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 […]

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 […]

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 […]

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. […]

New York Life Surpasses $1 Trillion Of Individual Life Insurance In U.S.

Business Wire Reaches new company highs for surplus, life insurance and annuity sales, and dividend payout NEW YORK–(BUSINESS WIRE)– New York Life, America’s largest mutual life insurer, today announced strong financial results for 2018, marked by record company highs in surplus, life insurance and annuity sales, and operating earnings. The company exceeded $1 trillion of […]

Genworth Financial To Lay Off 21 At Virginia Offices

Richmond Times-Dispatch (VA) Genworth Financial Inc. is laying off about 80 employees, including 21 workers at the company’s corporate headquarters in Henrico County. The insurance giant said about 35 people also will be laid off from the company’s operation in Lynchburg. The rest are remote workers. Genworth is temporarily suspending the sales of individual long-term […]

Tennessee Town Proposes More Life Insurance For Emergency Workers

Herald-Citizen (Cookeville, TN) Putnam County could soon offer a more substantial life insurance policy for law enforcement and emergency personnel. “With all the deaths of law enforcement, paramedics and emergency personnel we have been seeing in the news lately, it made me take a hard look at what we do for ours in case of […]