Archive for November, 2005

Joseph A. Caruso Promoted to Executive Vice President of The Guardian Life Insurance Company of America

PRNewswire — The Guardian Life Insurance Company of America (Guardian) announced the promotion of Joseph A. Caruso to Executive Vice President and Corporate Secretary effective January 1, 2006. Mr. Caruso was previously Senior Vice President and Corporate Secretary at Guardian. He was appointed to Guardian’s Board of Directors in January 2005.In Mr. Caruso’s new role, […]

The Guardian Life Insurance Company of America Honored By State of Israel Bonds Insurance Division, Guardian President and CEO Dennis J. Manning Announces New $2 million Commitment to Purchase Israel Bonds

PRNewswire — The Guardian Life Insurance Company of America (Guardian), the fourth largest mutual life insurance company in the United States, was recently honored by the State of Israel Bonds Insurance Division.Guardian President and CEO Dennis J. Manning accepted the Neil D. Levin Memorial Award on behalf of the company during the annual luncheon for […]

John Hancock Launches New Comprehensive Charitable Planning Virtual Sales Tool Kit, Provides Financial Advisors with Tools to Help Clients Use Life Insurance to Make Charitable Gifts, Preserve Personal Wealth Covers Range of Planning Techniques, from Simple to Complex

PRNewswire-FirstCall — Continuing its commitment to provide financial advisors with resources to help their clients, John Hancock’s Advanced Markets group has launched a new comprehensive charitable planning virtual sales tool kit. The kit, available on CD-ROM, includes new sales, marketing and educational materials to demonstrate how clients can use life insurance to provide a lasting […]

George T. Conklin Jr., Former Chairman and CEO of The Guardian Life Insurance Company of America Passes Away at Age 90, Served the Company for Nearly 57 Years, and Ushered Guardian into the Computer Age

PRNewswire — George T. Conklin Jr., former CEO of The Guardian Life Insurance Company of America (Guardian) passed away on November 4, 2005 at the age of 90. Conklin, born in Merrick, NY, joined Guardian in 1939 and was appointed President and CEO in 1971. He served the company for nearly fifty-seven years. He became […]

Life insurance policies are at low rates

Consumers have had a fabulous opportunity in recent years to refinance their home mortgage because of historically low interest rates. But the opportunity is fading as mortgage rates rise.Now the time is right to “refinance” your term life insurance. Term life rates, which have been falling sharply, are expected to drop another 3 percent in […]

Banks’ Life Policy Sales Fell; Sovereign Notes Obstacles

Banks have lost ground in life insurance sales this year as overall demand for the product fell, according to Kenneth Kehrer Associates.The Princeton, N.J., consulting firm, which tracks bank sales of insurance and investment products, said life insurance premiums from new sales slid 12.2% in the first half of this year, to $555 million, compared […]

LICA Announces Life Carrier Study of the Secondary Market for Life Insurance is Seriously Flawed, The Study Misleads the Market

PRNewswire — An insurer funded study of the secondary market for life insurance used flawed data, contained serious actuarial errors, and ignored the economic benefits of life settlements, two prominent economists have concluded in a report released today, the Life Insurance Consumers Alliance (LICA) announced.The new report, which reviews the methods and conclusions of a […]

Cutting Red Tape: You May Now Buy Life Insurance From The Hartford Without a Medical Exam or Blood Test, The Hartford Streamlines Its Underwriting Requirements To Make Buying Life Insurance Easier Than Ever

PRNewswire-FirstCall — As part of an ongoing effort to make buying life insurance simpler and easier, The Hartford Financial Services Group (NYSE: HIG) is streamlining its underwriting requirements, including the elimination of medical exams and tests for some applicants.The new underwriting initiatives are designed to make The Hartford’s underwriting processes more convenient, less intrusive and […]

The Guardian Life Insurance Company of America Puts Its Policyholders First in the Aftermath of the Hurricanes

PRNewswire — Following what has been described as one of the worst hurricane seasons in history, The Guardian Life Insurance Company of America (Guardian) continues to provide unprecedented support and assistance to those individuals and businesses affected by the recent storms. As a mutual company, Guardian has a 146 year history of putting policyholders first. […]

Eve Pentecost: Life insurance choices not always easy

Life insurance has been around for centuries and serves to protect against the risk of premature death. Let’s set straight some of the confusion surrounding this important purchase. Probably the most controversial words in the life insurance industry are “buy term coverage and invest the difference.” Certified Financial Planner
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