Allianz Life
{August 2nd, 2022} by Broker World
To help clients who are looking for growth potential paired with a level of protection from market volatility, Allianz Life Insurance Company of North America (Allianz Life) has released enhancements on its Allianz Accumulation Advantage fixed index annuity (FIA). The FIA has been re-engineered to offer more competitive rates, along with the addition of the new […]
Broker Words—August 2022
{August 2nd, 2022} by Stephen Howard
Sad news indeed for those of us who appreciate the brokerage business as it was in years past. An icon of those days, David Lenaberg, Ph.D., passed on April 20 in High Point, NC. Prior to his insurance career, Lenaberg earned a Ph.D. in mathematics from LSU and served as a professor there. Click HERE […]
Why Use An IMO?
{August 2nd, 2022} by Charlie Gipple
Once upon a time, the insurance companies that manufacture life, annuity, and long term care products generally owned their distribution. What that meant was the insurance agent that sold an insurance company’s products to the end-consumer was also an employee of the insurance company. For these “captive/career” companies, they were—and still are—able to provide training, […]
AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries
{August 2nd, 2022} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the property/casualty (P/C) members of Horace Mann Insurance Group (Horace Mann), and Horace Mann Life Insurance Company (Horace Mann Life). In addition, AM Best has affirmed the FSR of A (Excellent) […]
Barron’s Names Global Atlantic Among 100 Best Annuities for Income and Growth
{August 2nd, 2022} by Global Atlantic Financial Group
NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group (“Global Atlantic”), a leading financial services company, today announced its inclusion in the annual Barron’s list of the Best Annuities. Annuities issued by Global Atlantic subsidiary Forethought Life Insurance Company were recognized by Barron’s in the Registered Index-Linked Annuities and Fixed-Indexed Annuities categories. ForeStructured Growth, the firm’s registered index-linked annuity (RILA), was recognized as […]
American Equity Schedules Second Quarter 2022 Earnings Release, Conference Call and Webcast
{August 2nd, 2022} by American Equity Investment Life Insurance Company
WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release second quarter 2022 earnings and other financial results after the close of market on Monday, August 8, 2022. The second quarter earnings release and financial supplement will be posted on the American Equity IR website at https://ir.american-equity.com/ at that […]
CNO Financial Group Reports Second Quarter 2022 Results
{August 2nd, 2022} by CNO Financial Group, Inc.
CARMEL, Ind., Aug. 1, 2022 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ended June 30, 2022, net income was $136.1 million, or $1.16 per diluted share, compared to $78.0 million, or $0.58 per diluted share, in 2Q21. Net operating income (1) in 2Q22 was $100.1 million, or $0.85 per diluted share, compared to $89.1 million, or $0.66 per diluted share, in 2Q21. “CNO posted another […]
Liberty Bankers Insurance Group Launches Agent Portal
{August 2nd, 2022} by Liberty Bankers Insurance Group
DALLAS, Aug. 1, 2022 /PRNewswire/ — Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and financial products, today announced the launch of an Agent Portal for its Home Service, PreNeed, and Supplemental Health lines of business. “Combining our high-touch, personalized service with a robust online Agent Portal, the LBIG team is available for support when […]
Kansas City Life Announces Second Quarter 2022 Results
{August 2nd, 2022} by Kansas City Life Insurance Company
KANSAS CITY, Mo., July 29, 2022 /PRNewswire/ — Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarter of 2022, an increase of $0.2 million or $0.02 per share relative to the second quarter of 2021. In the first six months of 2022 we recorded a net loss of $3.2 million or $0.33 per share, compared to net income of $3.6 million or $0.37 per […]
Northwestern Mutual Leads Industry in Forbes’ Ranking of “Top Financial Security Professionals”
{August 2nd, 2022} by Northwestern Mutual
MILWAUKEE, July 28, 2022 /PRNewswire/ — Northwestern Mutual advisors represent more than one quarter of the honorees on Forbes’ 2022 “Top 100 Financial Security Professionals” list, with over 270 advisors recognized as “Best-In-State Financial Security Professionals.” Northwestern Mutual’s majority representation in this year’s Forbes ranking exceeds that of its competitors and marks the highest participation rate on a single industry recognition list in company […]
Northwestern Mutual deepens its decade-long commitment to fighting childhood cancer with $2 million donation to Alex’s Lemonade Stand Foundation
{August 2nd, 2022} by Northwestern Mutual
MILWAUKEE, July 27, 2022 /PRNewswire/ — Marking the 10-year anniversary of its Childhood Cancer Program, Northwestern Mutual, through its Foundation, has committed $2 million to Alex’s Lemonade Stand Foundation (ALSF) to support the organization’s Crazy 8 Initiative. As the initiative’s largest funder, Northwestern Mutual’s investment will support research for innovative and rigorous approaches that address the most intractable issues in […]
The Majority of Americans Say Their Financial Planning Needs Improvement, But Only a Third Seek Professional Help
{August 2nd, 2022} by Northwestern Mutual
MILWAUKEE, July 27, 2022 /PRNewswire/ — More than six in 10 Americans (62%) say their financial planning needs improvement, yet only a third (35%) seek the help of a financial advisor according to the latest set of findings from the Northwestern Mutual 2022 Planning & Progress Study. The data also revealed a more near-term trend showing a […]
Hybrid Work Reduced Attrition Rate by a Third, Study Shows
{August 2nd, 2022} by Reade Pickert
Hybrid work reduced attrition rates at a large technology firm by 35% and improved self-reported work satisfaction scores, with no negative impact on performance ratings or promotions, according to a new study co-authored by Nicholas Bloom of Stanford University. Click HERE to read the full story via Bloomberg
Northwestern Mutual: Should Student Loan Borrowers Also Get Life Insurance?
{August 2nd, 2022} by Northwestern Mutual
NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) — With student loan debt in the United States currently estimated to total $1.762 trillion, the price of higher education is quickly taking its toll on many households. Borrowers may be wondering if they need to consider their student loans when purchasing life insurance coverage. The answer to this depends on what […]
National Guardian Life Insurance Company sells Settlers Life Insurance Company
{August 2nd, 2022} by National Guardian Life Insurance Company
National Guardian Life Insurance Company (NGL), a Madison-based mutual life insurance company, announced the sale of Settlers Life Insurance Company, a Wisconsin domiciled insurer, to Everly Holdings, LLC, the owner of Everly, LLC, a direct-to-consumer insurance agency. Approximately 225,000 policies that are geographically disbursed throughout the United States consisting of final expense and single premium […]
