Whole Life NEWS


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.

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Recent Whole Life Insurance News

‘America’s Final Expense Company’ Settlers Life closing its doors

Parent company NGL will take over administration of in-force block.

Mutual of Omaha launches whole life policy with funeral planning services rider

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.

John Hancock doubles down on Vitality health and wellness platform

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.

Western & Southern reaches $1.55B deal with Nestlé S.A. to acquire Gerber Life

$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.

Strong IUL sales behind modest individual life premium growth in 2Q, but total premiums...

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.

Final Expense new annualized premium rises 4% in 2017

Newly released study shows 89% of all new FE premium sold through independent distribution.

Life-LTC combo products on rise; now represent 25% of total new U.S. life insurance...

Total new premium for life combination products increased 18% in 2017, marking the third consecutive year of premium growth.

Individual life premiums fall 2% in 1Q 2018 thanks to poor fixed UL sales

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.

Majority of Americans still unsure about full benefits of permanent life coverage

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.

Indexed life sales up 6.1% in 2017

Strong fourth quarter bolsters increase according to latest Wink report; Pacific Life retains the top spot in indexed life sales, with an 18.5% market share.

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