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A Life In Employee Benefits

A timeline of Sen. Edward Kennedys involvement in employee benefits legislation 1978: Is a driving force behind passage of the Pregnancy Discrimination Act, which requires group health care plans to provide the same coverage for maternity c...

Argus, Tremont Agree to Settlement in Madoff Lawsuit

A pair of affiliated insurance firms -- Argus Group Holdings Ltd. and Tremont International Insurance Ltd. -- have reached a settlement with life insurance and annuity consumers in a lawsuit connected with the far-reaching Bernard Madoff fr...

Employee Benefits Selections "Recession-resistant" since nearly 9 out of 10 workers in the United States plans to maintain or increase coverage for 2010, according to MetLife Open Enrollment Latest Poll

NEW YORK - (BUSINESS WIRE) - Millions of American workers will be making their decisions on employee benefits in the weeks and months ahead in the autumn of their employer's open enrollment period- often the only time the year when employee...

Perspectives: The Hard Math to 60 Votes in Democratic Senate After Kennedy Death

The death of Sen. Edward Kennedy, beyond its tragic weight for his friends, constituents and public admirers, further highlights a basic math problem that his Democratic colleagues in the Senate have been facing. It takes one vote away from...

MassMutual Achieves Highest Q2 and YTD 401 (k) Increases Sales According to industry data

A survey of the industry's most popular *, MassMutual Retirement Services division achieved the highest second quarter 2009 sales based on the assets of the 16 vendors participating pension plans. Results include a full service and models o...

Life Premium Has Worst Half-Year Decline in Nearly 70 Years, LIMRA Says

After a plunge of 26 per cent in the first quarter, individual annual premium life insurance fell from 20 percent in the second quarter, according to LIMRA's U.S. Life report on sales of individual insurance. Overall, premiums have fallen 2...

Life happens; new tools help financial Pros Step In

DES MOINES, Iowa - (BUSINESS WIRE) - Every eight seconds a baby is born and a Boomer hits retirement Age1. Whether it's a step planned or a surprise setback, life events create financial needs and relationship-building trip opportunities fo...

Insurer To Pay $17m To State

A Texas health insurer yesterday agreed to cough up $17 million in fines and other costs and will be barred from signing up new Massachusetts customers after it was accused of not delivering on promises to self-employed workers and other po...

John Hancock Partners with Millennium Trust Company to terminate the services plan

Millennium Trust Company, a leading provider of custody and the IRA announced that John Hancock has selected the company as custodian for its innovative solution for terminating plans. The solution, which enhances the current service offeri...

Notice to All Variable Universal Life Insurance Policy Investors from the Securities Law Firm of Tramont Guerra & Nunez, PA

Coral Gables, Florida (Vocus) September 1, 2009 -- The Securities Law Firm of Tramont Guerra Nez, PA (TGN) makes an announcement to all investors whose brokers recommended the use of mortgage proceeds to purchase securities. In a news relea...

Beacon's Fixed Annuity Premium Study Reports Second Quarter's Fixed Annuity Sales

U.S. sales of fixed annuities were an estimated $27.8 billion in second quarter 2009 according to new data from the Beacon Research Fixed Annuity Premium Study. Quarterly sales were 10% higher than those of second quarter 2008, but 20% belo...

Aegon Concludes Sale Of Life Insurance Operations In Taiwan

Life insurance and pension company AEGON N.V. (NYSE:AEG) (Athens:AEGN) reported on Monday that it has completed the sale of its Taiwanese life insurance business to Zhongwei Company Ltd. According to AEGON the sale resulted in a total negati...

Bangkok Life Assurance Plans Ipo In September 2009

Bangkok Life Assurance, an affiliate of Thailand's Bangkok Bank, is planning to raise approximately THB2.8 billion in an initial public stock offering in September 2009, reported Reuters. The proceeds are expected to accommodate fund expansi...

Why Estate Planning Is Crucial When You Have Children From A Previous Relationship

[Mary] unfortunately dies unexpectedly from a brief illness. Mary's children are devastated by their mother's death and further demoralized to learn that they inherited absolutely nothing from her estate. .[Michael] inherited everything bec...

Life Insurance Can Protect Your Home

What would happen if you-the primary income producer or even as half of a aual-income partnership-suddenly died? Besides the emotional trauma, a surviving spouse may experience a significant decrease in household income that coiud lead to f...

A.M. Best Special Report: Life Insurers’ 2008 Liquidity Returns to 2006 Levels

OLDWICK, N.J.--(BUSINESS WIRE)-- The year 2008 was marked by sharp equity declines, high volatility and increased spreads of most asset classes when compared with U.S. Treasury securities. U.S. life insurers responded by building up large ca...

Online Life Insurance Inquires Up On Swine Flu Fears

Online life insurance companies see sharp rise in site traffic as the H1N1 virus spreads throughout the United States. Online inquires for life insurance are up as individuals look to get their financial matters in order. Many people are co...

Increasingly, Seniors Realizing Nest Egg in Life Insurance Policies

Seniors battered by the tough economy are selling their life insurance policies to replenish their retirement nest eggs. Unlike younger investors, older adults may not have the time to wait for the market to recover all of their losses, so...

Securitization Of Life Insurance Settlements

This article was originally published in the July 2009 Life Settlements Review Life insurance settlements (LIS) constitute a potentially attractive candidate asset class for the issuance of rated securitized paper. The most recent longevity...

Insurance Commissioner Poizner To File Lawsuit To Stop Unconstitutional $1 Billion Sale Of State Compensation Insurance Fund Assets

The California Department of Insurance issued the following press release: Commissioner Poizner announced that he will file a lawsuit to have the $1 billion sale of State Compensation Insurance Fund (SCIF) assets declared unconstitutional,...