Friday, March 30, 2007
More Universal Life Choices Now Available to Producers Selling in the New York Market
Producers now have more universal life choices from a quality carrier in the New York market to help meet clients’ diverse financial goals and risk profiles. The new offerings from Pacific Life & Annuity Company cover the full range of universal life products including traditional universal life, equity-indexed universal life and variable universal life insurance.
More Universal Life Choices Now Available to Producers Selling in the New York Market
Source: Business Wire
More Universal Life Choices Now Available to Producers Selling in the New York Market
Source: Business Wire
Permalink posted by armandn @ 7:38 AM 
Millionaires Say Money Management, Retirement Security Top Concerns
Millionaires are putting their economic faith in the stock market and disavowing real estate.
Fidelity's Millionaire Outlook shows millionaires' overall confidence in the health of the current economy is fueled by their perception of a strong stock market, yet the perceived weakest aspect of economic performance is the value of real estate.
More than 2,500 financial decision makers at households with at least $1 million in investable assets were surveyed by the Boston-based firm.
Millionaires Say Money Management, Retirement Security Top Concerns
Source: Yahoo! Finance/CBS MarketWatch
Fidelity's Millionaire Outlook shows millionaires' overall confidence in the health of the current economy is fueled by their perception of a strong stock market, yet the perceived weakest aspect of economic performance is the value of real estate.
More than 2,500 financial decision makers at households with at least $1 million in investable assets were surveyed by the Boston-based firm.
Millionaires Say Money Management, Retirement Security Top Concerns
Source: Yahoo! Finance/CBS MarketWatch
Permalink posted by armandn @ 7:37 AM
The Importance of Disability Insurance Must Not be Overlooked
Death or dying is something that every living person has thought about at least once. The idea of death, the fear of it, haunts the human animal like nothing else, said the late cultural anthropologist Ernest Becker. But according to Social Security Administration there is one other thing that people should think about – disability. While disability is something most people do not like to think about the agency said the chances of becoming disabled is possibly greater than most people assume.
The Importance of Disability Insurance Must Not be Overlooked
Source: Insurance News Net
The Importance of Disability Insurance Must Not be Overlooked
Source: Insurance News Net
Permalink posted by armandn @ 7:36 AM
Groups Comment On NAIC Viatical Draft
The National Association of Insurance Commissioners has received a new batch of comment letters about efforts to update the viatical settlements model act.
The commenters filed the letters in anticipation of the April 2 NAIC Life Insurance and Annuities Committee meeting.
Groups Comment On NAIC Viatical Draft
Source: National Underwriter (subscription required)
The commenters filed the letters in anticipation of the April 2 NAIC Life Insurance and Annuities Committee meeting.
Groups Comment On NAIC Viatical Draft
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 7:34 AM
Thursday, March 29, 2007
NAVA Reports Fourth Quarter Variable Annuity Industry Data
NAVA announced today fourth quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 5.1 percent to $1.36 trillion at the end of the fourth quarter, as compared to the end of the third quarter of 2006. Net assets increased by 14.3 percent relative to the fourth quarter one year ago.
NAVA Reports Fourth Quarter Variable Annuity Industry Data
Source: Business Wire
NAVA Reports Fourth Quarter Variable Annuity Industry Data
Source: Business Wire
Permalink posted by armandn @ 1:11 PM
The Hartford's Playbook for Life to Help College Hoops Coaches Develop Game Plan for Financial Future
Playbook for Life, the award-winning national education program developed by The Hartford Financial Services Group, Inc. in collaboration with the National Collegiate Athletic Association (NCAA), to help student-athletes and other young people get a jump start on their financial future, will bring its personal finance planning message to members of the National Association of Basketball Coaches (NABC) and the Women's Basketball Coaches Association (WBCA) at their annual conventions in Atlanta and Cleveland.
The Hartford's Playbook for Life to Help College Hoops Coaches Develop Game Plan for Financial Future
Source: DiGiTAL50.com
The Hartford's Playbook for Life to Help College Hoops Coaches Develop Game Plan for Financial Future
Source: DiGiTAL50.com
Permalink posted by armandn @ 1:08 PM
Phased Retirement Programs are Becoming Easier to Implement
More companies will be able to use phased retirement to retain valuable skills and knowledge while providing mature workers with an alternative to the all-or-nothing approach to retirement, according to a report released today by The Conference Board, the global research and business membership organization.
Phased Retirement Programs are Becoming Easier to Implement
Source: Insurance News Net
Phased Retirement Programs are Becoming Easier to Implement
Source: Insurance News Net
Permalink posted by armandn @ 1:07 PM
Consumers Can Learn About Insurance Online in Spanish
Most Americans will purchase an insurance product at some time in their lives - whether it is automobile, life, homeowners or health insurance. Because insurance is such a complex topic, consumers can benefit from understanding the basics about different types of insurance before they purchase a policy.
Consumers Can Learn About Insurance Online in Spanish
Source: Hispanic PRWire
Consumers Can Learn About Insurance Online in Spanish
Source: Hispanic PRWire
Permalink posted by armandn @ 1:04 PM
Wednesday, March 28, 2007
Phoenix Adds Indexed Universal Life to Product Portfolio, Offers Policy Flexibility and Simple Index Options
The Phoenix Companies, Inc. today introduced Phoenix Indexed ULSM, a flexible premium universal life insurance policy that gives customers the opportunity to grow their cash values in line with a rising stock market while protecting these assets with guaranteed minimum returns even when the market drops.
Phoenix Adds Indexed Universal Life to Product Portfolio, Offers Policy Flexibility and Simple Index Options
Source: dBusiness News
Phoenix Adds Indexed Universal Life to Product Portfolio, Offers Policy Flexibility and Simple Index Options
Source: dBusiness News
Permalink posted by armandn @ 5:00 AM
Fidelity Investments Estimates $215,000 Needed to Cover Retiree Health Care Costs
A 65-year-old couple retiring in 2007 will need approximately $215,000(1) to cover medical costs in retirement(2), according to Fidelity Investments' latest health care cost estimate, released today. This figure is a 7.5 percent increase over the 2006 estimate of $200,000.
The retiree health care cost estimate is calculated annually by Fidelity Investments. Since the estimate first was computed in 2002, the number has risen a total of 34 percent, with an average annual increase of 6.1 percent.
Fidelity Investments Estimates $215,000 Needed to Cover Retiree Health Care Costs
Source: Insurance News Net
The retiree health care cost estimate is calculated annually by Fidelity Investments. Since the estimate first was computed in 2002, the number has risen a total of 34 percent, with an average annual increase of 6.1 percent.
Fidelity Investments Estimates $215,000 Needed to Cover Retiree Health Care Costs
Source: Insurance News Net
Permalink posted by armandn @ 4:58 AM
Northwestern Mutual Celebrates 150th Anniversary
Northwestern Mutual Life Insurance Company, one of the world's most admired companies, begins celebrations this month of its 150th anniversary. In what will be a year-long campaign, the company will mark its achievements over the past 150 years as well as look to the future for its policyowners, employees, and representatives. As a part of the campaign, the company's charitable foundation will contribute an additional $3.165 million to non-profit and community organizations across the country where its representatives serve clients.
