Life Insurance News
Sun Life, Cigna partner to offer expanded insurance, medical access
Sun Life Financial, based in Wellesley, Mass., announced it will market its stop-loss insurance through Cigna Payer Solutions, a network connecting third-party administrators with health care providers.
Variable annuity (VA) sales rose 16% in the third quarter, totaling $40.2 billion, according to the LIMRA’s third quarter 2011 U.S. Individual Annuities Sales survey.
Annuity sales are being influence by increasing emotion and a desire by buyers to secure their retirement, not accumulate wealth, a new report finds.
Affluent Americans anxious, frustrated, acting on market worries
The number of market pessimists among America’s wealthy is slightly higher than optimists, according to a new survey.
High net-worth individuals value help with wealth planning ‘complexity’
Nearly one-quarter of high net-worth individuals do not trust their children or stepchildren to protect their inheritance, a belief that creates “increasing complexity” in dealing with handling their wealth.
Slightly more people applied for life insurance in October
The number of individually underwritten life insurance applications filed rose 1.6% in October, compared to the same period last year, according to the monthly MIB Life Index.
Value to workers, not cost-cutting, key voluntary-benefits driver
Employers are offering voluntary benefits more to benefit their employees than to cut costs, n cost driven, according to new research.
Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., acquired the employee benefits division of a Marlborough, Mass.-based agency, adding about $600,000 in annual revenue to its middle-market operations.
A former New York, N.Y., insurance producer pleaded guilty to defrauding three life insurance companies of about $33 million, one year after he was sent to prison for three years for a similar life insurance scheme.
Majority see stock market ‘chugging along’ for rest of year
The stock market is going to appear at the end of this quarter to be in the same state as it is now, according to the latest IFAwebnews.com poll.

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


Regional news: 






