SeniorQuote secures licenses in all 50 states for Medicare Supplement and Advantage customers
SeniorQuote Insurance Services, Inc., a provider of health, life and ancillary insurance products for seniors, announced it secured licensing in New York state, and so is now licensed nationwide to support its expanded call-in support and comparison services to older Americans.
SeniorQuote offers Medicare-eligible seniors the ability to cross-shop multiple carriers for Medicare Supplement and Medicare Advantage Plans, with additional support and guidance from an experienced team of insurance professionals.
New sponsorship has Colonial Life swimming with small business
Colonial Life & Accident Insurance Co. announced it will sponsor the hit TV series “Shark Tank” this fall on CNBC. The show allows entrepreneurs to pitch their best business ideas to some of America’s most successful businessmen and businesswomen. It’s the number one business program on cable TV with viewership exploding by 300 percent in the last year.
The sponsorship launched Sept. 22, with the first episode featuring a video introduction by Colonial Life President Tim Arnold and a new commercial from the company. Colonial Life will also debut a new digital marketing campaign in the coming weeks.
Combined Insurance launches Hispanic market initiative
Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and an ACE Group company, launched its Hispanic market initiative that will initially focus on both recruiting new bilingual agents and sales in three key markets – Texas, California and Florida.
“We have long recognized the potential that the Hispanic market offers our company from both a customer and employee perspective,” said Doug Abercrombie, senior vice president and chief agency officer for Combined Insurance. “The Hispanic population is significantly growing in numbers and percent of total U.S. population yet more than 30 percent of Hispanics lack health insurance, making this an underserved market that our products and services fit well into.”
To help meet the need of the Hispanic market, Combined Insurance has set a goal to hire 220 high-quality bilingual agents who understand the unique needs of and diversity within the U.S. Hispanic population by the end of 2014.
FPA and Financial Advisor IQ partner to study compensation trends
The Financial Planning Association (FPA) and Financial Advisor IQ (FA-IQ), a member of the Financial Times family of news services, are pleased to announce a partnership to conduct an in-depth compensation study of advisory businesses that will take place in the first quarter of 2015.
The research, to be conducted with the FPA Research and Practice Institute, will look closely at how advisory firms today are compensating principals, executives, advisers and support staff. The research will result in a series of reports to be introduced at FPA Retreat in Atlanta, April 20-24, 2015.
The study will help advisors in all channels determine whether they are paying employees fairly and being paid fairly themselves, given firm size, individual qualifications and other metrics. The study will also delve into benefit and incentive programs and other forms of compensation.
The Penn Mutual Life Insurance Company launches its “Perspectives on Life” blog, sharing industry insight and stories on life insurance
The Penn Mutual Life Insurance Company, a 167-year-old institution with $100 billion of life insurance in force, launched their blog “Perspectives on Life.” The corporate blog will provide readers with unique insight and perspective by thought leaders from Penn Mutual including executives and other corporate and field leaders.
“Perspectives on Life” will serve as a meeting place for consumers and producers interested in the latest news and trending issues within the life insurance and annuity space. Readers can expect blog topics to focus on financial planning strategies, actionable advice as it relates to life insurance, and reactions to breaking business and market headlines.
RGA named “Best Life Reinsurer” by the 2014 Reactions North America Awards
Reinsurance Group of America, Incorporated (NYSE: RGA) has been named “Best Life Reinsurer” by the 2014 Reactions North America Awards. RGA is extremely pleased to have been honored again in this year’s Reactions North America Awards, which are adjudicated annually by a distinguished panel of insurance and reinsurance leaders and presented to leaders in the industry.
“This award recognizes RGA’s strength at leveraging our global reinsurance expertise to the benefit of clients, and providing them with outstanding services, innovative solutions and unique insights to help them address emerging market needs and challenges, and achieve their business goals,” said Anna Manning, executive vice president, head of U.S. and Latin/South American markets, RGA.
Marvin White is elected to the OneAmerica board of directors
The board of directors for OneAmerica Financial Partners Inc. has elected Marvin White, retired system vice president and chief financial officer, St. Vincent Health, as its newest member. White previously served as executive director and CFO at Eli Lilly & Company’s LillyUSA. Prior to his career in health care, White held executive positions at General Motors, Hewlett Packard and Motorola including financial roles for its Japan Cellular Division and as divisional controller for its South Asia and Latin America Cellular Sector.
White also serves on the boards for Emergent Biosolutions (NYSE: EBS), Washington Prime Group (NYSE: WPG) and Canada based HealthLease Properties REIT (TSX: HLP). He previously served on the boards of Advantage Health Solutions, Rehabilitation Hospitals of Indianapolis, Center for Leadership Development, St. Vincent Foundation, Marian University and is an advisor with Seeds of Hope Outreach (SOHO) which targets the needs for care of orphans in Swaziland, Africa. Additionally, he is a past chair of the St. Vincent Indianapolis Hospital Board of Directors. Born in Jacksonville, Fla., White holds a bachelor’s degree in accounting from Wilberforce University and a Masters in Business Administration in Finance from Indiana University.
In other company news, Standard & Poor’s (S&P) has affirmed its AA ratings of OneAmerica’s life insurance operating companies, American United Life Insurance Company® (AUL) and The State Life Insurance Company, and maintained its stable outlook.
In its report, S&P noted the following about OneAmerica’s effective business approach, “Management continues to focus on its mutual status and keeps balance sheet and policyholder protection as its primary objectives followed by profitable growth.”