Northwestern Mutual Celebrates 150th Anniversary
Source: PR Newswire
Northwestern Mutual Celebrates 150th Anniversary
Source: PR Newswire
Permalink posted by armandn @ 4:57 AM
Sun Life Financial Qualifies to Renew IMSA Membership in Recognition of High Ethical Standards
The U.S. division of Sun Life Financial recently announced that it has qualified to renew its membership in the Insurance Marketplace Standards Association (IMSA), the premier standards-setting organization for the life insurance marketplace.
Sun Life Financial Qualifies to Renew IMSA Membership in Recognition of High Ethical Standards
Source: Yahoo! Finance
Sun Life Financial Qualifies to Renew IMSA Membership in Recognition of High Ethical Standards
Source: Yahoo! Finance
Permalink posted by armandn @ 4:56 AM
CT Court: AG Must Release Internal MassMutual Report on CEO
Attorney General Richard Blumenthal said today that the Connecticut Supreme Court has dismissed Mass Mutual's appeal to stop him from publicly releasing the company's internal investigative report on its former chief executive officer.
Mass Mutual has until April 13 to ask the court to reconsider its decision, or take other action, before the report is released, according to Blumenthal.
CT Court: AG Must Release Internal MassMutual Report on CEO
Source: Insurance Journal
Mass Mutual has until April 13 to ask the court to reconsider its decision, or take other action, before the report is released, according to Blumenthal.
CT Court: AG Must Release Internal MassMutual Report on CEO
Source: Insurance Journal
Permalink posted by armandn @ 4:54 AM
Tuesday, March 27, 2007
Sun Life Financial Announces Integrated Brand Strategy In Canada
Sun Life Financial Inc. announced today that it is integrating its brand strategy in Canada to more effectively leverage the Sun Life brand. As part of the integrated strategy, the Company also announced that it is retiring the Clarica name.
Sun Life Financial Announces Integrated Brand Strategy In Canada
Source: Yahoo! Finance
Sun Life Financial Announces Integrated Brand Strategy In Canada
Source: Yahoo! Finance
Permalink posted by armandn @ 9:11 AM
Lidle's Widow Sues MetLife
The widow of New York Yankees pitcher Cory Lidle has sued MetLife Inc., claiming she is owed more than $1 million under baseball's benefit plan.
Lidle died in the crash of his small plane into a Manhattan high-rise Oct. 11 and was covered by the benefit plan of Major League Baseball and its players' association, which had a $450,000 life insurance benefit and an accidental death benefit of $1.05 million.
Lidle's Widow Sues MetLife
Source: Greenwichtime.com
Lidle died in the crash of his small plane into a Manhattan high-rise Oct. 11 and was covered by the benefit plan of Major League Baseball and its players' association, which had a $450,000 life insurance benefit and an accidental death benefit of $1.05 million.
Lidle's Widow Sues MetLife
Source: Greenwichtime.com
Permalink posted by armandn @ 9:10 AM
Secure Life Settlements Provides Insurance Agents, Brokers with Tools to Assist Senior Clients
Secure Life Settlements™ announced it now offers insurance agents and brokers with financial planning tools for the senior citizen clientele who need to realign their financial and insurance arrangements. The company also offers insurance agents and brokers the most competitive industry compensation available.
Secure Life Settlements Provides Insurance Agents, Brokers with Tools to Assist Senior Clients
Source: eMediaWire
Secure Life Settlements Provides Insurance Agents, Brokers with Tools to Assist Senior Clients
Source: eMediaWire
Permalink posted by armandn @ 9:08 AM
The Advantages of Single Premium Life Insurance
As an effective wealth transfer tool, single premium life policies (SPLs) might be the best way to go for today’s consumer. A properly designed SPL insurance policy is an effective financial product for clients between 50 and 80 years old, with sufficient resources to sustain their current lifestyle and have already allocated assets for their heirs.
The Advantages of Single Premium Life Insurance
Source: Insurance News Net
The Advantages of Single Premium Life Insurance
Source: Insurance News Net
Permalink posted by armandn @ 9:05 AM
Monday, March 26, 2007
Understanding the Mind of Ultra and High-Net Worth Markets
According to Wealth Management in North America: Clients, Products, and Providers, a study conducted by research firm Celent, there were 30.4 million rich individuals in North America in 2006. This affluent segment is expected to swell to 37.7 million by 2010. The rich, says Celent, isn’t a homogenous pack but can be sliced up into three classes:
Understanding the Mind of Ultra and High-Net Worth Markets
Source: Insurance News Net
Understanding the Mind of Ultra and High-Net Worth Markets
Source: Insurance News Net
Permalink posted by armandn @ 8:02 AM
Multistate Compact Eases Launch of Asset Protection Products
A multistate compact involving insurance regulators in 29 states could begin yielding benefits, in the form of new insurance products, by the second quarter of the year, insurance industry officials said.
The Interstate Insurance Product Regulation Commission was designed to make it easier and cheaper for insurance companies to introduce new products in four insurance lines related to asset protection -- life, annuity, long-term care and disability.
Multistate Compact Eases Launch of Asset Protection Products
Source: Biz Journals (subscription may be required)
The Interstate Insurance Product Regulation Commission was designed to make it easier and cheaper for insurance companies to introduce new products in four insurance lines related to asset protection -- life, annuity, long-term care and disability.
Multistate Compact Eases Launch of Asset Protection Products
Source: Biz Journals (subscription may be required)
Permalink posted by armandn @ 8:01 AM
Health Savings Accounts: Brace Yourself for a Big Year
On Dec. 20, 2006, Congress and President Bush gave health insurance brokers and agents an early Christmas present: The Health Opportunity Patient Empowerment Act of 2006. This new law, which went into effect January 1, will increase the popularity of health savings accounts (HSAs) by making it easier for more Americans to open these accounts.
Health Savings Accounts: Brace Yourself for a Big Year
Source: Life Insurance Selling
Health Savings Accounts: Brace Yourself for a Big Year
Source: Life Insurance Selling
Permalink posted by armandn @ 7:59 AM
Penn Mutual Life Insurance Company Celebrates 160 Years
“In 1847, 18 merchants and businessmen gathered together to form The Penn Mutual Life Insurance Company,” said Robert Chappell, Chairman and CEO, Penn Mutual. “They believed that by forming this mutual life insurance company, they could provide more security for themselves and their families, and we are proud that the vision and mission that they established for the company 160 years ago still exists today.”
Throughout its history, Penn Mutual has remained at the vanguard of the mutual life insurance business and has proven time and again that it is a contemporary company, nimble and responsive enough to anticipate and fulfill consumers’ needs.
Penn Mutual Life Insurance Company Celebrates 160 Years
Source: Business Wire
Throughout its history, Penn Mutual has remained at the vanguard of the mutual life insurance business and has proven time and again that it is a contemporary company, nimble and responsive enough to anticipate and fulfill consumers’ needs.
Penn Mutual Life Insurance Company Celebrates 160 Years
Source: Business Wire
Permalink posted by armandn @ 7:54 AM
Friday, March 23, 2007
The Power of Using Annuities Inside Retirement Plan Accounts
Admittedly, annuities have come under a firestorm during the past few years. But while the arguments rage, mainstream media squawks, and attorneys clamor, annuities nevertheless offer fundamental features and benefits that cannot be overlooked or matched by other equity-based investments, such as mutual funds.
