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Variable Universal Life Insurance News

John Hancock Retirement Plan Services Honored with 14 Awards for Communications Excellence Wednesday, November 19, 2008 @ 9:02AM John Hancock Retirement Plan Services has been recognized for communications excellence by the League of American Communications Professionals with fourteen awards, including five that received "Top 100" distinction.
Transamerica Adds Investment Options to Variable Annuities Tuesday, November 18, 2008 @ 1:49PM DENVER----Transamerica Life Insurance Company today introduced several investment options available with its variable annuity suite. The funds are also available as designated investment options for Transamerica’s recently upgraded Retirement Income Choice living benefit rider, and the Double Enhanced Death Benefit.
Allianz Introduces the GenDex Life Insurance Series Tuesday, November 18, 2008 @ 7:00AM MINNEAPOLIS----Allianz Life Insurance Company of North America recently announced their new GenDex series of life insurance products is available for sale in over 30 states. Within the new series are the GenDex MomentumSM and GenDex SurvivorSM fixed index universal life insurance products, both of which offer the consumer the reassurance of knowing that if the insured dies, their beneficiaries ...
SEC Expected to Vote on Summary Prospectus Rule on November 19th: Expert Available for Commentary Tuesday, November 18, 2008 @ 2:14AM SEC to Decide Whether to Adopt Shorter Version of the Standard Mutual Fund Prospectus (PRWeb Nov 18, 2008) Read the full story at http://www.prweb.com/releases/Summary_Prospectus/Mutual_Fund_Disclosure/prweb1630854.htm
SEC Expected to Vote on Summary Prospectus Rule on November 19th: Expert Available for Commentary Tuesday, November 18, 2008 @ 1:01AM SEC to Decide Whether to Adopt Shorter Version of the Standard Mutual Fund Prospectus
Lincoln Financial Group Applies to Become Savings and Loan Holding Company Monday, November 17, 2008 @ 8:30AM Lincoln Financial Group today announced that it has applied with the Office of Thrift Supervision to become a savings and loan holding company concurrent with reaching an agreement to acquire Newton County Loan & Savings, FSB, a federally regulated savings bank.
Insurance can offer flexible premiums Saturday, November 15, 2008 @ 12:14PMIn the past few weeks, I have had inquiries from several people at or beyond retirement age. They were looking for a place to put money to leave to their heirs, a place not exposed to the vagaries of the stock market. And they want options.
A.M. Best Affirms Ratings of NLV Financial Corporation and Its Subsidiaries, Revises Selected Outlooks to Stable Wednesday, November 12, 2008 @ 3:18PMA.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit
A.M. Best Affirms Ratings of NLV Financial Corporation and Its Subsidiaries, Revises Selected Outlooks to Stable Wednesday, November 12, 2008 @ 3:12PM OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A and issuer credit ratings of “a” of National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest .
Transamerica Upgrades Variable Annuity Rider Monday, November 10, 2008 @ 10:34AM DENVER----Transamerica Life Insurance Company today introduced an upgraded version of its guaranteed lifetime withdrawal benefit rider that can help address retirement challenges like long-term care costs and market volatility.
Top Scoops Saturday, November 8, 2008 @ 11:46PMTelegraph, UK - Local authorities have ordered employees to stop using the words and phrases on documents and when communicating with members of the public and to rely on wordier alternatives instead. The ban has infuriated classical scholars who ...
Genworth Financial Reports Third Quarter Net Operating Income Of $0.51 Per Diluted Share-Loss From Continuing ... Thursday, November 6, 2008 @ 3:05PM Genworth Financial, Inc. today reported a loss from continuing operations for the third quarter of 2008 of $258 million, or $0.60 per diluted share, compared with income of $339 million, or $0.76 per diluted share, in the third quarter of 2007.
FBL Financial Group Reports Third Quarter 2008 Results Thursday, November 6, 2008 @ 3:00PM WEST DES MOINES, Iowa----FBL Financial Group, Inc. :
AXA 9M08 Activity Indicators: Thursday, November 6, 2008 @ 3:11AM -
Nationwide Financial Reports Third Quarter Results Wednesday, November 5, 2008 @ 4:00PM COLUMBUS, Ohio----Nationwide Financial Services, Inc. , a leading provider of long-term savings and retirement products, today reported a third quarter 2008 net loss of $346.4 million, or $2.51 per diluted share, compared with third quarter 2007 net income of $147.0 million, or $1.03 per diluted share.
Sun Life Financial offers new investment options and funds Monday, November 3, 2008 @ 7:39PMThe US division of Sun Life Financial has introduced multiple new funds and investment options for its variable annuities and variable universal life products, including three dynamically managed fund of funds developed and subadvised by Ibbotson Associates, a new fund family portfolio and an enhanced build your own portfolio option.
