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Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., announced that it has reached an agreement with Lincoln Financial Group under which its principal subsidiary, Protective Life Insurance Company, and Protective Life& Annuity Insurance Company, will acquire via reinsurance substantially all of the individual life...

The post Protective Enters Agreement To Reinsure Liberty Life And Annuity Business appeared first on InsuranceNewsNet.

Author: user
Posted: January 19, 2018, 12:30 pm

FALLS CHURCH, Va., Jan. 18, 2018 – The National Association of Insurance and Financial Advisors (NAIFA) and GAMA International will...

The post NAIFA, GAMA Partner On Advocacy, Member Benefits appeared first on InsuranceNewsNet.

Author: user
Posted: January 18, 2018, 6:08 pm

BALTIMORE, January 15, 2018— LifeMark Partners, Inc., one of the nation's largest independent national insurance marketing organizations, today announced that a complimentary cancer genomic profiling...

The post LifeMark Partners Offers Cancer Genomic Profiling Program appeared first on InsuranceNewsNet.

Author: user
Posted: January 16, 2018, 7:46 pm

Braintree, MA. (January 15, 2018) —Slowing life insurance application activity in mid-2016, turned sharper in Q1 2017, off -4.5%; the...

The post U.S. Life Insurance Activity Shows Steady Recovery appeared first on InsuranceNewsNet.

Author: user
Posted: January 16, 2018, 2:21 pm

Northwestern Mutual’s investment in business coaching firm ClientWise amounts to an affirmation that advisors must migrate from solo practitioners to team builders and managers, experts said.

The post Insurer Investment In Coaching Firm Boosts Advisors appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: January 12, 2018, 4:39 pm

Boosting the death benefit by several thousand dollars and adding a charitable giving rider will help Vantis Life's single-premium whole life product compete for market share, the company said.

The post Vantis Life Goes Platinum with Whole Life Product appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: January 11, 2018, 3:27 pm

--American National Insurance Company announces that, effective January 1, 2018, American National Life Insurance Company of New York merged into Farm Family Life Insurance Company. The merger of American National’ s New York life insurance companies into a single entity furthers American National’ s commitment to promoting and strengthening the American...

The post American National Announces Merger Of Subsidiaries appeared first on InsuranceNewsNet.

Author: user
Posted: January 10, 2018, 9:00 pm

Today, online life insurance agency Haven Life announces an increase of its maximum coverage amount from $1 million to $2 million. A healthy 30- year-old woman can buy a 20- year, $2 million Haven Term policy for as little as $51 per month. Applicants up to 60 years old are eligible to apply now for a $2 million policy. The exam is free, takes about 20 minutes and can be...

The post Haven Life Increases Maximum Coverage Amount To $2M appeared first on InsuranceNewsNet.

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

Lincoln Financial has hired corporate actuary Stafford Thompson Jr. as senior vice president, Life Product Management, in charge of the company’s individual life business.

The post Lincoln Appoints Senior Exec To Key Life Post appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: January 9, 2018, 2:39 pm

SAN FRANCISCO- Behnam Halali was sentenced to five years' imprisonment, Ernesto Magat to four years' imprisonment, and Karen Gagarin to three years' imprisonment for their respective roles in a scheme to commit wire fraud and identity theft involving fraudulent life insurance policies, announced U.S. Attorney Brian J. Stretch, Federal Bureau of Investigation...

The post California Agents Sentenced To Prison For Conspiracy, Wire Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: January 8, 2018, 10:13 am

Agents selling Ameritas Life Insurance's new term life insurance product can expect more commission options as the company seeks to meet agents' desires for more flexibility.

The post New Ameritas Term Product Gives Agents More Options appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: January 5, 2018, 3:51 pm

FALLS CHURCH, Va. – Jan. 2, 2018 – The National Association of Insurance and Financial Advisors (NAIFA) and the Society...

The post NAIFA, FSP Partnership Will Bolster Professional Development In Advanced Markets appeared first on InsuranceNewsNet.