The Power of Using Annuities Inside Retirement Plan Accounts
Source: Life Insurance Selling
The Power of Using Annuities Inside Retirement Plan Accounts
Source: Life Insurance Selling
Permalink posted by armandn @ 7:59 AM
Variable Annuities Survive and Thrive After Track Record of Struggles
Variable annuities are no strangers to controversy. VAs have been thrashed by many advisors as complex and expensive investment vehicles. Some analysts predicted withering sales ahead after peaking in 2000. But more than five years later VA products are proving they have the temerity to thrive under these unsympathetic conditions.
In spite of state and federal investigations Market Audit found that VA product purchases made by seniors through brokers or other investment professionals climbed to 57% in 2004 from 52% in 2003.
Variable Annuities Survive and Thrive After Track Record of Struggles
Source: Insurance News Net
In spite of state and federal investigations Market Audit found that VA product purchases made by seniors through brokers or other investment professionals climbed to 57% in 2004 from 52% in 2003.
Variable Annuities Survive and Thrive After Track Record of Struggles
Source: Insurance News Net
Permalink posted by armandn @ 7:58 AM
Financial Planning Shows Explosive International Growth
The growth of the financial planning profession overseas is in the fast lane, though there are some speed bumps, observers say.
Financial Planning Shows Explosive International Growth
Source: Investment News (subscription required)
Financial Planning Shows Explosive International Growth
Source: Investment News (subscription required)
Permalink posted by armandn @ 7:57 AM
AXA and BMPS Join Forces in the Italian Bancassurance and Pensions Market
AXA and BMPS announce today that they have reached an agreement for the establishment of a long-term strategic partnership in life and non-life bancassurance as well as pensions business.
"This partnership with AXA is a great opportunity to consolidate and further strengthen BMPS's position in the Italian bancassurance and pensions market," said Mr. Giuseppe Mussari, Chairman of BMPS. "I believe that BMPS's customer franchise coupled with AXA's global leadership in financial protection will result in a new leading player able to offer the best products and services, and to capture all opportunities in the Italian bancassurance and pensions market. Joining forces with AXA," Mr. Mussari added, "also paves the way for BMPS further international development."
AXA and BMPS Join Forces in the Italian Bancassurance and Pensions Market
Source: Yahoo! Finance
"This partnership with AXA is a great opportunity to consolidate and further strengthen BMPS's position in the Italian bancassurance and pensions market," said Mr. Giuseppe Mussari, Chairman of BMPS. "I believe that BMPS's customer franchise coupled with AXA's global leadership in financial protection will result in a new leading player able to offer the best products and services, and to capture all opportunities in the Italian bancassurance and pensions market. Joining forces with AXA," Mr. Mussari added, "also paves the way for BMPS further international development."
AXA and BMPS Join Forces in the Italian Bancassurance and Pensions Market
Source: Yahoo! Finance
Permalink posted by armandn @ 7:51 AM
Thursday, March 22, 2007
Penn Mutual Introduces Guaranteed Term 10-15-20 Life Insurance
The Penn Mutual Life Insurance Company (Penn Mutual), the country's second-oldest mutual life insurer, recently added Guaranteed Term 10-15-20 to its competitive line of life insurance and annuity products. Introduced to help consumers meet their immediate needs for financial protection and security with term insurance, the policy also provides them with options for permanent coverage in the future. All guarantees are based upon the claims-paying ability of the issuer.
Penn Mutual Introduces Guaranteed Term 10-15-20 Life Insurance
Source: Insurance News Net
Penn Mutual Introduces Guaranteed Term 10-15-20 Life Insurance
Source: Insurance News Net
Permalink posted by armandn @ 8:25 AM
One Third of Millionaires Still Advisor-Less
There are lots of reasons why competition for high-net-worth clients is heating up and a new survey by Fidelity just found another: Almost a third of the nation’s millionaires have no financial advisor. That’s certainly good news for advisors looking to take on more of the business’s most profitable clientele. In fact, according to the robust survey of 2,500 Americans with more than $1 million in investable assets (excluding real estate), 13% of them are looking to find a trusted advisor within the next year.
One Third of Millionaires Still Advisor-Less
Source: Financial Planning
One Third of Millionaires Still Advisor-Less
Source: Financial Planning
Permalink posted by armandn @ 8:23 AM
Prudential Financial Announces Strategic Partnership with the National LTC Network
Prudential Financial, Inc. announced today the signing of a sales partnership agreement with the National LTC Network, Inc., one of the leading long-term care insurance marketing organizations in the country. Throughout its 13-year history, the Network has committed itself to improving knowledge and awareness of long-term care issues and to promoting innovation in product design and distribution.
Prudential Financial Announces Strategic Partnership with the National LTC Network
Source: Yahoo! Finance
Prudential Financial Announces Strategic Partnership with the National LTC Network
Source: Yahoo! Finance
Permalink posted by armandn @ 8:21 AM
Wednesday, March 21, 2007
Insurance Regulation: Market or Government Failure?
More than 100 years ago, there was a shift in public sentiment towards increased regulatory oversight of large and concentrated industries that resulted from concern from potential monopoly harms. This regulatory oversight was innocuously justified as being in the public interest, and imposed on several industries, including railroads, telecommunications, trucking, insurance and airlines. Over the next fifty years, these regulations grew to include setting prices, approving market entry, and determining the services and markets to be served. Since the late 1970s, however, a wave of reform has led to a significant reduction in regulatory oversight in these industries, with one notable exception – the insurance industry – which remains largely regulated for consumer services.
Insurance Regulation: Market or Government Failure?
Source: American Consumer Institute
Insurance Regulation: Market or Government Failure?
Source: American Consumer Institute
Permalink posted by armandn @ 7:39 AM
Firms, Insurers Seek Delay on Universal Plan
Leaders of the business community and major health insurers called yesterday for the state to delay for two years, until July 2009, the requirement that all residents have health insurance that meets state standards.
A state board is scheduled to vote on the standards for basic coverage today. Under the state's universal health insurance law, all residents must have insurance by July 1, 2007, or pay a penalty next year, unless they obtain a waiver.
Firms, Insurers Seek Delay on Universal Plan
Source: Insurance News Net
A state board is scheduled to vote on the standards for basic coverage today. Under the state's universal health insurance law, all residents must have insurance by July 1, 2007, or pay a penalty next year, unless they obtain a waiver.
Firms, Insurers Seek Delay on Universal Plan
Source: Insurance News Net
Permalink posted by armandn @ 7:38 AM
Manulife Financial Ranks First for Canadians' Statements on Universal Life, Segregated Funds: DALBAR Survey
Manulife Financial is clearly a leader in providing Canadians with the best statements to help them understand their segregated fund and universal life plans, according to an industry survey by DALBAR Inc.
Manulife Financial's universal life statement was the only one designated as "excellent" in a cross-country review of nine industry statements that explain Canadians' universal life insurance policies. Manulife's universal life statement scored 83.79 compared to an industry average of 70.4.
Manulife Financial Ranks First for Canadians' Statements on Universal Life, Segregated Funds: DALBAR Survey
Source: Yahoo! Finance
Manulife Financial's universal life statement was the only one designated as "excellent" in a cross-country review of nine industry statements that explain Canadians' universal life insurance policies. Manulife's universal life statement scored 83.79 compared to an industry average of 70.4.
