MetLife announced that it is reducing rates on its Guaranteed Level Term product as part of the company’s efforts to enhance its life insurance portfolio. Guaranteed Level Term is a fully underwritten policy and clients who purchase it will have the opportunity to convert to any of MetLife’s permanent policies at a later date.
“MetLife is committed to ensuring that consumers have access to the life insurance coverage they need,” said Gene Lunman, senior vice president of retail life and disability insurance products at MetLife. For current rates and more information on MetLife’s Guaranteed Level Term, please contact your local financial services representative.
The First Rehabilitation Life Insurance Company of America (First Rehab Life) changed its name to ShelterPoint Life Insurance Company and is hereby ringing in a new chapter in the company’s history.
Ownership and management of the company remain unchanged. The company has grown to become the largest writer of New York State Statutory Disability Insurance (DBL) with currently over $70 million in covered premium and over 150,000 covered employers for this line of business alone, all of which was sold by independent insurance agents and brokers. Now, as ShelterPoint Life, the company is looking to expand nationally through its newly acquired subsidiary, develop new products in the context of a changing health insurance environment, and continue to increase web-based capabilities that empower their producers, policyholders, and members alike.
“As we have evolved over our 42-year history, it is time to go with a name that is more reflective of who we are and what we do. We chose a name that expresses our mission of offering benefits that are simple, to the point, and which embrace our commitment to shelter our clients. At the same time, we are growing. It’s a very exciting time since we just acquired an insurance company that is licensed in 48 states; so, we were looking for a name that illustrates our next chapter and will give us a nationwide identity,” says Richard White, CEO of ShelterPoint.
Former LPL Technology executive named COO of Global Retirement Partners
Global Retirement Partners (GRP), a retirement plan consulting firm, announced the appointment of financial industry veteran Christopher Giles as chief operating officer. Giles will be responsible for defining and executing strategic programs aimed at increasing the value delivered to clients, empowering plan participants, and significantly broadening the retirement plan offerings for advisors.
Giles has more than 20 years’ experience in the industry, having previously held roles at LPL Financial, Ameriprise Financial, and American Express Financial Advisors. Previously, he was vice president, Advisor Facing Solutions at Ameriprise Financial in Minneapolis, MN, where he managed an annual profit and loss unit in excess of $100M, delivered new software-as-a-service technology systems, and maintained all necessary facets of over 100 advisor applications. He also held the role of vice president, Business Solutions Group, where he led a team that covered areas of business strategy, technical design, user experience design, marketing/communications, operations, and offshore contractors.
Giles has a Bachelor of Science in business management and marketing from Cornell University in Ithaca, NY.
Great-West Financial® has appointed Jeff Arneson as its newest wholesaler for its financial institutions markets. Arneson will work with financial institutions and their financial advisors in the sale of Great-West Financial annuity and life insurance products to individuals in Ohio and West Virginia.