Pacific Life Names New President and CFO

New York Life Insurance Company, New York, NY, announced on March 9 the appointment of Vice President Joanne Rodgers as Chief Diversity Officer.

In her new role Rodgers will be responsible for the development and execution of the company’s diversity strategy, the organization of diversity activities and recruitment.

Rodgers was formally head of the Women’s Leadership Program at the New York Life Insurance Company. She will continue to oversee that program as looks to expand others. Rodgers has been with New York Life since 1994. She most recently served as vice president of strategy.

Aviva USA, West DeMoines, IA, has announced new indexed life insurance product, the Survivorship Builder life insurance policy. The policy, which senior vice president Chuck Van Devander describes as a “multifunctional Swiss Army knife” is applicable to consumers who need financial protection for small businesses, blended families and those who feel that their estate tax planning needs could be subject to change.

Although Survivorship insurance is typically used in the realm of estate planning, where the death benefit is paid upon the death of the last surviving insured, Survivorship offers an optional first-to die rider that allows for a portion of the death benefit to be paid to the survivor after the first insured passes.

Indexed universal life insurance credits interest to the policy’s account value and they are correlated to the movement of the S&P 500.