Life Insurance News
The Penn Mutual Life Insurance Company, a 166-year-old company, is pleased to announce that its Board of Trustees has approved a 2014 dividend award that maintains the same dividend scale as its 2013 award, allowing for equitable dividends for qualifying policyholders. The 2014 award of $33.2 million represents a seven percent increase in total payout over the 2013 award.
NAIFA Carroll-Howard, a professional association of financial and insurance advisors, installed its 2013 to 2014 association year officers at the monthly meeting in November.
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WASHINGTON, D.C. – The Insured Retirement Institute (IRI) reported final third-quarter 2013 sales results for the U.S. annuity industry, based on data reported by Morningstar Inc. and Beacon Research. Bolstered by the highest fixed annuity sales since the second quarter of 2009, industry-wide annuity sales reached $57.5 billion during the third quarter of 2013 – a 5.5% increase from $54.5 billion in the previous quarter and an 8.7% increase from $52.9 billion in the third quarter of 2012.
Global insurers are regaining their appetite for mergers and acquisitions (M&A), according to a survey of senior insurance M&A executives conducted by global professional services company Towers Watson in conjunction with global intelligence provider Mergermarket.
Maryland Insurance Administration to review long-term care insurance regulations as required by law.
In the past three months, Securian Financial Group launched four indexed universal life insurance products, a new term life product and added three distribution networks in the state of New York.
NAIFA-Greater Washington will host its annual Holiday Luncheon to honor longtime members and National Quality Award recipients on Thursday, Dec. 5, at Congressional Country Club in Bethesda, Md.
New York Life, America’s largest mutual life insurer, announced strong third quarter gains in sales of life insurance, annuities and mutual funds, as well as a solid increase in agent new hires in the first nine months of 2013. New York Life agents recorded a 10% increase in sales of recurring premium whole life insurance and an 11% increase in total annuity sales compared with the first nine months of 2012.
A third quarter earnings increase of 188% was reported by publicly held life insurance companies in the U.S. compared to the same period in 2012, according to a new report.
How Americans feel about the process of saving for retirement has a direct effect on their actions and success as savers.