Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Prudential U.K. Survey: More Than a Third of British Workers Have Put Pension Savings on Hold
By Warren S. HerschPrudentials poll show that irregular contributions could reduce the values of savers' pensions by thousands of pounds. The report adds that a saver who misses a year of gross contributions of GBP 2,400 could see their final pension fund reduced by GBP 7,000.
October 10, 2011
Penn Mutual Affirms Support of Military Service and Post-service Life Insurance TrainingPenn Mutual announced a $2.5 million gift over five years to build the nation's first Center for Veterans Affairs at The American College, a non-profit school that specializes in the insurance industry.
October 10, 2011
Allianz: Economic Volatility Raises Doubts About RetirementAllianz Life study says that events and market volatility of late summer have prompted consumers to question traditional retirement savings vehicles and change their savings habits.
October 10, 2011
ACLI Urges SEC to Target Life Settlement IndustryThe ACLI requests that the SEC outlaw virtually the entire secondary insurance market in the biggest broadside against the life settlement industry in months. How will the life settlement industry respond?
October 10, 2011
5 Things that Insurers Need to Know to Capture More Retiree AssetsA new LIMRA study reveals that 45 percent of retirees still have their assets in their retirement savings plans with their employers, most frequently in their 401(k) plans, and almost a fifth of retirees own three or more IRAs in their households.
October 10, 2011
401(k) Plans’ Advice to Employees: Buy and Hold Still Works (Smart Money)As stock values plummeted over the past three months, many employees sought guidance on how to adjust their 401(k) portfolios to ride out the storm. Depending on where they turned, they may have received very different advice.
October 10, 2011
ACLI to SEC: Prohibit Securitization of Life SettlementsThe American Council of Life Insurers sent a letter to SEC Chairman Mary Schapiro on Friday urging the securities regulator to prohibit the securitization of life settlements and support changes to clarify the application of federal securities laws to viatical and life settlement transactions
October 10, 2011
Nationwide Financial Boosts Its Retirement Plan Sales Team with Eight New WholesalersNationwide, Columbus, Ohio, says the wholesalers bring to Nationwides sales team experience in annuities, life insurance, retirement plans and mutual funds and will help advisors assist their clients preparing for retirement.