Archive for March, 2004

USAA Names New Life Insurance Company President

USAA, San Antonio Allison Holliday, 210-498-0910 USAA, a diversified financial services provider, has named Kristi A. Matus president of USAA Life Insurance Company. Matus assumed the position effective March 26 following the retirement of James M. Middleton, who was with USAA for 15 years, including four years as president of USAA Life Insurance Company. As […]

March 29th, 2004 | Posted in Life Insurance | No Comments

Class action charges Conseco unit with fraud, Ex-U.S. senator leading suit claims life policies overstated value in effort to boost sales.

Former U.S. senator and astronaut Edwin “Jake” Garn is leading a class-action lawsuit that accuses Conseco Life Insurance Co. of fraud concerning certain universal life insurance policies the company has sold and administered during the past 15 years. Filed Tuesday in U.S. District Court in Indianapolis, the suit alleges that the long-term value of products […]

March 19th, 2004 | Posted in Life Insurance | No Comments

The Secondary Market for Life Insurance Expanding Rapidly; Coventry First Tops $2 Billion in Life Insurance Policies Acquired

Coventry First Kirstin Crouthamel, 877-836-8300 info@coventryfirst.com Coventry First, the creator of the secondary market for life insurance, today announced the company has acquired more than $2 billion in life insurance policies (estimated face value) since November 2001. Company officials point to the $2 billion milestone as evidence of the growing recognition of the secondary market […]