Friday, June 29, 2007
Survey Shows Cost of Healthcare Remains Top Employer Concern But Employees Say Retirement Security Is Their Top Priority
The 13th Annual Top Five Total Rewards Priorities Survey, conducted by Deloitte Consulting LLP and the International Society of Certified Employee Benefit Specialists (ISCEBS), revealed that healthcare costs was again the number one concern of human resources professionals included in the study. The survey asks 422 benefit specialists to respond as representatives of their employers as well as express their personal priorities, viewed from their perspective as employees.
Survey Shows Cost of Healthcare Remains Top Employer Concern But Employees Say Retirement Security Is Their Top Priority
Source: Insurance News Net
Survey Shows Cost of Healthcare Remains Top Employer Concern But Employees Say Retirement Security Is Their Top Priority
Source: Insurance News Net
Permalink posted by armandn @ 5:49 AM 
Conseco to Record Additional Expense Related to Litigation Settlement
Conseco, Inc. announced today that it expects to record additional pre-tax expense of approximately $35 million in the quarter ending June 30, 2007, related to the proposed settlement in the class action litigation case referred to as "In Re Conseco Life Insurance Company Cost of Insurance Litigation." The Company had previously recorded pre-tax expense of approximately $215 million related to this litigation and proposed settlement.
Conseco to Record Additional Expense Related to Litigation Settlement
Source: PR Newswire
Conseco to Record Additional Expense Related to Litigation Settlement
Source: PR Newswire
Permalink posted by armandn @ 5:48 AM
Forget Florida: Central America the New Hot Spot for Retirees
If you travel regularly, it happens eventually. You'll be in another country, lying on a white, sandy beach or strolling through some charming village, when you turn to your significant other and say, "I could stay here for the rest of my life."
The idea seems tantalizingly exotic, an elaborate scheme to be hatched over dinner while on vacation -- only to be discarded and forgotten upon return to the workday world.
However, the dream may not be unrealistic at all. In fact, many Central American countries are betting U.S. baby boomers will be the generation that globalizes retirement.
Forget Florida: Central America the New Hot Spot for Retirees
Source: TheStreet.com
The idea seems tantalizingly exotic, an elaborate scheme to be hatched over dinner while on vacation -- only to be discarded and forgotten upon return to the workday world.
However, the dream may not be unrealistic at all. In fact, many Central American countries are betting U.S. baby boomers will be the generation that globalizes retirement.
Forget Florida: Central America the New Hot Spot for Retirees
Source: TheStreet.com
Permalink posted by armandn @ 5:44 AM
Single Premium Versus Flexible Premium Annuities: Which is Better?
Here’s a question for you: Will most deferred annuity buyers opt for (a) a single premium contract; or (b) a flexible premium contract?
If you answered (b), you’re quite right--and you get an ‘A’ from us.
If you answered wrong—or you’re just clueless—here’s the inside scoop. For starters, experts say, many folks who are looking to buy an annuity simply don’t have all the cold hard cash needed to fund the product all at once. This is particularly true of younger boomers who are a long way from fully funding their nest eggs and they have other financial obligations to meet.
Single Premium Versus Flexible Premium Annuities: Which is Better?
Source: Annuity Sales Buzz
If you answered (b), you’re quite right--and you get an ‘A’ from us.
If you answered wrong—or you’re just clueless—here’s the inside scoop. For starters, experts say, many folks who are looking to buy an annuity simply don’t have all the cold hard cash needed to fund the product all at once. This is particularly true of younger boomers who are a long way from fully funding their nest eggs and they have other financial obligations to meet.
Single Premium Versus Flexible Premium Annuities: Which is Better?
Source: Annuity Sales Buzz
Permalink posted by armandn @ 5:42 AM
Thursday, June 28, 2007
Farmers Insurance Life Policies Now eSigned with Interlink Electronics Solution
Interlink Electronics esignature solution empowers Farmers Insurance to capture legally-binding esignatures on life insurance policies. Using the IntegriSign® esignature software and ePad™-ink, Farmers agents can immediately submit the completed and esigned forms to head-office for processing. With more than 8,000 now being utilized within Farmers, this completely electronic solution is one of the industry’s largest and most successful implementations of electronic signatures to date.
Farmers Insurance Life Policies Now eSigned with Interlink Electronics Solution
Source: Business Wire
Farmers Insurance Life Policies Now eSigned with Interlink Electronics Solution
Source: Business Wire
Permalink posted by armandn @ 11:35 AM
John Hancock Annuities Honored for Communications Excellence
John Hancock Annuities won "Best in Show" for its Variable Annuity sales kit, in the category of Producer/Agent Marketing Sales Promotion, at the 2007 Insurance Marketing Communications Association (IMCA) showcase competition and awards gala, held in Newport, Rhode Island in early June.
John Hancock Annuities Honored for Communications Excellence
Source: Yahoo! Finance
John Hancock Annuities Honored for Communications Excellence
Source: Yahoo! Finance
Permalink posted by armandn @ 11:34 AM
How to Protect Your Retirement Nest Egg
There's probably no faster way to lose your money in retirement than on health-care costs. Sure, Medicare for those of you over age 65 will pay for a lot. And for those who are truly in the lowest income bracket, Medicaid will pick up the cost of long-term care. But think about it: Do you really think the government will be able to finance the cost of nursing-home care for all of the Baby Boomers who haven't adequately prepared for retirement? I seriously doubt it.
How to Protect Your Retirement Nest Egg
Source: MorningStar.com
How to Protect Your Retirement Nest Egg
Source: MorningStar.com
Permalink posted by armandn @ 11:32 AM
John Hancock Launches Newly Enhanced Corporate Solutions Program for Multi-Life Long Term Care Insurance Market
John Hancock Life Insurance Company has launched an enhanced version of its turnkey long term care (LTC) insurance program for the small and mid-sized business market (companies with 10 - 3,000 employees). Called Corporate Solutions, the program features a new product platform, a streamlined sales process and enhanced marketing and sales support. The new Corporate Solutions multi-life program is a simplified underwriting program for employer-sponsored individual retail long term care insurance sales.
John Hancock Launches Newly Enhanced Corporate Solutions Program for Multi-Life Long Term Care Insurance Market
Source: PR Newswire
John Hancock Launches Newly Enhanced Corporate Solutions Program for Multi-Life Long Term Care Insurance Market
Source: PR Newswire
Permalink posted by armandn @ 11:28 AM
Wednesday, June 27, 2007
More Acquisitions for the Insurance Industry
Mergers and acquisitions have become the norm in the insurance industry, and two recent acquisitions prove this. More than a month after Boston-based Liberty Mutual Group announced its acquisition of Fairfield, Ohio-based Ohio Casualty Corp. for $44 per share in cash, Wells Fargo Insurance Services Inc., a subsidiary of San Francisco-based Wells Fargo & Co., announces it will acquire Universal Insurance Services Inc., Grand Rapids, Mich. The acquisition is expected to close July 1, 2007, according to Wells Fargo.
