Universal life insurance

National Life Launches Innovative New Indexed Universal Life Insurance Products

Retrieved on: 
Monday, October 28, 2019
Software, Insurance, Finance, Consulting, Data management, Accounting, Professional services, Technology, Economy, Finance, Money, Types of insurance, Institutional investors, Life insurance, Universal life insurance, Insurance, Universal Life

Both FlexLife and PeakLife are indexed universal life insurance and they feature an expanded set of interest crediting options.

Key Points: 
  • Both FlexLife and PeakLife are indexed universal life insurance and they feature an expanded set of interest crediting options.
  • National Life Group is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates.
  • 1 Fastest growing for life sales among all reporting life insurance companies from 2013-2018 with individual life sales of at least $50 mm in 2013 LIMRA Sales Rankings, 2018
    2 FlexLife NL and PeakLife NL Indexed Universal Life Insurance, form series 20607/ICC19-20607(0119), and Accelerated Benefits Riders, form series 7490/7493/8591NY/8765/9744/ICC10-884320285/ICC15-20285/20286/ICC15-20286 are underwritten by National Life Insurance Company.
  • FlexLife and PeakLife Indexed Universal Life Insurance, form series 20608/ICC19/20608(0119), and Accelerated Benefits Riders, form series 8052/8095/8165/8766/ICC10-8844/20287/ICC15-20287/20288/ICC15-20288 are underwritten by Life Insurance Company of the Southwest, Addison, Texas.

BMO Insurance Launches Enhanced Market Indexed Account Exclusively On Universal Life Insurance Policies

Retrieved on: 
Thursday, October 10, 2019
Economy, Finance, Money, Life insurance, Insurance, Universal life insurance

TORONTO, Oct. 10, 2019 /CNW/ - BMO Insurance today announced the launch of the North American Equity Enhanced Market Indexed Account (EMIA), a new investment option available exclusively on its universal life insurance policies.

Key Points: 
  • TORONTO, Oct. 10, 2019 /CNW/ - BMO Insurance today announced the launch of the North American Equity Enhanced Market Indexed Account (EMIA), a new investment option available exclusively on its universal life insurance policies.
  • "People in Canada want more certainty when it comes to their life insurance policies," said Steven Cooney, Senior Vice President, Head of Individual Life and Annuities, BMO Insurance.
  • BMO Insurance applies a smoothing formula to provide its policy owners with a more stable credited rate on their universal life insurance policies.
  • For more information on the Enhanced Market Indexed Account and other BMO Insurance products, please visit: bmoinsurance.com/advisor .

Midland National Life Insurance Company Announces Essential Guaranteed Universal Life Product

Retrieved on: 
Wednesday, August 21, 2019
Economy, Finance, Money, Types of insurance, Insurance, Insurance industry, Universal life insurance, Life insurance, Mutual Life Insurance Company

WEST DES MOINES, Iowa, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Midland National Life Insurance Company , a member of Sammons Financial Group and one of Americas leading insurance companies, today announced a new Essential Guaranteed Universal Life (UL) insurance product with an added Premium Recovery Endorsement and new rates.

Key Points: 
  • WEST DES MOINES, Iowa, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Midland National Life Insurance Company , a member of Sammons Financial Group and one of Americas leading insurance companies, today announced a new Essential Guaranteed Universal Life (UL) insurance product with an added Premium Recovery Endorsement and new rates.
  • In this era of low interest rates, a number of carriers are no longer offering a lifetime guaranteed universal life insurance product.
  • To learn more about the new Midland National Essential Guaranteed Universal Life product, you can find an agent near you.
  • Founded as Dakota Mutual Life Insurance Company in 1906, Midland NationalLife Insurance Company has protected families and preserved legacies for generations.

North American Company for Life and Health Insurance Announces Custom Guarantee Universal Life Product

Retrieved on: 
Wednesday, August 21, 2019
Economy, Finance, Money, Life insurance, Types of insurance, Insurance, Insurance industry, Universal life insurance, Indexed life, Insurance broker

WEST DES MOINES, Iowa, Aug. 21, 2019 (GLOBE NEWSWIRE) -- North American Company for Life and Health Insurance , a member of Sammons Financial Group and one of Americas leading insurance companies, today announced a new Custom Guarantee Universal Life (UL) insurance product with an added Premium Recovery Endorsement and new rates.

Key Points: 
  • WEST DES MOINES, Iowa, Aug. 21, 2019 (GLOBE NEWSWIRE) -- North American Company for Life and Health Insurance , a member of Sammons Financial Group and one of Americas leading insurance companies, today announced a new Custom Guarantee Universal Life (UL) insurance product with an added Premium Recovery Endorsement and new rates.
  • To learn more about the new North American Custom Guarantee Universal Life product, you can find an agent near you.
  • North American Company for Life and Health Insurance is a member of Sammons Financial Group, Inc.
  • Since 1886, North American has established a tradition of providing quality insurance products to consumers throughout the U.S. We offer a comprehensive portfolio ofterm, universal life, and indexed universal life insurance products.

New York Life Announces Strong 2018 Financial Results, Surpasses $1 Trillion of Individual Life Insurance in Force in U.S.

Retrieved on: 
Tuesday, March 12, 2019
Professional services, Banking, Finance, Insurance, Insurance, Finance, Life insurance, Economy, Types of insurance, Insurance industry, Whole life insurance, Health insurance, Universal life insurance, New York Life Insurance Company, Massachusetts Mutual Life Insurance Company, MetLife

Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments and long-term care insurance.

