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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 Pushing For 2-Page Life Insurance Illustration Summary appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: August 17, 2018, 6:29 pm

Boosting the numbers of advisors and improving the productivity of those already serving the group retirement market is a big priority for AXA Equitable, the company says.

The post AXA Equitable Stresses Growth Of Advisors appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 16, 2018, 9:16 am

There are a huge number of “unscheduled” loans that go mostly unnoticed until they become a threat to the policy or an unwelcome tax problem for the insured. These present a clear opportunity not only to help clients, but also to create new commissionable sales.

The post ‘Unscheduled’ Policy Loans Can Create Sales Opportunities appeared first on InsuranceNewsNet.

Author: user
Posted: August 10, 2018, 8:44 pm

United of Omaha, a Mutual of Omaha company, has introduced a new product to help meet customers' long-term care planning needs. Since 1987, traditional long-term care insurance has been- and continues to be- a core product for Mutual of Omaha.

The post Mutual Of Omaha Introduces Long-Term Care Rider appeared first on InsuranceNewsNet.

Author: user
Posted: August 9, 2018, 6:24 pm

Jackson National Life Insurance Company ® generated a record $1.4 billion in IFRS pre-tax operating income during the first half of 2018, an increase of 0.8 percent over the first half of 2017. Jackson, an indirect wholly owned subsidiary of the United Kingdom’ s Prudential plc, recorded sales and deposits of $11.2 billion in the first half of the year, and...

The post Jackson National Reports First Half 2018 Financial Results appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2018, 3:00 pm

Braintree, MA. (August 8, 2018) — U.S. life insurance application activity grew slightly in June up 0.7% year-over-year, according to...

The post Life Index Inches Forward For A 2nd Month appeared first on InsuranceNewsNet.

Author: user
Posted: August 8, 2018, 1:47 pm

Insurers report ups and downs in second-quarter earnings reports, with Brighthouse Financial reporting a loss. Meanwhile, long-term care policies continue to create plenty of headaches for insurers such as CNO Financial and Prudential.

The post 2Q Roundup: Brighthouse Posts Loss; Insurers Face LTC Pain appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 8, 2018, 1:30 pm

New York and California insurance officials signal a steadfast willingness to fight for life insurance to be included in any NAIC annuity best-interest rule.

The post Showdown Looms Over NY Push To Add Life Insurance To NAIC Rule appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: August 5, 2018, 7:28 pm

Universal life products are hot and insurers are wasting no time tweaking their product offerings to take advantage of a fast-selling segment. First-quarter sales of indexed universal life rose 12 percent to $486 million compared to the year-ago period.

The post Carriers Reshape Indexed UL While Variable UL Sales Heat Up appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 3, 2018, 6:21 pm

MetLife and Genworth had different challenges to overcome in the second quarter. Metlife dumped its remaining stake in Brighthouse Financial for a loss of $212 million, which pushed down earnings.

The post MetLife Sells Remaining Stake In Brighthouse appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: August 2, 2018, 7:53 pm

As Announced On June 9, 2018, The Committee On Foreign Investment In The United States Completed Its Review Of The Proposed Transaction Between Genworth And China Oceanwide Holdings Group Co., Ltd And Concluded That There Are No Unresolved National Security Concerns U.S. Mortgage Insurance Adjusted Operating Income Of $137 Million Which Included A...

The post Genworth Financial Announces 2Q 2018 Results appeared first on InsuranceNewsNet.

Author: user
Posted: July 31, 2018, 9:10 pm

The life insurance industry has shown relatively steady sales over the past decade, but the number of policies and resulting market penetration are in decline, according to a new study by Conning.

The post Life Insurance Industry Facing Market Penetration Challenge appeared first on InsuranceNewsNet.

Author: user
Posted: July 27, 2018, 3:42 am

For a client in need of life insurance coverage, permanent life insurance can help address several crucial concerns by bridging the gap between their retirement savings and their retirement income goals.

The post Unlocking The Benefits Of Cash Value In IUL appeared first on InsuranceNewsNet.

Author: user
Posted: July 26, 2018, 9:59 am

A federal appeals court upheld a ruling that the illustrations of the policy charges and interest rates were not deceptive, but left open the question of whether the challenged practices were unlawful or unfair.

The post Although Largely Deflated, IUL Illustration Statute Lawsuit Rolls On appeared first on InsuranceNewsNet.

Author: user
Posted: July 25, 2018, 7:08 pm

Several big-name insurers recently completed, or broke ground, on new construction projects for splashy new office spaces. While life insurance sales remain flat, the infrastructure investment reflects executive-level confidence that the economy is bright for insurance products overall.