More Acquisitions for the Insurance Industry
Source: Insurance Networking News
More Acquisitions for the Insurance Industry
Source: Insurance Networking News
Permalink posted by armandn @ 7:40 AM
I.I.I. Offers Tips On Finding a Lost or Unclaimed Life Insurance Policy
Survivors who believe a recently deceased family member or friend may have purchased a life insurance policy without telling anyone, or having secured the proper documentation, can take a number of steps to investigate whether such a policy exists, according to the Insurance Information Institute (I.I.I.).
I.I.I. Offers Tips On Finding a Lost or Unclaimed Life Insurance Policy
Source: Insurance News Net
I.I.I. Offers Tips On Finding a Lost or Unclaimed Life Insurance Policy
Source: Insurance News Net
Permalink posted by armandn @ 7:38 AM
ING and UCONN Will Strengthen Partnership
ING Group, which employs more than 2,000 people in Hartford, and the University of Connecticut will announce Thursday they are expanding a broad partnership that will include ING hiring more of the university's graduates.
The Dutch financial services company will name UConn a "first priority school," the first such designation ING has given to a college or university in either North or South America. The designation is a new initiative ING is developing around the world to capture the most promising students as future employees.
ING and UCONN Will Strengthen Partnership
Source: Hartford Courant
The Dutch financial services company will name UConn a "first priority school," the first such designation ING has given to a college or university in either North or South America. The designation is a new initiative ING is developing around the world to capture the most promising students as future employees.
ING and UCONN Will Strengthen Partnership
Source: Hartford Courant
Permalink posted by armandn @ 7:37 AM
Starr Sues AIG for Millions
C.V. Starr & Co., Inc. ("C.V. Starr") today sued American International Group, Inc. ("AIG") for hundreds of millions of dollars in profits and benefits realized by AIG as a result of AIG's relationship with C.V. Starr during the 2000 to 2005 period. During that period, AIG's share of premiums from business generated by Starr subsidiaries exceeded $5 billion. Profits and benefits realized by AIG as a result of its relationship with C.V. Starr include, among other things, underwriting profits and investment income earned by AIG as a result of the insurance premiums generated by C.V. Starr during this period.
Starr Sues AIG for Millions
Source: PRNewswire
Starr Sues AIG for Millions
Source: PRNewswire
Permalink posted by armandn @ 7:35 AM
Tuesday, June 26, 2007
The Second Generation of Indexed Universal Life is Knocking on Your Door
Indexed universal life (IUL) insurance is one of today’s hot products. In 2006, IUL sales almost reached $400 million. Experts are certainly not shy about future IUL sales projections. For the next few years, the IUL industry is expected to join the Billion Dollar Club.
IUL is expected to make a major impact in the transforming the wealth transfer market. What’s the story behind IUL?
The Second Generation of Indexed Universal Life is Knocking on Your Door
Source: Insurance News Net
IUL is expected to make a major impact in the transforming the wealth transfer market. What’s the story behind IUL?
The Second Generation of Indexed Universal Life is Knocking on Your Door
Source: Insurance News Net
Permalink posted by armandn @ 9:44 AM
Manulife Settles With SEC for $19 Million
Manulife Financial Corp. and its subsidiaries, including John Hancock, settled with the Securities and Exchange Commission today for nearly $19 million for allegedly using mutual fund assets to pay brokers for preferred treatment, regulators said.
Manulife Settles With SEC for $19 Million
Source: Wall Street Journal (subscription required)
Manulife Settles With SEC for $19 Million
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 9:42 AM
The Principal Financial Group Gives Mark Martin an Edge at Daytona
The Principal Financial Group®, the nation’s 401(k) leader1 and premiere benefits provider, will serve as primary sponsor of Mark Martin’s No. 01 Chevrolet during the NASCAR Nextel Cup race at Daytona International Speedway, July 7, 2007. The Principal® will also feature Mark Martin and his Nextel Cup rookie co-driver Regan Smith in a two minute vignette airing as part of TNT’s Wide Open format of the live event broadcast.
The Principal Financial Group Gives Mark Martin an Edge at Daytona
Source: Business Wire
The Principal Financial Group Gives Mark Martin an Edge at Daytona
Source: Business Wire
Permalink posted by armandn @ 9:40 AM
Ted Mathas Elected President of New York Life Insurance Company
New York Life Insurance Company announced today that its Board of Directors has elected Theodore A. Mathas as president of New York Life, effective July 1, 2007. Mr. Mathas, 40, continues as chief operating officer. The president’s title was previously held by Frederick J. Sievert, 59, who is retiring after 15 years of service.
Ted Mathas Elected President of New York Life Insurance Company
Source: Business Wire
Ted Mathas Elected President of New York Life Insurance Company
Source: Business Wire
Permalink posted by armandn @ 9:37 AM
Monday, June 25, 2007
One Size Doesn't Fit All; AXA Equitable Tailors Universal
The reasons for needing the permanent protection of universal life insurance are as different as the people seeking it. That's why AXA Equitable Life Insurance Company introduced today in approved jurisdictions a new series of flexible premium universal life insurance products tailored to clients' unique needs whether it's protecting their family's financial future or the successful business they've nurtured.
One Size Doesn't Fit All; AXA Equitable Tailors Universal
Source: PR Newswire
One Size Doesn't Fit All; AXA Equitable Tailors Universal
Source: PR Newswire
Permalink posted by armandn @ 11:34 AM
Sun Life Financial Selects the Sentinel Group's Anti-Fraud Services for Stop-Loss Customers
Adding to its extensive array of cost-control features, the Employee Benefits Group division of Sun Life Financial U.S. announced it has selected The Sentinel Group to offer optional medical fraud and abuse detection services to its Stop-Loss insurance customers. Stop-loss insurance helps employers protect their self-funded healthcare plans from unexpectedly high claim costs.
Sun Life Financial Selects the Sentinel Group's Anti-Fraud Services for Stop-Loss Customers
Source: Yahoo! Finance
Sun Life Financial Selects the Sentinel Group's Anti-Fraud Services for Stop-Loss Customers
Source: Yahoo! Finance
Permalink posted by armandn @ 11:30 AM
Protecting Your Investment Stocks, CDs, Bonds? The Right Mix Can Save Your Nest Egg
Investment portfolios are supposed to be beautifully proportioned things, designed just so to meet an individual's life situation and risk tolerance.
