Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

NFP Makes Life Insurance Friends

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

NFP — an insurance broker and consultant that started out with roots in life insurance, and then became better known for its property and casualty operations — has announced two major new life insurance-related relationships.

(Related: $10 Billion RIA Rebrands After Merger)

The New York-based firm says it has received an exclusive endorsement from the American Bankers Association (ABA) for bank-owned life insurance (BOLI) and executive benefits.

NFP recently acquired Equias Alliance. Equias had the old ABA endorsements for BOLI and executive compensation arrangements.

The new announcement means that the ABA has transferred the Equias endorsement to NFP, as a result of NFP’s acquisition of Equias, NFP says.

NFP says it now provides BOLI services and nonqualified plan services for about 1,250 banks.

NFP has also announced a strategic collaboration with Manulife Financial Corp.’s John Hancock unit.

The new relationship will give NFP a simple way for clients of NFP advisors to share their electronic health records with John Hancock underwriters, NFP says.

The health record sharing tool should help improve the life insurance buying experience, NFP says.

The tool can help clients share electronic health record data from about 85% of U.S. health care providers, NFP says.

— Read National Financial Completes IPO, Shops For Distribution Firms, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.