PRNewswire — MIB Solutions, Inc. presented a seminar on its Claims Activity Index (CAI), the first industry-wide database to help prevent life insurance claims fraud, to the delegates of the 97th annual meeting of the International Claim Association in Seattle last month. Featured speakers, Douglas M. Mertz, MIB Solutions’ vice president of sales, Blake Cole, […]
Most people only think of buying life insurance, not selling it. But in certain circumstances, selling your life insurance policy could be a good idea. There are many companies that offer viatical and life settlements. A viatical settlement is a cash offer for your life insurance, if you are terminally ill. A life settlement is […]
Most people only think of buying life insurance, not selling it. But in certain circumstances, selling your life insurance policy could be a good idea! There are many companies that offer viatical and life settlements. A viatical settlement is a cash offer for your life insurance, if you are when you have a downturn in […]
PRNewswire-FirstCall — National Western Life Insurance Company (NASDAQ: NWLIA) marked the official debut of its domestic agent bonus plan, HARVEST. The plan, which stands for Heaped Agent Rewards VESTed, rewards the company’s domestic agents who generate at least $1 million in annuity premium or $50,000 in life premium each paid and collected in the plan […]
PRNewswire — Emerald Financial Resources, a Massachusetts Mutual Life Insurance Company (MassMutual) general agency based in Bridgewater, NJ, announced today it has reached a key milestone in its business — $2 billion of life insurance coverage in force issued by MassMutual and its affiliates.”Our agency is committed to understanding our clients’ needs and helping them […]
Faced with higher statutory reserve requirements for universal life insurance with secondary guarantees, among the industry?s best-selling products, company executives during third-quarter earnings conference calls outlined their strategic use of the capital markets to fund what they call ?redundant reserves.? As for earnings, results were mixed. Profits for MetLife Inc., Hartford Financial Services Group Inc., […]
Nov. 16 TOKYO Meiji Yasuda Life Insurance Co. said Thursday it will raise a guaranteed yield to 1.5 percent from 1.1 percent on single-premium endowment life insurance policies to be purchased from Jan. 2 and on. The rise comes as market interest rates have soared on improvements in the investment climate, the company said.Premiums will […]
Death is a certainty, so a good life insurance policy can pay off I It has been said the only things in life that are certain are death and taxes. Since we have just, thankfully, gotten past all the rhetoric about taxes this election season, we will focus on the other certainty — death.I realize […]
PRNewswire — Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, has announced the signing of a letter of intent to acquire a New York-domiciled life and accident and health insurance company to be named at a later date. The stock purchase acquisition is expected to […]
A.M. Best Co. has affirmed the financial strength ratings (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of Kansas City Life Insurance Co. (Kansas City Life) [NASDAQ:KCLI] and its subsidiary, Sunset Life Insurance Company of America. Additionally, A.M. Best has affirmed the FSR of B++ (Very Good) and ICR of “bbb+” […]