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As indexed universal life sales climb, be sure to mind the risks
Advisers need to bear in mind that this cousin of traditional universal life insurance requires unique precautions.
MassMutual beefs up DCIO effort, extending reach into retirement plans
Insurer faces uphill battle as competition in defined contribution investment-only space is tough.
SEC goes after firm for fraud tied to life settlements
The regulator alleges Pacific West Capital Group mislead investors about risks associated with the investments
Northwestern Mutual purchases LearnVest
The insurer will acquire LearnVest for an undisclosed amount, with LearnVest saying its platform will maintain its brand identity and business relationships.
Northwestern Mutual agrees to settle annuities suit for $84 million: report
About 30,000 current and former annuity owners claim company failed to pay proper dividends on contracts sold 30 years ago.
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Robert Benmosche remembered as tenacious, fair by colleagues
Industry colleagues, from Hank Greenberg to Don Marron, recall the former MetLife, AIG CEO, who passed away at 70 Friday after a battle with cancer.
The Mutual Fund Store adds new products, services as it eyes eventual IPO
The Mutual Fund Store, the 10th-biggest RIA by AUM according to IN's database, is led by CEO John Bunch, who's taking a number of steps to keep growing as it eyes an eventual IPO.
MetLife gets back in the variable-annuity-with-living-benefits game
Longtime variable annuity player MetLife Inc. is stepping off the sidelines and getting back into the game as it launches a new living benefit rider. The New York-based insurer will release a new guaranteed lifetime withdrawal benefit rider, called FlexChoice, for sale on Saturday, Feb. 14. MetLife
Don't let beneficiary designations come back to haunt divorcing clients
Some states will bar the payment of life insurance proceeds when a couple is splitting.
MetLife plans to sue to overturn Dodd-Frank systemic-risk label
The insurer will be the first non-bank to argue that its failure would not pose a threat to the financial system.
John Hancock buys New York Life's retirement unit; New York Life acquires block of John Hancock's life insurance biz
In a two-part tradeoff, John Hancock will acquire New York Life's Retirement Plan Services business, and New York Life will take on a block of John Hancock's life insurance business. One deals bolsters John Hancock's retirement reach and the other the other New York Life's insurance reserves.
National insurance registry falls short of goal line, tax extenders passes
With Congress adjourned, rejected bills, such as one facilitating insurance agents' ability to practice in multiple states that was blocked by Sen. Tom Coburn, will need to be reintroduced next year.
Senate set to approve national insurance-agent registry
Though new board has wide support among state regulators, GOP senator cries foul over infringement of states' rights.
Top Jackson National exec Clifford Jack to step down
Mr. Jack helped build the insurer's variable annuities business and independent broker-dealer network.