IFAwebnews » Life Insurance News

Combination life insurance product sales rise at ‘remarkable rate’

IFAwebnews Staff — Wed, 23 May 2012 17:07:52 +0000

Combination life insurance products had their third straight year of double-digit growth in 2011, increasing in sales by 56%, as investors sought safety from market uncertainty.

Combination life insurance product sales rise at ‘remarkable rate’ via IFAwebnews.

Pa. men charged in multi-state, ‘elaborate financial fraud scheme’

Bob Graham — Wed, 23 May 2012 02:32:49 +0000

Four Philadelphia-area men were accused of operating “an elaborate financial fraud scheme,” targeting more than 215 senior citizens in Pennsylvania and stealing more than $700,000.

Pa. men charged in multi-state, ‘elaborate financial fraud scheme’ via IFAwebnews.

Small business worries about its role in retirement planning

IFAwebnews Staff — Mon, 21 May 2012 17:36:38 +0000

Small businesses, which comprise 99.7% of all employer firms and employ half of all private-sector employees in the U.S., say they worry about people's retirement planning and their role in it.

Small business worries about its role in retirement planning via IFAwebnews.

Life insurers sell shares in British tech firm to Pa. company

Jaime L. Brockway — Thu, 17 May 2012 11:56:52 +0000

A group of life insurers sold their shares in a United Kingdom-based financial services technology firm to an American technology firm, introducing its business to the UK, Europe and Asia.

Life insurers sell shares in British tech firm to Pa. company via IFAwebnews.

FINRA estimate for IA SROs excludes monetary, administrative details

Jaime L. Brockway — Wed, 16 May 2012 12:01:00 +0000

A consulting group found that FINRA's estimate of the cost to create and manage a self-regulatory organization (SRO) for investment advisors (IA) underestimates overhead costs and overestimates IA examiner productivity.

FINRA estimate for IA SROs excludes monetary, administrative details via IFAwebnews.

Most insurance agencies seeing better results than last year

Bob Graham — Tue, 15 May 2012 11:18:49 +0000

Insurance agency owners say most saw greater profits in the first quarter than in the last year, according to the latest IFAwebnews.com poll.

Most insurance agencies seeing better results than last year via IFAwebnews.

N.Y. forces life insurers to seek out beneficiaries every three months

Bob Graham — Tue, 15 May 2012 11:09:18 +0000

New York has instituted new regulations requiring all life insurers marketing in the state to regularly search a government database of recent deaths, seeking deceased policyholders so beneficiaries who have not made claims can be paid.

N.Y. forces life insurers to seek out beneficiaries every three months via IFAwebnews.

Towers Watson boosts Medicare offerings with $435M Extend Health deal

IFAwebnews Staff — Mon, 14 May 2012 13:49:59 +0000

Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.

Towers Watson boosts Medicare offerings with $435M Extend Health deal via IFAwebnews.

NAIC’s framework on UL with secondary guarantees seen ‘positively’

Bob Graham — Mon, 14 May 2012 13:32:45 +0000

A key ratings service said it “views positively” the draft framework proposed by state insurance commissioners for evaluating reserves of universal life products with secondary guarantees.

NAIC’s framework on UL with secondary guarantees seen ‘positively’ via IFAwebnews.

Court rebukes Pa. insurance regulator for Penn Treaty liquidation plan

Bob Graham — Fri, 11 May 2012 14:09:59 +0000

A Pennsylvania court – for the first time – rejected a Pennsylvania insurance regulator's plan to liquidate two long-term care insurance companies.

Court rebukes Pa. insurance regulator for Penn Treaty liquidation plan via IFAwebnews.