Sun Life Financial announced that it will stop selling new variable annuity and individual life products in the U.S., effective Dec. 30.

A federal court in Chicago, Ill., ruled unanimously that a beneficiary’s insurer has the right to designate $15,000 in life insurance policy benefits to a family member of its choice.

National life insurer MetLife is using results from a new study to indicate to employers the importance of helping maximize the value of group life insurance benefits to make a major impact in the lives of beneficiaries.

If you place group life insurance, you have witnessed a freefall in competitive rates per thousand dollars of covered volume—a Race to Zero. People are living longer and actuarial professionals have taken this into account. This is good news and I’m all for saving money, especially in this economic climate.