Protective Announces Third Quarter 2008 Results Monday, November 3, 2008 @ 4:32PMProtective Life Corporation (NYSE: PL) today reported results for the third quarter of 2008. Highlights
Protective Announces Third Quarter 2008 Results Monday, November 3, 2008 @ 4:27PM BIRMINGHAM, Ala.----Protective Life Corporation today reported results for the third quarter of 2008. Highlights include: Net loss of $1.40 per diluted share, compared to net income of $1.02 per share in the third quarter of 2007.
ALICO wishes to reassure all its clients and policyholders of its solid and well capitalized position in Oman Sunday, November 2, 2008 @ 1:42AMThe management of ALICO in Oman would like to reassure its policyholders and partners in Oman of the status of their Insurance policies and the strength of our company.
Sun Life Financial Introduces New Investment Options and Funds for its Variable Annuity and Variable Universal Life ... Friday, October 31, 2008 @ 11:01AM WELLESLEY, Mass.----The U.S. division of Sun Life Financial Inc. has introduced multiple new funds and investment options for its variable annuities and variable universal life products, including three dynamically managed fund of funds developed and subadvised by Ibbotson Associates, Inc.,1 a new Fund Family portfolio and an enhanced Build Your Own Portfolio option.
Economy batters KC Life Insurance Friday, October 31, 2008 @ 9:18AMKansas City Life Insurance Co. reported a $15.2 million third-quarter loss and a 28 percent revenue decrease compared with the same period last year, which it attributed to “the broad and deep economic downturn” and the “recent default and regulatory takeover of high-profile federal agencies and financial institutions.”
John Hancock Retirement Plan Services Signs Distribution Agreement with Morgan Stanley Thursday, October 30, 2008 @ 9:00AM John Hancock Retirement Plan Services has increased the number of advisors able to offer services to 401 plans through a new distribution agreement reached with Morgan Stanley.
The Phoenix Companies, Inc. Third Quarter 2008 Earnings Thursday, October 30, 2008 @ 8:25AM HARTFORD, Conn.----The Phoenix Companies, Inc. today reported a net loss of $339.5 million, or $2.97 per share, and an operating loss of $317.6 million, or $2.78 per share, for the third quarter of 2008.
Prudential Financial, Inc. Announces Third Quarter 2008 Results Wednesday, October 29, 2008 @ 3:16PMPrudential Financial, Inc. (NYSE:PRU) today reported a net loss for its Financial Services Businesses
MetLife Announces Third Quarter 2008 Results Wednesday, October 29, 2008 @ 3:06PM NEW YORK----MetLife, Inc. today reported third quarter 2008 income from continuing operations1 of $1,031 million, or $1.42 per diluted common share, compared with $909 million, or $1.19 per diluted common share, for the third quarter of 2007.
Prudential Financial, Inc. Announces Third Quarter 2008 Results Wednesday, October 29, 2008 @ 3:04PM NEWARK, N.J.----Prudential Financial, Inc. today reported a net loss for its Financial Services Businesses of $108 million for the third quarter of 2008, compared to net income of $860 million for the year-ago quarter.
Lincoln Financial Group Reports Third Quarter 2008 Results Tuesday, October 28, 2008 @ 3:20PM Lincoln Financial Group today reported net income of $148 million, or $0.58 per diluted share, for the third quarter of 2008, versus $330 million, or $1.21 per diluted share, in the prior-year quarter.
AIG American General unveils new variable universal life product Thursday, October 23, 2008 @ 5:23AMAIG American General has announced the launch of AIG Income Advantage Select, a product issued by American General Life Insurance Company and The US Life Insurance Company in the City of New York, subsidiaries of American International Group.
Top 10 Life Insurance Myths Wednesday, October 22, 2008 @ 3:08PM The most difficult aspect of this complex product is determining how much coverage you need and why.
AIG American General Announces Redesigned Variable Universal Life Product Wednesday, October 22, 2008 @ 2:24PM HOUSTON----AIG American General announced today the launch of AIG Income Advantage SelectSM, a product issued by American General Life Insurance Company and The United States Life Insurance Company in the City of New York , subsidiaries of American International Group, Inc. .
Crisis takes toll on insurance sales Tuesday, October 14, 2008 @ 4:17PMThe insurance industry has experienced a sharp decline in the sale of so-called “unit-linked insurance plans”—until recently its hottest product—as the world financial crisis has made investors more averse to risk.
Keshishian to Lead Securian Individual Product Wholesaling Unit Monday, October 13, 2008 @ 12:00AM After nearly two years of developing new products, processes, and tools for advisors, Securian Financial Group is beefing up its wholesaling staff.
