Total new premium for life combination products (which combine life insurance with long-term care or chronic illness coverage) increased 18 percent to $4.1 billion in 2017, according to LIMRA’s 2017 Individual Life Combination Products Annual Review. This is the third consecutive year of premium growth. The post Individual Life Combination Premium Grows 18% In 2017 appeared first on InsuranceNewsNet. […]

--To continue meeting the evolving needs of its members, Nationwide will open a new 31,000- square-foot innovation center in the Arena District next year. The company plans to renovate space within the building at 175 W. Nationwide Blvd., owned by Nationwide Realty Investors and its partner, Capital Square Ltd. The company is also planning to add several dozen... The post Nationwide To Expand Innovation Space And Add Jobs appeared first on InsuranceNewsNet. […]

Insurance companies are adding illness and long-term care features into indexed universal life products. The new features are expected to boost an already-booming business. The post Eying Growth, Insurers Reshape Indexed Life appeared first on InsuranceNewsNet. […]

June 13-- BLOOMINGTON-- After a year of radical change at State Farm, the chairman of the board remains the same with President and CEO Michael Tipsord re-elected to the post this week. Others serving on the board, whose terms were not up for re-election this year, are: Christopher C. DeMuth, distinguished fellow, Hudson Institute; W. Steven Jones, professor of... The post Tipsord Re-elected Chairman Of State Farm Board appeared first on InsuranceNewsNet. […]

The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the proposed takeover of Genworth by a Chinese financial holding group and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction. The post Genworth, China Oceanwide Deal Moves Closer To Finalization appeared first on InsuranceNewsNet. […]

Variable universal life used to be a hot product line but their sales dipped around 2000 and had not recovered since. But lately they are showing some signs of life. The post Variable Universal Life Back In The Game appeared first on InsuranceNewsNet. […]

Non-variable universal life sales for the first quarter were over $936.3 million; down 12.7% when compared to the previous quarter... The post Indexed Life Sales Up By Double Digits appeared first on InsuranceNewsNet. […]

Universal life sales fell 19 percent in the first quarter compared to the first quarter of last year. Not even white-hot indexed UL sales could lift the segment. The post UL Drags Down 1Q Life Insurance Sales appeared first on InsuranceNewsNet. […]

Kansas City Life will acquire all of the issued and outstanding stock of Grange Life Insurance Company from Grange Mutual. The transaction is subject to review by the Ohio Department of Insurance. The post Kansas City Life To Acquire Grange Mutual’s Life Division appeared first on InsuranceNewsNet. […]

Securian has tweaked its SecureCare linked-benefit life and long-term care contract to give the product more flexibility in a growing... The post Flexibility Key to Securian Linked-Benefit Product Tweaks appeared first on InsuranceNewsNet. […]