The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.

Whoever said, “Many people look forward to the New Year for a new start on old habits,” may have got it right. While beginning a new year may be little more than a faint line in the sand, it can be useful for adjusting old business habits and assumptions in light of changing conditions and new opportunities.

Most life insurance products saw year-over-year sales increases, except term life, in the first quarter, if for no other reason than the comparative period from a year ago was one of the worst on record.

Lincoln Financial Group recently launched Lincoln VULONE (2010), a hybrid product combining the no-lapse benefits of a universal life policy with the growth potential and protection of a variable policy with guarantees, the company said.

The National Association of Insurance & Financial Advisors – Carroll/Howard will be holding a Super CE Saturday for insurance professionals to earn up to eight continuing education credits.

American General Life Cos. says its new universal life insurance product, ContinUL, offers “affordable” death benefit coverage with secondary guarantees and flexible features allowing customization.

With the addition of New York, Trustmark Insurance Co. is now offering its universal life insurance products in all 50 states.

Total individual life insurance sales fell 11% in the third quarter, despite a 12% surge in individual whole life policies sales, according to LIMRA.

The Phoenix Cos. introduced a new first-to-die universal life insurance product for two lives, featuring flexible premiums and cash accumulation.

Nationwide Financial has added the new YourLife No-Lapse Guarantee UL to its selection of fixed life insurance products, to provide clients with greater flexibility and enhanced services for financial advisors, the company said.