Aviva Unit Said to Draw Apollo, Harbinger, Guggenheim Bids
{September 30th, 2012} by Zachary R. Mider, Kevin Crowley and Aaron Kirchfeld
By Zachary R. Mider, Kevin Crowley and Aaron Kirchfeld on September 29, 2012 http://www.businessweek.com/news/2012-09-29/aviva-u-dot-s-dot-unit-said-to-draw-apollo-harbinger-guggenheim-bids Aviva Plc (AV/) got offers from Apollo Global Management LLC (APO), Harbinger Capital Partners and Guggenheim Partners LLC for a U.S. life insurance division it’s seeking to sell, said people with knowledge of the matter. The unit may fetch more than […]
Prudential to acquire The Hartford’s Individual Life Insurance business
{September 30th, 2012} by Sheila Bridgeforth
Integration of businesses will create powerful market leader Jim Avery will retire and Kent Sluyter will become CEO of Prudential’s Individual Life Insurance business after closing Press Release: Prudential Financial, Inc. – Thu, Sep 27, 2012 4:20 PM EDT NEWARK, N.J.–(BUSINESS WIRE)– Prudential Financial, Inc. (PRU) today announced that it has reached a […]
Not without criticism, TD Ameritrade opens an 'insurance agency' for RIAs that want to provide annuities
{September 30th, 2012} by Kelly O'Mara
Schwab says it will also use more annuities to meet the swelling demand for retirement income but Jefferson National’s CEO questions the custodians’ focus on traditional annuities Friday 9.28.12 by Kelly O’Mara Brooke’s Note: The whole country was outraged when what looked like an interception by the Green Bay Packers at the end of the […]
Hartford Rallies on Capital Gain From Life-Unit Sale
{September 30th, 2012} by Susanna Pak
By Susanna Pak – Sep 28, 2012 Hartford Financial Services Group Inc. (HIG) advanced the most on the 22-company Standard & Poor’s 500 Insurance Index after the firm agreed to sell a life unit toPrudential Financial Inc. (PRU) Hartford rose 0.7 percent to $19.44 at 4 p.m. in New York and has climbed 20 percent […]
Worst of Times? Best of Times!
{September 30th, 2012} by Dennis Sweenor
By Dennis Sweenor Published September 28, 2012 Affected by declining interest rates more than any other group, seniors’ dependent on interest income from investments such as CDs and Treasury Securities find themselves scrambling just to maintain a modest living. Interest rates are at the lowest levels not seen in more than 10 years! Seniors continue […]
National Life Group Addresses the Needs of an Underserved Market
{September 30th, 2012} by Beth Rusnock
September 24, 2012, Montpelier, VT – National Life Group introduces two products from its member companies, NL ValuGuard Survivorship Whole Life Insurance offered by National Life Insurance Company and LSW ProtectorLife Whole Life Insurance offered by Life Insurance Company of the Southwest, to help address the insurance needs of individuals and families who are seeking […]
CNO Financial Group Announces Completion of Recapitalization and Third Quarter Share Repurchases
{September 30th, 2012} by N/A
PR Newswire Association LLC CARMEL, Ind., Sept. 28, 2012 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) announced today that it has entered into a new senior secured credit agreement consisting of a $250 million four-year term loan facility and a $425 million six-year term loan facility and closed its private offering of $275 […]
Sagicor Life Insurance Completes Acquisition Of PEMCO
{September 30th, 2012} by N/A
TAMPA, Fla., Sept. 28, 2012 /PRNewswire/ — Sagicor Life Insurance Company (Sagicor USA) is pleased to announce that it has completed its acquisition of PEMCO Life Insurance Company (PEMCO Life), a Washington-based company, at the close of business. PEMCO Life and its approximately 7,500 policyholders will join the approximately 60,000 current policyholders of Sagicor USA […]
Up Market Not Ideal Time For Retirement
{September 30th, 2012} by Janese Silvey
Janese Silvey People delaying retirement until the economy improves might want to reconsider: A University of Missouri researcher has found that retiring during economic booms can cause problems for one’s long- term financial stability. Rui Yao, an assistant professor of personal financial planning in the College of Human Environmental Services, knows once people meet […]
Obamacare: AARP's Get-Rich-Quick Scheme
{September 27th, 2012} by Examiner Editorial, The Washington Examiner
By Examiner Editorial, The Washington Examiner Proquest LLC A politician spoke to a top D.C. special interest group on Monday. He told them that his legislation helped make them richer at taxpayers’ expense and received their applause for doing so. Sound outrageous? Well, consider this: The speaker wasPresident Obama, and the special interest group was […]
The Latest on the 70/10 Rule
{September 26th, 2012} by Sheryl J. Moore
We are receiving an insurmountable number of calls regarding the announcement of Ohio’s pending adoption of the 70/10 Rule (often referred to as the 10/10). In response, I wanted to update everyone on this anti-competitive regulation that has been adopted (in some form) or put on the table by more than one-out-of-four states in our nation. This is regulation […]
AWESOME Statistics and Facts on Retirement and Life Insurance
{September 26th, 2012} by Sheryl J. Moore
Just read this week’s Investment News, and came across some fabulous data that I thought could benefit you all. 1. Key findings of ING U.S. via a survey conducted in July by Praxis Research Partners: – 51% of uninsured Americans consider life insurance to be an expense that they cannot afford – One out of […]
AnnuitySpecs.com Releases Second Quarter, 2012 Indexed Sales Results
{September 24th, 2012} by Sheryl J. Moore
A period of flux for indexed annuities Pleasant Hill, Iowa. -Forty-five indexed annuity carriers participated in the 60th edition of AnnuitySpecs.com’s Indexed Sales & Market Report, representing 99% of indexed annuity production. Total second quarter sales were $8.7 billion, up more than 8% from the previous quarter. As compared to the same period last year, […]