Kuwait: Alico reassures clients Thursday, October 9, 2008 @ 4:01AM08 October 2008 KUWAIT CITY - The management of ALICO in Kuwait would like to reassure its policyholders and partners in Kuwait of the status of their Insurance policies and the strength of our company.
The Clanton Advertiser Wednesday, October 8, 2008 @ 10:33PMMegan Prentice of Jemison recently was admitted into the 2009 class of the McNair Scholars Program, the national post-baccalaureate achievement program, at the University of Montevallo where she is a biology major.
5 Mistakes That Can Ruin Your Life (Insurance) Sunday, October 5, 2008 @ 10:35PM Dont let these simple errors leave you unprotected. Read on to learn more.
Retire early? Dreams not in the cards Sunday, October 5, 2008 @ 4:41AMJay and MaryLynn Schiller have worked hard and live simply in their Amelia home. But after decades in the culinary industry, the couple were conflicted about the best way to prepare for retirement and whether they could afford to retire early.
What is variable life insurance? Friday, October 3, 2008 @ 3:12AMWhat is variable life insurance? Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy.
Service Simplified: How Planned Performance Tracking Addresses Real Life Insurance Service Challenges Tuesday, September 30, 2008 @ 1:38PMProviding timely and on-going customer service without draining resources presents one of the biggest challenges many financial professionals face today. Successful financial professionals want to spend time in front of their clients, not trapped in the back office sorting out problems.
Lincoln Financial Group Announces Interim Appointments for Heads of Lincoln Financial Distributors and Retirement ... Monday, September 29, 2008 @ 12:28PM Lincoln Financial Group today announced that Dennis R. Glass, President and CEO, will assume interim responsibility for leadership of Lincoln Financial Distributors as part of his CEO responsibilities.
Online only: View list of classes being offered this semester at Ave Maria Saturday, September 20, 2008 @ 11:09PMBiology and Chemistry
Universal-life coverage comes in several varieties Saturday, September 13, 2008 @ 4:40AMI have written often about universal-life insurance (UL) and have generally extolled its benefits. Especially as the basic UL policy has morphed over time, this type of insurance has become more attractive. But for some consumers, the additional choices make the eyes glaze over.
Life Insurance Sales Flat Wednesday, September 10, 2008 @ 1:09AMU.S. individual life insurance sales were flat in the first half of this year, and the number of policies sold dropped 1 percent, Windsor-based LIMRA, a worldwide research, consulting and professional development organization, said last week..
MetLife Launches New Whole Life Insurance Product Tuesday, September 9, 2008 @ 8:00AM NEW YORK----MetLife today announced the launch of its new Whole Life policy and with that, finalized the transition of all MetLife life insurance products to the 2001 Commissioners’ Standard Ordinary Mortality Table.
Comparing loan products for big-ticket items Monday, September 8, 2008 @ 5:00AM Bankrate explores the pros and cons of popular loan products to help take the guesswork out of borrowing money.
Individual Life Insurance Had Flat Six-Month Sales Thursday, September 4, 2008 @ 8:43PMU.S. individual life insurance sales were flat in the first half of this year and the number of policies sold dropped 1 percent, Windsor-based LIMRA, a worldwide research, consulting and professional development organization, said Thursday.
Penn Mutual launches new variable universal life product Wednesday, August 27, 2008 @ 7:34PMThe Penn Mutual Life Insurance Company has introduced Diversified Growth VUL, its new variable universal life product designed to maximize accumulation potential and ensure protection from financial risk, key considerations in todays economy.
Transamerica Introduces Principium II Variable Annuity Monday, August 18, 2008 @ 8:17AM DENVER----Transamerica Life Insurance Company today introduced its newest variable annuity, Transamerica Principium II, which offers lower costs and a new pair of ETF-based subaccount choices.
AIG American General Introduces Next Generation of Index Interest Universal Life Products Wednesday, August 13, 2008 @ 11:40AMBuilding on the success of its popular AIG Elite Global IUL(R) index universal life product, AIG American General announced today the introduction of AIG Elite Global Plus(SM) and AIG Elite Global Survivor(SM), each underwritten by American General Life Insurance Company (AGL) and The United States Life Insurance Company in the City of New York (USL), subsidiaries of American International ...
AIG American General Introduces Next Generation of Index Interest Universal Life Products Wednesday, August 13, 2008 @ 11:22AM HOUSTON----Building on the success of its popular AIG Elite Global IUL® index universal life product, AIG American General announced today the introduction of AIG Elite Global PlusSM and AIG Elite Global SurvivorSM, each underwritten by American General Life Insurance Company and The United States Life Insurance Company in the City of New York , subsidiaries of American International Group, ...
Bear market takes bite out of life insurance returns Tuesday, August 12, 2008 @ 4:06AMConsumers are feeling the impact of the bear market and low interest rates in many ways, but one way they may not yet be aware of is the impact on their insurance policies.