NEW YORK, November 13, 2018 — The Millennial generation is now the least prepared for unexpected life events due to... The post Millennials Most “At Risk” Generation appeared first on InsuranceNewsNet. […]

A National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out. The post NAIC Working Group Settles On Policy Summary Concept appeared first on InsuranceNewsNet. […]

Nov. 10-- A Williamsville man admitted in federal court on Friday he stole from the International Union of Painters and Allied Trades and an insurance company after the death of his brother, the U.S. Attorney's Office said. Timothy McCluskey was eventually issued $2,500 in life insurance proceeds, according to prosecutors. The U.S. Department of Labor Office of... The post Man Admits Using Dead Brother To Defraud Life Insurance Company appeared first on InsuranceNewsNet. […]

From volunteering for pro-public education candidates to running for office in record numbers, California educators proved once again that when it comes to their students, they are willing to do what it takes to make sure they get the public education they deserve. California's millions of public school students were big winners last night as voters joined... The post California Updates Election Vote; Lara Set To Win Insurance Commissioner Race appeared first on InsuranceNewsNet. […]

-Sun Life Financial Inc. today announced its results for the third quarter ended September 30, 2018. "In the third quarter, underlying net income was strong at $730 million, and return on equity was 14%, at the high end of our target range," said Dean Connor, President and CEO, Sun Life Financial. Underlying net income in the third quarter of 2018 increased $87 million to... The post Sun Life Financial Reports Third Quarter 2018 Results appeared first on InsuranceNewsNet. […]

--Massachusetts Mutual Life Insurance Company announced today that its Board of Directors has approved a record $1.72 billion estimated dividend payout in 2019 to eligible participating policyowners and members, once again demonstrating outstanding policyowner value and underscoring its strong financial position. Further, over the past decade,... The post MassMutual Approves Record $1.72 Billion Estimated 2019 Dividend Payout appeared first on InsuranceNewsNet. […]

_ Brighthouse Financial Inc. on Monday reported a loss of $271 million in its third quarter. The Charlotte, North Carolina- based company said it had a loss of $2.26 per share. Brighthouse Financial shares have dropped 27 percent since the beginning of the year. The post Brighthouse Financial: 3Q Earnings Snapshot appeared first on InsuranceNewsNet. […]

Northwestern Mutual has paid a dividend every year since 1872– even in challenging economic conditions. Northwestern Mutual leads the industry in total dividends paid to policyowners for both life and disability income insurance. "This record dividend clearly demonstrates our consistent performance, our overriding commitment to do what's best for our... The post Northwestern Mutual To Pay Policyowners $5.6 Billion In Dividends appeared first on InsuranceNewsNet. […]

Life insurance provides a financial safety net for families. "If there's no one else depending on your income, you probably don't need much or any at all," said Alyssa Lum, certified financial planner and founder of Luminate Financial Planning in Sterling, Virginia. Stay-at-home parents don't need as much, but should have some coverage, said Greg Klingler, a... The post Life Insurance Provides A Financial Safety Net For Families appeared first on InsuranceNewsNet. […]

The American Council of Life Insurers issued the following statement by President and CEO Susan Neely on the Family Savings Act, which was approved by the House Ways and Means Committee:. "The Family Savings Act of 2018 approved today by the House Ways and Means Committee falls short of what is needed to help address challenges facing America's retirement... The post House Bill Falls Short of Retirement Security Reforms, ACLI Says appeared first on InsuranceNewsNet. […]