Author: user
Posted: January 2, 2018, 6:29 pm

Forecasters and pundits released their crystal balls and offered glimpses of what life and annuity advisors can expect when it comes to product development, distribution and insurance company performance.

The post What 2018 Could Bring To the Life/Annuity Industry appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: January 2, 2018, 11:00 am

New York is bidding to become the second state, after Nevada, to adopt a state-based best interest standard for the sale of life insurance and annuities. Gov. Andrew Cuomo said New York is tired of waiting for the Department of Labor fiduciary rule to take effect.

The post New York Proposes ‘Best Interest’ Standard appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: December 28, 2017, 3:31 pm

Indexed universal life (IUL) insurance dominated life insurance sales through the first nine months of 2017. IUL sales were boosted by a host of new products and features.

The post IUL the Life Insurance Star of 2017 Sales appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: December 26, 2017, 1:38 pm

Life insurance news was a mix of good and bad in 2017. We recap our top five most popular stories from the year.

The post Top 5 Stories of 2017: Life Insurance appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: December 26, 2017, 11:00 am

Life insurance gives clients flexibility in negotiating their way through retirement.

The post A Climbing Rope And A Permission Slip: Life Insurance and Retirement Planning appeared first on InsuranceNewsNet.

Author: user
Posted: December 20, 2017, 10:01 am

Through executive bonus plans, life insurance can be part of an innovative solution you can offer your small business clients who are looking to reward and motive their key employees. Even better, it’s a strategy that can produce a tax deduction for their business.

The post Life Insurance – The Bonus Plan for the Executive Who Has Everything appeared first on InsuranceNewsNet.

Author: user
Posted: December 12, 2017, 7:00 pm

Advisors traditionally approach a financial relationship by proposing to manage assets, mapping out a plan to let those assets grow. But these days, Americans are concerned about other things -- like debt and health care expenses.

The post Winning Over Prospects by Focusing on D-E-B-T appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: December 8, 2017, 9:34 pm

Braintree, MA. (December 6, 2017) —U.S. individually underwritten life insurance activity turned positive in November with the MIB Life Index...

The post Life Insurance Activity Turns Positive In November appeared first on InsuranceNewsNet.

Author: user
Posted: December 7, 2017, 4:52 pm

MADISON, Wis. – TruStage, CUNA Mutual Group’s consumer brand, announced today the launch of its new entirely digital simplified-issue whole...

The post TruStage Debuts Simplified-Issue Whole Life Insurance Product appeared first on InsuranceNewsNet.

Author: user
Posted: December 6, 2017, 8:30 pm

Insurers are getting caught up in class-action complaints stemming from independent agents who make unsolicited cold calls. The Telephone Consumer Protection Act of 1991 shields consumers from unsolicited calls, texts and faxes made without their consent.

The post Insurers, Agents at Greater Risk Under Expanding TCPA Scope appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: December 6, 2017, 2:08 pm

The American Council of Life Insurers issued the following news release:. Americans are increasingly turning to the life insurance industry to protect their families' financial futures, according to the American Council of Life Insurers' 2017 Life Insurers Fact Book. Today, there is $20.3 trillion of life insurance coverage in-force in the United States.

The post In-Force Life Policies Increase For Fourth Year, ACLI Reports appeared first on InsuranceNewsNet.

Author: user
Posted: December 6, 2017, 12:53 pm

The Hartford has entered into a definitive agreement to sell Talcott Resolution, its run-off life and annuity businesses, to a group of investors led by Cornell Capital, Atlas Merchant Capital, TRB Advisors, Global Atlantic Financial Group, Pine Brook and J. Safra Group.

The post The Hartford Announces Agreement To Sell Its Life, Annuity Businesses appeared first on InsuranceNewsNet.

