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Hybrid life/long-term care insurance policies solve two problems: the life insurance gap among American households and the continued high cost of standalone LTCi.

The post Hybrid Life/LTCi: Breaking Down Barriers And Bridging Gaps appeared first on InsuranceNewsNet.

Author: user
Posted: December 14, 2018, 2:54 pm

RIVERWOODS, Ill., Dec. 11, 2018 (GLOBE NEWSWIRE) -- Federal Life Mutual Holding Company (“FLMHC”) has completed its conversion from a...

The post Federal Life Completes Conversion To Stock Company appeared first on InsuranceNewsNet.

Author: user
Posted: December 12, 2018, 2:10 pm

AM Best has commented that the Financial Strength Rating of A- and the Long-Term ICRs of“ a-” of National Teachers Associates Life Insurance Company and its subsidiary, NTA Life Insurance Company of New York, are unchanged following the announcement of the sale of the companies to Horace Mann Educators Corporation. The transaction, announced Dec. 10, 2018, is...

The post AM Best Likes Horace Mann’s Acquisition Of National Teachers Associates Life appeared first on InsuranceNewsNet.

Author: user
Posted: December 11, 2018, 5:33 pm

Sixty-nine percent of Millennial business owners work with an insurance agent, followed by Boomers at 66 percent and Gen X at 59 percent. The most common reason for working with an insurance agent among all generations is the trust that business owners place on the guidance and expertise from an agent.

The post Millennial Business Owners More Likely To Work With Agents appeared first on InsuranceNewsNet.

Author: user
Posted: December 11, 2018, 9:13 am

Dec. 11-- Horace Mann Educators Corp. announced Monday it has signed a deal to acquire a Dallas- based insurance company for $405 million. The company will acquire National Teachers Associates Life Insurance Company, a family-owned firm that specializes in supplemental insurance products for teachers. NTA has about 220 agents nationwide and had about $130...

The post Horace Mann Acquiring Dallas Insurer In $405M Deal appeared first on InsuranceNewsNet.

Author: user
Posted: December 11, 2018, 7:46 am

“Most Americans admit to experiencing financial stress during the course of a year, so it’ s not surprising that it can take a toll on a person’ s health and well-being,” said Bill Smith, president of Cigna Group Insurance.“ My Secure Advantage provides the tools, resources and advice to meet the needs of individuals wherever they are in their personal financial...

The post Cigna Expands Financial Wellness Services appeared first on InsuranceNewsNet.

Author: user
Posted: December 10, 2018, 1:00 pm

Insure.com' s annual salary calculation based on recent Bureau of Labor Statistics wage data shows Santa would earn a salary of $152,367. Santa's salary puts the Clauses in the upper class, comfortably passing the income bracket which defines the middle class as incomes between $40,500 and $122,000. "At this point in his career, Santa has high-value assets like...

The post Santa’s ‘Salary’ Puts Him Into The Upper Income Bracket appeared first on InsuranceNewsNet.

Author: user
Posted: December 8, 2018, 9:20 am

AM Best cited increased profitability, improved regulatory and tax environments and a strengthening U.S. economy in adjusting its 2019 life insurance/annuities outlook from negative to stable. Also, an overall reduced balance sheet risk due to a proactive approach taken by companies in recent years is seen as a positive trend.

The post Best’s Report: U.S. Life/Annuity Outlook Revised To Stable appeared first on InsuranceNewsNet.

Author: user
Posted: December 7, 2018, 2:28 pm

Sheriff's deputies have obtained an arrest warrant for a fourth suspect wanted in connection with an alleged murder-for-hire plot that left Austin jeweler Ted Shaughnessy dead in his home in southwest Travis County in March. Police say the suspects, which include family members, sought life insurance proceeds.

The post Fourth Suspect Charged In Alleged Texas Murder-For-Insurance Plot appeared first on InsuranceNewsNet.

