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Racer Danica Patrick first obtained life insurance in her early 20s. Your "financial fitness" is an important part of your overall health, she said, and life insurance is key. Patrick is back as the celebrity spokesperson for Life Insurance Awareness Month.

The post Life Insurance Is Key To ‘Financial Fitness,’ Danica Patrick Says appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: September 20, 2017, 1:59 pm

September 15, 2017 – The Life Insurance Council of New York (LICONY) today praised Governor Cuomo for signing three important...

The post New York Governor Signs Life Insurance Legislation Into Law appeared first on InsuranceNewsNet.

Author: user
Posted: September 15, 2017, 3:14 pm

More Americans than ever obtain life insurance coverage through a group contract, but fewer employers than ever are offering the benefit. That opens up opportunity for agents and brokers to fill the void.

The post Employers Pull Back on Popular Life Insurance Benefits, Surveys Find appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: September 15, 2017, 2:30 pm

Braintree, MA.  — U.S. individually underwritten life insurance activity moderated in August but still showed weakness with the MIB Life...

The post Life Insurance Activity Declines 1.5% In August appeared first on InsuranceNewsNet.

Author: user
Posted: September 14, 2017, 2:51 pm

The arrest was announced by Brian C.T. Jones, district attorney for the 39th Judicial Circuit, Limestone County; James Ridling, commissioner of the Alabama Department of Insurance; and Joseph Borg, director of the Alabama Securities Commission. State investigator Jimmy Collier said that, with Powell's office in Red Bay, investigators are asking anyone who...

The post Alabama Agent Arrested For Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: September 14, 2017, 7:04 am

The Society of Actuaries (SOA) announced the results of its member voting, with James M. Glickman, FSA, MAAA, CLU, serving...

The post James Glickman Named Society Of Actuaries President-Elect appeared first on InsuranceNewsNet.

Author: user
Posted: September 13, 2017, 6:50 pm

Indianapolis — Group One Thousand One was launched as a newly rebranded insurance group in the United States. The group...

The post Group One Thousand One Launches appeared first on InsuranceNewsNet.

Author: user
Posted: September 13, 2017, 5:26 pm

NY Life is the latest insurer to offer a product linking long-term care benefits to a life insurance policy. Agents and consumers can expect even more variety in the benefit options in the future, analysts say.

The post Latest NY Life Product a Nod to Growing Combo Life-LTCi Market appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: September 13, 2017, 3:17 pm

Life insurance policies have a hidden value that the vast majority of owners are unaware is readily accessible.

The post Life Policyowners May Not Be Aware Of The Asset They Own appeared first on InsuranceNewsNet.

Author: user
Posted: September 12, 2017, 5:51 pm

The National Association of Insurance and Financial Advisors is trying to consolidate functions and set a single dues fee for members, moves that are commiserate with its slimmer membership rolls. Will delegates approve the controversial changes?

The post NAIFA Pushes Controversial Bylaws Change appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: September 8, 2017, 8:10 pm

Des Moines, Iowa. September 1, 2017- One hundred and two life insurance companies participated in the 80th edition of Wink’s...

The post Indexed Life Sales On Track For Record-Setting Year appeared first on InsuranceNewsNet.

Author: user
Posted: September 1, 2017, 8:32 pm

Aug. 31-- A Limestone County grand jury has formally charged a Muscle Shoals man with insurance fraud and exploitation of an elderly person for selling insurance under false pretenses, records show. Powell had served as chief operating officer of Tom Jones Insurance and Financial Services Group in Muscle Shoals. Mark Fowler, chief of staff for the Alabama...

The post Alabama Advisor Charged With Insurance Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: September 1, 2017, 5:24 am

WINDSOR, Conn., August 30, 2017 – A new LIMRA study finds that 108 million Americans have life insurance coverage through their workplace,...

The post Workplace Life Insurance Moves Ahead Of Individual Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: August 30, 2017, 5:43 pm

The Texas Rangers have announced the sale of the naming rights for their new stadium that's under construction to Globe Life Insurance, which owns the naming rights to the team's current stadium. A decade later, Ameriquest, one of the United States' largest subprime mortgage lenders, bought the park's naming rights and installed an oversize electronic bell in...

The post Texas Rangers’ New Stadium Named For Globe Life appeared first on InsuranceNewsNet.

Author: user
Posted: August 25, 2017, 11:40 am

Term life insurance accounts for the largest share of voluntary inforce premium by product, according to Eastbridge Consulting Group’ s annual U.S. State ESI and EPI Data report. Life insurance has a significantly higher share of inforce premium than of sales, though it claims the largest share for both.“ Life insurance enjoys the benefit of higher persistency...

The post Term Life Accounts For The Largest Share Of Voluntary Inforce Premium appeared first on InsuranceNewsNet.

Author: user
Posted: August 24, 2017, 3:00 pm

Travis Wayne Wingrove, 29, of Dunbar, allegedly took $26,247 from clients between April 2013 and April 2015 while he worked at Rosemary Skaggs' State Farm Insurance Agency in East Huntingdon, according to a news release. Jeffrey Lee Ingram, 53, of McCandless,, Allegheny County, allegedly submitted 252 fake Medicare claims and pocketed $88,636 between March and...