Manulife Financial Ranks First for Canadians' Statements on Universal Life, Segregated Funds: DALBAR Survey
Source: Yahoo! Finance
Permalink posted by armandn @ 7:35 AM
Tuesday, March 20, 2007
Americans Say a Secure Retirement Not Possible for Mid-Income Families
Nearly half of Americans don't believe it's possible for middle-income families to save for a secure retirement. Another 17 percent aren't sure, leaving only 37 percent believing middle-income families can save enough to live comfortably in retirement. That's according to a new survey by COUNTRY Insurance & Financial Services.
Americans Say a Secure Retirement Not Possible for Mid-Income Families
Source: PR Newswire
Americans Say a Secure Retirement Not Possible for Mid-Income Families
Source: PR Newswire
Permalink posted by armandn @ 7:37 AM
Good News About Retirement Savings
The results are in. Do-it-for-me retirement savings tools work. The Total View from the Principal Financial Group®, the nation’s 401(k) leader1 and total retirement solutions innovator, reports that the growing popularity of “do it for me” retirement plan tools like automatic enrollment, automatic deferral increases and lifecycle investment options are making a measurable difference in participation and savings.
Good News About Retirement Savings
Source: Business Wire
Good News About Retirement Savings
Source: Business Wire
Permalink posted by armandn @ 7:36 AM
Survey Data Reveal Stunning Lack of Awareness of Retirement "Saver's Credit"
According to recent survey data, very few American adults are aware of an existing tax credit designed to help low- to middle-income Americans build their retirement nest eggs. The survey, commissioned by the Transamerica Center for Retirement Studies ("The Center"), found that only 9 percent of American adults who fall within the credit's income eligibility requirements are familiar with it. With regard to the adults overall in the American public, only 16 percent are familiar with it.
Survey Data Reveal Stunning Lack of Awareness of Retirement "Saver's Credit"
Source: Insurance News Net
Survey Data Reveal Stunning Lack of Awareness of Retirement "Saver's Credit"
Source: Insurance News Net
Permalink posted by armandn @ 7:35 AM
Prudential Financial Dispels Common Tax Misconceptions in Series Gearted Towards Baby Boomers
Tax season is right around the corner, and while many Americans are focused on how to save money on this year's returns, they shouldn't lose sight of how tax decisions they make today can affect their retirement plans tomorrow. In response, Prudential Financial has developed a series of 12 frequently asked tax questions, along with responses from company subject matter experts. This week's question marks the eighth in a series that will run through Monday, April 16.
Prudential Financial Dispels Common Tax Misconceptions in Series Gearted Towards Baby Boomers
Source: Yahoo! Finance
Prudential Financial Dispels Common Tax Misconceptions in Series Gearted Towards Baby Boomers
Source: Yahoo! Finance
Permalink posted by armandn @ 7:34 AM
Monday, March 19, 2007
Conning Research: M&A Transactions Up in 2006; Values Expected to Rise in 2007-2008
Insurance industry mergers and acquisitions transactions increased in 2006 to the highest level since 2001 and may foreshadow an acceleration of activity into 2007-2008, according to a new study by Conning Research and Consulting, Inc.
Conning Research: M&A Transactions Up in 2006; Values Expected to Rise in 2007-2008
Source: PR Newswire
Conning Research: M&A Transactions Up in 2006; Values Expected to Rise in 2007-2008
Source: PR Newswire
Permalink posted by armandn @ 9:24 AM
John Hancock Number One Overall in 2006 Long Term Care Insurance Sales
John Hancock Life Insurance Company sold more long term care insurance than any other carrier in 2006, according to recent year-end surveys of long term care insurers by LIMRA International (LIMRA)(1). According to the surveys, John Hancock sold more than 86,000 policies/certificates through all its long term care insurance businesses.
John Hancock Number One Overall in 2006 Long Term Care Insurance Sales
Source: Yahoo! Finance
John Hancock Number One Overall in 2006 Long Term Care Insurance Sales
Source: Yahoo! Finance
Permalink posted by armandn @ 9:23 AM
MassMutual Launches New Advertising Campaign to Inspire Consumers to Take a Step Toward Meeting Life Insurance, Retirement Needs
MassMutual Financial Group today announced the launch of an innovative new advertising campaign, "Front of the Mind," that helps consumers move beyond just thinking about their financial future and actually taking action to begin meeting their financial goals.
MassMutual Launches New Advertising Campaign to Inspire Consumers to Take a Step Toward Meeting Life Insurance, Retirement Needs
Source: PR Newswire
MassMutual Launches New Advertising Campaign to Inspire Consumers to Take a Step Toward Meeting Life Insurance, Retirement Needs
Source: PR Newswire
Permalink posted by armandn @ 9:21 AM
The Ingredients for Success With Index UL
This is an opportune time to launch index universal life (IUL) insurance. Of course, compared to total universal life sales, IUL is still just a baby, having been in existence for only a decade and with sales at less than 10% of total UL sales industrywide. By comparison, traditional UL has been around for nearly 30 years and is now a mature fixed-rate product.
The Ingredients For Success With Index UL
Source: National Underwriter (subscription required)
The Ingredients For Success With Index UL
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 9:17 AM
Friday, March 16, 2007
Lincoln Agrees to $350M Buyback
Financial services provider Lincoln National Corp. said Thursday it agreed to buy $350 million in shares from a third-party dealer as part of a previously announced buyback program.
The company said it also bought 2.4 million shares for $161 million during the first quarter, leaving $2.14 billion in the authorization.
Lincoln Agrees to $350M Buyback
Source: Yahoo! Finance
The company said it also bought 2.4 million shares for $161 million during the first quarter, leaving $2.14 billion in the authorization.
Lincoln Agrees to $350M Buyback
Source: Yahoo! Finance
Permalink posted by armandn @ 10:13 AM
219 Plaintiffs Join Prudential Suit
The number of former and current employees suing The Prudential Insurance Company of America on discrimination, fraud and commercial bribery charges swelled to 236 from 17 following a judge's ruling Tuesday.
State Superior Court Judge Walter Koprowski granted permission for the plaintiffs' lawyers to amend their lawsuit to drop class-action claims and allow 219 individuals join as plaintiffs.
219 Plaintiffs Join Prudential Suit
Source: Insurance News Net
State Superior Court Judge Walter Koprowski granted permission for the plaintiffs' lawyers to amend their lawsuit to drop class-action claims and allow 219 individuals join as plaintiffs.
219 Plaintiffs Join Prudential Suit
Source: Insurance News Net
Permalink posted by armandn @ 10:11 AM
Standard & Poor's Lowers Ratings on Phoenix, Subsidiaries
The Phoenix Cos. Inc., pushing hard in turnaround efforts, got a bit of bad news Thursday - downgrades from Standard & Poor's Ratings Services.
S&P lowered its financial strength ratings on Phoenix operating subsidiaries from A to A-, which is still in the "strong financial security" category. But the company continues to have lower ratings than many competitors, which are AA or higher.
Standard & Poor's Lowers Ratings on Phoenix, Subsidiaries
Source: Courant.com
S&P lowered its financial strength ratings on Phoenix operating subsidiaries from A to A-, which is still in the "strong financial security" category. But the company continues to have lower ratings than many competitors, which are AA or higher.