But with the run-up in stocks during the past four years and various market segments moving in different directions, many portfolios are bulging in places they shouldn't be.
Protecting Your Investment Stocks, CDs, Bonds? The Right Mix Can Save Your Nest Egg
Source: Insurance News Net
But with the run-up in stocks during the past four years and various market segments moving in different directions, many portfolios are bulging in places they shouldn't be.
Protecting Your Investment Stocks, CDs, Bonds? The Right Mix Can Save Your Nest Egg
Source: Insurance News Net
Permalink posted by armandn @ 11:29 AM
Retirees Hitting Home for Boomers
Retirees today are probably different than your parents or grandparents. Instead of settling into a more restful, and sometimes sedentary, life, they are often on the go, ready to stay active through volunteer work, travel or whatever suits their fancy.
James Holloway, owner of Texas Senior Security in Tyler, said he has seen tremendous change in the attitudes of people entering retirement throughout the last decade, and he believes the Baby Boom generation will continue the same general attitude as its members retire.
Retirees Hitting Home for Boomers
Source: Delaware Online
James Holloway, owner of Texas Senior Security in Tyler, said he has seen tremendous change in the attitudes of people entering retirement throughout the last decade, and he believes the Baby Boom generation will continue the same general attitude as its members retire.
Retirees Hitting Home for Boomers
Source: Delaware Online
Permalink posted by armandn @ 11:27 AM
Friday, June 22, 2007
Report: Annuity Processing Still Faces Inefficiencies
For firms of all sizes and models, annuity processing has not seen much innovation, until recently. But even today, significant challenges remain to the straight-through processing (STP) of annuity applications and distribution of annuities, notes a report issued today by TowerGroup, a Needham, Mass., research firm.
Report: Annuity Processing Still Faces Inefficiencies
Source: Insurance Networking News
Report: Annuity Processing Still Faces Inefficiencies
Source: Insurance Networking News
Permalink posted by armandn @ 11:45 AM
Guardian Examines Media's Role in Consumer Education
Consumers rely heavily on the media for information they need to make financial decisions, but few personal finance articles provide key information about disability insurance according to a new research report unveiled this week by The Guardian Life Insurance Company of America (Guardian).
Guardian Examines Media's Role in Consumer Education
Source: PR Newswire
Guardian Examines Media's Role in Consumer Education
Source: PR Newswire
Permalink posted by armandn @ 11:44 AM
Selecting A Fixed Annuity? Look Under The Hood
Fixed index annuities may have similar labels, but one size does not fit all. It's what is under the FIA hood that really counts--in particular, the interest crediting strategy. We’ll look at some of the most common strategies here.
Selecting A Fixed Annuity? Look Under The Hood
Source: National Underwriter (subscription required)
Selecting A Fixed Annuity? Look Under The Hood
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 11:43 AM
Thursday, June 21, 2007
Bank Annuity Sales Up in March: Fixed Annuity Sales Jump 50%, VA Sales Increase 11%
Total bank annuity sales rose by 24 percent in March compared to the prior month. According to the Kehrer-Jackson Monthly Bank Annuity Sales Survey, financial institutions sold $3.6 billion of fixed and variable annuities in March, up from $2.9 billion in February and January, and $3.2 billion in December 2006. The monthly survey is based on a national sample of banks that each have a minimum of $4 billion in assets.
Bank Annuity Sales Up in March: Fixed Annuity Sales Jump 50%, VA Sales Increase 11%
Source: Insurance News Net
Bank Annuity Sales Up in March: Fixed Annuity Sales Jump 50%, VA Sales Increase 11%
Source: Insurance News Net
Permalink posted by armandn @ 11:41 AM
Variable Annuities Get An Image Makeover
Variable annuities have gotten bad press, sometimes deservedly so, but don't write these insurance products off altogether.
According to the financial research firm Tiburon Strategic Advisors, the cash generated as 76 million boomers sell their businesses, downsize their homes and liquidate their 401(k)s is expected to nearly double consumer investable income from $17 trillion to $30 trillion by 2010.
Variable Annuities Get An Image Makeover
Source: Yahoo! Finance
According to the financial research firm Tiburon Strategic Advisors, the cash generated as 76 million boomers sell their businesses, downsize their homes and liquidate their 401(k)s is expected to nearly double consumer investable income from $17 trillion to $30 trillion by 2010.
Variable Annuities Get An Image Makeover
Source: Yahoo! Finance
Permalink posted by armandn @ 11:39 AM
Ohio Casualty Sets Date for Merger Vote
Shareholders of Ohio Casualty Corp. will meet Aug. 8 to vote on the insurer's proposed merger with Liberty Mutual Insurance Co.
The meeting will take place at company headquarters in Fairfield for shareholders of record as of June 28, Ohio Casualty said in a news release.
Ohio Casualty Sets Date for Merger Vote
Source: Biz Journals
The meeting will take place at company headquarters in Fairfield for shareholders of record as of June 28, Ohio Casualty said in a news release.
Ohio Casualty Sets Date for Merger Vote
Source: Biz Journals
Permalink posted by armandn @ 11:26 AM
Wednesday, June 20, 2007
Banc of America Insurance Services, Inc. Offers Simplified Issue Term Life Insurance to Customers Via BankofAmerica.com
Leveraging the simplicity and power of the nation's most popular banking website, Bank of America today unveiled a new simplified issue term life insurance program, offered by its affiliate Banc of America Insurance Services, Inc., that enables customers to apply and be approved instantly for up to $150,000 in term life insurance through bankofamerica.com. The insurance is underwritten by First Great-West Life & Annuity Insurance Company in New York.
Banc of America Insurance Services, Inc. Offers Simplified Issue Term Life Insurance to Customers Via BankofAmerica.com
Source: Insurance News Net
Banc of America Insurance Services, Inc. Offers Simplified Issue Term Life Insurance to Customers Via BankofAmerica.com
Source: Insurance News Net
Permalink posted by armandn @ 7:43 AM
Sun Life Financial U.S. Variable Annuity Gross Sales Exceed US $1 Billion
Sun Life Financial Inc. announced today that it exceeded the US$1 billion mark in U.S. variable annuity gross sales for the first five months of 2007, representing an increase of 66% over the comparable period in 2006. In the months of April and May, the company achieved aggregate variable annuity gross sales of US$529 million.
Sun Life Financial U.S. Variable Annuity Gross Sales Exceed US $1 Billion
Source: CNW Group
Sun Life Financial U.S. Variable Annuity Gross Sales Exceed US $1 Billion
Source: CNW Group
Permalink posted by armandn @ 7:42 AM
InsWeb Reports AgentInsider Milestone
InsWeb Corp., a leading online insurance marketplace, today announced the sale of its one millionth lead to a local agent in New Jersey participating in the Company's AgentInsider lead generation program. Since the inception of the AgentInsider program 21 months ago, the Company has tracked the number of leads distributed to local agents.
