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MetLife accused of coercing advisers to sell its products
NEW YORK — A securities law firm is seeking class action status for clients who may have been financially damaged by an insurer’s threats and commission incentives designed to skew adviser judgment in favor of proprietary products.
John Hancock ups the ante in cash value guarantees
NEW YORK — John Hancock Life Insurance Co. of Boston this month introduced a policy that guarantees cash values to a greater extent than other types of whole life insurance.
VA industry unveiling electronic processing
A trade group for the variable annuity industry today announced a technology initiative intended to save time and money for VA distributors through streamlining and standardization.
Lawmaker changes horses on income stream comments
A congressman who raised eyebrows last month when he seemed to imply that annuities are the answer to the need for lifetime retirement income claims he was misunderstood.
Home-invasion policy may calm client fears
NEW YORK — Recent reports of an uptick in home invasions in many parts of the United States may increase the popularity of a policy that covers medical and other costs of the invasions.
Five things to ask annuity providers
Not so long ago, annuity carriers were judged primarily on the investment options, guarantees and services they provided.
Top 50 insurance companies ranked by individual-life sales
CompanyYear-to-date sales: Metropolitan Life Insurance Co.$8.97 billion 1 Madison Ave. New York, NY 10010 (212) 578-2211 Prudential Insurance…