Life Insurance

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Virus-Death Surge May Mean $7.2 Billion In Life Insurance Claims

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U.S. life insurers may face as much as $7.2 billion in claims if Covid-19 deaths rise to the high end of projections.

Financial Services Firms See Increase In Fraudulent Activity During Pandemic

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Remote working and procedural changes to relieve customers’ stress have exposed companies to fraud risk, Limra says.

More States Mandating Forgiveness On Life Insurance Premiums

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Since the start of the coronavirus pandemic, states have been taking steps to protect policyholders, a new guide reveals.

New Legislation Could Ease Health-Care Burden For Retirees

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A new U.S. House bill would enable seniors to create income in retirement and pay for various health-care costs.

U.S. Individual Life Insurance Sales Grew 15% In Q4

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Limra said mandatory requirement of new mortality tables in 2020 drove growth.

Examining Ed Slott’s Proposed Stretch IRA Alternative

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Ed Slott’s recent articles on the SECURE Act are well-intended.

New Survey Shows Life Insurance Beneficiaries Unprepared To Collect

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Millennials and Gen Zers may be missing out on life insurance benefits they don't know about or aren't sure how to collect.

Don’t Fall Victim To Financial Fraudsters, Limra Warns

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Limra said fraud is heightened during the holiday season and consumers are looking to financial services for answers.

New York Life Agrees To Purchase Cigna Unit For $6.3 Billion

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New York Life Insurance agreed to buy a Cigna Corp. business that sells life and disability insurance for $6.3 billion.

Reality TV Attorney 'Unties' Mysteries Of Alimony Insurance

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The attorney star of "Untying the Knot" says divorcing partners need to discuss alimony insurance.

Life Insurance And Annuity Providers Lag In Customer Satisfaction

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Northwestern Mutual and RiverSource get top ranking in respective product lines, J.D. Power said.

Life Insurers Worldwide Losing Sleep Over Change Management

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According to a report by Limra and BCG, insurance executives must cultivate a corporate culture that embraces change.

Life Insurance Is A Luxury, According To Americans Without It

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A majority of aging Americans are not covered by life insurance, according to a recent survey.

Cash Value Life Insurance Could Be A Secret Weapon For College Savings

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The cash value of permanent life insurance contracts is unlikely to sabotage financial aid awards.

MassMutual Expands Access To Coverage Of Breast Cancer Treatments

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The insurer revised its underwriting guidelines to expand access to more individuals diagnosed with breast cancer.

Jackson National Suspends N.Y. Fee-Based Annuity Sales

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The insurer said it needs time to comply with new state fiduciary rules that cover all annuity and insurance sales.

Sears Retirees’ Life Insurance Payouts Could Be Just $135 Each

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The benefits were potentially worth "thousands of dollars" to former employees' heirs.

Advisor Finds Key To Blended Family's Estate Planning Conundrum

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Advisor Sean Wilson found a way to safeguard the couple's retirement and provide an inheritance for each of their children.

Squeezed By Class-Action Suits, Insurers Are Finally Responding

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Rates for directors-and-officers policies are rising in response to heightened levels of litigation,

More Americans Likely To Buy Simplified Underwritten Life Insurance

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LIMRA also found that a majority of consumers are attracted to a combination life insurance product.

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