InsWeb Reports AgentInsider Milestone
Source: PR Newswire
InsWeb Reports AgentInsider Milestone
Source: PR Newswire
Permalink posted by armandn @ 7:41 AM
Take the "Annuity Rescue Challenge" with Jefferson National
On a mission to help Americans save more for retirement, Jefferson National invites consumers to take the “Annuity Rescue Challenge” at http://www.jeffnat.com. Now consumers have a simple, unbiased online tool using the latest data from Morningstar® to compare virtually any competing variable annuity—985 different products from 117 companies—versus Jefferson National’s Monument Advisor, the first and only variable annuity with a flat-insurance fee of $20 per month and the industry’s broadest selection of more than 170 underlying tax-deferred funds.
Take the "Annuity Rescue Challenge" with Jefferson National
Source: Business Wire
Take the "Annuity Rescue Challenge" with Jefferson National
Source: Business Wire
Permalink posted by armandn @ 7:40 AM
Tuesday, June 19, 2007
Lock Up Your Life Insurance In A Trust
Your heirs will surely welcome the proceeds from your life-insurance policy. But they probably won't be thrilled by the estate taxes they may have to pay on the death benefit. If your estate is likely to be subject to federal estate tax, you may want to consider stashing your policy in an irrevocable life-insurance trust.
Lock Up Your Life Insurance In A Trust
Source: Insurane News Net
Lock Up Your Life Insurance In A Trust
Source: Insurane News Net
Permalink posted by armandn @ 10:39 AM
Industry Battle Over 401(k) Risk
The idea seemed simple enough: Make it easier for companies to automatically enroll workers in 401(k) plans and other retirement vehicles.
But the effort to turn that idea into federal policy has set off a high-stakes dispute between the insurance industry and mutual funds over where to steer billions of dollars in future investments.
The conflict has drawn in prominent members of Congress, slowed efforts at the Department of Labor to produce a final rule and even prompted a last-minute bid by worried insurers to appeal their case to the White House.
Industry Battle Over 401(k) Risk
Source: LA Times
But the effort to turn that idea into federal policy has set off a high-stakes dispute between the insurance industry and mutual funds over where to steer billions of dollars in future investments.
The conflict has drawn in prominent members of Congress, slowed efforts at the Department of Labor to produce a final rule and even prompted a last-minute bid by worried insurers to appeal their case to the White House.
Industry Battle Over 401(k) Risk
Source: LA Times
Permalink posted by armandn @ 10:38 AM
John Hancock Funds Best 'Creative Team' in 2007 American Business Awards Competition
John Hancock Funds was awarded "Best Creative Team" honors at the American Business Awards 5th Annual Stevie® Awards ceremony, held June 11 in New York City. The Stevie award honors the team, headed by Assistant Vice President Dan Rollins, that is responsible for creative services, financial publishing, print procurement, literature fulfillment and the in-house document center for John Hancock Funds.
John Hancock Funds Best 'Creative Team' in 2007 American Business Awards Competition
Source: Yahoo! Finance
John Hancock Funds Best 'Creative Team' in 2007 American Business Awards Competition
Source: Yahoo! Finance
Permalink posted by armandn @ 10:36 AM
Monday, June 18, 2007
Annuitizing Your Savings
There comes a point in every saver's life when it's time to stop saving and start spending. There are lots of calculators to help you figure out how much regular income you'll need once you stop working. But where will this money come from?
Annuitizing Your Savings
Source: BankRate.com
Annuitizing Your Savings
Source: BankRate.com
Permalink posted by armandn @ 8:07 AM
The Single Retiree
Whether you're part of a couple or not, you still should save as much as you can for retirement. The difference between being part of a couple and being on your own is not only a matter of accumulating enough funds, but also of assembling adequate financial safeguards to protect yourself from difficulties such as unemployment and disabling illness.
The Single Retiree
Source: Yahoo! Finance
The Single Retiree
Source: Yahoo! Finance
Permalink posted by armandn @ 8:06 AM
Making Retirement Money Last Longer
Everyone dreams of their own ideal retirement. Some envision selling their home, buying a motorcoach, and traveling the country. Others will finally build that cabin in the woods by the lake. And some with an entrepreneurial spirit will start that new business they are so passionate about. Unfortunately, many in the retirement community — and those planning to enter it soon — are also wondering how they’re going to survive financially. Longevity and rising medical care costs, not to mention general inflation, can quickly eat away at retirement dollars and shatter those cherished retirement dreams.
Making Retirement Money Last Longer
Source: Life Insurance Selling
Making Retirement Money Last Longer
Source: Life Insurance Selling
Permalink posted by armandn @ 8:05 AM
Estate Planning Isn't Just for Rich People -- Get Started Today
You're taxed when you earn money, taxed when you spend money, and taxed on gains when you invest the money you have left over. And if you're not careful, you'll be taxed again -- when you die!
Estate Planning Isn't Just for Rich People -- Get Started Today
Source: Sun-Times
Estate Planning Isn't Just for Rich People -- Get Started Today
Source: Sun-Times
Permalink posted by armandn @ 8:00 AM
Friday, June 15, 2007
NAVA Reports First Quarter Variable Annuity Industry Data
NAVA, the Association for Insured Retirement Solutions, announced today first quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 1.4% to $1.39 trillion at the end of the first quarter, as compared with the end of the fourth quarter of 2006. Net assets increased by 8.6% relative to the first quarter one year ago.
NAVA Reports First Quarter Variable Annuity Industry Data
Source: Business Wire
NAVA Reports First Quarter Variable Annuity Industry Data
Source: Business Wire
Permalink posted by armandn @ 6:51 AM
Ending Your Life Insurance? Sell It.
If you're a senior citizen about to let your life-insurance policy lapse or turn it in for a low surrender value, you might want to shop it around.
A $10 billion marketplace has emerged over the past few years enabling seniors to sell their life-insurance policies for a lump sum. There's no cost to apply and no medical exam for these "life settlements."
Companies such as AIG, GE Capital, Bear Stearns and Morgan Stanley are buying policies by the boatload. These companies pay cash to the policy owner, continue paying the premiums on the policy, then become the beneficiary when the policy owner dies.
Ending Your Life Insurance? Sell It
Source: Star-Telegram
A $10 billion marketplace has emerged over the past few years enabling seniors to sell their life-insurance policies for a lump sum. There's no cost to apply and no medical exam for these "life settlements."