Author: user
Posted: December 7, 2018, 12:18 pm

LIMRA and Wink were both correct with last week’s “universal life is up” and “universal life is down” reports, respectively. The key is how the data is viewed. Overall, new premium rose quarter-over-quarter from 2017.

The post The Good And Bad In Life Insurance 3Q Numbers appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: December 5, 2018, 4:05 pm

She was charged in August with one felony count of identity theft and three felony counts of obtaining property by false pretenses, according to records filed with the City County Bureau of Identification. The investigators later reviewed the phone messages between Reed and Humple in search warrant applications made public Thursday at the Wake County...

The post Woman Conspired To Kill Her Mother For Life Insurance, Police Say appeared first on InsuranceNewsNet.

Author: user
Posted: November 30, 2018, 4:33 pm

Non-variable universal life sales - including both indexed UL and fixed UL - were more than $852.4 million in the third quarter. This was down 11 percent when compared to the previous quarter and down more than 15.6 percent as compared to the same period last year, according to Wink Inc.

The post Non-Variable Life Sales Slide In 3Q, Wink Reports appeared first on InsuranceNewsNet.

Author: user
Posted: November 30, 2018, 1:57 pm

Market conditions continue to be favorable for IUL products, which are up 12 percent so far in 2018. IUL premium has increased for the past eight consecutive quarters, LIMRA reports. Overall, life insurance new premium was up 3 percent in the third quarter.

The post IUL New Premium Up 10 Percent In 3Q, LIMRA Reports appeared first on InsuranceNewsNet.

Author: user
Posted: November 29, 2018, 3:58 pm

The RAND study of over 400,000 people concluded that those who wore an Apple Watch and participated in the Vitality Active Rewards benefit program averaged a 34 percent sustained increase in physical activity. The John Hancock Vitality program offers life insurance customers the chance to earn rewards by hitting exercise, nutrition and other targets.

The post John Hancock Touts Early Returns On Apple Watch Monitoring Plan appeared first on InsuranceNewsNet.

Author: user
Posted: November 29, 2018, 1:00 pm

Prosecutors say Leslie Chance, 51, killed Todd Chance, 45, to collect on life insurance policies. Investigators believe Leslie Chance learned about criminal investigative techniques and tried to cover her tracks through information she gained after attending a "CSI" exhibit in Las Vegas, according to court documents.

The post Former School Principal Accused Of Killing Spouse For Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: November 28, 2018, 1:03 pm

Using a 1035 exchange to convert existing single-purpose life insurance into dual purpose life plus long-term care insurance coverage could be a wise planning move cites the director of the American Association for Long-Term Care Insurance.

The post Little Used Tax Provision Provides Significant Long-Term Care Insurance Benefits appeared first on InsuranceNewsNet.

Author: user
Posted: November 28, 2018, 8:00 am

Having a medical marijuana card could make buying car, life and health insurance more expensive, although research shows it could actually lower societal health care costs. When Colorado legalized recreational marijuana in 2014, the state saw a spike in drug screening failures by truckers, with as many as 60 percent flunking tests.

The post Marijuana Laws Impact Jobs, Insurance Policies appeared first on InsuranceNewsNet.

Author: user
Posted: November 27, 2018, 2:55 pm

Christian Mitchell has been appointed to executive vice president and chief customer officer, assuming responsibility for Northwestern Mutual's client and planning experience. Roberts is responsible for the teams that work with the Northwestern Mutual offices nationwide to drive sales and the development of new financial advisors.

The post Northwestern Mutual Announces New Executive Leadership Appointments appeared first on InsuranceNewsNet.

Author: user
Posted: November 26, 2018, 3:00 pm

The Mississippi Department of Insurance issued the following news release:. The Life Insurance Policy Locator-- launched by the Mississippi Insurance Department through the National Association of Insurance Commissioners-- has matched consumers with policies totaling $1,452,178 million in the past 12 months. In Mississippi, 232 beneficiaries have been...

The post Mississippians Connected With $1.4 Million From Lost Life Insurance Policies appeared first on InsuranceNewsNet.

