trial, a judge decided to wait until the issues come up at trial to decide whether jurors hear evidence about blood spatter or other crimes Murdaugh is charged with. Prosecutors want to present voluminous evidence of Murdaugh's bad...

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Lincoln Financial Group continues to advance the life insurance business model while improving the customer experience with the introduction of Lincoln WealthAccelerate SM, an indexed universal life product offering a fully digital and automated experience to consumers. “Today’ s life insurance customer is changing– they’ re digitally savvy, expect...

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U.S. insurers are expected to increase their risk tolerance and grow portfolio allocations to private assets amid their concerns about higher market volatility and inflation, according to a new survey of U.S. life and property & casualty (P&C) insurers, sponsored by leading global insurance asset management firm Conning.

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—South Carolina's Lowcountry, known for its coastal waterways and salt marshes, and part of the Deep South a century ago, is now a bustling spot for tourists attracted to the historic cities of Charleston and Savannah. It's a small community, where everyone knows everyone— which means everyone knows Alex Murdaugh. Jury selection begins as Alex Murdaugh stands...

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Frustration is mounting among producers who say insurers are slow to process their life insurance and annuity applications.

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