Insurance Company News
The Principal Financial Group Promotes Disability Insurance Awareness Month in May
Des Moines, Iowa — Nearly half of U.S. workers say they would depend on disability insurance benefits through their employer to maintain their standard of living should they become disabled. Yet, only 13 percent of employees own a personal disability income policy, according to the latest results from the Principal Financial Well-Being IndexSM.
To help Americans protect their long-term financial security, the Principal Financial Group® is collaborating with the nonprofit Life and Health Insurance Foundation for Education (LIFE) to promote Disability Insurance Awareness Month this May. For more information about disability insurance or the From Here to SecuritySM program, visit www.principal.com/disabilitysecure.
ING Insurance Products Available In CHIRA Plan
Bluffton, S.C. -- CHIRA USA Financial Services, LLC and CHIRA USA, LLC announced that the ING life companies (Security Life of Denver Insurance Company, Reliastar Life Insurance Company and Reliastar Life Insurance Company of New York) have agreed to allow certain life insurance products to be used in the CHIRA plan. A CHIRA is a planning opportunity that allows individuals to loan IRA funds to their favorite charity while ensuring the funds are returned to family upon their death. This shift in wealth, from Wall Street to Main Street, may, if properly structured, generate an immediate benefit to charity without income tax to the donor. For more information, visit www.ChiraFinancialServices.com
John Hancock Launches Accumulation VUL Product
Boston -- John Hancock Life Insurance announced the launch of a new Accumulation Variable Universal Life policy that offers superior cash value and retirement income potential to pre-retirees. The policy is ideal for a variety of applications including: supplemental retirement income, bonus plans, deferred compensation plans, and supplemental executive retirement plans.
Sun Life Allocates $52 Million To Customers’ Charities
Wellesley, Mass. -- The U.S. division of Sun Life Financial, Inc. announced that, to date, it has allocated $52 million to charities chosen by life insurance customers who have selected Sun Life’s Charitable Giving Benefit Rider. This unique feature, available for no additional cost with select universal and variable universal life insurance products, provides an additional 1 percent death benefit above the base policy face amount payable to a customer’s charity of choice.
New Pacific Life Kit Helps Insurance Advisors Work With Farm & Ranching Families
Newport Beach, Calif. -- To help insurance professionals advise farm and ranch families, Pacific Life offers a sales kit to explain how life insurance can address estate planning issues when the legacy is land. According to Alyce Peterson, vice president of marketing services for the Life Division of Pacific Life, an estate plan using life insurance can help landowners pass the ranch or farm to the next generation, treat hairs equitably, and provide cash for income, gift and estate taxes.
The “When the Legacy is Land: What Successful Farmers and Ranchers Know” kit features case studies and client profiles, a comprehensive pocket guide, plus valuable marketing tips. Insurance professionals can get a kit by contacting their Pacific Life representative or by calling 866-722-9555.
Hartford Life Recognized For Superior Service
Simsbury, Conn. -- The Hartford Financial Services Group, Inc., announced that its Life operations, for the 13th year in a row, have won an impressive number of customer services awards. The seven DALBAR Awards received this year highlight the company’s focus and dedication to consistently deliver exceptional service.
Sun Life Financial Wins DALBAR Service Award
Wellesley, Mass. -- The U.S. division of Sun Life Financial, Inc. received its fourth consecutive DALBAR Financial Intermediary Post-Sale Service Award for 2008, ranking first among all companies in the category. DALBAR, a firm that provides research and ratings on customer satisfaction and service in the financial services industry, annually honors financial companies that consistently exceed industry standards in post-sale servicing for brokers and broker-dealers.