News

#225 | Making Sense of MassMutual’s Whole Life Price Increase

A couple of weeks ago, MassMutual announced that it would be increasing premiums on its Legacy 10 and Legacy 12 Pay products by about 10%, on average. The announcement went on to say that: Guaranteed cash values will not changeIllustrated…

#197 | PacLife Lowers Caps and Increases Illustrated Rates

I admit – this title is somewhat misleading. Yes, Pacific Life dropped caps across all of its Indexed UL products, but it only raised the illustrated rate for one particular account option in an indexed crediting account of its new…

#194 | 2020 Whole Life Dividend Rate Recap

‘Tis the season for the much-anticipated, much-speculated, much-hyped dividend interest rate announcements from mutual companies. The headline is that not a whole lot happened this year in terms of dividend rate changes. New York Life, Northwestern Mutual and PennMutual held…

#193 | Nationwide’s Cap Change

Last week, Nationwide announced that it would be dropping caps on many of the S&P 500 accounts in its street Indexed UL products both past and present, including the standard point-to-point capped accounts that determine the illustrated rates for its…

#171 | Lincoln Files Guaranteed UL Buyout Offers

A little over a year ago, ITM/21st reported that Lincoln Financial was making buyout offers to Survivorship Guaranteed UL policyholders in the form of an Enhanced Cash Surrender Value. Later that year, the Life Insurance Settlement Association (LISA) challenged the…

#165 | Indexed UL Class Action Lawsuit Investigation

In the last few days, a link to a posting on topclassactions.com has been blazing through the industry like wildfire. The headline specifically references a class action lawsuit investigation trying to find (and presumably sign up) Pacific Life PDX and…

#161 | PacLife Reduces Surplus Premium Load

A couple of weeks ago, PacLife reduced the Surplus Premium Load on its Indexed UL products from 13% to 6%. This might seem like something of an innocuous change, but it’s not. The Surplus Premium Load (SPL, let’s say) was…

#158 | Life Insurance in the Los Angeles Times

When the life insurance industry gets press, which is quite rare, it’s usually bad press. In this case, the bad press was more than justified. Take a look: https://www.latimes.com/business/hiltzik/la-fi-hiltzik-register-insurance-20190219-story.html. Obviously, there are many factors at play in the case of…

#157 | John Hancock’s Enhanced Indexed Accounts

With Lincoln and Pacific Life brandishing their latest and deadliest weapons for the Indexed UL illustration war, it should come as no surprise that John Hancock felt a little bit underpowered. Its current Accumulation IUL 18 chassis, which sports a…

#142 | Securian Cap Reduction

Back in 2008, Minnesota Life was just a sleepy little life insurance company in St. Paul, Minnesota. Its general account life insurance reserves were just $2.7B and it primarily distributed products through an exclusive BGA network. But then, Minnesota Life…

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