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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

--To continue meeting the evolving needs of its members, Nationwide will open a new 31,000- square-foot innovation center in the Arena District next year. The company plans to renovate space within the building at 175 W. Nationwide Blvd., owned by Nationwide Realty Investors and its partner, Capital Square Ltd. The company is also planning to add several dozen...

The post Nationwide To Expand Innovation Space And Add Jobs appeared first on InsuranceNewsNet.

Author: user
Posted: June 20, 2018, 5:00 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

The American Council of Life Insurers announced today that Susan Neely, president and CEO of the American Beverage Association, will join ACLI as president and CEO this summer. Prior to her current role, she served as Assistant Secretary for Public Affairs for the U.S. Department of Homeland Security from 2003-2005 and served as a special assistant to...

The post Susan Neely Named ACLI President And CEO appeared first on InsuranceNewsNet.

Author: user
Posted: May 18, 2018, 10:32 am

Advisors are getting older and so are their clients. They both probably need to learn about succession planning for a secure retirement. Not only is it a service but also a lot of opportunity that comes with the liquidation of a business.

The post Boomers Need Succession Planning, Principal Says appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 18, 2018, 10:00 am

HOUSTON, May 15, 2018 – American International Group, Inc. (NYSE: AIG), a leader in the index universal life (IUL) insurance...

The post AIG Enhances Underwriting For Two IUL Insurance Products appeared first on InsuranceNewsNet.

Author: user
Posted: May 15, 2018, 2:52 pm

Why a parent should consider purchasing life insurance on a child.

The post How Young Is Too Young? Life Insurance And Children appeared first on InsuranceNewsNet.

Author: user
Posted: May 15, 2018, 11:42 am

Braintree, MA.  — U.S. life insurance application activity was off in April down – 2.1% 1 year-over-year, according to the...

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

Author: user
Posted: May 14, 2018, 8:02 pm

According to the National Association of Insurance Commissioners, 15 million Americans are expected to have a high long-term care need by 2050. 1. Kim Anderson, Securian Financial Product Research Manager. Securian Financial recently conducted a survey of more than 800 people currently providing, or who have provided, unpaid care to a parent, in-law or spouse...

The post Survey Shows Struggles Of Unpaid Family Caregivers appeared first on InsuranceNewsNet.

Author: user
Posted: May 14, 2018, 3:45 pm

Chinese state media say the founder of the Chinese insurance company that owns New York City's Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors. A court in Shanghai handed down the sentence Thursday against Wu Xiaohui, the former chairman of Anbang Insurance Group. He founded the company in 2004 but was accused of misleading investors and diverting money.

The post Chinese Court Sentences Anbang Founder To Prison For Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: May 11, 2018, 9:35 am

A mystery shopper found that insurance companies are not putting their best selves forward online. Most of the shortcomings arise from the lack of follow-through.

The post Mystery Shopper Rates Insurers Online appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 8, 2018, 4:44 pm

FALLS CHURCH--The National Association of Insurance and Financial Advisors (NAIFA) has launched the NAIFA Learning Center, a virtual, on-demand video-based...

The post NAIFA Launches New Learning Center To Boost Advisor Productivity appeared first on InsuranceNewsNet.

Author: user
Posted: May 7, 2018, 6:58 pm

MetLife has a four-point plan to find annuitants after the company discovered it failed to pay nearly a half a billion dollars over decades.

The post MetLife Issues Multipronged Plan To Find Missing Annuitants appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 3, 2018, 9:40 pm

Voya Financial will save up to $130 million in annual expenses after the company sells its annuity business, chairman and...

The post Voya, Unum, Genworth Earnings Calls appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 3, 2018, 9:22 pm

Agent pruning and lower unemployment may be factors in the falling agent count at Bankers Life, said CNO Financial CEO...

The post Agent Count Falls at Bankers Life appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: May 3, 2018, 5:52 pm

More changes are being made in Genworth Financial Inc.' s long-delayed plan to be acquired by the China- based investment firm China Oceanwide Holdings Group Co. Ltd.. Henrico County- based Genworth, an insurance company with thousands of employees in Virginia, said Wednesday that the two companies are developing a new capital structure for the deal, after...

The post Genworth, China Oceanwide To Alter Acquisition Deal appeared first on InsuranceNewsNet.

Author: user
Posted: May 3, 2018, 7:53 am

Lincoln Financial Group today reported net income for the first quarter of 2018 of $367 million, or $1.64 per diluted share available to common stockholders, compared to net income in the first quarter of 2017 of $435 million, or $1.89 per diluted share available to common stockholders. “We started the year strong with record first-quarter adjusted operating...

The post Lincoln Financial Group Reports 1Q Results appeared first on InsuranceNewsNet.

Author: user
Posted: May 2, 2018, 8:15 pm

Lessons the insurance industry can learn from Amazon’s grocery store venture.

The post Is There An ‘Insurance Go’ In Our Future? appeared first on InsuranceNewsNet.

Author: user
Posted: May 2, 2018, 7:55 pm

MetLife, a provider of insurance, annuities and employee benefit programs, issued the following news release:. MetLife, Inc. today announced that it has completed the merger of its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company. The decision resulted from a review of the...

The post MetLife Completes Merger Of Two Subsidiaries appeared first on InsuranceNewsNet.

Author: user
Posted: May 1, 2018, 11:59 am

--CNA Financial Corporation today announced first quarter 2018 net income of $291 million, or $1.07 per share, and core income of $281 million, or $1.03 per share. CNA Financial declared a quarterly dividend of $0.30 per share, payable May 30, 2018 to stockholders of record on May 14, 2018. This underwriting result was driven by an excellent underlying loss ratio of...

