Variable universal life insurance

Lincoln Financial Group Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Consulting, Professional Services, Finance, Treasury, Operation, Dietary Supplement Health and Education Act of 1994, Table, Life, Universal Life, Disability, AOCI, AFS, GAAP, Lincoln National Corporation, Sale, Accounting, Growing (band), Incidence, MRB, Webcast, Mortality, EPS, Variable universal life insurance, ROE, DAC, Life insurance, Insurance, Video game, Cryptocurrency

Net outflows were $1.1 billion in the quarter compared to net outflows of $285 million in the prior-year quarter.

Key Points: 
  • Net outflows were $1.1 billion in the quarter compared to net outflows of $285 million in the prior-year quarter.
  • Group Protection reported income from operations of $109 million in the quarter compared to income from operations of $49 million in the prior-year quarter.
  • Group Protection sales for the quarter were $96 million, down 24% compared to the prior-year quarter.
  • Lincoln Financial Group will discuss the company’s second quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, August 3, 2023.

Lincoln Financial Group Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
Consulting, Professional Services, Finance, Treasury, Operation, Dietary Supplement Health and Education Act of 1994, Table, Universal Life, Variable universal life insurance, Supplement, COVID-19, AOCI, GAAP, Lincoln National Corporation, BVPS, Sale, Growing (band), Incidence, MRB, Webcast, Mortality, EPS, DAC, Life insurance, Insurance, Security (finance), Pharmaceutical industry, Video game, Cryptocurrency, ROE

Net outflows were $331 million in the quarter compared to net outflows of $525 million in the prior-year quarter.

Key Points: 
  • Net outflows were $331 million in the quarter compared to net outflows of $525 million in the prior-year quarter.
  • Group Protection reported income from operations of $71 million in the quarter compared to a loss from operations of $46 million in the prior-year quarter.
  • Group Protection sales for the quarter were $128 million, up 22% compared to the prior-year quarter.
  • Lincoln Financial Group will discuss the company’s first quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Wednesday, May 10, 2023.

Digital-First Life Insurance Platform Amplify Announces New Investment Round Led by Munich Re Ventures

Retrieved on: 
Monday, October 3, 2022
Adviser, Personal Capital, Ecosystem, Munich Re, Technology, Industry, Engineering, CEO, Health, Conversational Capital, Risk assessment, Radar, AIMS, Growth, San Francisco Bay Area, Friction, Insurance, Partnership, Investment, Policy, Data science, SAN, MRV, Marketplace, Crosslink Capital, Risk, Board of directors, Variable universal life insurance, Board, Marketing, Life insurance, Financial services, Amplification

SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Amplify Life Insurance, a digital-first life insurance platform focused on helping customers build wealth through permanent life insurance, announced an investment round led by Munich Re Ventures (MRV), with follow on investment by Crosslink Capital, Greycroft, and Conversion Capital. The investment brings Amplify's total funding to $25.1 million.

Key Points: 
  • Company Aims to Democratize Access to Permanent Life Insurance, Allow Customers to Invest Premiums in Public Markets
    SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Amplify Life Insurance , a digital-first life insurance platform focused on helping customers build wealth through permanent life insurance, announced an investment round led by Munich Re Ventures (MRV), with follow on investment by Crosslink Capital, Greycroft, and Conversion Capital.
  • With built-in capabilities for expedited underwriting and policy delivery, most Amplify customers are able to get a life insurance investment policy within days and without a medical exam.
  • With the help of MRV and Munich Re, Amplify will further build the life insurance ecosystem needed to democratize permanent life insurance.
  • Amplify is the first digital permanent life insurance platform offering customers direct access to products where you access tax-efficient investment returns and obtain lifelong protection.

Life insurers see increased variable universal life sales compared to universal life and indexed universal life products, according to annual Milliman survey

Retrieved on: 
Thursday, July 14, 2022
COVID-19, VUL, Variable universal life insurance, UL, City, Universal Life, Investment, Milliman, LTC, IUL, Life insurance

During YTD 9/30/21, sales of chronic illness riders as a percent of total sales were 20.4% for UL products and 48.0% for IUL products.

