The Life Insurance Settlement Association said a controversial life insurance fund-raising arrangement at Oklahoma State University “abuses the tax-exempt status of life insurance and the tax-exempt status of the not-for-profit university.” Earlier this month, Oklahoma State announced it borrowed $20 million to pay premiums to Lincoln National Life Insurance Co. for $10 million in individual […]
Gaining momentum from its 2004 acquisition by Canada?s Manulife Financial Corp., John Hancock Life Insurance Co. in 2006 ranked No. 1 by total individual life insurance sales in the United States. The Boston-based John Hancock?s sales reached $735 million in new annualized premium in 2006, an increase of nearly 20%, while industry sales grew 6.6%, […]
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Management’s Discussion and Analysis of Financial Condition and Results of Operations, or “MD&A,” addresses the consolidated financial condition of Pruco Life Insurance Company as of December 31, 2006, compared with December 31, 2005, and its consolidated results of operations for the […]
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Management’s Discussion and Analysis of Financial Condition and Results of Operations (”MD&A”) addresses the financial condition of Pruco Life Insurance Company of New Jersey as of December 31, 2006, compared with December 31, 2005, and its results of operations for the […]
Mar. 18 Marvin Stillman of Edina found a way to make the life insurance policy he’d purchased through his company work for him in retirement: He sold it. One of four partners with Seasonal Concepts, a Plymouth-based decor retailer, the 71-year-old Stillman decided he didn’t need the policy after he retired.”We explored getting rid of […]
United States Securities and Exchange Commission Washington, D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 16, 2007 Kansas City Life Insurance Company (Exact Name of Registrant as Specified in Charter) Missouri 2-40764 44-0308260 […]
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information contained herein or in other written or oral statements made by or on behalf of National Western Life Insurance Company or […]
An investor-originated life insurance arrangement put together by billionaire takeover artist T. Boone Pickens to benefit Oklahoma State University’s athletics department is being underwritten by an insurance company that last year vowed to get out of that line of business. The policies, which the university has said will net the school at least $250 million, […]
A federal civil lawsuit alleges a prominent Denver minister is linked to more than $1 million in fraudulent life insurance claims.The lawsuit filed Tuesday by AIG Life Insurance Co. says that among the fraudulent claims involving the Rev. Acen Phillips are one covering the death of his own brother and another on a woman linked […]
ATLANTA, SCHAUMBURG, Ill., WASHINGTON, and WINDSOR, Conn., March 14 /PRNewswire/ — Trends in life insurance product design, speed to market, and individual life and health combination products are just some of the product development issues to be discussed at the Life Insurance Conference, April 16- 18, 2007 at the Westin Peachtree Plaza in Atlanta, GA.The […]