The post 2 Pennsylvania Insurance Agents Arrested For Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: August 24, 2017, 12:14 am

NEW YORK, August 22, 2017 — New York Life, America’s largest mutual life insurer, today introduced New York Life Asset...

The post New York Life Introduces Asset Flex appeared first on InsuranceNewsNet.

Author: user
Posted: August 23, 2017, 5:33 pm

Aug. 22-- COLUMBIA, S.C.-- Twenty-five more Irish Travelers from the North Augusta area have entered into guilty plea agreements on various federal charges of conspiracy and financial fraud, according to court records. The alleged illegal financial schemes described in court records at the U.S. District Court in Columbia involve millions of dollars worth of car...

The post 25 Irish Travelers To Plead Guilty To Federal Fraud Charges appeared first on InsuranceNewsNet.

Author: user
Posted: August 23, 2017, 12:08 am

Pacific Life Insurance Company announced the close of a $35 million Pacific Secured Buy-In® transaction. As of the transaction date,...

The post Pacific Life Completes $35M Pension Buy-In appeared first on InsuranceNewsNet.

Author: user
Posted: August 22, 2017, 5:24 pm

Brokerage, career agent and personal producing general agent (PPGA) channels remain the top channels through which UL products are sold, but the numbers are constantly changing, a new report finds.

The post Channels, Agents Mix It Up In The UL Sales Wars appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 22, 2017, 9:59 am

COLUMBUS, Ga. – Aug. 21, 2017 – Aflac, the leader in voluntary insurance sales at the worksite in the United...

The post Aflac Expands Life Insurance Portfolio appeared first on InsuranceNewsNet.

Author: user
Posted: August 21, 2017, 5:45 pm

Aging insurance agents and the rapid growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition infrastructures, a new report found.

The post D2C Lead Gen Pose Digital Challenges for Insurers appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 21, 2017, 2:08 pm

A sluggish workforce combined with growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition methods.

The post New Lead Gen Explores Texting, AI and Networking appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 21, 2017, 1:12 pm

Brighthouse Financial, the newest major life and annuity distributor in the U.S., moved quickly to expand its product line in time for its spinoff from MetLife earlier this month.

The post Brighthouse Flicks On The Switch appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 16, 2017, 6:16 pm

The company has made a commitment to invest more than $100 M of venture capital in customer-centric solutions that help members:. In addition to these efforts, Nationwide launched Nationwide Ventures in early 2016 to invest in startup companies that are transforming the insurance and financial services industry. Nationwide Ventures has made six...

The post Nationwide Commits More Than $100M To Next-Generation Initiatives appeared first on InsuranceNewsNet.

Author: user
Posted: August 16, 2017, 6:00 pm

NEW YORK, August 15, 2017 – New York Life has dominated the Million Dollar Round Table (MDRT) in the United...

The post New York Life Leads MDRT For The 63rd Year appeared first on InsuranceNewsNet.

Author: user
Posted: August 15, 2017, 6:12 pm

Judge rules that independent agents working for American Family Insurance Group are company employees under the Employee Retirement Income Security Act (ERISA). Ruling could open the door for similar lawsuits.

The post Court Rules Independent Agents are Employees of Insurer appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 15, 2017, 5:44 pm

Jackson National is latest life insurance company to report strong second-quarter earnings. The company sold $17 billion worth of variable annuities last year even as the variable annuity market continued to shrink.

The post Jackson National Pivots to Profit appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 11, 2017, 5:53 pm

The two-week quarterly earnings reporting period for the nation’s major life and retirement insurers finds most of them exceeded expectations....

The post Hits (Mostly) and Misses in 2Q Earnings appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 10, 2017, 1:43 pm

The insurance company has agreed to pay $5.5 million and take other steps to protect customers' identity as part of a settlement with New Jersey and 31 other states, officials said Wednesday. The move resolves allegations that the company left out a critical security patch that could have prevented a security breach in October 2012 that resulted in the loss of...

The post Nationwide Will Pay $5.5M Over Security Breach appeared first on InsuranceNewsNet.

Author: user
Posted: August 10, 2017, 10:16 am

_ Manulife Financial Corp. on Wednesday reported second-quarter profit of $933.2 million. The Toronto- based company said it had profit of 45 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The post Manulife Beats 2Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 9, 2017, 9:58 pm

CHICAGO, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Midland National® Life Insurance Company announced on August 1, 2017 the release of...

The post Midland National Releases XL Heritage IUL appeared first on InsuranceNewsNet.

Author: user
Posted: August 9, 2017, 3:01 pm

Braintree, MA. (August 8, 2017) —U.S. individually underwritten life insurance activity continued to lose ground in July with the MIB...

