A Maryland life insurance company is hesitating in handing over $1 million from a life insurance policy that was bought weeks before a Philadelphia man was murdered in his driveway.

John Hancock Life Insurance has launched LifeCare, a single-premium whole life insurance product that provides protection for both life and long-term care insurance needs, in a single policy.

Nationwide Life Insurance Co. and Nationwide Life and Annuity Insurance Co. have settled claims with five state insurance regulators regarding unsuitable variable annuity sales to clients of a Kansas-based financial advisory firm.