Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
April 30, 2012
The Hartford Life Must Reduce Premiums, Issue Credits Totaling $24 MillionTHE Hartford Life Insurance Co. agreed to issue credits totaling $24 million to about 30,000 customers of accidental death and dismemberment services, Benjamin Lawsky, superintendent of the New York Department of Financial Services (DFS) announced last month.
April 30, 2012
Senate Benefits Staff Promotes LTCI ProgramIf staffers in the U.S. Senate show a little more interest in long-term care insurance (LTCI) issues this year, that could because their own benefits office has helped educate them about the topic.
April 30, 2012
MetLife Faces at Least $500M Unclaimed Property SettlementThe insurance departments of Illinois, Florida, New Hampshire, North Dakota, and Pennsylvania joined in the negotiations with MetLife, according to California insurance commissioner Dave Jones and Kevin McCarty, NAIC president and Florida insurance commissioner.
April 30, 2012
Gimme GuaranteesAs a buffer against a volatile market, clients want products with guarantees, and some flexibility, too.
April 30, 2012
Tell a personal storySharing how the benefits really do work is a powerful way to convey the need.
April 30, 2012
Scrounging for DollarsLets pause for a second. The announcement April 24 by state regulators of a settlement with Metropolitan Life of its unclaimed property practices, coupled with an announcement that the settlement could include the return of perhaps $700 million either to policy beneficiaries or to the states, raises more questions than...
April 30, 2012
So Much for TrustThe Federal Disability Insurance Trust Fund doesnt really have a long-term outlook. The trustees of the DI Trust Fund tell us in an annual report that the fund ended 2011 with just $154 billion in assets, down 15% from the asset total it had a year earlier.