Companies such as AIG, GE Capital, Bear Stearns and Morgan Stanley are buying policies by the boatload. These companies pay cash to the policy owner, continue paying the premiums on the policy, then become the beneficiary when the policy owner dies.
Ending Your Life Insurance? Sell It
Source: Star-Telegram
Permalink posted by armandn @ 6:50 AM
You've Worked Hard, Saved and Just Retired: How Do You Manage Your Finances Now?
As baby boomers retire and start spending their nest eggs, they will need new financial products to make their money last, according to speakers at a recent Wharton Impact Conference titled, "Managing Retirement Payouts: Positioning, Investing and Spending Assets." The conference explored emerging patterns in spending during retirement and debated new ideas to help retirees manage their finances after leaving the workforce.
You've Worked Hard, Saved and Just Retired: How Do You Manage Your Finances Now?
Source: Wharton
You've Worked Hard, Saved and Just Retired: How Do You Manage Your Finances Now?
Source: Wharton
Permalink posted by armandn @ 6:48 AM
John Hancock Long-Term Care Insurance Reaches One Million Policy Holders Across Individual and Group Business Lines
John Hancock Life Insurance Company now has more than one million long term care (LTC) insurance policy holders(1) across its individual and group LTC lines of business.(2).
Having entered the retail LTC insurance market in 1987, John Hancock is one of the largest carriers of individual coverage in the country. John Hancock began selling group LTC insurance in 1988 and today is the largest provider of employer-sponsored LTC insurance in the U.S.(3)
John Hancock Long-Term Care Insurance Reaches One Million Policy Holders Across Individual and Group Business Lines
Source: Yahoo! Finance
Having entered the retail LTC insurance market in 1987, John Hancock is one of the largest carriers of individual coverage in the country. John Hancock began selling group LTC insurance in 1988 and today is the largest provider of employer-sponsored LTC insurance in the U.S.(3)
John Hancock Long-Term Care Insurance Reaches One Million Policy Holders Across Individual and Group Business Lines
Source: Yahoo! Finance
Permalink posted by armandn @ 6:47 AM
Thursday, June 14, 2007
AIG Sues Ex-Chief Greenberg Over Probes, Lawsuit Costs
American International Group Inc. (AIG) Wednesday sued its ousted chairman Maurice R. "Hank" Greenberg and ex-chief financial officer Howard I. Smith for more than $1 billion in damages stemming from accounting troubles on their watch.
AIG Sues Ex-Chief Greenberg Over Probes, Lawsuit Costs
Source: CNN/MONEY
AIG Sues Ex-Chief Greenberg Over Probes, Lawsuit Costs
Source: CNN/MONEY
Permalink posted by armandn @ 11:52 AM
The Principal Financial Group Launches Principal Universal Life Protector III
The Principal Financial Group® introduces Principal Universal Life Protector IIISM (Protector III) (2007), a low cost, guaranteed, long-term life insurance product with death benefit protection.
Principal Protector III (2007) addresses a variety of financial protection needs. The product features guaranteed death benefit protection up to age 121, issue age up to 85 and improved payment options. Premiums have been improved for policies of clients between the age of 45 to 70, whether they choose to make continuous payments, pay in 10 installments or in one lump sum.
The Principal Financial Group Launches Principal Universal Life Protector III
Source: Business Wire
Principal Protector III (2007) addresses a variety of financial protection needs. The product features guaranteed death benefit protection up to age 121, issue age up to 85 and improved payment options. Premiums have been improved for policies of clients between the age of 45 to 70, whether they choose to make continuous payments, pay in 10 installments or in one lump sum.
The Principal Financial Group Launches Principal Universal Life Protector III
Source: Business Wire
Permalink posted by armandn @ 11:51 AM
LTC Insurance Remains A Slow Seller But Potential For Worksite Sales Improving
It is expensive. Consumers think they will never need it. They are complex and hard to understand. Experts say these are some of the reasons that make long-term care insurance (LTCi) harder to sell than a block of ice to an Inuit.
LTCi products are moving so slowly that the American Association of Long-Term Care Insurance’s (AALTCI) start-of-the-year projection that LTCi sales is expected to grow in 2007 by a modest 15% was met with disbelief by many industry observers.
Source: Insurance News Net
LTC Insurance Remains A Slow Seller But Potential For Worksite Sales Improving
LTCi products are moving so slowly that the American Association of Long-Term Care Insurance’s (AALTCI) start-of-the-year projection that LTCi sales is expected to grow in 2007 by a modest 15% was met with disbelief by many industry observers.
Source: Insurance News Net
LTC Insurance Remains A Slow Seller But Potential For Worksite Sales Improving
Permalink posted by armandn @ 11:50 AM
Fidelity Reduces Profit Margin Goals for Adviser Services
Fidelity Investments Chief Executive Officer Edward “Ned” Johnson has told the firm’s adviser services division to reduce its profit margin targets so that the company can use the money to improve its custody platform to boost its market share among advisers, Investment News reports.
Fidelity Reduces Profit Margin Goals for Adviser Services
Source: Financial-Planning.com
Fidelity Reduces Profit Margin Goals for Adviser Services
Source: Financial-Planning.com
Permalink posted by armandn @ 11:48 AM
Wednesday, June 13, 2007
Analyzing the Pros and Cons of Term and Permanent Insurance - Should We Rent or Buy?
Decision-making is a cognitive process that results in a selection of a course of action among variations. It is a reasoning process, which can be rational or irrational, and can be based on explicit assumptions or tacit assumptions.
When it comes to making the right choice nothing beats the old pros and cons analysis system. In settling the decades old debate of which is a better deal, term insurance or permanent life insurance, using pros and cons is a simple but powerful way to make the important decision on where your client should put his or her money to get the most out of the insurance policy.
Analyzing the Pros and Cons of Term and Permanent Insurance - Should We Rent or Buy?
Source: Insurance News Net
When it comes to making the right choice nothing beats the old pros and cons analysis system. In settling the decades old debate of which is a better deal, term insurance or permanent life insurance, using pros and cons is a simple but powerful way to make the important decision on where your client should put his or her money to get the most out of the insurance policy.
Analyzing the Pros and Cons of Term and Permanent Insurance - Should We Rent or Buy?
Source: Insurance News Net
Permalink posted by armandn @ 7:55 AM
AM Best Affirms Ratings of Sun Life; Upgrades Ratings of Acquired Genworth Life & Health Companies
A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and the issuer credit ratings (ICR) of “aa+” of Sun Life Assurance Company of Canada (Sun Life) (Toronto, Canada), Sun Life Assurance Company of Canada (U.S.) (Wilmington, DE) and Sun Life Insurance and Annuity Company of New York (New York, NY). Concurrently, A.M. Best has affirmed the ICR of “aa-” and the debt ratings of Sun Life Financial Inc. (SLF) (Toronto, Canada). The outlook for all ratings is stable. (See link below for a detailed listing of companies and ratings.)
