Life Partners Files for Bankruptcy After Lawsuit Loss – Bloomberg.
Insurance News
Health Insurance Startup Collapses In Iowa : Shots – Health News : NPR
Genworth Charge Has Investors Seeing Red – WSJ
Shares of the Richmond, Va., insurer tanked on its announcement late Wednesday of a $345 million charge tied to under-pricing of many long-term-care insurance offerings years ago. The charge helped weigh the firm to an $844 million loss in the third quarter.
via Genworth Charge Has Investors Seeing Red – WSJ – WSJ.
Oops.
Here’s a link to another article on Genworth if you cannot get to the full WSJ article.
Genworth Financial Shares Crash, November 6 – Business Insider.
NY Probes Indexed Universal Life Sales Practices – WSJ
AIG Suing Partner in ‘Life Settlement’ Investments – WSJ
AIG Suing Partner in ‘Life Settlement’ Investments – WSJ.
The life-settlements market suffered during the 2008 financial crisis when lending dried up for hedge funds. While many other investment markets have since recovered, the life-settlements market has remained depressed as life expectancies used by investors to gauge potential returns have repeatedly proved wrong; many people who sold their policies are living longer than investors anticipated.
The Financial Risk of Living a Long Time
The Financial Risk of Living a Long Time
People nearing the end of their careers can potentially lose 5% to 10% of their retirement wealth, or the equivalent of 2 to 5 years’ labor, by failing to annuitize their savings or annuitizing too early, according to an estimate by Alessandro Previtero of Ivey Business School in Canada. By providing a guaranteed income for life, an annuity is essentially an insurance policy against outliving one’s retirement savings. In a study, Previtero found that when stocks are rising, people are less likely to purchase annuities offered by their employers.
This excerpt came through my RSS reader this morning. As an insurance guy, naturally I was interested. When I clicked on the link to take me to the original Harvard Business Review blog article I got a 404. So I went to Google and found the article linked below.
No, I will not speculate on the reasons why HBR took their post down. Read the article and let your imagination roam.
Can Social Security Double as Life Insurance? – LifeHealthPro
AvivaRelaunched as Accordia Life by Global Atlantic – IFAwebnews.com
MetLife To Close Freeport Locations, Layoffs Expected
Remote Life Insurance Underwriters Jobs – Ketterling Group – Charlotte, NC | Indeed.com
There seem to be more life underwriting positions opening up around the industry. But as I suspected, there are some disturbing trends entering our business and profession. The ad below is pulled from Indeed.com. The bold highlights are mine. These positions are part-time positions. Compensation is fee based.
To say this disturbs me would be an understatement.
Remote Life Insurance Underwriters job – Ketterling Group –Charlotte, NC | Indeed.com.
Remote Life Insurance Underwriters
Ketterling Group – Charlotte, NC
Ketterling Group – Charlotte, NC
Our client is the market leader in medical information services that help our clients make informed decisions and improve the lives of those they serve. About the opportunity: Our client’s Underwriting Department is seeking experienced Life and LTC Underwriters to do medical summarizations, as well as provide full underwriting, quick quotes and support other lines of underwriting business. This is a part-time (fee based) 30 – 35 hour a week position Monday – Friday. Plus, weekends and overtime as business needs demand. There is opportunity for growth into salaried positions. Professional Abilities: 5+ years of life underwriting in a home office environment |
lifeunderwriter.net 
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