IUL

Pacific Life Launches New Flagship Indexed Universal Life Insurance Product

Retrieved on: 
Monday, April 8, 2024
Finance, Family, Consumer, Professional Services, Insurance, Pacific Life, Retirement, IUL, Death, Life insurance

Pacific Life Insurance Company announced today that it has introduced a new flagship indexed universal life (IUL) insurance product, aimed at affluent clients who need competitively priced life insurance protection and significant flexibility in their retirement and estate plans.

Key Points: 
  • Pacific Life Insurance Company announced today that it has introduced a new flagship indexed universal life (IUL) insurance product, aimed at affluent clients who need competitively priced life insurance protection and significant flexibility in their retirement and estate plans.
  • “Pacific Horizon IUL 2 is an evolutionary product, built on the most successful product features of Pacific Life’s past IUL products,” says Dawn Behnke, executive vice president, consumer markets business, Pacific Life.
  • “IUL products like Pacific Horizon IUL 2 can help clients worried about having enough money to last throughout retirement by providing both death benefit coverage and cash value growth potential,” says John Church, assistant vice president, product marketing, consumer markets business, Pacific Life.
  • “And for more affluent clients who may have different needs, this product can help prioritize tax efficiency, preserve a fulfilling legacy for their heirs, address business needs, and plan for future expenses.”

Symetra Introduces Cancer Care Compass(SM)

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Oncology, Health, Insurance, Health Insurance, General Health, Diagnosis, Access, Life, IUL, Cancer, Life insurance

Symetra Life Insurance Company today announced the introduction of Cancer Care Compass, an industry-first optional rider package that offers a unique combination of cancer care benefits and services and is available at application on Symetra’s indexed universal life (IUL) products, Accumulator Ascent IUL and Protector IUL.

Key Points: 
  • Symetra Life Insurance Company today announced the introduction of Cancer Care Compass, an industry-first optional rider package that offers a unique combination of cancer care benefits and services and is available at application on Symetra’s indexed universal life (IUL) products, Accumulator Ascent IUL and Protector IUL.
  • “The Cancer Care Compass rider package provides access to multi-cancer early detection testing and can help provide the monetary, nutritional and health care support to live a longer and healthier life.
  • Cash benefit — Policyholders select a Cancer Care Compass cash benefit amount at application.
  • To learn more about Cancer Care Compass, or Symetra’s flagship permanent products — Symetra Protector IUL and Symetra Accumulator Ascent IUL — contact your insurance professional.

AM Best Assigns Credit Ratings to Everly Life Insurance Company

Retrieved on: 
Thursday, January 25, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, Credit, IUL, ALL, Risk management, News, AM Best, Growth

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Everly Life Insurance Company (Everly Life) (Topeka, KS).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Everly Life Insurance Company (Everly Life) (Topeka, KS).
  • SBL Holdings, Inc. (Security Benefit) launched Everly LLC in 2020 as its digital agency platform to offer Security Benefit Life Insurance Company’s accumulation-focused universal life insurance product directly to consumers.
  • In July 2022, Security Benefit acquired Settlers Life Insurance Company, a Wisconsin-domiciled, 49-state insurance company, which has since been rebranded to Everly Life Insurance Company.
  • Everly Life is well-capitalized and positioned to launch its first innovative product, an indexed universal life (IUL) in 2024.

Ameritas and Ethos launch new index universal life product

Retrieved on: 
Tuesday, January 9, 2024
Organization, IUL, Smart, Life insurance

Ameritas and Ethos have introduced a new index universal life insurance product offered exclusively through Ethos.

Key Points: 
  • Ameritas and Ethos have introduced a new index universal life insurance product offered exclusively through Ethos.
  • "Since 2020, Ameritas and Ethos have been collaborating to bring products to market and Ethos IUL is our newest product extension," said Peter Colis, CEO of Ethos.
  • Ethos Index Universal Life Insurance (IUL) issued by Ameritas offers an instant, hassle-free way for agents to protect a wider range of families with life insurance and financial benefits.
  • The new index universal life product became available to select Ethos partners beginning in September 2023.