Key Points: 
  • During YTD 9/30/21, sales of chronic illness riders as a percent of total sales were 20.4% for UL products and 48.0% for IUL products.
  • During the same period, sales of policies with long-term care riders as a percent of total sales were 49.8% for UL products, 22.5% for IUL products, and 33.4% for VUL products.
  • The 131-page "Universal Life, Indexed Universal Life, and Variable Universal Life Issues 2021/2022 Detailed Report" includes detailed information on product and actuarial issues, such as sales, profit measures, reserves, investments, underwriting, product design, pricing, and illustrations.
  • It is available for purchase by visiting the Milliman website at https://www.milliman.com/en/insight/Universal-life-and-indexed-universal... or by calling Gina Ritchie at (312) 499-5605.

United States Individual Variable Annuity Insurance Series - 2 Issues Per Annum - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 16, 2022
Insurance, Professional Services, Industry, Insurance, Publication, Research, Garden (Summer Edit), Market, Policy, Variable universal life insurance, Life insurance

The "United States Individual Variable Annuity Insurance Segment Series Subscription - 2 Issues Per Annum" newsletter from Conning, Inc has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Individual Variable Annuity Insurance Segment Series Subscription - 2 Issues Per Annum" newsletter from Conning, Inc has been added to ResearchAndMarkets.com's offering.
  • The Insurance Segment Report presents key issues and developments in the market including market constituents, market forces, products and product features, financial results, and future outlook for the Variable Universal Life line of business.
  • Variable universal life insurance provides lifelong insurance protection.
  • As with all Insurance Segment Reports the key insurers in the segment are ranked with a five-year comparison.

Latest Variable Universal Life Insurance Offering from Lincoln Financial Provides Growth and Protection Flexibility

Retrieved on: 
Monday, January 24, 2022
Other Consumer, Insurance, Women, Finance, Seniors, Men, Professional Services, Consumer, Other Professional Services, Income, BANK, Lincoln National Corporation, VUL, Retirement, Financial services, Fidelity, LinkedIn, ANY, Lincoln, Employee Retirement Income Security Act of 1974, FDIC, CFA, NYSE, Growth, Safety, Optimism, NOT, Solution, Instagram, FTSE4Good Index, Center for Retirement Research at Boston College, Press release, Insurance, Time, Goal, Broker-dealer, Corporate Equality Index, The American College of Financial Services, Variable universal life insurance, LNC, American College, Dow Jones, CNO Financial Group, Twitter, Prospectus, Policy, Investment, Life insurance, Life, Facebook

Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln AssetEdge, an accumulation-focused Variable Universal Life (VUL) insurance policy offering significant tax-advantaged cash value growth and income potential and a cost-effective death benefit.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln AssetEdge, an accumulation-focused Variable Universal Life (VUL) insurance policy offering significant tax-advantaged cash value growth and income potential and a cost-effective death benefit.
  • AssetEdge provides the flexibility to participate in the market and access cash value to supplement income, while protecting your loved ones and life priorities.
  • Any additional growth increases both the policy value and death benefit protection, which can be accessed or passed on to beneficiaries.
  • Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.

Valmark Financial Group Launches Its TOPS® ETF Portfolios Within John Hancock's Suite Of Variable Insurance Solutions

Retrieved on: 
Friday, May 14, 2021
Annuities, Finance, Money, Insurance, Life insurance, Insurance in the United States, United States contract law, Life annuity, Variable universal life insurance, Exchange-traded fund

b'AKRON, Ohio, May 14, 2021 /PRNewswire/ --ValmarkFinancial Group today announced the launch of its TOPS ETF Portfolios as investment options within the variable life insurance solutions offered by John Hancock.The addition of John Hancockfurther solidifies TOPS as the leading independent provider of ETF Portfolios within the life insurance and annuity market.

