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MassMutual eclipses 5,000 mark in its field force
Massachusetts Mutual Life Insurance Co. has reached what it called a milestone as it has now more than 5,000 financial professionals working for it in communities across the U.S. MassMutual has been...
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MetLife to pay $1.5 billion in dividends though life insurance unit
MetLife has announced it has approved a $1.5 billion payment in policy dividends to eligible life insurance policyholders through its Metropolitan Life Insurance Co. Todd Katz Eligible life insurance...
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New John Hancock product covers both life, LTC insurance needs
John Hancock Life Insurance has launched LifeCare, a single-premium whole life insurance product that provides protection for both life and long-term care insurance needs, in a single policy. Through...
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New features added to two New York insurer’s whole life policies
Security Mutual Life Insurance Co. of New York has added features to its two whole life products, according to the Binghamton, N.Y.-based company. Company officials said the new features are...
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‘Strong’ whole, universal life insurance sales spur overall growth
New individual premium written for individual life insurance increased 2% in the fourth quarter of last year, driving a small increase for the year. Ashley Durham LIMRA reported a 4% increase for the...
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Linked-benefit products spur 62% combined individual life sales surge
New premium sales of individual life combination products rose 62% in 2010, reaching $1.2 billion, boosted by linked-benefit products, according to LIMRA. The increase marks the second straight year of...
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Combination life insurance product sales rise at ‘remarkable rate’
Combination life insurance products had their third straight year of double-digit growth in 2011, increasing in sales by 56%, as investors sought safety from market uncertainty. The LIMRA’s 2011...
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Whole life insurance sales spur overall first-quarter growth
Sales of whole life (WL) insurance policies accounted for half of all individual life insurance sales in the first quarter of the year, according to LIMRA. Ashley Durham The flood of WL policy sales...
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Voluntary AC&D coverage eclipses life insurance as ‘very profitable’
Nearly half of respondents in a recent poll of voluntary benefit carriers said that voluntary accidental death & dismemberment coverage was the best rated. Exactly 43% of respondents in the...
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New Jersey firm selected to administer MTL Insurance business
A Rochelle Park, N.J., insurance software company was chosen by MTL Insurance Co. to administer its life insurance and annuity business. Sapiens International Corp. announced that Oak Brook, Ill.-based...
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Retirees’ whole life policies seen as hedge against economic downturns
The cash value of whole life insurance policies could be a “secret weapon” for retirees trying to use the funds to supplement their retirement income during economic downturns, a new financial planning...
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Insurer says whole life policies fill gaps in retirement funds
With almost half of U.S. households “at risk” of being unable to maintain their living standards in retirement, the cash values accrued in whole life policies can fill the gaps, according to one...
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Whole life insurance sales can’t halt overall third-quarter decline
Total individual life insurance sales fell 11% in the third quarter, despite a 12% surge in individual whole life policies sales, according to LIMRA. Ashley Durham “Whole life’s combination of...
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