Life Carriers Look At Bundling To Boost Sales
{March 4th, 2014} by Cyril Tuohy
Life insurance sales are flat, so what’s a life carrier to do? Why not bundle other products onto the life platform? That’s exactly what some carriers have done: adding critical illness, long-term care and disability riders onto the basic policy. Now American International Group (AIG) has gone further with its AG Asset Protector product. The […]
Incoming OneAmerica Chief Has Big Goals For Growth
{March 4th, 2014} by Chris O'Malley
As Scott Davison steps into the shoes of OneAmerica’s retiring CEO Dayton Molendorp, who led a massive expansion of the company in recent years, he’ll be challenged to keep growing pains at a minimum. Davison needs to make sure the footprint of people peddling its policies and retirement plans grows. He needs to see that […]
National Life Group reports record financial results for 2013
{March 4th, 2014} by N/A
National Life Group reports record financial results for 2013 Fri Feb 28 2014 Related Company: National Life Group National Life Group has released its consolidated financial results for 2013, reporting new records in net income, total assets under management, life insurance sales, flow […]
U.S. stocks fall amid global selloff on Ukraine turmoil
{March 4th, 2014} by Sofia Horta e Costa and Callie Bost
Bloomberg) — U.S. stocks sank, tracking a global selloff in equities, as investors sought havens on concern that Russia’s military presence in Ukraine could lead to a larger conflict. General Electric Co. and 3M Co. each plunged 1.8 percent to pace declines among large industrial shares. Financial shares tumbled, as Visa Inc. and American Express […]
Fourteen Facts About Women’s Risky Retirement Outlook
{March 4th, 2014} by PR Newswire Association LLC
LOS ANGELES, March 4, 2014 /PRNewswire/ — In recognition of International Women’s Day and its focus on women’s social, political and economic advancement, nonprofit Transamerica Center for Retirement Studies® (TCRS) has released a study, Fourteen Facts About Women’s Retirement Outlook (Fourteen Facts), to raise awareness of the financial risks women inthe United States face and […]
FINRA Issues Rollover IRA Regulatory Notice
{March 4th, 2014} by Cyril Tuohy
For advisors, helping clients move money into individual retirement accounts (IRAs) from a defined contribution plan is fraught with important tax decisions, potential conflicts of interest and suitability considerations. Financial Industry Regulatory Authority (FINRA) has posted a reminder of the pitfalls of rollovers by posting Regulatory Notice 13-45 on its website. FINRA says in a […]
Acquisitions boost insurers’ performances
{March 4th, 2014} by Warren S. Hersch
Analysis of major acquisitions completed by global, publicly traded insurance companies between 2008 and 2013 shows the acquirer’s share price has outperformed the insurance industry average by 4.2 percentage points in the short term. The analysis was extracted from the ongoing Quarterly Deal Performance Monitor (QDPM) compiled by Towers Watson (NYSE, NASDAQ: TW) in partnership […]
Do men grieve differently than women?
{March 4th, 2014} by Amy Florian
It is popular these days to highlight differences between men and women, especially since the publication of the book “Men Are From Mars, Women are from Venus.” For instance, people readily proclaim that men grieve differently than women. Yet there is danger in generalizing too much. You risk losing your credibility (and your clients) if […]
Former Pearl Jam Executive Sentenced To Prison For Embezzlement
{March 4th, 2014} by Mikael Wood, Los Angeles Times
March 01–A business executive who stole nearly$400,000 from the rock band Pearl Jam was sentenced Friday inWashington state to 14 months in prison. Rickey Goodrich, former chief financial officer for Pearl Jam’s management company, pleaded guilty in December to six counts of first-degree theft “for using company accounts to pay personal debts and fund lavish […]
John Hancock Offers Improved LTC Rider On All Single Life Products
{March 4th, 2014} by PR Newswire Association LLC
PR Newswire Association LLC BOSTON,March 3, 2014 /PRNewswire/ –John Hancock Insurance today announced that it has launched an improvedLong-Term Care (LTC) rider that is available on many of its life insurance products. The rider now provides greater design flexibility when insuring against rising costs of long-term care. “The need for long-term care represents one […]
Iowa Insurance Agent Pleads Guilty To Mail Fraud
{March 3rd, 2014} by Jeff Reinitz, Waterloo-Cedar Falls Courier, Iowa
By Jeff Reinitz, Waterloo-Cedar Falls Courier, Iowa McClatchy-Tribune Information Services March 03–CEDAR RAPIDS — A former Dike insurance agent has pleaded guilty to allegations she made up policies to collect commissions. According to court records,Melissa Ilene Williams, 46, used forged people’s signatures on bogus life insurance policies and collected$170,292 in fraudulent commissions fromFuneral Directors Life […]