AM Best Affirms Ratings of Sun Life; Upgrades Ratings of Acquired Genworth Life & Health Companies
Source: Business Wire
AM Best Affirms Ratings of Sun Life; Upgrades Ratings of Acquired Genworth Life & Health Companies
Source: Business Wire
Permalink posted by armandn @ 7:54 AM
Eastbridge's Critical Illness Study Finds a New Generation of Voluntary Plan
Since the introduction of worksite critical illness products in the mid to late 1990s, there have been a number of additions/revisions to the product. For one, group critical illness products have gained a greater share of the market, now accounting for roughly 40 percent of critical illness sales. This is most likely due to the influx of group carriers to the market. Additionally, the newer generation plans typically pay a benefit more than one time by “categorizing” the covered conditions.
Eastbridge's Critical Illness Study Finds a New Generation of Voluntary Plan
Source: Insurance News Net
Eastbridge's Critical Illness Study Finds a New Generation of Voluntary Plan
Source: Insurance News Net
Permalink posted by armandn @ 7:53 AM
Hartford Financial Taps Marra As President, Operating Chief
Thomas M. Marra, named to the newly created post of president and chief operating officer of Hartford Financial Services Group Inc., said he sees opportunities for greater diversification for the company's life and property-casualty businesses.
Hartford Financial Taps Marra As President, Operating Chief
Source: Wall Street Journal (subscription required)
Hartford Financial Taps Marra As President, Operating Chief
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 7:51 AM
Tuesday, June 12, 2007
ING Fixed Annuities Launches National "Road Show" Highlighting Unique New Trail Commission and Other FIA Information
ING Fixed Annuities has announced enhanced producer compensation on its fixed indexed annuities, providing a unique new "automatic trail" commission that establishes a 1/4 percent compensation for the life of the fixed annuity contract in addition to the customary up-front compensation.
ING Fixed Annuities Launches National "Road Show" Highlighting Unique New Trail Commission and Other FIA Information
Source: PR Newswire
ING Fixed Annuities Launches National "Road Show" Highlighting Unique New Trail Commission and Other FIA Information
Source: PR Newswire
Permalink posted by armandn @ 9:34 AM
Estate Planning for "Life"
According to Parents Forever: You and Your Adult Children author Sidney Callahan, being a parent is a duty that is never really relieved of parental concerns – even when the kids are in their thirties. With longer life spans parents and their children could look forward to up to sixty years of great time. Of course, it could also be sixty years of getting on each other’s nerves.
But one of the most important things you can do for your children is develop a solid estate plan. A good estate plan makes an impact on our children even as they mature and learn the importance of financial responsibility.
Estate Planning for "Life"
Source: Insurance News Net
But one of the most important things you can do for your children is develop a solid estate plan. A good estate plan makes an impact on our children even as they mature and learn the importance of financial responsibility.
Estate Planning for "Life"
Source: Insurance News Net
Permalink posted by armandn @ 9:33 AM
Survey: Insurance Executives Favor Federal Charter
More than three-quarters (77%) of the 100 insurance executives representing the property and casualty and life sectors, along with key market participants who attended Standard & Poor's Ratings Services' 23rd annual insurance conference favored an optional charter for insurance regulation.
Source: Insurance Networking News
Survey: Insurance Executives Favor Federal Charter
Source: Insurance Networking News
Survey: Insurance Executives Favor Federal Charter
Permalink posted by armandn @ 9:32 AM
RiverSource Insurance Announces Portfolio Navigator for Variable Universal Life IV and Variable Universal Life IV-Estate Series
RiverSource Life Insurance Company, a subsidiary of Ameriprise Financial, Inc. and No. 1 seller of variable universal life insurance1, announced the availability of Portfolio Navigator, a powerful asset allocation program designed to help policyholders effectively manage the cash value in their policies, for its Variable Universal Life IV and Variable Universal Life IV-Estate Series (collectively referred to as VUL IV) insurance products.
RiverSource Insurance Announces Portfolio Navigator for Variable Universal Life IV and Variable Universal Life IV-Estate Series
Source: dBusiness News
RiverSource Insurance Announces Portfolio Navigator for Variable Universal Life IV and Variable Universal Life IV-Estate Series
Source: dBusiness News
Permalink posted by armandn @ 9:29 AM
Monday, June 11, 2007
Western & Southern Financial Group Activates Spanish Phone Number
The Western & Southern Financial Group(R) (Western & Southern) announced the activation of a Spanish toll free phone number to serve customers looking for life insurance and financial services through its member company The Western and Southern Life Insurance Company.
Western & Southern Financial Group Activates Spanish Phone Number
Source: Business Wire
Western & Southern Financial Group Activates Spanish Phone Number
Source: Business Wire
Permalink posted by armandn @ 12:13 PM
M&A Seen Dominating Life Insurance Industry
Mergers and the battle to maintain market share will dominate the agendas of many life insurers over the next 12 to 18 months, according to analysts and company executives at a Standard & Poor’s insurance conference here last week.
M&A Seen Dominating Life Insurance Industry
Source: Investment News (subscription required)
M&A Seen Dominating Life Insurance Industry
Source: Investment News (subscription required)
Permalink posted by armandn @ 12:12 PM
Insurance Mysteries Unraveled
Imagine: Dad dies, leaving you with an old life-insurance policy issued by a company you don't recognize.
Your goal is to find out whether this company is operating today in some form, whether it was bought out, merged, or went kaput. Ultimately, you want to know whether the policy you're holding is still in force.
"Insurance companies just don't disappear," said Rhonda Orin, a policyholder's attorney and managing partner of Anderson Kill & Olick in Washington, D.C. "You can't end a company without recording it. There's a record somewhere. It's just a matter of finding the record."
Insurance Mysteries Unraveled
Source: Seattle Times
Your goal is to find out whether this company is operating today in some form, whether it was bought out, merged, or went kaput. Ultimately, you want to know whether the policy you're holding is still in force.
"Insurance companies just don't disappear," said Rhonda Orin, a policyholder's attorney and managing partner of Anderson Kill & Olick in Washington, D.C. "You can't end a company without recording it. There's a record somewhere. It's just a matter of finding the record."
Insurance Mysteries Unraveled
Source: Seattle Times
Permalink posted by armandn @ 12:07 PM
Insurers Meld LTC Into Life Insurance
More insurers are offering riders that include long-term-care coverage in life insurance policies.