Standard & Poor's Lowers Ratings on Phoenix, Subsidiaries
Source: Courant.com
Permalink posted by armandn @ 10:02 AM
Thursday, March 15, 2007
ING Introduces ROP Term Life Insurance
ING has introduced ING Return of Premium Term life insurance. Issued by ReliaStar Life Insurance Company, ING Return of Premium Term offers individuals valuable death-benefit protection from term life insurance with the ability to get all of their premiums back at the end of the policy's term (excluding flat extras).
"This type of term insurance appeals to people who are concerned about buying a product they think they may never need," said Jim Gelder, president of ING Life Distribution. "At the end of the level term period, they get back what they've paid for the policy. For many people, it is like buying a home versus renting an apartment."
ING Introduces ROP Term Life Insurance
Source: Insurance News Net
"This type of term insurance appeals to people who are concerned about buying a product they think they may never need," said Jim Gelder, president of ING Life Distribution. "At the end of the level term period, they get back what they've paid for the policy. For many people, it is like buying a home versus renting an apartment."
ING Introduces ROP Term Life Insurance
Source: Insurance News Net
Permalink posted by armandn @ 7:50 AM
Jackson Delivers Strong 2006 Performance, Generating GAAP Net Income of $542 Million
Jackson National Life Insurance Company® (Jackson) generated $3.7 billion in GAAP revenues and $542 million in GAAP net income during 2006 – the third consecutive year that the company’s net income has exceeded $500 million. Jackson achieved record sales of more than $11 billion, a 21-percent increase over 2005, and surpassed $74 billion in assets (GAAP)1 at the end of 2006.
Jackson Delivers Strong 2006 Performance, Generating GAAP Net Income of $542 Million
Source: Business Wire
Jackson Delivers Strong 2006 Performance, Generating GAAP Net Income of $542 Million
Source: Business Wire
Permalink posted by armandn @ 7:49 AM
Multicultural Agents Launch "One Voice Insurance Services" to Give Minorities Easy Access to Health, Life Insurance in California
A former industry executive and a network of leading multicultural agents later this week will launch One Voice Insurance Services, an online portal designed to provide minority consumers and business owners with in-language and culturally relevant information about health and life insurance products in California.
Through its online portal, www.onevoiceinsuranceservices.com, consumers will now be able to access the network of independent agents throughout California that will provide health and life insurance information in English, Spanish, Mandarin Chinese, Cantonese, Korean and the Persian language of Farsi. Agents who speak Vietnamese and Tagalog are expected to join the network in April. Other languages will be added as the market need grows.
Multicultural Agents Launch "One Voice Insurance Services" to Give Minorities Easy Access to Health, Life Insurance in California
Source: Business Wire
Through its online portal, www.onevoiceinsuranceservices.com, consumers will now be able to access the network of independent agents throughout California that will provide health and life insurance information in English, Spanish, Mandarin Chinese, Cantonese, Korean and the Persian language of Farsi. Agents who speak Vietnamese and Tagalog are expected to join the network in April. Other languages will be added as the market need grows.
Multicultural Agents Launch "One Voice Insurance Services" to Give Minorities Easy Access to Health, Life Insurance in California
Source: Business Wire
Permalink posted by armandn @ 7:47 AM
Wednesday, March 14, 2007
Prudential Financial Informs Consumers on Preparing for the Increasing Costs of Long-Term Care
A new set of tools set to be released by Prudential Financial, Inc. will help consumers make more informed decisions about their long-term care needs. Prudential's Long-Term Care Cost of Care research report reveals that nursing home costs can reach between $165,000 and $185,000 for the average two to three year stay - exceeding the net worth of many elderly Americans. Additionally, home healthcare services, the preferred method of care for most Americans, can cost close to $34 an hour for a home health aide and over $100 an hour for a licensed nurse practitioner. As a result, long-term care recipients may be faced with a real dilemma and forced to become dependent on family members or government programs.
Prudential Financial Informs Consumers on Preparing for the Increasing Costs of Long-Term Care
Source: Yahoo! Finance
Prudential Financial Informs Consumers on Preparing for the Increasing Costs of Long-Term Care
Source: Yahoo! Finance
Permalink posted by armandn @ 9:30 AM
Better CD Rates, Regulatory Ruckus Cause Drop in Equity-Indexed Annuity Sales
Fourth-quarter 2006 sales of index annuities in the United States declined about 8% to $6 billion from the same quarter a year ago, while overall 2006 sales were down 7% from 2005, according to Advantage Compendium, a firm that tracks the data.
Better CD Rates, Regulatory Ruckus Cause Drop in Equity-Indexed Annuity Sales
Source: A.M. Best (subscription required)
Better CD Rates, Regulatory Ruckus Cause Drop in Equity-Indexed Annuity Sales
Source: A.M. Best (subscription required)
Permalink posted by armandn @ 9:29 AM
AG Sues Insurance Companies
Texas Attorney General Greg Abbott has filed a lawsuit against an Austin-based insurance company and three Dallas-based insurance companies for allegedly defrauding consumers who purchased credit insurance policies to protect vehicle financing.
The companies named in the suit are Austin's Resource Life Insurance Co. and American Heritage Life Insurance Co., Protective Life Insurance Co. and Old United Life Insurance Co. out of Dallas. Representatives of the companies able to discuss the suit could not immediately be reached for comment.
AG Sues Insurance Companies
Source: Biz Journals
The companies named in the suit are Austin's Resource Life Insurance Co. and American Heritage Life Insurance Co., Protective Life Insurance Co. and Old United Life Insurance Co. out of Dallas. Representatives of the companies able to discuss the suit could not immediately be reached for comment.
AG Sues Insurance Companies
Source: Biz Journals
Permalink posted by armandn @ 9:27 AM
Annuities Complaint Sends Up a Red Flag
Stanley and Elinor Weisman ate a free Ritz-Carlton meal at a financial seminar with other retirees, and also swallowed the sales pitch.
It went like this: Their money would be safe. They could withdraw part of it every year if they needed, and the $600 monthly income would help pay living expenses for the fixed-income seniors.
But when the monthly checks didn't come and Stanley Weisman was hospitalized, the couple discovered it would be years before they could touch their $100,000 investment without a substantial penalty.
Annuities Complaint Sends Up a Red Flag
Source: HeraldTribune.com
It went like this: Their money would be safe. They could withdraw part of it every year if they needed, and the $600 monthly income would help pay living expenses for the fixed-income seniors.
But when the monthly checks didn't come and Stanley Weisman was hospitalized, the couple discovered it would be years before they could touch their $100,000 investment without a substantial penalty.
Annuities Complaint Sends Up a Red Flag
Source: HeraldTribune.com
Permalink posted by armandn @ 9:24 AM
Tuesday, March 13, 2007
Resources for Caregivers 2007 Available Free from the MetLife Mature Market Institute
The MetLife Mature Market Institute and the National Alliance for Caregiving, in cooperation with the National Association of Area Agencies on Aging (n4A), have released a publication aimed at making life a little easier for the legions of Americans caring for a sick or disabled friend or relative.
Resources for Caregivers 2007 Available Free from the MetLife Mature Market Institute
Source: Yahoo! Finance
Resources for Caregivers 2007 Available Free from the MetLife Mature Market Institute
Source: Yahoo! Finance
Permalink posted by armandn @ 11:15 AM
Fort Dearborn Life Insurance Company Announces S&P Rating Upgrade
Fort Dearborn Life Insurance Company today announced that Standard & Poor's (S&P) Rating Services raised its counterparty credit and financial strength ratings to A+ Strong) from A (Strong).