Author: user
Posted: November 26, 2018, 7:44 am

HORSHAM, Pa. – The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce its Board of Trustees has...

The post Penn Mutual Pays Out $87M In Dividends appeared first on InsuranceNewsNet.

Author: user
Posted: November 21, 2018, 3:00 pm

More than two years after the deal was announced, the proposed acquisition of insurance giant Genworth Financial by a China- based financial conglomerate finally may be nearing completion. As the proposed merger nears a key public hearing, however, a report by one investor has raised questions about the viability of the deal.

The post Report Questions Viability Of $2.7 Billion Genworth Deal appeared first on InsuranceNewsNet.

Author: user
Posted: November 19, 2018, 1:00 pm

Americans on average expect to retire two years sooner than they did five years ago and many more say they intend to retire before age 60, potentially reflecting a spike in 401 balances, according to research from Massachusetts Mutual Life Insurance Co.

The post Four In 10 Americans Plan To Retire Before Age 60, Study Finds appeared first on InsuranceNewsNet.

Author: user
Posted: November 16, 2018, 11:00 am

Indexes have increased in choice but with more choice comes greater complexity. Comparisons between indexes too often are made without a firm understanding of the structure behind the index. This causes both financial professionals and their clients frustration with something that should be viewed as a positive.

The post ‘These Go To 11:’ Indexing Beyond Rates And Renewals appeared first on InsuranceNewsNet.

Author: user
Posted: November 14, 2018, 6:48 pm

Millennials with life insurance have a self-reported life insurance gap of $352,000 in 2018, with enough life insurance protection in place to cover only 22 percent of their self-reported coverage needs. The Millennial generation’ s gap is sharply higher -- 60 percent greater -- than the gap for the general population, which is 49 percent.

The post Millennials Most ‘At-Risk’ When It Comes To Life Insurance, Study Finds appeared first on InsuranceNewsNet.

Author: user
Posted: November 13, 2018, 5:00 pm

NEW YORK, November 13, 2018 — The Millennial generation is now the least prepared for unexpected life events due to...

The post Millennials Most “At Risk” Generation appeared first on InsuranceNewsNet.

Author: user
Posted: November 13, 2018, 3:53 pm

A National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out.

The post NAIC Working Group Settles On Policy Summary Concept appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: November 12, 2018, 7:39 pm

Nov. 10-- A Williamsville man admitted in federal court on Friday he stole from the International Union of Painters and Allied Trades and an insurance company after the death of his brother, the U.S. Attorney's Office said. Timothy McCluskey was eventually issued $2,500 in life insurance proceeds, according to prosecutors. The U.S. Department of Labor Office of...

The post Man Admits Using Dead Brother To Defraud Life Insurance Company appeared first on InsuranceNewsNet.

Author: user
Posted: November 11, 2018, 12:04 am

From volunteering for pro-public education candidates to running for office in record numbers, California educators proved once again that when it comes to their students, they are willing to do what it takes to make sure they get the public education they deserve. California's millions of public school students were big winners last night as voters joined...

The post California Updates Election Vote; Lara Set To Win Insurance Commissioner Race appeared first on InsuranceNewsNet.

Author: user
Posted: November 8, 2018, 11:03 am

-Sun Life Financial Inc. today announced its results for the third quarter ended September 30, 2018. "In the third quarter, underlying net income was strong at $730 million, and return on equity was 14%, at the high end of our target range," said Dean Connor, President and CEO, Sun Life Financial. Underlying net income in the third quarter of 2018 increased $87 million to...

The post Sun Life Financial Reports Third Quarter 2018 Results appeared first on InsuranceNewsNet.

Author: user
Posted: November 7, 2018, 10:19 pm

--Massachusetts Mutual Life Insurance Company announced today that its Board of Directors has approved a record $1.72 billion estimated dividend payout in 2019 to eligible participating policyowners and members, once again demonstrating outstanding policyowner value and underscoring its strong financial position. Further, over the past decade,...

The post MassMutual Approves Record $1.72 Billion Estimated 2019 Dividend Payout appeared first on InsuranceNewsNet.

