Though bank sales of life insurance grew robustly last year, these sales remain an insignificant part of bank revenues — an opportunity not yet grasped.Observers said the life insurance market is ripe for picking, since many Americans are either underinsured or have no life insurance at all.But banks have yet to crack the market — […]
Safeco Corp. is adding to its online offerings, allowing life-insurance customers to buy instant coverage over the Internet.The Seattle-based insurer, which is in the midst of a major turnaround effort, plans to unveil the coverage, which is part of a the company’s new Safeco Now program, this week. It will allow Safeco to take a […]
Most life insurance agents don’t draw much attention in the general business press. In Indianapolis, Daniel Brunette was an exception.Operating in a midsize market, for years he wore the crown as top sales agent nationally for Milwaukee-based Northwestern Mutual Life Insurance Co.He’s still in the top ranks — No. 3 in sales nationally, according to […]
In 1856, the Charter Oak Life Insurance Co. printed a pamphlet offering slave owners in six Southern states the option of insuring the lives of their slaves.For just $2, Kentucky, Missouri and Tennessee residents, for example, could buy a 12-month policy from the Hartford, Conn.based insurer on a 10-year-old domestic servant that would yield $100 […]
The daughter of a Vidor woman killed 11 years ago now is entitled to collect life insurance money awarded to her in a 1999 wrongful death lawsuit, an Orange County judge ruled Friday.Monica Page was awarded just over $42,000 from a life insurance policy belonging to her mother, Kathy Page. The court held the money […]