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SALB story: Loring Ward to offer stand-alone living benefits
Turnkey asset manager in talks with Transamerica Life Insurance Co. and The Phoenix Cos. to develop income-producing product
Lincoln National ordered to make good on insurance in heated Stoli case
Judge finds for claimant in $5 million stoli benefits payment from Lincoln National Life
Pru will pay $17M to settle with seven states over death benefits
Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Analysts wave off $1.57B death benefit suit against Met, Pru
Illinois lawsuit alleges MetLife and Prudential owe some $524M in unclaimed death benefits
Dead man’s life policy finally pays off
Life insurers have paid $52.6 million in death benefits since New York's banking and insurance regulator forced the companies to use government data to identify cases where they didn't pay claims.
Policyholder who died in 1970 finally gets death benefits — and so do 8,000 others
New York state orders insurers to track down unpaid claims; $52M forked over in total
Lincoln may get more defensive with MoneyGuard hybrid
Lincoln National Corp. may raise fees and change its benefits on its popular MoneyGuard Reserve product, a combination of universal life insurance and long-term-care benefits.
LTCI too pricey even for Uncle Sam as CLASS Act yanked
Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed
Advisers, B-Ds step back from The Hartford
Broker-dealers and financial advisers are walking away from the insurance and annuity products of The Hartford Financial Services…
Advisers find slim pickings as VA market contracts
Financial advisers, reeling from last year’s tumult in the variable annuity market, are now rethinking the carriers they…
MetLife to kill VA living benefit this month
Insurer to stop issuing the GMIB Plus IV rider Feb. 24
Bankers Life settles charges it ran unlicensed B-D operations
Insurer to pay nearly $10M to close case; states claim carrier had commission arrangement with Uvest, ProEquities
Hartford offers wealth management boss $2M bonus to stay for 11 months
The Hartford Financial Services Group Inc., the insurer scaling back amid investor demands for a breakup, has offered…
Edward Jones pulls plug on Hartford life, annuity sales
The Hartford's surprise exit from several key businesses is still making waves in the advice industry. The latest news: Edward Jones has ceased selling the carrier's life insurance and annuities.
Insurer sees mutual fund growth
Despite throwing in the towel on several of its operations, executives at The Hartford Financial Services Group Inc.
Hartford offers wealth management boss Levenson $2M bonus to stay for 11 months
Hartford Financial Services has offered its head of wealth management, David Levenson, $2 million to stay on for another 11 months while it seeks a buyer for its life and 401(k) businesses.
Newest NBA rule: Players must provide their own (safety) net
Financial troubles of retired players sees union, league set up mandatory retirement savings plan
Indie B-D reps flocking to fixed indexed annuities
Fixed indexed annuities were a hot product among independent broker-dealer reps last year as clients sought a safe-money alternative to CDs, made virtually worthless by low interest rates.
Special report: Variable annuities
A look at the latest trends in variable annuity sales and strategies.
The 25 largest variable annuity providers
2011 rank 2010 rank Issuer Net assets ($M) % change vs. 2010 2011…
