Life Insurance

PRNewswire — Rod Farmer, CEO & President of Imerica Life and Health Insurance Company, today announced the appointment of 2 seasoned sales executives for the continuing expansion of its health insurance plans in the Illinois, Georgia and Alabama markets. Both Tom Cocagne (Illinois) and Bruno Guillemette (Georgia & Alabama) each bring well over 20 years […]

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PRNewswire — iPipeline is pleased to announce Massachusetts Mutual Life Insurance Company (MassMutual) has contracted with iPipeline to syndicate their life forms directly onto their distribution partners’ websites. Using iPipeline’s content repository, MassMutual now makes it quicker and easier for life brokerage agencies to offer their producers access to the forms necessary to write new […]

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Only 69 percent of families have any life insurance protection, and most of them have too little. The difficulty of facing the risk of dying and the seemingly vast array of life insurance products from which to choose makes this a financial decision that’s easy to put on the back burner. But if you have […]

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PRNewswire-FirstCall — Genworth Financial today announced that it has entered into an agreement to acquire Continental Life Insurance Company of Brentwood, TN, a provider of Medicare supplement insurance for the past 22 years. Genworth will combine its existing Medicare supplement business with Continental Life and the consolidated operations will report to Genworth’s long term care […]

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A French former banking executive will pay $500,000 and be banned from the United States for three years after pleading guilty in federal court to criminal counts stemming from the aftermath of Executive Life Insurance Co.’s collapse. Jean Peyrelevade, 66, former chairman and chief executive officer of Credit Lyonnais, pleaded guilty to two criminal counts […]

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PRNewswire — Fort Dearborn Life Insurance Company, in an effort to provide employers and their employees with more affordable access to dental care, has launched its first national Preferred Provider Organization (PPO) Group Dental Insurance program. Available on both an employer-paid and voluntary basis, this PPO group dental program is designed for both the employee’s […]

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PRNewswire — Minnesota Life Insurance Company is providing a new group life insurance program to law firms nationwide through American Bar Insurance Plans Consultants, Inc. (ABI). The ABI- sponsored program, called “Unique Group Life Solutions,” will provide a range of customized group life plans for American Bar Association (ABA) member law firms.”The ABI leverages the […]

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PRNewswire-FirstCall — AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON N.V. and the Chinese National Offshore Oil Corporation (CNOOC), has received a license from the regulatory authorities to begin life insurance activities in China’s Shandong province.AEGON-CNOOC will be an early foreign entrant in the province when it opens its first office in […]

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Life insurance is an excellent way of providing financial support for a surviving spouse or children upon the death of the family breadwinner or if both parents die. In certain cases, however, the IRS may take as much as 46 percent of the insurance death benefit.Although life insurance death benefits are not taxed as income […]

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Independence Holding Co.’s subsidiary Madison National Life Insurance Co. has acquired a block of traditional and universal life policies and annuity contracts with about $35 million of reserves, the company said. It is the second block acquisition the company completed in 2005. In June of last year, Madison National Life closed on the acquisition of […]

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