Life Insurance News
Sun Life to halt variable annuity, individual life sales in U.S.
Sun Life Financial announced that it will stop selling new variable annuity and individual life products in the U.S., effective Dec. 30.
Life insurance application activity showed a meager 0.5% gain in November, although researchers said the “no change” status signaled a “positive tone.”
OneAmerica Financial Partners says its enterprise sales growth for the year was 29% through the third quarter over the same period the prior year.
A New York investigation into life insurers failing to match life insurance policies against master files of deaths has resulted in more than $52.6 million in payments to 7,934 beneficiaries.
Arthur J. Gallagher & Co. acquired a Tallahassee, Fla.-based employee benefits communication and enrollment firm as it seeks to expand in the voluntary benefits market.
New indexed annuity offerings offer salve for burned investors
Variations on the indexed annuity offerings are providing a growing number of pre-retirees and retirees with new financial planning options.
U.S. Senate Republican Leader Mitch McConnell (R-Ky.) said Nov. 29 he was crafting a plan with other Republicans to extend payroll tax cuts, which if allowed to expire this year could could cause the average family making $50,000 per year to have to pay an additional $1,000 in income taxes for 2011.
Life insurance buyers want to meet agent, see needs analysis
Life insurance buyers who meet face-to-face and receive a recommendation on how much life insurance to buy are more apt to buy policies, according to new research.
Two Rhode Island men, including a lawyer, were charged with allegedly stealing the identities of terminally-ill patients and elderly to obtain more than $25 million from insurance companies and bond issuers.
LPL Financial raising fees, other levies for 12,800 advisors
A national independent broker-dealer is raising fees, including its advisor affiliation fee, starting Jan. 1, 2012, after two decades of maintaining the same rates.

Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies

Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment

Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage


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