“Viatical” sounds like something Bob Dole would peddle on TV, but it refers to an insurance-industry practice that state Rep. Jay Hottinger (R-Newark) believes ought to be changed.Hottinger is the sponsor of H.B. 404, introduced after Thanksgiving, which would change the way Ohio governs “stranger” life insurance. Known in the insurance industry as STOLI policies, […]
PRNewswire — With 2008 just around the corner, now is the perfect time to make sure your insurance program is up to date. An important first step is to seek the advice of a trusted advisor who can help you make smart decisions. Today, the nonprofit Life and Health Insurance Foundation for Education (LIFE) offers […]
The Life Insurance Finance Association applauds the adopted amendments to The National Conference of Insurance Legislators (NCOIL) Life Settlements Model Act, which was adopted unanimously, reflecting the collaboration of all parties.This action was taken only after fully vetting all issues over more than 40 hours of meetings between all interested parties in concert with the […]
supp hd PRUCO LIFE INSURANCE COMPANY PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY Strategic Partners Annuity One 3 Strategic Partners Plus 3 Strategic Partners FlexElite (Pruco Life Insurance Company only) Supplement to Prospectuses Dated May 1, 2007 Supplement dated January 28, 2008 This Supplement should be read and retained with the current Prospectus for […]
supp hd PRUCO LIFE INSURANCE COMPANY PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY Strategic Partners Annuity One 3 Strategic Partners Plus 3 Strategic Partners FlexElite (Pruco Life Insurance Company only) Supplement to Prospectuses Dated May 1, 2007 Supplement dated January 28, 2008 This Supplement should be read and retained with the current Prospectus for […]
Prudential Financial, Inc. (NYSE:PRU) today introduced MyTermSM, a simplified issue term life insurance policy available through the Internet to customers of select banks and other financial institutions. Through a completely online and automated process that can be accessed from virtually anywhere, MyTermSM can deliver a policy in about 10 minutes to qualified customers that may […]
Mr. Duncan N.R. Jackman, Chairman of the Board of Directors of The Empire Life Insurance Company (Empire Life) is pleased to announce the appointment of Mr. Leslie (Les) C. Herr, MBA, CFP, CLU, CH.F.C., as President and Chief Executive Officer of The Empire Life Insurance Company, effective April 1, 2008. Mr. Herr will succeed Mr. […]
North Coast Life Insurance Company (OTCBB:NCLIP) (OTCBB:NCLI) announced today that it is suspending the December 31, 2007, quarterly dividend on its 10% Series A Preferred Stock.The Company announced on October 30, 2007, that it had experienced a $393,000 decline in the Surplus account for the first three quarters of 2007. At that time, declaration of […]
MetLife, Inc. (NYSE: MET) announced today that three of its life insurance subsidiaries (Metropolitan Life Insurance Company, New England Life Insurance Company and General American Life Insurance Company) will pay an aggregate amount of approximately $1.7 billion in policy dividend payments to eligible life insurance policyholders for 2008.I am pleased to announce that we have […]
For most who buy it, life insurance serves one simple and important purpose: providing cash for your family after your death. But there are some creative ways you can use life insurance to put money in your own pocket long before your demise.For instance, you can use life insurance as a tax-favored retirement savings plan […]