A.I.G. Sells Unit to MetLife

(THE NEW YORK TIMES) - The American International Group agreed Sunday to sell a second major insurance unit, this one to MetLife for about $15.5 billion, the two companies confirmed Monday. It was the second deal the insurer has struck in one week, raising about $51 billion to repay its [...]

United Life Group Launches Information Portal for Burial Insurance

United Life Group today announced the launch of www.BurialInsurancePlans.com as Learning Center and Market Place for Families to research, compare or purchase Burial Insurance Plans.
(PRWEB) March 4, 2010 — United Life Group today announced the launch of www.BurialInsurancePlans.com as Learning Center and Market Place for Families to research, compare or purchase Burial Insurance Plans. [...]

Life Link International, LLC Rescues Time-Strapped “Sandwich Generation” With Release Of “THE SAFE”

The SAFE, a new, military-style encrypted 2.0 USB pocket drive houses a full suite of proprietary pre-loaded documents uniquely designed to help overwrought PC users automatically organize and recover information immediately and when most needed. No longer will Baby Boomers have to wait until tragedy strikes their parents or children to safeguard their family’s keepsakes.
Los [...]

SNL Financial is First to Publish Comprehensive 2009 Year-End Statutory Insurance Data

SNL data shows significant quarter-over-quarter equity gains for P&C, Life and Managed Care companies in the fourth quarter of 2009.
Charlottesville, VA (Vocus) March 2, 2010 — SNL Financial, the leading provider of sector-focused financial information, is the first to publish data on 2,900 statutory insurance filing companies for year-end 2009. Preliminary fourth-quarter 2009 P&C, [...]

Whole-Life Insurance, Long Derided, Gets New Lease

(WALL STREET JOURNAL) - If you haven’t already, you are likely to hear the pitch soon: Whole-life insurance—the fuddy-duddy stuff your grandparents owned—was a shining star during the financial crisis.
Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and others have been playing off the disappointing performance of many competing [...]

Finance For Life Announces That It Has Recently Brokered a Life Insurance Portfolio in Excess of $2 Billion

Finance For Life Announces New Initiatives In Brokering Life Insurance Portfolios With Recently Brokered Portfolio In Excess of $2 Billion
Memphis, TN, (PRWEB) February 24, 2010 — Finance For Life today announced it has recently assisted in the purchase and sale of a life insurance portfolio in excess of $2 billion.

Ronnie Katz, President of Finance For [...]

Ping An Seeks to Defy Past by Expanding Bank, Asset Earnings

(Bloomberg) — Ping An Insurance (Group) Co., the world’s second-biggest life insurer, aims to sell banking and investing services to its 50 million customers with a one-stop shopping model being abandoned by U.S. and European companies.
Ping An, listed in Hong Kong and Shanghai, expects banking, asset management and insurance to each [...]

SBLI USA, Carver Federal Savings Bank, and Fidelity Investments Join Representative Rangel to Promote Financial Literacy in Harlem

Good answers regarding tough financial questions are hard to come by in this economic downturn, but on Saturday February 20, 2010, SBLI USA Mutual Life Insurance Company, Inc., along with Carver Federal Savings Bank and Fidelity Investments, helped provide them.
New York, NY (Vocus) February 22, 2010 — Good answers regarding tough financial questions [...]

Axa Posts 2nd-Half Profit on Life-Insurance Business (Update3)

(Bloomberg) — Axa SA, Europe’s second-biggest insurer, posted a second-half profit after a rally in financial markets boosted demand for policies linked to stock performance.
Net income reached 2.28 billion euros ($3.1 billion) from a 1.24 billion-euro loss a year earlier, according to figures on the Paris-based company’s Web site today. That [...]

LifeCard Plus — The Winning Card in Obama’s Health Care Game

Although one in four Americans is an aging baby boomer, Obama’s plan for health care reform barely touches on the issue of long term care. Individuals who become unable to care for themselves may need to spend all of their hard earned life savings and assets to cover long term care costs, leaving them [...]