Life Insurance – InsuranceNewsNet
|Understanding The Benefits Of Whole Life Insurance
The average American will hold at least eight jobs during their lifetime and the term life insurance benefit provided will most likely also terminate when the decision to part ways is made. Because of this, it is important to separate the employment insurance from personal insurance.
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POSTED FEBRUARY 15, 2019 4:04 PM
|Allianz Life Reports Solid 2018 Financial Results
Allianz Life Insurance Company of North America today announced its 2018 financial results, with assets under management rising to $138 billion and total premium reaching $12.7 billion, 16 percent higher than 2017. Allianz Life’ s operating profit topped $1 billion for the third year in a row, reaching slightly more than $1 billion. In 2018, the company paid...
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POSTED FEBRUARY 15, 2019 3:19 PM
|Man Who Defraud Union In Life Insurance Scam Sentenced To Probation
Feb. 15-- A Williamsville man who admitted he used his dead brother to defraud a trade union of worker benefits was sentenced Thursday in federal court to serve two years of probation-- including six months of detention-- and ordered to perform 100 hours of community service, according to the U.S. Attorney's Office. Prosecutors said 61- year-old Timothy McCluskey,...
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POSTED FEBRUARY 15, 2019 11:02 AM
|SEC Extends Comment Period For Proposed Rules On VA And Variable Life Disclosures
The Securities and Exchange Commission issued the following news release:. The Securities and Exchange Commission today announced that it is extending for one month the comment period on the proposed rulemaking to amend rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance...
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POSTED FEBRUARY 15, 2019 8:30 AM
|AIG Reports Fourth Quarter 2018 Results
American International Group, Inc. today reported a net loss of $622 million, or $0.70 per share, for the fourth quarter of 2018, compared to a net loss of $6.7 billion, or $7.33 per share, in the prior-year quarter. “Our fourth quarter 2018 results showed positive improvements in General Insurance, reflecting actions we took throughout the year to re-position and...
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POSTED FEBRUARY 13, 2019 9:16 PM
|Brighthouse Launches First Life Product Since MetLife Spinoff
With its LTC rider, SmartCare arrives at the intersection of two key retirement trends: rising costs of long-term care and increasing life expectancies. It is estimated that 50 percent of Americans turning 65 today will require some form of long-term care, with average lifetime long-term care expenses of $266,000, Brighthouse noted.
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POSTED FEBRUARY 13, 2019 1:31 PM
|NAIC Group Puts IUL Illustration ‘Multipliers’ Under Microscope
A National Association of Insurance Commissioners' subgroup had disagreement today during its first conference call today on IUL illustrations. The issue is whether IUL multipliers are fooling consumers into under-funding policies, or an appropriate risk-reward option.
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POSTED FEBRUARY 12, 2019 9:43 PM
|Bermuda Life Insurance Sector Marks 2018 Growth
The number of Bermuda- based companies in the sector, which provides global coverage of life, annuity and pension products, more than doubled in 2018, compared to the previous year. A total of 15 new long-term companies were licensed in Bermuda last year, compared to six registrations in 2017— marking the greatest year-on-year growth across all insurance...
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POSTED FEBRUARY 12, 2019 4:53 PM
|Former Principal Accused Of Killing Husband For Life Insurance Due In Court
Leslie Chance, 52, faces a life term in prison if convicted of the first-degree murder charge filed against her. Chance was first arrested days after the body of Todd Chance, 45, was found the morning of Aug. 25, 2013, in a field off a dirt section of Noriega Road near Enos Lane. She then abandoned the car in a southwest Bakersfield neighborhood before getting home by...
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POSTED FEBRUARY 11, 2019 8:05 PM
|Lincoln Financial’s Newest Life Products Address Greater Flexibility
RADNOR, PA, February 11, 2019 – In response to increasing consumer preference for holistic financial solutions that meet multiple planning...
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POSTED FEBRUARY 11, 2019 7:46 PM
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