Author: user
Posted: December 4, 2017, 3:00 pm

While overall life insurance sales sputter in a low-interest environment, indexed universal life sales rose 8 percent in the third quarter, LIMRA reported. The roaring stock market is the biggest reason for strong IUL sales, analysts say.

The post IUL Shines Brightest in a Wilting Life Market in Q3 appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: December 4, 2017, 2:20 pm

Third-quarter sales of indexed universal life (IUL) fell 1 percent as insurers grapple with new actuarial risk assessment guidelines. Still, IUL sales were up 6 percent compared to the year-ago period, Wink’s Sales & Market Report reported.

The post IUL Sales Rise 6 Percent in Q3 appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: December 1, 2017, 2:18 pm

The deadline for a Chinese company's proposed acquisition of the long-term care insurer has been extended yet again - this time to April 1 as the companies continue to seek regulatory clearance for the deal.

The post Genworth Merger Gets New Extension appeared first on InsuranceNewsNet.

Author: user
Posted: November 30, 2017, 7:59 pm

Nov. 30-- After one of Charlotte's biggest Ponzi schemes unraveled last year, the widow of accused fraudster Rick Siskey pledged to hand over a significant portion of the life insurance proceeds she received to investors. Siskey's records showed that investors were owed around $51 million, including interest. For example, investors in one fund submitted claims...

The post New Mystery In Ponzi Scheme Centers On Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: November 30, 2017, 5:31 pm

NEW YORK--(BUSINESS WIRE)--New York Life, America’s largest mutual life insurer, today announced that the company expects to pay eligible participating...

The post New York Life Declares Largest Dividend In Company’s History appeared first on InsuranceNewsNet.

Author: user
Posted: November 27, 2017, 4:41 pm

Millennials have ratcheted up customer service expectations in every industry, and that means faster service and adapting to the cyber world. Insurers that do not rise to the challenge are going to be left behind, analysts say.

The post Insurers Battle Against Companies ‘Born Digital’ appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 27, 2017, 3:44 pm

Des Moines, Iowa- Total third quarter non-variable universal life sales were over $1,012.1 million, according to  Wink’s Sales & Market...

The post Indexed Life Sales Down A Notch In 3Q appeared first on InsuranceNewsNet.

Author: user
Posted: November 27, 2017, 2:53 pm

A survey revealed many insurers gave themselves failing or barely passing grades on their portal capabilities. But carriers have plans to turn that situation around.

The post Insurers Plan To Improve Portal Shortcomings In 2018 appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 17, 2017, 4:22 pm

_ Security National Financial Corp. on Tuesday reported third-quarter profit of $1.1 million. The Salt Lake City- based company said it had net income of 7 cents per share. Security National Financial shares have decreased 18 percent since the beginning of the year.

The post Security National Financial Posts 3Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 16, 2017, 1:15 pm

_ Fidelity& Guaranty Life on Wednesday reported fiscal fourth-quarter net income of $61 million. The Des Moines, Iowa- based company said it had profit of $1.06 per share. For the year, the company reported profit of $223 million, or $3.83 per share.

The post Fidelity & Guaranty Posts 4Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 15, 2017, 9:45 pm

There was good news and not-so-good news for insurers in the third quarter. Our Cyril Tuohy breaks it down.

The post Insurers Beat Expectations In Q3, But Can It Last? appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 14, 2017, 10:10 pm

Braintree, MA. (November 10, 2017) —U.S. individually underwritten life insurance activity improved slightly in October with the MIB Life Index...

The post Life Insurance Activity Continues To Improve In October appeared first on InsuranceNewsNet.

Author: user
Posted: November 10, 2017, 8:59 pm

_ Sun Life Financial Inc. on Wednesday reported third-quarter earnings of $670.7 million. On a per-share basis, the Toronto- based company said it had net income of $1.05. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The post Sun Life Beats 3Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: November 9, 2017, 1:02 pm

Here is how you can address employees' four main objections to buying group life insurance.

The post Use Open Enrollment To Close The Life Insurance Gap appeared first on InsuranceNewsNet.

