A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and assigned issuer credit ratings (ICR) of ?a? to Kansas City Life Insurance Co. (Kansas City Life) [NASDAQ: KCLI] and its subsidiary, Sunset Life Insurance Company of America. The rating outlook has been revised to stable from negative. Additionally, A.M. Best has upgraded […]
Kansas is among several states slated to share in a $400,000 multistate regulatory settlement by Western and Southern Life Insurance Co. in connection with a market conduct exam that revealed past discriminatory underwriting practices. Despite the settlement announced by the Kansas Department of Insurance on Dec. 19, Kansas Insurance Commissioner Sandy Praeger said, concerns linger.”I […]
Last time I touched on the need for life insurance and a personalized plan. Today, let’s take a look at some of the products.Life plans come in two broad categories: term and permanent.Term insurance is the plan most people think of when thinking of life insurance as it only pays a death benefit and has […]
PRNewswire — Forethought Life Insurance Company (”Forethought”) announced today that its Best’s Rating of A (Excellent) was affirmed by A.M. Best Company, based on their opinion of Forethought’s financial strength.The rating assigned to Forethought Life Insurance Company reflects its leading market presence within the preneed life insurance industry and enhanced distribution capabilities. Also factoring into […]
An audit by the state’s Legislative Audit Bureau has found numerous problems with the State Life Insurance Fund, a program offering individual life insurance to all state residents.The audit of the program managed by the Office of the Commissioner of Insurance was issued today. Covering a three-year period, the audit reported concerns because the fund’s […]
PRNewswire — A lost or missing life insurance policy can create major problems when handling the affairs of a decedent. Hidden policy benefits may exist, but looking beyond the decedent’s personal papers to the industry at large can be a daunting task. The Policy Locator Service(TM), provided by e-Services Corporation, a wholly-owned subsidiary of the […]
PRNewswire — The Guardian Life Insurance Company of America (Guardian), the fourth largest mutual life insurance company in the country, announced today that it has completed the funding for the Henry A. Deppe Chair in Pensions and Retirement Planning at The American College, the nation’s leading financial services educator. Guardian’s donation helps to complete the […]
PRNewswire — Massachusetts Mutual Life Insurance Company (MassMutual) introduced today two product portfolio enhancements, UL Guard(SM) (individual life) and SUL Guard(SM) (second-to-die life). Both products offer clients the ability to have a guaranteed death benefit, affordable premiums and the option to accumulate cash value.”Research and customer feedback have indicated that life insurance consumers want to […]
PRNewswire — Nationwide Life Insurance Company of America will present rare documents dating to the early 1700s to the Historical Society of Pennsylvania (HSP) on Dec. 6, 2005. The ledgers and journals tie Nationwide Life Insurance to the Philadelphia-based Presbyterian Ministers Fund, America’s original life insurance company. The documents, including materials associated with the family […]