Life Insurance – InsuranceNewsNet
|Report Questions Viability Of $2.7 Billion Genworth Deal
More than two years after the deal was announced, the proposed acquisition of insurance giant Genworth Financial by a China- based financial conglomerate finally may be nearing completion. As the proposed merger nears a key public hearing, however, a report by one investor has raised questions about the viability of the deal.
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POSTED NOVEMBER 19, 2018 1:00 PM
|Four In 10 Americans Plan To Retire Before Age 60, Study Finds
Americans on average expect to retire two years sooner than they did five years ago and many more say they intend to retire before age 60, potentially reflecting a spike in 401 balances, according to research from Massachusetts Mutual Life Insurance Co.
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POSTED NOVEMBER 16, 2018 11:00 AM
|‘These Go To 11:’ Indexing Beyond Rates And Renewals
Indexes have increased in choice but with more choice comes greater complexity. Comparisons between indexes too often are made without a firm understanding of the structure behind the index. This causes both financial professionals and their clients frustration with something that should be viewed as a positive.
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POSTED NOVEMBER 14, 2018 6:48 PM
|Millennials Most ‘At-Risk’ When It Comes To Life Insurance, Study Finds
Millennials with life insurance have a self-reported life insurance gap of $352,000 in 2018, with enough life insurance protection in place to cover only 22 percent of their self-reported coverage needs. The Millennial generation’ s gap is sharply higher -- 60 percent greater -- than the gap for the general population, which is 49 percent.
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POSTED NOVEMBER 13, 2018 5:00 PM
|Millennials Most “At Risk” Generation
NEW YORK, November 13, 2018 — The Millennial generation is now the least prepared for unexpected life events due to...
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POSTED NOVEMBER 13, 2018 3:53 PM
|NAIC Working Group Settles On Policy Summary Concept
A National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out.
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POSTED NOVEMBER 12, 2018 7:39 PM
|Man Admits Using Dead Brother To Defraud Life Insurance Company
Nov. 10-- A Williamsville man admitted in federal court on Friday he stole from the International Union of Painters and Allied Trades and an insurance company after the death of his brother, the U.S. Attorney's Office said. Timothy McCluskey was eventually issued $2,500 in life insurance proceeds, according to prosecutors. The U.S. Department of Labor Office of...
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POSTED NOVEMBER 11, 2018 12:04 AM
|California Updates Election Vote; Lara Set To Win Insurance Commissioner Race
From volunteering for pro-public education candidates to running for office in record numbers, California educators proved once again that when it comes to their students, they are willing to do what it takes to make sure they get the public education they deserve. California's millions of public school students were big winners last night as voters joined...
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POSTED NOVEMBER 08, 2018 11:03 AM
|Sun Life Financial Reports Third Quarter 2018 Results
-Sun Life Financial Inc. today announced its results for the third quarter ended September 30, 2018. "In the third quarter, underlying net income was strong at $730 million, and return on equity was 14%, at the high end of our target range," said Dean Connor, President and CEO, Sun Life Financial. Underlying net income in the third quarter of 2018 increased $87 million to...
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POSTED NOVEMBER 07, 2018 10:19 PM
|MassMutual Approves Record $1.72 Billion Estimated 2019 Dividend Payout
--Massachusetts Mutual Life Insurance Company announced today that its Board of Directors has approved a record $1.72 billion estimated dividend payout in 2019 to eligible participating policyowners and members, once again demonstrating outstanding policyowner value and underscoring its strong financial position. Further, over the past decade,...
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POSTED NOVEMBER 06, 2018 5:52 PM