Fort Dearborn Life Insurance Company Announces S&P Rating Upgrade
Source: PR Newswire
Fort Dearborn Life Insurance Company Announces S&P Rating Upgrade
Source: PR Newswire
Permalink posted by armandn @ 11:13 AM
A Look Into the LTC-Linked Annuity Market
The passage of the Pension Protection Act (PPA) has injected new life into the languishing stand-alone long-term care (LTC) insurance market by paving the way for a new breed of products known as the Annuity / Insurance-LTC Combos.
A major benefit of PPA is the tax-free funding for LTC benefits bundled as riders with these life insurance and annuity products. Prior to Bush’s reform bill, this funding was subject to taxes. But in 2010, the premiums for all new and in-force life insurance and annuity LTC combo policies will no longer be taxable.
A Look Into the LTC-Linked Annuity Market
Source: Insurance News Net
A major benefit of PPA is the tax-free funding for LTC benefits bundled as riders with these life insurance and annuity products. Prior to Bush’s reform bill, this funding was subject to taxes. But in 2010, the premiums for all new and in-force life insurance and annuity LTC combo policies will no longer be taxable.
A Look Into the LTC-Linked Annuity Market
Source: Insurance News Net
Permalink posted by armandn @ 11:12 AM
The Principal Financial Group Gives Bank Partners the Edge in Fixed Annuity Sales
The Principal Financial Group, the nation's 401(k) leader(1) and total retirement solutions innovator, has expanded training and support to give financial professionals at banks and credit unions an edge in growing their fixed annuity business in the strong competition for baby boomer assets. New annuity training modules, personalized marketing materials, dedicated sales support and a full range of annuity products are now available for banking partners.
The Principal Financial Group Gives Bank Partners the Edge in Fixed Annuity Sales
Source: Insurance News Net
The Principal Financial Group Gives Bank Partners the Edge in Fixed Annuity Sales
Source: Insurance News Net
Permalink posted by armandn @ 11:10 AM
Monday, March 12, 2007
John Hancock 2006 Variable Annuity Sales in Bank Channel Set Record of $1.28 Billion
John Hancock Financial Services said today that full year sales of variable annuities in the bank channel reached a record $1.28 billion in 2006, up from $1.0 billion in 2005, itself a record year. This full year increase of 28% marks the third consecutive year John Hancock has achieved record bank sales of variable annuities while operating in a very dynamic and competitive marketplace.
John Hancock 2006 Variable Annuity Sales in Bank Channel Set Record of $1.28 Billion
Source: Insurance News Net
John Hancock 2006 Variable Annuity Sales in Bank Channel Set Record of $1.28 Billion
Source: Insurance News Net
Permalink posted by armandn @ 10:23 AM
Prudential Annuities Announces Enhancements to Highest Daily Lifetime Five
Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. today announced enhancements to Highest Daily Lifetime Five, a variable annuity optional living benefit that guarantees, subject to the program rules, a five percent income stream every year for life based on the highest of each daily account value grown at five percent annual compounded growth to the date of the first withdrawal.
Prudential Annuities Announces Enhancements to Highest Daily Lifetime Five
Source: Yahoo! Finance
Prudential Annuities Announces Enhancements to Highest Daily Lifetime Five
Source: Yahoo! Finance
Permalink posted by armandn @ 10:21 AM
LPL Buys Three Pac Life Broker-Dealers
Linsco/Private Ledger Corp. (LPL Financial Services), announced this week that it will acquire three of Pacific Life Insurance Company’s broker-dealers--Mutual Service Corporation, Associated Financial Group, and Waterstone Financial Group. Collectively, these broker-dealers boast 2,200 financial advisors serving retail clients and $353 million in revenues. The deal increases LPL’s independent financial advisors to 9,900 nationwide. Pacific Life will retain ownership of its other broker-dealers, M.L. Stern & Co. and United Planners’ Financial Services of America.
LPL Buys Three Pac Life Broker-Dealers
Source: Financial-Planning.com
LPL Buys Three Pac Life Broker-Dealers
Source: Financial-Planning.com
Permalink posted by armandn @ 10:13 AM
New Battle Over Reform of Americans' 401(k)
Insurance companies and mutual-fund firms are locking horns over rules that will determine where millions of Americans' retirement money will be invested.
At issue: which types of investments should receive the government's blessing as appropriate for those participants in 401(k) retirement plans who decline to choose for themselves where to invest, leaving the matter to their employers.
New Battle Over Reform of Americans' 401(k)
Source: Wall Street Journal (subscription required)
At issue: which types of investments should receive the government's blessing as appropriate for those participants in 401(k) retirement plans who decline to choose for themselves where to invest, leaving the matter to their employers.
New Battle Over Reform of Americans' 401(k)
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 10:10 AM
New Battle Over Reform of Americans' 401(k)
Insurance companies and mutual-fund firms are locking horns over rules that will determine where millions of Americans' retirement money will be invested.
At issue: which types of investments should receive the government's blessing as appropriate for those participants in 401(k) retirement plans who decline to choose for themselves where to invest, leaving the matter to their employers.
New Battle Over Reform of Americans' 401(k)
Source: Wall Street Journal (subscription required)
At issue: which types of investments should receive the government's blessing as appropriate for those participants in 401(k) retirement plans who decline to choose for themselves where to invest, leaving the matter to their employers.
New Battle Over Reform of Americans' 401(k)
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 10:10 AM
Thursday, March 08, 2007
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent, mitigate and recover from terrorist incidents and other potentially catastrophic events.
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Source: Insurance Journal
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Source: Insurance Journal
Permalink posted by armandn @ 7:15 AM
Fund Firms Add Products to Attract Sophisticated Investors
The U.S. asset-management market is maturing, creating a fight for customers and assets that analysts say is likely to blur lines between institutional and retail investing styles.
"We're seeing a lot of companies that used to focus almost solely on mutual funds start to make more moves into the institutional side of the market," said Karen Remmele, a senior analyst at Cerulli Associates, which tracks asset managers.
The result is that investors in coming years can expect to find more alternative types of funds in their retirement plans. These include different types of hard assets such as commodities and real estate, as well as greater use of hedge-like strategies.
Fund Firms Add Products to Attract Sophisticated Investors
Source: Yahoo! Finance
"We're seeing a lot of companies that used to focus almost solely on mutual funds start to make more moves into the institutional side of the market," said Karen Remmele, a senior analyst at Cerulli Associates, which tracks asset managers.
The result is that investors in coming years can expect to find more alternative types of funds in their retirement plans. These include different types of hard assets such as commodities and real estate, as well as greater use of hedge-like strategies.
Fund Firms Add Products to Attract Sophisticated Investors
Source: Yahoo! Finance
Permalink posted by armandn @ 7:14 AM
House Tackles 401(k) Fee Disclosure
A political push for greater disclosure of fees in 401(k) retirement savings plans gathered steam Tuesday, as an influential Democratic lawmaker said he planned to shine light on whether an array of service firms were "dipping into other people's money" without good cause.
"We have to ask whether all these fees are necessary, and we have to examine whether they are undermining workers' retirement security," said Rep. George Miller (D-Martinez), chairman of the House Education and Labor Committee.
A committee hearing Tuesday focused in part on the lack of information available to many workers about the fees that are automatically charged to their 401(k) accounts.