The post Insurers Dive Into Grand Building Expansion Plans appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: July 25, 2018, 5:24 pm

Washington, D.C. – Citing both continued issues of inequality in the insurance industry and the potential to create unprecedented opportunities...

The post Million Women Mentors Announces Women In Insurance Initiative appeared first on InsuranceNewsNet.

Author: user
Posted: July 24, 2018, 3:37 pm

BOSTON – Kanawha Insurance Company has agreed to pay $88,000, most of which will go directly to affected Massachusetts consumers,...

The post Kanawha Insurance To Pay $88K In Massachusetts Settlement appeared first on InsuranceNewsNet.

Author: user
Posted: July 24, 2018, 3:04 pm

Why the life insurance industry must provide senior policyholders with information on exploring alternatives to surrendering or lapsing a policy they no longer need or want. Sixty-seven percent of consumers are interested in more transparent life insurance buying options.

The post Commentary: The Case For Transparency In Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: July 24, 2018, 2:14 pm

HOUSTON - New research announced by American International Group, Inc. (NYSE: AIG) reveals that consumers who do not have life...

The post Research Shows Americans Without Life Insurance Not Taking Action To Reduce Financial Risks appeared first on InsuranceNewsNet.

Author: user
Posted: July 23, 2018, 1:25 pm

New York finalized its best-interest standard for annuity and life insurance sales this week. The rules have industry officials concerned that a 'patchwork' of different rules across different states could make cross-state sales a nightmare of paperwork.

The post New York Delivers ‘Worst Fears’ With Tough Reg For Life Insurance appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: July 19, 2018, 8:28 pm

Commentary By Erica Davis There are several semi-famous authors and media personalities who push their financial advice to the masses,...

The post The Term/Perm Life Insurance Debate Riddled With Fallacies appeared first on InsuranceNewsNet.

Author: user
Posted: July 16, 2018, 6:05 pm

Commentary By John Hutchinson I'm often asked the question, “Who is the ideal candidate for indexed universal life and why?”...

The post How To Determine That Ideal IUL Prospect appeared first on InsuranceNewsNet.

Author: user
Posted: July 13, 2018, 2:51 pm

PARK RIDGE, Ill. — Human trafficking and slavery is a global issue, with an estimated 20 - 40 million people...

The post MDRT Members Confront The Realities Of Human Trafficking appeared first on InsuranceNewsNet.

Author: user
Posted: July 12, 2018, 7:45 pm

Why private placement programs have become a favorite strategy among ultra-wealthy investors.

The post 5 Benefits Of Private Placement Life Insurance And Annuities appeared first on InsuranceNewsNet.

Author: user
Posted: July 12, 2018, 5:18 pm

Final expense life insurance new annualized premium increased 4 percent in 2017, compared with 2016 results, according to a new...

The post Final Expense New Annualized Premium Up 4% in 2017 appeared first on InsuranceNewsNet.

Author: user
Posted: July 12, 2018, 11:37 am

PARK RIDGE, Ill. (June 27, 2018) — More than 15,000 members from 53 countries attended the MDRT Annual Meeting this...

The post MDRT Wraps Up 2018 Meeting, Looks To 2019 appeared first on InsuranceNewsNet.

Author: user
Posted: July 9, 2018, 6:15 pm

While some companies are moving away from annuities, Prudential is redoubling its efforts. That means new products and new campaigns to educate advisors and consumers on what annuities can do for lifetime income, a company executive explained.

The post Prudential Doubles Down On Annuity Strategy appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: July 9, 2018, 12:48 pm

Futurity First Insurance Group – an independent, nationwide insurance distribution organization that specializes in retirement income and insurance protection solutions with $222 million in client assets – has joined Securities America, an independent advisory and brokerage firm.

The post Securities America Adds Futurity First Insurance Group appeared first on InsuranceNewsNet.

Author: INN Admin
Posted: June 28, 2018, 1:46 pm

Total new premium for life combination products (which combine life insurance with long-term care or chronic illness coverage) increased 18 percent to $4.1 billion in 2017, according to LIMRA’s 2017 Individual Life Combination Products Annual Review. This is the third consecutive year of premium growth.

The post Individual Life Combination Premium Grows 18% In 2017 appeared first on InsuranceNewsNet.

Author: user
Posted: June 21, 2018, 3:58 pm

Insurance companies are adding illness and long-term care features into indexed universal life products. The new features are expected to boost an already-booming business.

