John Hancock Life Insurance today announced the launch of its new Accumulation UL product, a universal life policy that offers outstanding cash accumulation potential to address varying financial needs.
In particular, it performs especially well in short-pay, highly funded cash value accumulation scenarios.
“John Hancock Accumulation UL’s high-early cash values make it an excellent choice for high-net [...]

With the economy expected to remain sluggish and regulatory reform looming, U.S. life insurance companies will face significant challenges in 2009, according to Watson Wyatt, a leading global consulting firm.
“Low revenues and a volatile stock market will make 2009 a challenging year for the life insurance industry,” said Craig Buck, U.S. head of insurance [...]

Conseco Life Insurance Company (Conseco Life) announced it has filed a Request for Hearing preserving its rights in response to the Florida Office of Insurance Regulation’s December 22, 2008 Order to Show Cause. The company and Florida also have agreed to enter discussions regarding issues related to a group of universal life insurance policies issued [...]

OneAmerica Financial Partners, Inc. and Shenandoah Life Insurance Company announced the signing of a letter of intent that describes a proposal to merge the two organizations. Under the proposal, Shenandoah would become a subsidiary of OneAmerica®, joining American United Life Insurance Company, The State Life Insurance Company, Pioneer Mutual Life and R.E. Moulton, Inc. Completion [...]

Unity Life of Canada, a Foresters company, and Forethought Financial Group, announced that they have entered into an agreement under which Unity Life will acquire the insurance business of Forethought’s Canadian branch, Forethought Life Insurance Company. Forethought is a leading U.S. based provider of insurance and financial solutions related to retirement and end of life [...]

Wm. Scott Page, president and CEO of The Lifeline Program, will host a workshop on “Successful Life Settlement Portfolio Aggregation” at the 6th Insurance Linked Securities Summit (www.ilsbermuda.com) being held July 15-17, 2009 at the Fairmont Southampton resort in Bermuda. Sponsored by the International Quality and Productivity Center (IQPC), the summit draws top professionals in [...]

VantisLife Insurance Company announced that Astoria Federal Savings, headquartered in Lake Success, NY, will now offer insurance products via the company’s award-winning online quote and submit system. The offering will be made through VantisLife’s New York Company, VantisLife Insurance Company of New York.
Astoria Federal has been serving the New York market with quality financial [...]

VantisLife Insurance Company announced that Astoria Federal Savings, headquartered in Lake Success, NY, will now offer insurance products via the company’s award-winning online quote and submit system. The offering will be made through VantisLife’s New York Company, VantisLife Insurance Company of New York.
Astoria Federal has been serving the New York market with quality financial products [...]

new economic reality means consumers can no longer rely on what’s worked for them in the past. And the ever-changing life insurance marketplace means financial professionals must find even more creative solutions to their clients’ needs.
To meet those needs, Nationwide Financial Services, Inc. launched the newest version of its YourLife® suite of life insurance products [...]

Great American Life Insurance Company, a subsidiary of Great American Financial Resources, Inc., is pleased to introduce Safe ReturnSM, a new single premium fixed-indexed annu­ity product designed for those who desire wealth protection and growth potential. Safe Return is unique to the Great American Life product lineup in that it offers clients the security of [...]