House Tackles 401(k) Fee Disclosure
Source: LA Times
"We have to ask whether all these fees are necessary, and we have to examine whether they are undermining workers' retirement security," said Rep. George Miller (D-Martinez), chairman of the House Education and Labor Committee.
A committee hearing Tuesday focused in part on the lack of information available to many workers about the fees that are automatically charged to their 401(k) accounts.
House Tackles 401(k) Fee Disclosure
Source: LA Times
Permalink posted by armandn @ 7:13 AM
Individual Life Sales Up 7% in 2006: LIMRA
U.S. individual life insurance sales rose 7% in new annualized premium in 2006, compared to the year before, according to a survey by LIMRA International.
Total face amount sold in 2006 rose by 4% over 2005, while the total number of new policies sold declined by 1%, according to LIMRA, Windsor, CT.
Individual Life Sales Up 7% in 2006: LIMRA
Source: National Underwriter (subscription required)
Total face amount sold in 2006 rose by 4% over 2005, while the total number of new policies sold declined by 1%, according to LIMRA, Windsor, CT.
Individual Life Sales Up 7% in 2006: LIMRA
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 7:11 AM
Wednesday, March 07, 2007
Nationwide's Steven Schreibman on Advertising and the Super Bowl, Touring with K-Fed.
In the escalating battle among insurance advertisers, Nationwide has emerged as one of the nation's most creative and aggressive practitioners. Their "Life Comes at You Fast" campaign has drawn attention for unusual uses of celebrities such as Fabio and Kevin Federline. Steven Schreibman of Nationwide recently discussed the campaign, what it takes to roll out a national effort and some of the behind-the-scenes excitement with Lynna Goch, managing editor of Best's Review magazine.
Nationwide's Steven Schreibman on Advertising and the Super Bowl, Touring with K-Fed.
Source: A.M. Best (subscription required)
Nationwide's Steven Schreibman on Advertising and the Super Bowl, Touring with K-Fed.
Source: A.M. Best (subscription required)
Permalink posted by armandn @ 7:09 AM
Principal Revs Up NASCAR Sponsorship
A large insurer is paying to put its name on more fast cars.
Principal Financial Group Inc., Des Moines, Iowa, says it will be sponsoring a Chevrolet car co-driven by Mark Martin and Regan Smith during 2 more races during the upcoming NASCAR season.
Principal Revs Up NASCAR Sponsorship
Source: National Underwriter (subscription required)
Principal Financial Group Inc., Des Moines, Iowa, says it will be sponsoring a Chevrolet car co-driven by Mark Martin and Regan Smith during 2 more races during the upcoming NASCAR season.
Principal Revs Up NASCAR Sponsorship
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 7:07 AM
Sales for Canada's First Guaranteed Minimum Withdrawal Benefit Product
Manulife Investments has broken through the one billion dollar sales milestone just 19 weeks after introducing Canada's first Guaranteed Minimum Withdrawal Benefit (GMWB) product.
IncomePlus, launched in Canada, October 23, 2006 by Manulife Investments as a new retirement solution, provides guaranteed monthly payments independent of when an investor retires in the market cycle, as well as growth potential, flexibility and control.
Sales for Canada's First Guaranteed Minimum Withdrawal Benefit Product
Source: Yahoo! Finance
IncomePlus, launched in Canada, October 23, 2006 by Manulife Investments as a new retirement solution, provides guaranteed monthly payments independent of when an investor retires in the market cycle, as well as growth potential, flexibility and control.
Sales for Canada's First Guaranteed Minimum Withdrawal Benefit Product
Source: Yahoo! Finance
Permalink posted by armandn @ 7:06 AM
Tuesday, March 06, 2007
Life Insurers Expand Offerings for Elderly
Medical advances and growing life expectancies are having an unexpected side effect: easier access to life insurance.
Once, insurers would shun people who were older than 65 or 70, and deny or charge substantially higher rates to anyone who had serious illnesses like cancer or heart disease. But increasingly, companies are expanding their offerings, amid evidence that even elderly and sick people are living longer and can still be a good financial bet.
Life Insurers Expand Offerings for Elderly
Source: Wall Street Journal (subscription required)
Once, insurers would shun people who were older than 65 or 70, and deny or charge substantially higher rates to anyone who had serious illnesses like cancer or heart disease. But increasingly, companies are expanding their offerings, amid evidence that even elderly and sick people are living longer and can still be a good financial bet.
Life Insurers Expand Offerings for Elderly
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 9:35 AM
John Hancock Ranks Number One in Life Insurance Sales in 2006
John Hancock led the industry in total individual life insurance sales in 2006, according to a recent survey of 78 major life insurers by LIMRA International (LIMRA).
According to LIMRA, John Hancock's sales reached $735 million in total annualized premium in 2006, an increase of almost 20 percent in 2006, while industry sales grew 6.6 percent. John Hancock moved into the top spot in 2006 after finishing at number 3 in 2005 and number 5 in 2004.
John Hancock Ranks Number One in Life Insurance Sales in 2006
Source: PR Newswire
According to LIMRA, John Hancock's sales reached $735 million in total annualized premium in 2006, an increase of almost 20 percent in 2006, while industry sales grew 6.6 percent. John Hancock moved into the top spot in 2006 after finishing at number 3 in 2005 and number 5 in 2004.
John Hancock Ranks Number One in Life Insurance Sales in 2006
Source: PR Newswire
Permalink posted by armandn @ 9:34 AM
Sun Life Financial Pioneers Income ON Demand the Annuity Industry's
Responding to the needs of Baby Boomers for more flexible annuity income, the U.S. division of Sun Life Financial today announced the launch of Income ON Demand, the industry's first-ever Income Storage Benefit (ISB). Available for an additional cost with most Sun Life Financial Masters® variable annuities today, this patent-pending Income ON Demand option complements boomers' investment strategies of accumulating wealth by allowing them to defer part or all of the annual withdrawals permitted under the benefit and to "store" those withdrawals in the contract for future use.
Sun Life Financial Pioneers Income ON Demand the Annuity Industry's
Source: Yahoo! Finance
Sun Life Financial Pioneers Income ON Demand the Annuity Industry's
Source: Yahoo! Finance
Permalink posted by armandn @ 9:32 AM
Northwestern Mutual Still 'America's Most Admired'
On the heels of its 150th birthday, Northwestern Mutual has received some more great news - as it has again been named "America's Most Admired" life/health insurer in FORTUNE's annual survey. Northwestern Mutual is the only company to lead its industry every year it has been included in the FORTUNE survey of industry professionals and analysts - 24 years and counting.
Northwestern Mutual, founded in 1857, just celebrated its 150th anniversary on March 2. All "America's Most Admired" industry rankings are featured in FORTUNE magazine's March 19 edition, available on newsstands March 5.
Northwestern Mutual Still 'America's Most Admired'
Source: PR Newswire
Northwestern Mutual, founded in 1857, just celebrated its 150th anniversary on March 2. All "America's Most Admired" industry rankings are featured in FORTUNE magazine's March 19 edition, available on newsstands March 5.
Northwestern Mutual Still 'America's Most Admired'
Source: PR Newswire
Permalink posted by armandn @ 9:30 AM
Monday, March 05, 2007
Afraid of the NASD's Suitability Rules of Variable Annuities?