The Hartford (Conn.) Financial Services Group Inc. in May made LTC coverage an option on its variable universal life policy. The rider allows clients to accelerate their death benefit up to the full policy limit for daily living needs, said Maureen Mohyde, the insurer’s director of gerontology.
Insurers Meld LTC Into Life Insurance
Source: Investment News (subscription required)
The Hartford (Conn.) Financial Services Group Inc. in May made LTC coverage an option on its variable universal life policy. The rider allows clients to accelerate their death benefit up to the full policy limit for daily living needs, said Maureen Mohyde, the insurer’s director of gerontology.
Insurers Meld LTC Into Life Insurance
Source: Investment News (subscription required)
Permalink posted by armandn @ 12:06 PM
CSC Announces New Product Configuration Software for Life and Annuity Insurers
Computer Sciences Corporation today introduced Product Accelerator software, which simplifies the creation of life insurance and annuity products. The software gives business experts, rather than software programmers, control of product introduction and, unlike other product configuration software, includes a comprehensive library of insurance product types that together enable carriers to reduce the time needed to launch new products from months to days.
CSC Announces New Product Configuration Software for Life and Annuity Insurers
Source: ThomasNet
CSC Announces New Product Configuration Software for Life and Annuity Insurers
Source: ThomasNet
Permalink posted by armandn @ 11:41 AM
Friday, June 08, 2007
ING Gets License To Start Life Insurance Business In Russia
ING NV (ING) said in a press statement Friday that it received approval from the Russian regulatory authorities to start life insurance activities in Russia. The license enables ING to implement its strategy of expanding the scope of its operations in Russia with life insurance.
ING Gets License To Start Life Insurance Business In Russia
Source: CNN Money
ING Gets License To Start Life Insurance Business In Russia
Source: CNN Money
Permalink posted by armandn @ 9:46 AM
Lincoln Financial Group To Explore Strategic Options For Media Business
Lincoln Financial Group today announced plans to explore strategic options for Lincoln Financial Media, which owns and operates television and radio stations across seven major markets, as well as the Lincoln Financial Sports syndication and production business. The company has engaged Merrill Lynch & Co. to advise on a range of options including, but not limited to, divestiture strategies for the media business.
Lincoln Financial Group To Explore Strategic Options For Media Business
Source: PR Newswire
Lincoln Financial Group To Explore Strategic Options For Media Business
Source: PR Newswire
Permalink posted by armandn @ 9:45 AM
Move More Annuities With The Right Closing Strategy
If you’re selling annuities but end up blowing most of them because of your closing technique you should re-think your strategy. Here are some tips that might help turn the tide in your favor:
Offer a win-win relationship. Closing the deal starts from the very beginning of the sales process and it must center on understanding the lifestyle needs of the client.
Move More Annuities With The Right Closing Strategy
Source: Insurance News Net
Offer a win-win relationship. Closing the deal starts from the very beginning of the sales process and it must center on understanding the lifestyle needs of the client.
Move More Annuities With The Right Closing Strategy
Source: Insurance News Net
Permalink posted by armandn @ 9:43 AM
Thursday, June 07, 2007
ING Variable Annuities Improves Investment Flexibility with Minimum Guarantee Income Benefit
ING U.S. Financial Services has announced increased investment flexibility and control for owners of its variable annuity contracts which have the Minimum Guaranteed Income Benefit (MGIB) rider available. This means that owners of ING USA Annuity and Life Insurance Company variable annuity contracts with MGIB riders can now allocate their entire contract value into any investment option available under the contract without having to invest a 20% minimum allocation in the fixed allocation fund bond investment options previously required, according to the company.
ING Variable Annuities Improves Investment Flexibility with Minimum Guarantee Income Benefit
Source: PR Newswire
ING Variable Annuities Improves Investment Flexibility with Minimum Guarantee Income Benefit
Source: PR Newswire
Permalink posted by armandn @ 1:00 PM
MassMutual Introduces Two New Single Premium Immediate Annuities
The MassMutual Financial Group announced today the introduction of a single premium immediate variable annuity, MassMutual RetireEase Select, and a new single premium fixed immediate annuity, MassMutual RetireEase. Both products are now available where approved, subject to state availability. MassMutual RetireEase is approved for sale in all jurisdictions except New York, while MassMutual RetireEase Select is approved for sale in all jurisdictions except New York and Oregon.
MassMutual Introduces Two New Single Premium Immediate Annuities
Source: WebWire
MassMutual Introduces Two New Single Premium Immediate Annuities
Source: WebWire
Permalink posted by armandn @ 12:59 PM
YouTube Retirement Planning: 401(k) Education Hits MySpace
Meet Jack. He's a single, 23-year-old, culinary school graduate who has recently landed a gig as a sous chef. A five-foot-11-inch Aires with an athletic build, Jack is interested in networking with others, but not having kids, according to his MySpace profile.
Jack is also just beginning to learn about retirement planning. Oh, and Jack is a computer-generated animation.
Jack, and his Einstein-inspired guru "Doc," are the stars of a series of three videos being broadcast through YouTube that track his journey to financial literacy by a start-up company called FeelSmartAbout.
YouTube Retirement Planning: 401(k) Education Hits MySpace
Source: Financial-Planning.com
Jack is also just beginning to learn about retirement planning. Oh, and Jack is a computer-generated animation.
Jack, and his Einstein-inspired guru "Doc," are the stars of a series of three videos being broadcast through YouTube that track his journey to financial literacy by a start-up company called FeelSmartAbout.
YouTube Retirement Planning: 401(k) Education Hits MySpace
Source: Financial-Planning.com
Permalink posted by armandn @ 12:58 PM
Author Allen Hamm Blames the Insurance Industry for Millions of American Families Failing to Have a Plan for Long-Term Care
As this prosperous baby boomer generation ages, financial experts have been emphasizing the need to plan ahead for our future long-term care. They are telling us it will be very costly and that many of us won't qualify for government assistance. So why is it so many people seem to be ignoring the advice given by these experts? In his recently published book, "Long-Term Care Planning: Assuring Choice, Independence, and Financial Security," Allen Hamm blames the insurance industry for millions of American families failing to have a plan for long-term care.
Author Allen Hamm Blames the Insurance Industry for Millions of American Families Failing to Have a Plan for Long-Term Care
Source: PR Newswire
Author Allen Hamm Blames the Insurance Industry for Millions of American Families Failing to Have a Plan for Long-Term Care
Source: PR Newswire
Permalink posted by armandn @ 12:55 PM
Wednesday, June 06, 2007
Manulife Prepared For Large U.S. Acquisition
Manulife Financial Corp. is well-positioned to make a large purchase in the United States to extend its lead over other Canadian financial services firms, said RBC Capital Markets analyst Andre-Philippe Hardy.