The post Eying Growth, Insurers Reshape Indexed Life appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: June 18, 2018, 4:57 pm

June 13-- BLOOMINGTON-- After a year of radical change at State Farm, the chairman of the board remains the same with President and CEO Michael Tipsord re-elected to the post this week. Others serving on the board, whose terms were not up for re-election this year, are: Christopher C. DeMuth, distinguished fellow, Hudson Institute; W. Steven Jones, professor of...

The post Tipsord Re-elected Chairman Of State Farm Board appeared first on InsuranceNewsNet.

Author: user
Posted: June 13, 2018, 7:17 pm

The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the proposed takeover of Genworth by a Chinese financial holding group and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction.

The post Genworth, China Oceanwide Deal Moves Closer To Finalization appeared first on InsuranceNewsNet.

Author: Wire Reports
Posted: June 11, 2018, 6:39 pm

Variable universal life used to be a hot product line but their sales dipped around 2000 and had not recovered since. But lately they are showing some signs of life.

The post Variable Universal Life Back In The Game appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: June 11, 2018, 10:04 am

Non-variable universal life sales for the first quarter were over $936.3 million; down 12.7% when compared to the previous quarter...

The post Indexed Life Sales Up By Double Digits appeared first on InsuranceNewsNet.

Author: INN Admin
Posted: June 7, 2018, 6:41 pm

Universal life sales fell 19 percent in the first quarter compared to the first quarter of last year. Not even white-hot indexed UL sales could lift the segment.

The post UL Drags Down 1Q Life Insurance Sales appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: June 4, 2018, 8:03 pm

Kansas City Life will acquire all of the issued and outstanding stock of Grange Life Insurance Company from Grange Mutual. The transaction is subject to review by the Ohio Department of Insurance.

The post Kansas City Life To Acquire Grange Mutual’s Life Division appeared first on InsuranceNewsNet.

Author: user
Posted: June 4, 2018, 1:00 pm

Securian has tweaked its SecureCare linked-benefit life and long-term care contract to give the product more flexibility in a growing...

The post Flexibility Key to Securian Linked-Benefit Product Tweaks appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 31, 2018, 9:00 pm

KANSAS CITY -- Things started hot at the National Association of Insurance Commissioners' working group meeting today as members immediately...

The post NAIC ‘Not Supposed To Be A Dictatorship,’ NY Commissioner Says appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: May 31, 2018, 6:11 pm

TOKYO and SPRINGFIELD, Mass., May 31, 2018/ PRNewswire/-- MassMutual International LLC– Massachusetts Mutual Life Insurance Company's international insurance holding company– and Nippon Life Insurance Co., Japan's leading life insurer, today announced the completion of the sale of 85.1 percent of MassMutual Japan, MassMutual International's wholly owned...

The post MassMutual International Completes Sale of 85.1% of MassMutual Japan to Nippon Life appeared first on InsuranceNewsNet.

Author: user
Posted: May 31, 2018, 12:00 pm

At the annual meeting of shareholders today, Unum Group President and CEO Richard P. McKenney addressed the company’ s strong performance, customer focus, and the growing need for the financial protection Unum provides. In 2017, Unum had record revenues of $11.3 billion and paid nearly $7 billion in benefits. Also at today’ s meeting, among other voting items, Unum...

The post Unum Well-Positioned To Expand, CEO Tells Shareholders appeared first on InsuranceNewsNet.

Author: user
Posted: May 24, 2018, 2:50 pm

May 23-- If you don't know what Securian does, chances are that you will soon. Securian has $1.2 trillion of active life-insurance policies, $79 billion in assets under management, and 19 million customers in North America. Beginning Wednesday, Securian will launch its first national advertising campaign, with ads that range in length from six to 60 seconds.

The post What Is Securian? A Quiet Company Making Noise On The Fortune 500 appeared first on InsuranceNewsNet.

Author: user
Posted: May 23, 2018, 9:21 am

A Morgan Stanley analyst's report sees significant strain on the life insurance industry, much of it from long-term care insurance. The report points to rising interest rates and the nearly dead Department of Labor fiduciary rule.

The post Morgan Stanley Sees Negatives In 1Q Life Earnings appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 22, 2018, 4:14 pm

ST. PAUL, Minn.--(BUSINESS WIRE)--Families that feel confident with their finances can more easily enjoy the here and now, making life’s...

The post Securian Financial Has A New Brand Identity appeared first on InsuranceNewsNet.

Author: user
Posted: May 21, 2018, 7:33 pm