Integrity Marketing Group to expand life insurance distribution with Scott Riddle Insurance Agency acquisition
As part of the deal, Scott Riddle becomes an owner in Integrity, and president Jacque Huggins becomes a Managing Partner. Scott Riddle Agency is one of the largest final expense life insurance marketing organizations that distributes through partnering with leading U.S. call centers.
Recent Whole Life Insurance News
Parent company NGL will take over administration of in-force block.
United of Omaha, a Mutual of Omaha company, last week announced Guaranteed Plus Whole Life insurance, a new life insurance policy with a no-additional-cost rider intended to help simplify the funeral planning process for consumers.
In an effort “to incentivize longer, healthier lives,” Boston-based insurer expands program to all new policies sold, and will add the benefits in over time to existing policies.
$1.55 billion pending deal brings direct-to-consumer life insurer and renowned brand to Western & Southern’s diversified family of financial services businesses. Current plans call for all 500+ Gerber Life associates to remain in place.
While total life insurance new annualized premium was flat in the first half of the year, indexed universal life propelled U.S. individual life insurance new premium to grow 2% in 2Q, according to the latest LIMRA data.
Newly released study shows 89% of all new FE premium sold through independent distribution.
Total new premium for life combination products increased 18% in 2017, marking the third consecutive year of premium growth.
This marks the third consecutive quarter of declines in new annualized life insurance premium as a 19% drop in fixed universal life sales during the first three months of this year drag down sales totals.
Allianz Life’s 2018 Life Insurance Needs Survey finds consumers interested but undereducated about living and tax benefits of whole life, which provides an opportunity for financial professionals to bridge the education gap.