AuguStar Life(SM) Selects iPipeline® to Help Strengthen its Digital Transformation Journey and Improve the Agent Experience

Retrieved on: 
Thursday, November 30, 2023
Constellation, Senior, IUL, Partnership, Downtown Manhattan Heliport, Online shopping, Financial services

EXTON, Pa., Nov. 30, 2023 /PRNewswire/ -- iPipeline® announces a partnership which will help AuguStarSM Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

Key Points: 
  • EXTON, Pa., Nov. 30, 2023 /PRNewswire/ -- iPipeline® announces a partnership which will help AuguStarSM Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.
  • iSolve ®, iPipeline's one-stop illustration solution that provides access to illustrations across multiple scenarios and provides product comparisons, as well as personalized, customizable, and compliant illustrations.
  • This partnership supports AuguStar Life's strategic commitment and recent expansion into the brokerage channel.
  • "Both iPipeline and AuguStar Life have a strong heritage and each is well respected in the industry.

AuguStar℠ Life Joins The Ensight™ Intelligent Quote Platform

Retrieved on: 
Thursday, November 16, 2023
Constellation, LTC, SAN, Subaru Telescope, IMO number, Acceleration, Annuity, Long-term care, Life, Insurance, IUL, RIAS, Partnership, Downtown Manhattan Heliport, Environment, Financial adviser

SAN DIEGO, Nov. 16, 2023 /PRNewswire-PRWeb/ -- Ensight, the leading life, long-term care (LTC) and annuity digital sales acceleration platform for insurance carriers, distributors and financial professionals, today announced a new partnership with AuguStarSM Life. This partnership brings the addition of AuguStarSM Life's Virtus IUL II product onto Ensight's digital marketplace for national distributors, broker-dealers, BGAs, IMOs, FMOs, RIAs and tens of thousands of financial professionals.

Key Points: 
  • AuguStar Life's life products are now available on Ensight's Life, LTC & Annuity insurtech platform, which digitally transforms the entire sales lifecycle experience.
  • SAN DIEGO, Nov. 16, 2023 /PRNewswire-PRWeb/ -- Ensight , the leading life, long-term care (LTC) and annuity digital sales acceleration platform for insurance carriers, distributors and financial professionals, today announced a new partnership with AuguStarSM Life.
  • Virtus IUL II is the first AuguStarSM Life insurance product to be featured on Ensight's platform.
  • "We are thrilled to welcome AuguStar Life to the Ensight Intelligent Quote marketplace," said Bill Unrue, CEO of Ensight.

Integrity Strengthens Life Insurance Leadership by Naming Victor Sanchez Vice President of Integrity Life

Retrieved on: 
Wednesday, October 11, 2023
Health, Victor, Distribution, Integrity, Perseverance, Insurance, Entrepreneurship, Growth, IUL, Sánchez, Life, Transamerica, Consumer, Management, DALLAS

DALLAS, Oct. 11, 2023 /PRNewswire/ -- Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced that it is continuing to expand its life insurance division with the addition of Victor Sanchez as Vice President of Integrity Life. Sanchez, a high-performing leader with extensive life and health insurance experience, will drive Integrity's growth in the life and long-term care markets, working closely with Integrity's executive leadership and partner group of industry trailblazers and experts.

Key Points: 
  • "Our life insurance offerings are crucial components of our mission to holistically protect the life, health and wealth of American families," said Bryan W. Adams, Co-Founder and CEO of Integrity.
  • We have so much respect for Victor and what he has accomplished, and we're honored to welcome him to the Integrity family!"
  • "I've always been a very purpose-driven person, and Integrity's culture of shared purpose spoke to me immediately," shared Victor Sanchez, Vice President of Integrity Life.
  • "I'm thrilled to expand and strengthen our Integrity Life leadership by adding Victor to our team," shared Tess Grace, President of Integrity Life.