Author: user
Posted: November 7, 2017, 1:00 pm

PHOENIX- For the past 30 months, Beverly Thomas has been trying to convince officials for the Prudential Insurance Company that she had nothing to do with the death of her husband. But the company, afraid that they may pay out $90,000 of his death benefit to someone who was not eligible to receive it, has turned the matter over to the federal courts in Phoenix to...

The post Prudential Questions Woman’s Claim On Husband’s Death appeared first on InsuranceNewsNet.

Author: user
Posted: November 7, 2017, 12:54 pm

_ Genworth Financial Inc. on Thursday reported third-quarter net income of $107 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Richmond, Virginia- based company said it had profit of 21 cents. Access a Zacks stock report on GNW at https://www.zacks.com/ap/GNW.

The post Genworth Posts 3Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2017, 9:50 pm

_ American International Group Inc. on Thursday reported a third-quarter loss of $1.74 billion, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share. American International Group shares have decreased 0.5 percent since the beginning of the...

The post AIG Posts 3Q Loss appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2017, 8:32 pm

_ Allstate Corp. on Wednesday reported third-quarter earnings of $666 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Three analysts surveyed by Zacks expected $8.45 billion.

The post Allstate Tops Street 3Q Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 10:24 pm

Penn Mutual, a Fortune 1,000 Company and leader in indexed universal life product innovation, introduced its latest IUL product, Survivorship Plus Select SM Indexed Universal Life. This new, second-to-die survivorship life insurance product, designed to cover two lives more cost effectively than two comparable individual policies, was built to support...

The post Penn Mutual Life Launches Survivorship Plus Select IUL appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 1:30 pm

The industry’s largest life insurers are expected to report third-quarter earnings today. Morgan Stanley analyst Nigel Dally offers a rundown on what to expect from an insurance product perspective.

The post Earnings Update Favorable for Life Insurers appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 1, 2017, 1:01 pm

Jackson National Life Insurance Company announced the formation of its Private Wealth & Trust group, a specialized team focused on complex planning, investment management and tax mitigation strategies for high-net-worth and ultra high-net-worth families.

The post Jackson National Enters Private Wealth And Trust Market appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 10:00 am

NEWPORT NEWS, Va.- A Portsmouth woman who faked her own death in connection with an elaborate bank fraud scheme pleaded guilty today to conspiracy and fraud charges. According to court documents, Alexandra Hatcher, 49, conspired with her husband, Albert Hatcher Jr., to collect on life insurance policies the two had obtained to insure Hatcher's life.

The post Woman Faked Death As Part Of Cross-Country Luxury Vehicle Fraud Scheme appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 9:50 am

_ Voya Financial Inc. on Tuesday reported third-quarter net income of $148.6 million, after reporting a loss in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Twelve analysts surveyed by Zacks expected $322.9 million.

The post Voya Misses Street 3Q Forecasts appeared first on InsuranceNewsNet.

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

In response to hurricanes this year, iinsurers extended due dates for policy premiums by up to two months for policyholders in declared disaster areas. The extensions kept policies in-force even if the companies aren’t collecting premium.

The post Insurers Caught in Hurricane Losses appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 31, 2017, 6:46 pm

Colonial Penn will continue to expand marketing initiatives beyond television, executives said recently. The costly ad medium isn't in line with where customers will be in the coming years, the company said.

The post ‘Critical’ to Market Beyond TV Audiences: Colonial Penn Exec appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 31, 2017, 12:35 pm

Erie Indemnity Co., which provides management services to Erie-based Erie Insurance, reported a third-quarter profit of $58.5 million Thursday, up from the $57.3 million the company earned in the third quarter of 2016.. Earnings for the first nine months of the year inched upward from $164.5 million to $164.9 million. Erie Insurance, which operates in 12...

The post Erie Insurance Earns $58.5M In 3Q appeared first on InsuranceNewsNet.

Author: user
Posted: October 27, 2017, 9:21 am