Key Points: 
  • Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments and long-term care insurance.
  • 3 Insurance sales represent annualized first-year premiums on participating issued whole life insurance, term life insurance, universal life insurance, long-term care insurance, and other health insurance products.
  • 6 Individual life insurance in force is the total face amount of individual life insurance contracts (term, whole life and universal life) outstanding for NYLIC and its domestic insurance subsidiaries at a given time.
  • The companys individual life insurance in force totaled $1029.3 billion at December 31, 2018 (including $175.3 billion for NYLIAC).

The Leader in Indexed Universal Life Insurance Announces Two New Products

Retrieved on: 
Wednesday, February 27, 2019
Professional services, Insurance, Finance, Money, Economy, Types of insurance, Life insurance, Annuities, Insurance, Insurance industry, Pacific Life, Universal life insurance, Universal Life

Today, Pacific Life Insurance Company (Pacific Life) announced two new indexed universal life insurance (IUL) products: Pacific Discovery Xelerator IUL 2 (PDX IUL 2) and Pacific Indexed Accumulator 6 (PIA 6).1

Key Points: 
  • Today, Pacific Life Insurance Company (Pacific Life) announced two new indexed universal life insurance (IUL) products: Pacific Discovery Xelerator IUL 2 (PDX IUL 2) and Pacific Indexed Accumulator 6 (PIA 6).1
    Both life insurance products continue in the tradition of providing flexible death benefit protection for individuals and businesses.
  • Just some of the ways Pacific Life is committed to building life insurance products that stand the test of time.
  • Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company.
  • Pacific Life Insurance Companys Pacific Discovery Xelerator IUL (policy form #P15IUL and S16PDX or ICC15 P15IUL and ICC16 S16PDX, based on state of policy issue) is indexed universal life insurance.

Securian Financial Introduces Affordable, Protection-Focused IUL with No-Lapse Guarantee

Retrieved on: 
Monday, February 4, 2019
Professional services, Finance, Insurance, Finance, Money, Securian Financial Group, Economy, Life insurance, Universal life insurance, Insurance

Securian Financial has launched Value Protection Indexed Universal Life (IUL), a low-cost, protection-focused indexed universal life insurance policy with a built-in no-lapse guarantee.

Key Points: 
  • Securian Financial has launched Value Protection Indexed Universal Life (IUL), a low-cost, protection-focused indexed universal life insurance policy with a built-in no-lapse guarantee.
  • Financial professionals interested in learning more can call the Securian Financial Sales Desk at 1-866-335-7355.
  • These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company.
  • Securian Financial is the marketing name for Securian Financial Group, Inc. and affiliates.

Pacific Life Introduces New No-Lapse Guarantee Universal Life Insurance Product for the Underinsured Broad Market

Retrieved on: 
Wednesday, January 23, 2019
Professional services, Finance, Insurance, Finance, Annuities, Money, Economy, Actuarial science, Life insurance, Insurance in the United States, United States contract law, Life annuity, Universal life insurance, Insurance, First Colony Life Insurance Company

Pacific Life today announced the addition of PL Promise GUL1, a new, no lapse guarantee universal life insurance (GUL) product to its PL Promise line.

Key Points: 
  • Pacific Life today announced the addition of PL Promise GUL1, a new, no lapse guarantee universal life insurance (GUL) product to its PL Promise line.
  • Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company.
  • Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company.
  • Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company.

Which Type of Annuity Provides the Highest Guaranteed Income? New CANNEX Research Shows it Depends on Factors Such as Gender and When Income Starts

Retrieved on: 
Wednesday, October 10, 2018
Annuities, Economy, Finance, Money, Life annuity, Fixed annuity, Insurance, Universal life insurance, Equity-indexed annuity

NEW YORK, Oct. 10, 2018 /PRNewswire/ -- New research by CANNEX asked a simple question: Which type of annuity provides the highest guaranteed income for Americans planning for retirement?

Key Points: 
  • NEW YORK, Oct. 10, 2018 /PRNewswire/ -- New research by CANNEX asked a simple question: Which type of annuity provides the highest guaranteed income for Americans planning for retirement?
  • Single premium immediate annuities (SPIAs) were generally found to provide the highest income guarantee for those planning on drawing immediate income.
  • For a couple who are of different ages the study found that a variable annuity (VA) with guaranteed income may generate the highest annual payments.
  • For an individual looking to start drawing down money in five or 10 years, the research shows a Fixed Indexed Annuity (FIA) provides a greater guaranteed stream of income than either a deferred income annuity (DIA) or variable annuity.

Nationwide's enhanced No-Lapse Guarantee Universal Life solution lets clients customize policy to their needs

Retrieved on: 
Tuesday, August 28, 2018
Finance, Money, Economy, Annuities, Types of insurance, Retirement, Life insurance, Insurance, Life annuity, Nationwide Mutual Insurance Company, Whole life insurance, Universal life insurance

"It also offers flexible premiums and coverage lengths that allow you to adjust the policy as your needs change."

Key Points: 
  • "It also offers flexible premiums and coverage lengths that allow you to adjust the policy as your needs change."
  • Options to customize and manage your policy Optional riders to customize your policy to fit your needs and an Automated Premium Monitor to help you manage your policy.
  • Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
  • All guarantees and benefits of the insurance policy are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company.