Key Points: 
  • b'AKRON, Ohio, May 14, 2021 /PRNewswire/ --ValmarkFinancial Group today announced the launch of its TOPS ETF Portfolios as investment options within the variable life insurance solutions offered by John Hancock.The addition of John Hancockfurther solidifies TOPS as the leading independent provider of ETF Portfolios within the life insurance and annuity market.
  • "However, we believed early on that the TOPS Portfolios belonged alongside other high quality investment choices as a viable engine to power variable-based insurance contracts.
  • "John Hancock was an early pioneer in the variable space and has always been a favored insurance solution by our Member Firms.
  • To learn more about Valmark Financial Group, visit www.valmarkfg.com .\nSecurities offered through Valmark Securities, Inc.

John Hancock Meets Strong Market Demand with New Protection Variable Life Insurance Product

Retrieved on: 
Monday, April 5, 2021
Life insurance, Insurance, Types of insurance, Types, Variable universal life insurance, Universal life insurance, VUL, John Hancock Financial, Manulife

BOSTON, Mass., April 5, 2021 /PRNewswire/ -Today, John Hancock, the US division of Toronto-based Manulife (NYSE: MFC), announced a new protection variable universal life insurance product, Protection VUL, is now available for sale from all approved distribution partners.

Key Points: 
  • BOSTON, Mass., April 5, 2021 /PRNewswire/ -Today, John Hancock, the US division of Toronto-based Manulife (NYSE: MFC), announced a new protection variable universal life insurance product, Protection VUL, is now available for sale from all approved distribution partners.
  • "Our 'Protection' portfolio reflects our mission to provide long-term value through a variety of options that help customers address their specific goals," said Neal Kerins, vice president, Product Development, John Hancock Insurance.
  • Premium savings are in comparison to the same John Hancock life insurance policy without Vitality PLUS.
  • Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges (which differ with the product chosen), including surrender charges and investment management fees.

Best’s Commentary: U.S. Life Insurance Products to Change in Reaction to New Tax Rules

Retrieved on: 
Monday, March 29, 2021
Insurance, Professional services, Life insurance, Insurance, Types of insurance, Finance, Money, Insurance in the United States, Annuities, Variable universal life insurance

Two tests are used to determine if a life insurance contract meets the definition of life insurance under Section 7702 of the IRS tax code for the favorable tax treatment of cash value build-up and death benefits.

Key Points: 
  • Two tests are used to determine if a life insurance contract meets the definition of life insurance under Section 7702 of the IRS tax code for the favorable tax treatment of cash value build-up and death benefits.
  • These tests pertaining to cash value accumulation and guideline premium/corridor rules that aim to ensure that life insurance contracts are used for protection rather than investments.
  • The Bests Commentary, U.S. Life Insurance Products to Change in Reaction to New 7702 Tax Rules, notes that the new law sets an insurance interest rate, which will change when the reserve valuation interest rate changes and impact the testing.
  • Because of the new law, according to the commentary, companies are likely to start filing life insurance products with lower guarantees.

New Variable Universal Life Insurance Offering From Lincoln Financial Helps Clients Diversify Retirement Portfolios

Retrieved on: 
Monday, June 8, 2020
Finance, Consulting, Banking, Professional services, Insurance, Economy, Finance, Money, Insurance, Types of insurance, Lincoln National Corporation, Radnor Township, Delaware County, Pennsylvania, Life insurance, VUL, Variable universal life insurance

Lincoln Financial Group (NYSE: LNC) announced today that it will launch the next generation of its Lincoln AssetEdge Variable Universal Life (VUL) insurance offering on June 15.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) announced today that it will launch the next generation of its Lincoln AssetEdge Variable Universal Life (VUL) insurance offering on June 15.
  • By working with a financial professional to understand the different uses of life insurance, such as those found within the new AssetEdge, clients can further diversify their retirement portfolios, and incorporate new strategies for growth, protection and income.
  • Insurance agents cited client questions about their current policy coverage with respect to the virus2, underscoring the importance that clients place in life insurance.
  • Lincoln AssetEdge VUL (2020) is issued on policy form ICC20-VUL688/20-VUL688 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.