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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.
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_ 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.
_ 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.
There was good news and not-so-good news for insurers in the third quarter. Our Cyril Tuohy breaks it down.
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Braintree, MA. (November 10, 2017) —U.S. individually underwritten life insurance activity improved slightly in October with the MIB Life Index...
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_ 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.
Here is how you can address employees' four main objections to buying group life insurance.
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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...
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_ 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.
_ 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...
_ 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.
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...
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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.
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.
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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.
_ 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.
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.
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.
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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...
--Kansas City Life Insurance Company recorded net income of $6.6 million or $0.69 per share in the third quarter of 2017, a decrease of $0.5 million or $0.05 per share relative to the third quarter of 2016. Net income totaled $17.4 million or $1.80 per share in the first nine months of 2017, up from $16.7 million or $1.72 per share in the first nine months of 2016..
GOP tax reform plans will cause a reduction in Torchmark's risk-based capital ratio, one analyst said this week. RBCs are a key measure of a company’s capital strength and any change is usually followed by a change in an insurance company’s capital management plans.
Oct. 25-- Twenty-four residents of Murphy Village in North Augusta entered into guilty plea agreements Tuesday to the charge of criminal conspiracy. United States Attorney Beth Drake stated in a release Tuesday that 24 residents, all of North Augusta, pleaded guilty in federal court in Columbia to criminal conspiracy. They are: John U. Carroll, Ann Carroll,...
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_ CNO Financial Group Inc. on Wednesday reported third-quarter net income of $100.8 million. On a per-share basis, the Carmel, Indiana- based company said it had net income of 59 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
CHICAGO, October 23, 2017 – Bankers Life and Casualty Company today announced a new accelerated death benefit rider available on...
--The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 23, 2017. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. SOURCE Kansas City Life Insurance Company.
BOSTON – A new survey commissioned by John Hancock found that almost half (47 percent) of people living with diabetes...
Social media profiles have become an ingrained part of most of our lives. At one time they were a novelty that seemed to mostly serve the purposes of remembering Aunt Bettys birthday or sharing the latest video of cat hijinks; now they provide a valuable professional function. As of April 2017, LinkedIn had 500 million users with active profiles, and 12 million of...
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Better economic conditions, favorable pricing and higher customer engagement helped raise consumer satisfaction with life insurance companies to a record high, JD Power found in its latest life insurance survey.
Although annualized premiums for all major life insurance products showed gains in the second quarter, indexed universal life was the primary driver behind those gains.
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Symetra Financial, a financial services company, issued the following news release:. Symetra Life Insurance Company, a growing provider in the individual life insurance space, has expanded its universal life portfolio with the introduction of Symetra Accumulator IUL. A flexible premium adjustable life insurance policy with index-linked interest options,...
Accelerated underwriting is beginning to make inroads as insurers vastly improve at processing more data to price policies in a way that reflects the risk appropriately.
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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 75 million American families, elected its chairman, officers and board of directors at the ACLI 2017 Annual Conference. Mr. Mullin succeeds Peter Schaefer, president and CEO of...
Cincinnati – Ohio National Financial Services is pleased to introduce a new indexed universal life (IUL) insurance product that offers...
(Fairfax, Va.)— The National Association of Independent Life Brokerage Agencies (NAILBA) is pleased to announce that after a nationwide search,...
AXA Financial has extended the premium payment grace period for its customers affected by recent hurricanes.
Braintree, MA. (October 5, 2017) — U.S. individually underwritten life insurance activity continued to improve in September with the MIB...
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BOSTON – John Hancock Life Insurance and the American Diabetes Association® (ADA) have teamed up to raise awareness about the...
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Recognizing the stress and financial burden that student debt can create, New York Life has launched a student loan repayment program offering up to $10,200 over five years for eligible employees*, as well as student loan advice and online planning tools. New York Life is making these benefits available to eligible employees on day one of their employment, with...
International Paper will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a leader in retirement benefits. Peggy McDonald, the senior vice president who led negotiations for Prudential, said,“ We are proud that International Paper has chosen Prudential to...
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How to keep your client from receiving an unwelcome "gift" on their 100th birthday.
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A study published by LIMRA, a trade organization for the insurance industry, found 108 million Americans have life insurance coverage through their workplace, compared with 102 million covered by individual life insurance. This is the first time the number of people covered by workplace insurance has surpassed those covered by individual insurance since...
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John Hancock's IUL policyholders can also earn significant savings and rewards for living healthy through the John Hancock Vitality Program, available with the IUL product series. John Hancock's broad IUL portfolio is designed to meet a wide array of financial planning needs. "As one of the fastest growing and highly competitive segments in the market, IUL...
U.S. Individual life insurance new annualized premium increased 4 percent for the first half of 2017, compared with the first six months of 2016. In the second quarter, new annualized premium increased 3 percent, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
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ZURICH--(BUSINESS WIRE)-- The Geneva Association, the leading international think tank of the insurance industry, has released the research paper Genetics...
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Ken Fisher is again campaigning against annuities. But does he really hate the product, as his famous ads claim? Our Kim O'Brien updates a 2015 column outlining her suspicions.
NEW YORK-- A new national survey of small business owners released today finds that small businesses are at risk of...
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.
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Kuvare US Holdings plans to acquire United Life Insurance Co., the UFG subsidiary, in a deal valued at $280 million. Based in downtown Cedar Rapids, UFG sells property-and-casualty insurance, life insurance and annuities. United Life has 46 employees, most of whom work in Cedar Rapids, UFG spokeswoman Colleen Scholer said.
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September 15, 2017 – The Life Insurance Council of New York (LICONY) today praised Governor Cuomo for signing three important...
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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.
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