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 […]

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 […]

Do you really need life insurance?

Ask the simple question ”Do you need life insurance?” and you’ll get very many different answers. Whether or not you need life insurance coverage depends entirely on the life circumstances of each individual.Many life insurance salespeople will gloss over this very crucial question and move quickly to the next related question: ”How much life insurance […]

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 […]

Life insurance buyers opting out of group policies

When Dwight Hill was starting a family a couple of years ago, he bought life insurance that was offered through his company. Then he lost his job - and with it, the insurance policy. When he landed a position as a manager at Deloitte, he declined his new employer’s offer of a group policy. Instead, […]