Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Goldman Sachs Loses $428 million in Third Quarter (AP)
By Christina RexrodeIt was only the second quarterly loss for the investment bank since it went public 12 years ago. The bank said at its last earnings call, in July, that it would eliminate as many as 1,000 jobs to cut costs.
October 17, 2011
Sun Life Financial Estimates Third Quarter Loss at $621 MillionResults for the third quarter include losses related to substantial declines in both equity markets and interest rate levels, which impacted Sun Lifes individual life and variable annuity businesses.
October 17, 2011
Sun Life Financial Estimates Third Quarter Loss at $621 MillionResults for the third quarter include losses related to substantial declines in both equity markets and interest rate levels, which impacted Sun Lifes individual life and variable annuity businesses.
October 17, 2011
UBS Survey: Investor Pessimism IncreasingEconomic growth and the different views of Californians are discussed during a wealth-management event featuring Bill Clinton.
October 17, 2011
Chinese Americans Don't Over-Borrow, Study FindsWhile 72 percent of Chinese-American households hold a mortgage, only five percent of those households have outstanding auto loans, and only three percent have any other type of consumer debt.
October 17, 2011
Mass Mutual: Only 3 in 10 Say They're Financially Prepared for RetirementFor the vast majority of family financial decision makers, children come before they do; paying for the kids' education ranks far above saving for future medical expenses or retirement.
October 17, 2011
Brokerage Merger Creates PLUS Financial NetworkProfessional Life Underwriters Services, LLC and Midwest Financial Network have merged to become PLUS Financial Network.This consolidation has resulted in an agency with some 60 years of corporate experience for the firms roughly 1,600 independent insurance agent partners in the life insurance, long term care, disability income and annuity marketplace.
October 17, 2011
IRI Study: Most Older Boomers Not Confident They Have Enough Saved for RetirementLess than one third (30%) of the study respondents say they believe they will have enough in retirement savings to pay for long-term care expenses.