John Hancock Introduces Life Insurance with Optional Long-Term Care Protection to Employers

Retrieved on: 
Monday, September 25, 2023
Workplace, Policy, New product development, Long-term care, IUL, Manulife, Completeness, Life insurance, Management, Vitality

This new permanent life insurance product, available through the workplace, offers a streamlined digital process for employees to receive an instant offer for personally owned coverage.

Key Points: 
  • This new permanent life insurance product, available through the workplace, offers a streamlined digital process for employees to receive an instant offer for personally owned coverage.
  • * If available through their employer, employees may choose to enhance their protection with optional rider coverage for long-term care needs.
  • "At John Hancock, we're committed to helping more customers secure the financial protection they need and to realize the many life-changing benefits of the John Hancock Vitality Program," said Neal Kerins, Vice President of Product Development, John Hancock.
  • "We're committed to making it easier for our customers to obtain the quality life insurance they need to help protect their families and reach their long-term financial goals."

Financial Literacy Group Releases A Study That Shows An IUL is Superior as a Retirement Instrument When Compared to a 401K or IRA, After the Cares Act 2020

Retrieved on: 
Tuesday, September 19, 2023
IRAS, Tradition, Main Street, Insurance, Tax, Small business, ETF, IRS, Policy, COVID-19, Indexed universal life, App Store (iOS/iPadOS), IUL, Income tax, Mid-range, Wall Street, IRA, CARES Act, Index, Reuters, Retirement, Roth, Investment, Risk, Provisions of the Affordable Care Act, Google Play, Growth, Bank, Longevity, Bias, Family, Financial adviser, Life insurance, Pension fund

SANTA MONICA, Calif., Sept. 19, 2023 /PRNewswire-PRWeb/ -- The CARES Act, passed in 2020, brought several changes to the IRS codes 7702 and 101(a), which impacted the Index Universal Life (IUL) insurance policies, along with other life insurance policies.

Key Points: 
  • Financial Literacy Group Releases a white paper study that shows an Index Universal Insurance policy is superior as a retirement instrument when compared to a 401K or IRA, especially after the CARES Act 2020.
  • Index Universal Life (IUL) Insurance is a type of permanent life insurance policy that has a cash value component, which can be invested in index-linked options.
  • IUL policies provide a death benefit and also have a cash value component that grows on a tax deferred basis.
  • Financial Literacy Group is changing the narrative on financial wellness, our solutions equalize the financial playing field between middle class Americans and financial institutions.

WHITE GLOVE ADDS TEN NEW FIRMS TO ITS RESOURCE PARTNER PROGRAM

Retrieved on: 
Thursday, June 22, 2023
Insurance, Partnership, Education, Marketing, Universal Life, IUL, IRA, Organization, Adviser, Fintech, Mammoth Resource Partners, Acquisition, Publication, Social Security, The White Glove, National Association, Social, SVP, Financial adviser

BIRMINGHAM, Mich., June 22, 2023 /PRNewswire/ -- White Glove, an advisor marketing company specializing in turnkey client acquisition and engagement services and a portfolio company of Rockbridge Growth Equity, today announced ten firms have joined its Resource Partner program to provide financial advisors with additional client-service and business-growth capabilities.

Key Points: 
  • Launched in January, the Resource Partner program aligns with organizations providing support to financial advisors through certifications, educational programs, software solutions, content, marketing strategies and more.
  • The partnership enables White Glove clients to receive discounted services from participating firms, and in return, the organizations receive discounted White Glove workshop offerings for their clients.
  • "The Resource Partner program provides outstanding products and services that empower financial advisors to excel and expand their businesses," said Lara Galloway, White Glove's SVP of Channel Management.
  • White Glove also recently announced the inclusion of Wealthtender , the first financial advisor review platform designed for compliance with the new SEC Marketing Rule.