Life Insurance News
Many small business owners struggle to find affordable, easy and effective ways to reward and retain key employees. So-called endorsement split-dollar life is often a viable, yet little-known solution, that can be offered to select employees.
While MetLife Inc. has made no secret of its efforts to scale back its exposure to the U.S. annuity market, the latest statutory data available shows a particularly steep drop in business for the life insurer. MetLife ranked seventh in the first quarter of 2014, after being in the top spot for the first quarters of 2013 and 2012.
New York’s financial-services regulator told fellow watchdogs they are failing to address a “gaping regulatory problem” that he said allows life insurers to artificially inflate reserves.
A former broker who masterminded an annuity scheme to profit from the deaths of terminally ill patients has agreed to an $850,000 fine and to be banned from the securities … Read →
The announcement last week that Genworth would be conducting a comprehensive review of the adequacy of its long-term care insurance (LTCi) claim reserves during third-quarter 2014 is marking some renewed concerns for the industry, according to Fitch Ratings.
MetLife announced that it is reducing rates on its Guaranteed Level Term product as part of the company’s efforts to enhance its life insurance portfolio.
Global merger and acquisition activity in the life and health industry during the first six months of 2014 is on track, in terms of total dollar value, to be consistent with full-year 2013 reported activity.
MetLife Inc. became the latest big financial firm to settle protracted litigation. Its alleged offense: excessive faxing.
The nation’s biggest life insurer by assets agreed to pay $23 million to resolve … Read →
The SEC charged an ex-UBS broker with falsifying statements and stealing $730,000 from elderly clients, some of whom were legally blind.
Authorities said the Roanoke, Va.-based broker, Donna Jessee Tucker, allegedly … Read →
Many insurance carriers report frustration in their efforts to make agents enthusiastic about the power of social media.
While the reasons agency owners give for remaining on the sidelines are compelling, jumping into social media may turn out to be fundamental to an agency’s future.