The post CNA Financial Announces 1Q Results appeared first on InsuranceNewsNet.

Author: user
Posted: April 30, 2018, 10:00 am

NAIFA needs to adapt and become more nimble in order to reverse membership losses that go back decades, CEO Kevin Mayeux told the Pennsylvania chapter Monday.

The post NAIFA Must Become Nimble, CEO Says appeared first on InsuranceNewsNet.

Author: Susan Rupe
Posted: April 24, 2018, 12:16 pm

Gerber Life would be a good fit for middle income life and health insurer Torchmark, a company executive said recently....

The post Gerber Life a Fit, Torchmark Exec Says appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: April 20, 2018, 3:27 pm

Agents might take for granted that prospects and clients know the basics about life insurance, but a survey showed that they don't even know that benefits are not taxed.

The post Don’t Overestimate What Consumers Know About Life Insurance appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: April 18, 2018, 10:00 am

Arlington, Va., and Windsor, Conn. – When it comes to purchasing life insurance, consumers are engaging online and through social...

The post Strong Social Media Presence Critical To Advisor Success appeared first on InsuranceNewsNet.

Author: user
Posted: April 16, 2018, 7:41 pm

Braintree, MA.—U.S. life insurance application activity turned positive in March up 6.7%1 year-over-year, according to the MIB Life Index. The...

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

Author: user
Posted: April 16, 2018, 7:17 pm

Approximately 2,000 existing agents who have been operating under the Nationwide brand will have the opportunity to transition to an independent agency model between now and July 1, 2020. The company already has relationships with more than 10,000 independent agents across the United States.

The post Nationwide Will Transition To Independent Agency Model By July 2020 appeared first on InsuranceNewsNet.

Author: user
Posted: April 16, 2018, 4:00 pm

The indictments were issued following an investigation by the Alabama Securities Commission and the Alabama Department of Insurance. Officials with the Alabama Securities Commission said according to the indictment, Powell participated in illegal securities transactions by selling promissory notes and misappropriating the investment funds...

The post Alabama Ex-Advisor Charged In Wide-Ranging Insurance, Financial Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: April 10, 2018, 4:04 pm

April 2, 2018 – Kuvare US Holdings, Inc. (“Kuvare”), a growth-oriented life and annuity business, is pleased to announce the...

The post Kuvare Acquires United Life appeared first on InsuranceNewsNet.

Author: user
Posted: April 6, 2018, 7:46 pm

HORSHAM, Pa. – April 2, 2018 – Penn Mutual, a Fortune 1,000 Company, introduced its latest permanent life insurance product,...

The post Penn Mutual Launches Survivorship Choice Whole Life appeared first on InsuranceNewsNet.

Author: user
Posted: April 6, 2018, 7:42 pm

The troubled Chinese insurer that owns New York City's Waldorf Hotel is receiving a $9.6 billion bailout from a government-run fund to shore up its finances. Regulators seized control of privately owned Anbang Insurance in February after a multibillion-dollar asset buying spree raised questions about its stability. The insurer's founder went on trial last week on charges he defrauded investors and misused company money.

The post Troubled Chinese Insurer Receives Government Bailout appeared first on InsuranceNewsNet.

Author: user
Posted: April 5, 2018, 5:03 am

New York, NY (April 3, 2018) – Simplicity Financial Marketing Group Holdings, Inc. (Simplicity) announced today that it has acquired...

The post Simplicity Financial Marketing Acquires InsurMark appeared first on InsuranceNewsNet.

Author: user
Posted: April 3, 2018, 7:37 pm

-Sun Life Financial Inc. announced today that it is strengthening its business in Asia by aligning its International high net worth life insurance business with its SLF Asia business group. "Our SLF International business helps high net worth Clients transfer wealth to future generations through life insurance, and given that those Clients are primarily in...

The post Sun Life Financial Strengthens Its Asia HNW Insurance Business appeared first on InsuranceNewsNet.

Author: user
Posted: April 3, 2018, 11:30 am

Marlene Debel, CFO for MetLife, has been appointed to lead the company’s Retirement & Income Solutions business, the company said.

The post MetLife Makes Exec Change in Wake of Annuity Charge appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: April 2, 2018, 6:45 pm

Four life insurance agents in Southern California were accused of setting up fraudulent policies and collecting $1.9 million in commission.

The post 4 Life Insurance Agents Accused in $1.9M Fake Policy Scam appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: March 29, 2018, 2:32 pm

Chinese state TV has shown the founder of the insurance company that owns New York City's Waldorf Hotel admitting his guilt at a trial on fraud and other charges. Wu Xiaohui, former chairman of Anbang Insurance Group, is accused of fraudulently raising $10 billion from investors and misusing his post to benefit himself.

The post Chinese State TV Shows Insurance Tycoon Admitting Guilt appeared first on InsuranceNewsNet.

Author: user
Posted: March 29, 2018, 10:11 am

A long-delayed merger between Henrico County- based insurer Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. is being extended yet again as the proposed deal remains under review by some government regulatory agencies. Genworth, an insurance company with thousands of employees in Virginia, first announced in October 2016 that it had...

The post Genworth Extends Merger Deadline Again appeared first on InsuranceNewsNet.

Author: user
Posted: March 28, 2018, 6:53 am

Prosecutors say the founder of the Chinese insurer that owns New York City's Waldorf Hotel is on trial on charges of financial misconduct. Wu Xiaohui was detained after regulators seized Anbang Insurance Group following a multibillion-dollar global buying spree that raised questions about where the company got its money and whether it could pay its debts.

The post Chinese Insurance Founder Tried For Alleged Fundraising Crimes appeared first on InsuranceNewsNet.

Author: user
Posted: March 28, 2018, 5:56 am