The post U.S. Life Insurance Activity Declines 2.6% In July appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2017, 7:24 pm

LIMRA issued the following news release:. "Our role as a trade association is to provide a forum for industry discussion and collaboration on emerging trends," said Robert Kerzner, president and CEO, LIMRA, LOMA, LL Global. We are encouraged that many of our members have joined LIMRA's Blockchain Advisory Council to help us find scalable solutions using this...

The post LIMRA Establishes Life Insurance Blockchain Advisory Council appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2017, 11:54 am

MetLife, Inc. today announced it has completed the spin-off of Brighthouse Financial, Inc., creating two independent, publicly-traded companies. Under the terms of the separation, on the Aug. 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of...

The post Metlife Completes Spin-Off Of Brighthouse Financial appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2017, 11:44 am

The MassMutual fellow will explore research at the intersection of human health and well-being, data science, and complex systems. Through a named research fund, MassMutual will support exploratory questions related to wellness, human behavior and networks with a team of interdisciplinary faculty in UVM's Vermont Complex Systems Center.

The post MassMutual To Partner With University In Groundbreaking Data Science Initiative appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2017, 7:53 am

Allianz SE posted a strong second quarter due to spiking sales of capital-efficient products such as variable annuities without income guarantees, hybrid variable annuities and fixed indexed annuities, company executives said.

The post Allianz Net Income Soars 83 Percent appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 7, 2017, 7:45 pm

_ Prudential Financial Inc. on Wednesday reported second-quarter profit of $491 million. On a per-share basis, the Newark, New Jersey- based company said it had profit of $1.12. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

The post Prudential Misses 2Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 10:58 pm

_ Fidelity& Guaranty Life on Wednesday reported fiscal third-quarter earnings of $32 million. On a per-share basis, the Des Moines, Iowa- based company said it had net income of 54 cents. Keywords: Fidelity& Guaranty Life, Earnings Report.

The post Fidelity & Guaranty Posts 3Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 10:47 pm

_ American Equity Investment Life Holding Co. on Wednesday reported second-quarter profit of $26.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Three analysts surveyed by Zacks expected $484.8 million.

The post American Equity Beats Street 2Q Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 10:21 pm

_ MetLife Inc. on Wednesday reported second-quarter profit of $884 million. On a per-share basis, the New York- based company said it had net income of 77 cents. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The post MetLife Beats 2Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 10:02 pm

_ Lincoln National Corp. on Wednesday reported second-quarter net income of $411 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. Lincoln National shares have climbed 11 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 11 percent.

The post Lincoln National Beats 2Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 9:40 pm

RICHMOND- Genworth Financial Inc. said Tuesday that it has extended the deadline for its planned acquisition by a China- based company by three months to Nov. 30, as the proposed deal remains under regulatory review by the U.S. government. Henrico County- based Genworth, an insurance company with thousands of employees in Virginia, announced in October that it had...

The post Genworth Extends Merger Deadline appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 4:30 pm

--The Allstate Corporation today reported financial results for the second quarter of 2017.. "Allstate delivered strong financial performance in the second quarter as a result of excellent progress on our five 2017 Operating Priorities," said Tom Wilson, chairman and chief executive officer of The Allstate Corporation. "Net income applicable to common...

The post Allstate Delivers Strong 2Q Operating Performance appeared first on InsuranceNewsNet.

Author: user
Posted: August 2, 2017, 1:21 am

_ Genworth Financial Inc. on Tuesday reported second-quarter profit of $202 million. On a per-share basis, the Richmond, Virginia- based company said it had net income of 40 cents. Keywords: Genworth Financial, Earnings Report.

The post Genworth Financial Posts 2Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: August 1, 2017, 10:32 pm

_ Voya Financial Inc. on Tuesday reported second-quarter earnings of $167.2 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Twelve analysts surveyed by Zacks expected $318.8 million.

The post Voya Misses Street 2Q Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: August 1, 2017, 9:41 pm

_ American National Insurance Co. on Monday reported second-quarter earnings of $36 million. American National Insurance shares have fallen 4.5 percent since the beginning of the year. Keywords: American National Insurance, Earnings Report.

The post American National Insurance Posts 2Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: July 31, 2017, 8:54 pm

_ Principal Financial Group Inc. on Thursday reported second-quarter net income of $309.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Principal Financial shares have increased 15 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 11...

The post Principal Financial Beats 2Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: July 27, 2017, 9:31 pm

In fact, the healthier their lifestyle, the greater their rewards, including $600 in annual savings on healthy food purchases 1 as well as the opportunity to earn an Apple Watch ® Series 2 2 by exercising regularly. John Hancock is also giving every new policyholder a complimentary Fitbit ® device to help them get started. "At John Hancock, we're focused on...

The post John Hancock Introduces Variable Universal Life Insurance With Vitality appeared first on InsuranceNewsNet.

Author: user
Posted: July 25, 2017, 2:00 pm

Braintree, MA. (July 19, 2017) —U.S. individually underwritten life insurance activity declined -2.6% in June year-over-year, closing out a second...

The post Life Insurance Activity Off In 2Q appeared first on InsuranceNewsNet.

Author: user
Posted: July 24, 2017, 2:43 pm