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Life Health > Health Insurance

Around the life and health insurance industry: Week of April 25, 2016

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Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and workplaces, announced that its current president and chief executive officer, Paul A. Quaranto, Jr., has been elected chairman of the board of directors. Quaranto assumed the chairman role at the company’s annual meeting on April 20, 2016, and will continue to serve as president and CEO.

Day Pitney LLP is pleased to announce that Individual Clients Department partner Barbara Freedman Wand (photo, right) has been selected as the recipient of the 2016 Boston Estate Planning Council Excellence Award. The Boston Estate Planning Council (BEPC) is a multi-disciplinary community of over 700 estate and wealth planning professionals. The award recognizes Freedman Wand’s significant contributions to the estate planning profession, and is the highest honor that BEPC can bestow upon a member of the estate planning community. The award will be presented at the BEPC Annual Gala on May 26, 2016 at the Fairmont Copley Plaza in Boston.

The Guardian Life Insurance Company of America® (Guardian), one of the largest mutual life insurers and a leading provider of employee benefits, today announced the availability of Voluntary Permanent Life Insurance through the workplace. Guardian’s latest offering enables businesses to offer employees individual, permanent life insurance protection on a voluntary basis, which they can keep even if they change jobs. This coverage builds tax-deferred cash value, has premiums that are guaranteed never to increase, and does not require a medical exam. Guardian’s Voluntary Permanent Life Insurance can be fully paid by age 65, so the employee has no additional premiums upon retirement.

Jefferson National’s recent research, entitled “Jefferson National’s Market Volatility Survey,” shows that nearly 90 percent of financial advisors expect market volatility to increase this year, ranking China’s economy, the oil market, and presidential elections as the three leading factors. Most recently, financial advisors are trying to determine the impact of the DOL’s new fiduciary ruling, and seeking methods to help enhance their fee-based practice. Now, Jefferson National, which offers a tax-advantaged investing solution for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve, can help advisors outsource portfolio management to meet these challenges with the launch of an all-new online directory providing access to a range of proven strategies from a select group of recognized Third-Party Investment Advisors (TPIAs); the TPIA Directory.

Justworks, an all-in-one benefits, HR and payments platform, announced that it has integrated One Medical primary care into its offering to help small- and medium-sized businesses provide on-demand medical care to their employees. Companies using Justworks will now have access to One Medical’s primary care service at no additional cost.

New York Life has been named one of DiversityInc’s “Top 50 Companies for Diversity,” ranking 23rd nationally on this prestigious list. New York Life was recognized for its talent pipeline; equitable talent development, including commitment to mentorship and philanthropy; CEO and leadership commitment; and supplier diversity. New York Life was ranked fourth on the “Top 12 Companies for Employee Resource Groups” and seventh on the publication’s “Top 10 Companies for Opportunity” list.

Prinova Inc., a company that develops and delivers software and services within the Customer Communications Management (CCM) market, announced that its Messagepoint software was named a finalist for the 2016 SIIA CODiE Awards in the Best Multi-Channel Publishing Platform or Service category. Finalists represent the information industry’s most outstanding products, technologies and services in software, content and business technology.

Unum (NYSE:UNM) is promoting Marco Forato to the role of senior vice president for corporate strategy and development, and Tyler Siira has been named vice president and treasurer.

W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western & Southern Financial Group, today announced enhancements to Indextra®, a single premium deferred fixed indexed annuity issued by Integrity Life Insurance Company.

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