Ecumen, Minnesota's largest non-profit senior housing company, today released their Age Wave Study, the largest ever conducted of Minnesota baby boomers and their views on longevity, images of aging, technology, independence, housing and more.
Among the multitude of findings are that Minnesota baby boomers (age 42-60) want more public policy, personal finance and technological options to help them maintain independence and stay in their own home even if it means raising their taxes.
Afraid of the NASD's Suitability Rules of Variable Annuities?
Source: Insurance News Net
Among the multitude of findings are that Minnesota baby boomers (age 42-60) want more public policy, personal finance and technological options to help them maintain independence and stay in their own home even if it means raising their taxes.
Afraid of the NASD's Suitability Rules of Variable Annuities?
Source: Insurance News Net
Permalink posted by armandn @ 7:43 AM
Asking Questions Essential In Choosing Financial Adviser
How can you be sure your financial adviser will be on your side?
There are two truths to remember, said Sheryl Garrett, head of an international network of financial advisers, the Garrett Planning Network. First, "nobody will watch out for your backside." And, "everyone wants to part you from your money."
Her "trust-no-one-until-they-earn-it" attitude leads to a few questions you should ask a financial adviser:
How and how much are you paid? Advisers are compensated either through a fee paid by you or a commission paid by a company for selling its product, such as an insurance policy. Or the adviser can receive a combination of fees and commissions.
Asking Questions Essential In Choosing Financial Adviser
Source: Chicago Tribune
There are two truths to remember, said Sheryl Garrett, head of an international network of financial advisers, the Garrett Planning Network. First, "nobody will watch out for your backside." And, "everyone wants to part you from your money."
Her "trust-no-one-until-they-earn-it" attitude leads to a few questions you should ask a financial adviser:
How and how much are you paid? Advisers are compensated either through a fee paid by you or a commission paid by a company for selling its product, such as an insurance policy. Or the adviser can receive a combination of fees and commissions.
Asking Questions Essential In Choosing Financial Adviser
Source: Chicago Tribune
Permalink posted by armandn @ 7:41 AM
MIB Life Index Reports North American Life Insurance Activity Down 7.4% in January
North American application activity for individually underwritten life insurance declined -7.4% in January year-over-year, according to the MIB Life Index(SM). Applications were off -3.3% when compared to December 2006. Historically, January activity has lagged that of the previous December in five of the last six years.
MIB Life Index Reports North American Life Insurance Activity Down 7.4% in January
Source: Insurance News Net
MIB Life Index Reports North American Life Insurance Activity Down 7.4% in January
Source: Insurance News Net
Permalink posted by armandn @ 7:39 AM
Friday, March 02, 2007
Nationwide Financial Improves Its Best-Selling ULtimate Universal Life Policy
Evolving client needs and preferences have made no-lapse guarantee universal life insurance products one of the top sellers in the industry, and the Nationwide ULtimate Universal Life(SM) product has been a runaway hit since its launch in June 2006. Now, it's even better.
Nationwide Financial Improves Its Best-Selling ULtimate Universal Life Policy
Source: Yahoo! Finance
Nationwide Financial Improves Its Best-Selling ULtimate Universal Life Policy
Source: Yahoo! Finance
Permalink posted by armandn @ 5:58 AM
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
U.S. sales of fixed annuities fell to an estimated $16.5 billion in fourth quarter, 2006, a decrease of 15.7% from the previous quarter and 1.1% from fourth quarter, 2005. On a calendar year basis, estimated sales of $70.9 billion were 3.3% below 2005, according to new data from the Beacon Research Fixed Annuity Premium Study based on sales of 48 insurance companies. By product type, estimated annual sales in 2006 were: book value - $30.2 billion, indexed - $25 billion, market value-adjusted (MVA) - $9.6 billion, and immediate - $6.1 billion. These estimates reflect declines in all product types except MVA annuities, which grew 71.3%. However, estimated sales of these products decreased 21.7% from the prior quarter.
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
Source: Insurance News Net
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
Source: Insurance News Net
Permalink posted by armandn @ 5:56 AM
MetLife Issues 2006 Annual Report
MetLife, Inc. announced today that its annual report on Form 10-K for the fiscal year ended December 31, 2006 has been filed with the U.S. Securities and Exchange Commission (SEC). The annual report may be accessed on MetLife's Web site at http://investor.metlife.com and at the Web site of the SEC at http://www.sec.gov.
MetLife Issues 2006 Annual Report
Permalink posted by armandn @ 5:54 AM
Thursday, March 01, 2007
Free financial planning with no strings attached
Americans could all benefit from financial advice, but most don't want or can't afford to pay for it. But free assistance from financial planners -- who ordinarily may charge $150 or more per hour -- is available to just about anyone.
Thousands of financial planners nationwide spend anywhere from a few hours a year to a few hours a month participating in seminars, clinics and even one-on-one consultations without charging a dime...
Bankrate: Free financial planning with no strings attached
Thousands of financial planners nationwide spend anywhere from a few hours a year to a few hours a month participating in seminars, clinics and even one-on-one consultations without charging a dime...
Bankrate: Free financial planning with no strings attached
Permalink posted by MarkW @ 10:04 AM
AIG American General Acquires Matrix Direct, Inc., a Leading Direct Marketer of Life Insurance, from Protective Life Corporation
American General Life Insurance Company, a wholly owned subsidiary of American International Group, Inc. (AIG), announced today that it acquired Matrix Direct, Inc., a leading direct marketer of term life insurance, from Protective Life Corporation. Matrix Direct will become part of the domestic life insurance operations of AIG, which operate under the marketing name “AIG American General.”
AIG American General Acquires Matrix Direct, Inc., a Leading Direct Marketer of Life Insurance, from Protective Life Corporation
Source: Business Wire
AIG American General Acquires Matrix Direct, Inc., a Leading Direct Marketer of Life Insurance, from Protective Life Corporation
Source: Business Wire
Permalink posted by armandn @ 7:55 AM
MetLife Announces New $1 Billion Stock Repurchase
MetLife, Inc. today announced that its board of directors has authorized an additional $1 billion common stock repurchase program. This program will begin after the completion of an earlier $1 billion repurchase program that was announced on October 26, 2004, of which $208 million currently remains.
MetLife Announces New $1 Billion Stock Repurchase
Source: Yahoo! Finance
MetLife Announces New $1 Billion Stock Repurchase
Source: Yahoo! Finance
Permalink posted by armandn @ 7:53 AM
Selling Without Pressure
Life insurance brokers that prospect through their Web sites and represent many insurers have carved a solid niche in term-life sales over the past decade. Most observers would agree they have changed the way insurance is sold, at least to a segment of the population, by making pricing more transparent.
Selling Without Pressure
Source: A.M. Best (subscription required)
Selling Without Pressure
Source: A.M. Best (subscription required)
Permalink posted by armandn @ 7:52 AM
Retirement Saving Made Easy
Saving for retirement is about to get a whole lot simpler -- so simple, in fact, that in the near future about the only thing you'll have to do to keep your retirement saving on track is show up for work. What has changed? Landmark legislation that Congress passed last year encourages employers to enroll workers in a 401(k) automatically, increase employee contributions automatically each year and automatically invest the money in the stock market, which offers the greatest potential for long-term growth.
Retirement Saving Made Easy
Source: Yahoo! Finance
Retirement Saving Made Easy
Source: Yahoo! Finance
Permalink posted by armandn @ 7:51 AM
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