Author: user
Posted: November 6, 2018, 5:52 pm

_ Brighthouse Financial Inc. on Monday reported a loss of $271 million in its third quarter. The Charlotte, North Carolina- based company said it had a loss of $2.26 per share. Brighthouse Financial shares have dropped 27 percent since the beginning of the year.

The post Brighthouse Financial: 3Q Earnings Snapshot appeared first on InsuranceNewsNet.

Author: user
Posted: November 6, 2018, 2:25 am

Northwestern Mutual has paid a dividend every year since 1872– even in challenging economic conditions. Northwestern Mutual leads the industry in total dividends paid to policyowners for both life and disability income insurance. "This record dividend clearly demonstrates our consistent performance, our overriding commitment to do what's best for our...

The post Northwestern Mutual To Pay Policyowners $5.6 Billion In Dividends appeared first on InsuranceNewsNet.

Author: user
Posted: November 5, 2018, 9:15 pm

Life insurance provides a financial safety net for families. "If there's no one else depending on your income, you probably don't need much or any at all," said Alyssa Lum, certified financial planner and founder of Luminate Financial Planning in Sterling, Virginia. Stay-at-home parents don't need as much, but should have some coverage, said Greg Klingler, a...

The post Life Insurance Provides A Financial Safety Net For Families appeared first on InsuranceNewsNet.

Author: user
Posted: November 4, 2018, 9:44 pm

The American Council of Life Insurers issued the following statement by President and CEO Susan Neely on the Family Savings Act, which was approved by the House Ways and Means Committee:. "The Family Savings Act of 2018 approved today by the House Ways and Means Committee falls short of what is needed to help address challenges facing America's retirement...

The post House Bill Falls Short of Retirement Security Reforms, ACLI Says appeared first on InsuranceNewsNet.

Author: user
Posted: November 4, 2018, 5:31 am

--In support of its holistic retirement offerings, John Hancock announced today that Gary Tankersley has been promoted to head of Sales and Distribution for John Hancock Retirement Plan Services. In this role, Mr. Tankersley is accountable for growing JHRPS business in all segments of the market, encompassing start-ups to large organizations and the...

The post John Hancock Announces Leadership Transitions At Retirement Plan Services appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2018, 1:00 pm

MetLife, a provider of insurance, annuities and employee benefit programs, issued the following news release:. MetLife, Inc. today announced that its board of directors has approved a new $2 billion authorization for the company to repurchase its common stock. In May 2018, MetLife announced a $1.5 billion repurchase authorization and the company has bought...

The post Metlife Announces New $2 Billion Share Repurchase Authorization appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2018, 12:36 pm

Voya Financial is halting alll new life insurance sales on Dec. 31, company officials said this week. The company will retain its in-force block. Voya previously sold its closed block of variable annuities and said in February that it would review its life business.

The post Voya Financial Exiting The Life Insurance Business appeared first on InsuranceNewsNet.

Author: Wire Reports
Posted: November 1, 2018, 11:05 am

The American Council of Life Insurers issued the following news release:. These and other industry highlights are included in the American Council of Life Insurers 2018 Life Insurers Fact Book released today. "The new data tells a familiar but important story- life insurers provide invaluable assistance to American families and the U.S. economy," said ACLI...

The post Life Insurers Set Records For Payouts, Coverage, Investments In 2017 appeared first on InsuranceNewsNet.

Author: user
Posted: October 30, 2018, 7:17 pm

Universal life was a very popular product in the 1980s, when interest rates routinely hit double digits. When interest rates nosedived, however, it began a negative spiral that took UL policyholders down a financial rabbit hole. While some surrendered their policies and took the loss, others keep paying much-higher premiums. What can be done?

The post Industry Pressured To Find UL Policy Fix appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: October 26, 2018, 3:33 pm

Gloria Camp, owner of Main Source& Associates, describes how she got into the insurance industry as a "divine appointment" about 15 years ago. Camp has now been a business owner for over 35 years and has been the owner of Main Source& Associates for 15 years. Main Source& Associates is located at 1170 Washington St., Clarkesville.

