SBLI of Massachusetts, a life insurance products provider, has rolled out six whole life products and eight riders, with an aim to better meet customers’ insurance needs. The insurance policies are available in various payment ...
Tags: Life Products, insurance
New York financial regulators will soon order major life insurers in the state to set aside a total of $4bn to add to their reserves, following violation of new insurance claims rules. The regulators said that life insurers were not ...
Tags: Service
The ERGO Insurance Group, which is part of the Munich Re Group, has launched a joint venture (JV) ERGO China Life to offer life insurance to private customers in the Chinese province of Shangdong. Shandong is said to be the third largest ...
Tags: ERGO Insurance, China Life
US personal lines insurer Allstate has rolled out its new life insurance policy, dubbed as whole life advantage, which guarantees death benefits, cash values and premiums, in case of sudden demise of the policyholder. Underlining the ...
Tags: Allstate, Whole Life Insurance
Sentinel Security Life Insurance has introduced a new fixed indexed annuity product, Summit Bonus Index, intended to meet the growing retirement needs of US customers. Developed as a long-term investment vehicle with lifetime income ...
The Phoenix Companies has introduced a whole life insurance product, Phoenix Remembrance Life to replace income and carry on family traditions, marking a significant expansion to its life distribution and administrative capabilities. ...
Minnesota Life has introduced new indexed universal life product, Omega Builder IUL which also includes the Income Protection Agreement (IPA). Offered exclusively through AMZ Financial, the IPA has been designed to enable irrevocable ...
Allianz Life Insurance (Allianz Life) has introduced a new fixed index annuity (FIA) for field marketing organizations, broker/dealers, and agents associated with the Allianz Preferred platform. Allianz Life chief distribution officer Tom ...
Tags: Allianz Life, FIA, guarantees
Principal Financial Group has launched two universal life products, namely Principal Universal Life Flex II and Principal Universal Life Accumulation II, to help meet the protection needs of individuals and small-to medium-sized business ...
Tags: Principal Financial Group, universal life products, insurance
Nationwide Financial has increased joint payout rates for The Nationwide Lifetime Income Rider () on its Nationwide Destinationsm Series 2.0 variable annuities. With a joint option, the lifetime payout rates will increase by 0.25% for ...
CSC has rolled out an optimum suite of insurance unclaimed property resolution process, such as searches to identify deceased insureds, trace beneficiaries and distribute funds, or transfer unclaimed benefits to the States. The new ...
Tags: insurance, Property, unclaimed policy, unclaimed death benefits
The state requires every employer in California to buy workers'compensation policy for his/her employees.Regardless of the number of employees in the firm,it is necessary to insure your workers.Under the insurance,the employees can enjoy ...
Tags: California, insurance, policy
Nationwide Life Insurance and some of its affiliates have inked a settle agreement over death benefits case with the Pennsylvania Insurance Department, pursuant to which the underwriter will pay $7.2m to state insurance departments. The ...
Tags: Nationwide Financial, Death Master Investigation, insurance departments
American International Group has agreed to pay over $300m to settle dispute with states over death benefits payments which remained unclaimed. California State Controller's office spokesman Jacob Roper said that the underwriter will ...
Tags: AIG, dispute, benefits payment, death benefits
MetLife has agreed to pay $500m in a multistate settlement with Florida insurance investigators in connection with holding death benefits from life insurance policies issued decades ago. The regulators accused the US insurer over non ...
Tags: MetLife, multistate settlement, death benefits, insurance