MoneyLion Launches Financial Heartbeat, A Fitness-Inspired Mobile Tracker

PR Newswire MoneyLion, America’s most powerful financial membership designed to help the hardest-working Americans save, borrow and invest, today launched the industry’s first health tracker for finances, the Financial Heartbeat. Similar to smartwatches and fitness wearables, the MoneyLion Financial Heartbeat simplifies the tracking and understanding of one’s financial wellness on their mobile device. “At MoneyLion […]

Kiplinger’s: Annuities Can Help Clients Afford Long-Term Care

Richmond Times-Dispatch (VA) Long-term-care costs can shatter your retirement nest egg, but here are some ways to pay for these potentially big bills. Traditional long-term-care policies: These are usually the most efficient way to cover costs if you end up needing care. You choose the daily or monthly benefit and the benefit period, and usually […]

Indexed Life Sales Shatter Records In 2018, Wink Reports

Life insurance posted strong 2018 sales numbers in some categories. From Staff and Wire Reports Indexed life sales set a new record for 2018, according to Wink, Inc. in its 86th edition of Wink’s Sales & Market Report. Indexed life sales for the fourth quarter were $617.4 million, up more than 16.8 percent compared with […]

PartnerRe Announces Longevity Transaction With Manulife

Targeted News Service PartnerRe is pleased to announce that it has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, PartnerRe will reinsure the longevity risk in respect of approximately 25,000 annuitants. Alan Ryder, CEO of PartnerRe North […]

U.S. Life Insurance Premium Up 1% In 2018, Policy Count Flat

Life insurance sales are stagnant. From Wire Reports Total U.S. individual life insurance new annualized premium (premium) increased 1 percent in 2018, compared with 2017 results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. This represents the fifth year of growth in premium for U.S. life insurance. The study reported fourth quarter […]

6 In 10 Consumers Willing To Share Personal Data With Insurers For Lower Rates

Business Wire Nearly six in ten consumers would be willing to share significant personal information, such as location data and lifestyle information, with their bank and insurer in exchange for lower pricing on products and services, according to a new report from Accenture. (Graphic: Business Wire) Accenture’s global Financial Services Consumer Study, based on a […]

Nationwide’s New VA Is Designed For RIAs And Fee-Based Advisors

Nationwide Advisory Solutions launched Nationwide Advisory Retirement Income (NARIA)℠, a new variable annuity (VA) with an income guarantee designed expressly for RIAs and fee-based advisors to align with their values and fit the way they work. NARIA can help RIAs and fee-based advisors incorporate insurance into the holistic planning process with a simple, transparent, low-costi […]

SEC Says Texas Radio Host ‘The Money Doctor,’ Ran Ponzi Scheme Targeting Elderly Investors

Targeted News Service The Securities and Exchange Commission announced that it has charged Texas resident William Neil “Doc” Gallagher-the self-styled “Money Doctor” featured on three Dallas-area radio stations-in an emergency action to shut down a $19.6 million Ponzi scheme targeting elderly investors’ retirement funds. The SEC also charged Gallagher Financial Group, Inc. and W. Neil […]

‘You’re Kidding Me’: Man Stunned By $1 Million Lottery Win

Charlotte Observer (NC) March 13– Mar. 13–A North Carolina man was a bit skeptical when a caller told him he’d won a $1 million prize. “I couldn’t believe it was true,” Richard Costantino of Concord told state lottery officials when he claimed his Extreme Millions prize at lottery headquarters in Raleigh on Monday, according to […]

Pa. Woman Charged With Soliciting Husband’s Killer With Life Insurance Proceeds

Herald-Standard (Uniontown, PA) A Republic woman charged with trying to hire a man to kill her husband had the charges lodged against her held for Fayette County Court on Tuesday. Norman Pennington, 61, testified he initially thought Roxanne Guty, 51, was joking when she offered to pay him to kill her husband, Arthur Guty Jr. […]