The post ‘Divine Appointment’ Leads Woman To Open Own Insurance Agency appeared first on InsuranceNewsNet.

Author: user
Posted: October 26, 2018, 2:08 am

Police say Stephanie Rogers of Monticello, a former political candidate and wife of former Mayor Joe Rogers, plotted to kill his ex-wife and then Rogers himself so she could collect on a life insurance policy and inherit his business. No hits were carried out and Stephanie Rogers was jailed on $500,000 bond.

The post Wife Of Ex-Mayor Charged In Murder Plot For Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: October 25, 2018, 11:31 am

--The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 22, 2018. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. SOURCE Kansas City Life Insurance Company.

The post Kansas City Life Declares Quarterly Dividend appeared first on InsuranceNewsNet.

Author: user
Posted: October 22, 2018, 9:22 pm

The United Services Automobile Association issued the following news release:. To learn more about USAA life insurance, visit usaa.com/life. This is the second rate reduction for term products by USAA in the last two years.

The post USAA Introduces Lower Rates For Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: October 22, 2018, 11:53 am

Did you ever dream of hitting a huge lottery jackpot? The odds might be astronomical, but someone will win what is the second-largest prize in history. In the hectic days that follow, one must is to assemble an accountant/financial planning team, analysts say.

The post You Won The Mega Millions! Next Step: See A Financial Planner appeared first on InsuranceNewsNet.

Author: user
Posted: October 17, 2018, 2:21 pm

Imagine you have just lost a loved one. As affairs are sorted out over the subsequent days, you unfortunately come to discover that the beneficiary listed on that loved one's life insurance policy is inaccurate, having not been updated in decades. This situation is actually much more common than you might imagine.

The post Tip: Nudge Clients To Update Beneficiaries appeared first on InsuranceNewsNet.

Author: user
Posted: October 17, 2018, 8:38 am

National Association of Insurance Commissioners members are debating how to best create an online resource of life insurance information for consumers. The effort is meant to supplement the NAIC Life Insurance Buyer’s Guide. More consumers are getting information online, so that's where regulators want to be.

The post NAIC Sketches Out Online Resource Prototype appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: October 16, 2018, 7:01 pm

Recognizing the need for long-term local assistance for those who have experienced a natural disaster or act of mass violence, New York Life and the Alliance for Strong Families and Communities today announced the selection of 16 non-profit, community-based organizations to receive grants to continue their work in communities affected by disasters in...

The post New York Life/Alliance for Strong Families And Communities Award Grants To 16 Nonprofits appeared first on InsuranceNewsNet.

Author: user
Posted: October 16, 2018, 1:30 pm

--Northwestern Mutual is committed to the fight against childhood cancer, and the company, through its Foundation, today announced the funding of four new grants to support additional research for better cures and treatments. Each Young Investigator grant recipient will receive $150,000 from Northwestern Mutual over three years. Northwestern Mutual is...

The post Northwestern Mutual Funds $600,000 In New Grants For Childhood Cancer Research appeared first on InsuranceNewsNet.

Author: user
Posted: October 15, 2018, 2:08 pm

The American Council of Life Insurers issued the following news release:. The American Council of Life Insurers, whose member companies provide financial and retirement security to 90 million American families, elected its chair, officers and ACLI Board of Directors at the 2018 ACLI Annual Conference today. Ameritas CEO JoAnn Martin will serve as chair for...

The post ACLI Elects 2019 Chair And Board Of Directors appeared first on InsuranceNewsNet.

Author: user
Posted: October 15, 2018, 10:41 am

Lansing, MI - Oct. 12, 2018 – Jackson National Life Insurance Company® today announced that Chief Executive Officer Barry Stowe...

The post Jackson National Names Successor To Retiring CEO appeared first on InsuranceNewsNet.

Author: user
Posted: October 12, 2018, 6:47 pm