The life insurance giant — a financial services top pick for several analysts — is ready to make a splash following up on the integration of its acquisition of Boston-based John Hancock, Mr. Hardy said.
Manulife Prepared For Large U.S. Acquisition
Source: National Post
The life insurance giant — a financial services top pick for several analysts — is ready to make a splash following up on the integration of its acquisition of Boston-based John Hancock, Mr. Hardy said.
Manulife Prepared For Large U.S. Acquisition
Source: National Post
Permalink posted by armandn @ 11:29 AM
Blacks and Hispanics Lag In Planning for Retirement, Poll Finds
Fewer people are saving for retirement these days, but Hispanics and blacks are falling farther behind in setting money aside, a new poll shows.
The Employee Benefit Research Institute, a non-partisan think tank in Washington, found that fewer than half of all blacks and Hispanics have saved money for retirement, even though most minorities think they'll be financially secure when they are no longer working.
Blacks and Hispanics Lag In Planning for Retirement, Poll Finds
Source: Sun-Sentinel
The Employee Benefit Research Institute, a non-partisan think tank in Washington, found that fewer than half of all blacks and Hispanics have saved money for retirement, even though most minorities think they'll be financially secure when they are no longer working.
Blacks and Hispanics Lag In Planning for Retirement, Poll Finds
Source: Sun-Sentinel
Permalink posted by armandn @ 11:27 AM
Insurers Urge Regulators to Keep McCarran-Ferguson
Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws.
At the National Association of Insurance Commissioners' (NAIC) meeting in San Francisco, the Property Casualty Insurers Association of America (PCI) asked state insurance commissioners and the NAIC to be an active force in support of the McCarran-Ferguson Act.
Insurers Urge Regulators to Keep McCarran-Ferguson
Source: Insurance Journal
At the National Association of Insurance Commissioners' (NAIC) meeting in San Francisco, the Property Casualty Insurers Association of America (PCI) asked state insurance commissioners and the NAIC to be an active force in support of the McCarran-Ferguson Act.
Insurers Urge Regulators to Keep McCarran-Ferguson
Source: Insurance Journal
Permalink posted by armandn @ 11:25 AM
More Retirees Find Their New Life 'Another Great Chapter'
Retirees today are probably different than your parents or grandparents. Instead of settling into a more restful, and sometimes sedentary, life, they are often on the go, ready to stay active through volunteer work, travel or whatever suits their fancy.
James Holloway, owner of Texas Senior Security in Tyler, said he has seen tremendous change in the attitudes of people entering retirement throughout the last decade, and he believes the Baby Boom generation will continue the same general attitude as its members retire.
More Retirees Find Their New Life 'Another Great Chapter'
Source: Insurance News Net
James Holloway, owner of Texas Senior Security in Tyler, said he has seen tremendous change in the attitudes of people entering retirement throughout the last decade, and he believes the Baby Boom generation will continue the same general attitude as its members retire.
More Retirees Find Their New Life 'Another Great Chapter'
Source: Insurance News Net
Permalink posted by armandn @ 11:22 AM
Friday, June 01, 2007
New Life Insurance From Mutual Of Omaha Offers Flexible Options
Mutual of Omaha’s new Guaranteed Universal Life insurance (GUL) provides consumers with affordable guaranteed protection, plus options that include two different versions of the plan – one with simplified issue and one offering a larger death benefit.
- Mutual of Omaha’s GUL Express provides an option for clients who want quick approval with minimal underwriting requirements. The application process is simplified and qualified applicants can lock-in a death benefit up to $250,000. No lengthy health inquiry is needed and underwriting decisions can be made in a matter of days.
- Mutual of Omaha’s GUL Complete is designed for consumers who want a larger death benefit, $100,000 or more. Full health underwriting is required and the lifetime guaranteed death benefit premiums are very
New Life Insurance From Mutual Of Omaha Offers Flexible Options
Source: Business Wire
- Mutual of Omaha’s GUL Express provides an option for clients who want quick approval with minimal underwriting requirements. The application process is simplified and qualified applicants can lock-in a death benefit up to $250,000. No lengthy health inquiry is needed and underwriting decisions can be made in a matter of days.
- Mutual of Omaha’s GUL Complete is designed for consumers who want a larger death benefit, $100,000 or more. Full health underwriting is required and the lifetime guaranteed death benefit premiums are very
New Life Insurance From Mutual Of Omaha Offers Flexible Options
Source: Business Wire
Permalink posted by armandn @ 6:40 AM
Life Producers See Business Spike Over Past 12 Months
A recent study by Agent Media, publisher of the Agent's Sales Journal and Insurance Marketing magazine, shows that life insurance producers have seen their business trend upward over the past 12 months, mirroring the recent positive performance of the life industry as a whole.
Life Producers See Business Spike Over Past 12 Months
Source: Insurance News Net
Life Producers See Business Spike Over Past 12 Months
Source: Insurance News Net
Permalink posted by armandn @ 6:39 AM
MassMutual PlanSmart Web Seminar Planned for Advisors Targeting $1 Million to $5 Million Market
MassMutual Retirement Services Division will present a free WebEx education session for advisors to highlight the opportunities offered by MassMutual's new PlanSmart(SM) product in the $1 million to $5 million bundled retirement plan market. The one-hour MassMutual PlanSmart WebEx session will be held on Wednesday, June 6 starting at 2 p.m. Eastern Time. Presenters include Evan Gray, Midwest division sales manager, and Craig Haase, managing director, of MassMutual Retirement Services.
MassMutual PlanSmart Web Seminar Planned for Advisors Targeting $1 Million to $5 Million Market
Source: PR Newswire
MassMutual PlanSmart Web Seminar Planned for Advisors Targeting $1 Million to $5 Million Market
Source: PR Newswire
Permalink posted by armandn @ 6:38 AM
Sun Life Closes Genworth Group Purchase
Canadian financial services company Sun Life Financial Inc. said Thursday it completed the acquisition of the U.S. group benefits business of insurance holding company Genworth Financial Inc. The deal had previously been reported to be worth $650 million.
The group combines with Sun Life's U.S. group business and will offer group life, disability, dental and stop-loss insurance. The group will expand to 34 sales offices across the country.
Sun Life Closes Genworth Group Purchase
Source: Yahoo! Finance
The group combines with Sun Life's U.S. group business and will offer group life, disability, dental and stop-loss insurance. The group will expand to 34 sales offices across the country.
Sun Life Closes Genworth Group Purchase
Source: Yahoo! Finance
Permalink posted by armandn @ 6:37 AM
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