If you are acting as a trustee of an ILIT, beware that you may have liability if you mismanage the insurance policy....
Jackson National Suspends Sale of Fee-Based Annuity in NY
New York, through Regulation 187, has imposed tougher standards on agents and brokers selling insurance products....
Genworth, GE, and Unum may sell their long-term care blocks to private equity firms or hedge funds
Originally published August 20, 2019 Low interest rates, increased longevity, and increased health care costs are...
Great-West to Sell Individual Life Insurance & Annuity Business
In an attempt to sharpen focus on serving the retirement market through Empower Retirement, Great-West Life &...
Genworth to Suspend LTCI and Annuity Sales Through BGAs
Genworth Financial Inc. says it will temporarily suspend sales of long-term care insurance (LTCI) and immediate annuities...
Genworth to Pay $219M to Settle Securities Lawsuit
Genworth Financial Inc. has settled a $219 million class-action lawsuit after making false representations to investors...
Genworth Suspends Life Insurance Sales
Henrico County-based insurance company Genworth Financial Inc. is suspending sales of its traditional life coverage...
GE’s Surprise $15 billion Shortfall was 14 Years in the Making
A Securities and Exchange Commission investigation called into question the oversight of GE leadership, after a $15...
Metlife Completes Spin-off of Brighthouse Financial
MetLife, Inc. (NYSE: MET) today announced it has completed the spin-off of Brighthouse Financial, Inc. (NASDAQ: BHF),...
Ugly Duckling Spin-Off Doesn’t Need Much To Turn Into A Beautiful Swan
Brighthouse Financial (NASDAQ: BHF) have not been pleasant to shareholders in their first couple of months as a public...
Brighthouse Has a Tough Task: Selling Insurance
Shares of Brighthouse Financial will begin trading Monday after growing this past decade to become one of the nation’s...
AXA Talks More About US Life Spinoff
AXA, a Paris-based financial services company, intends to raise another $7.3 billion through an IPO of stock in AXA...