The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity ...

For over a decade, insureds with significant estates and their advisors have made secondary guarantee universal life (SGUL) life insurance policies, or so-called "no lapse" guarantee policies, a ...

For families grieving the loss of a loved one, a life insurance denial is a devastating secondary blow. Insurance companies deny claims for a variety of reasons, citing policy lapses, alleged ...

Having insurance doesn’t always mean being fully covered, with many Americans still facing big bills for basic care, let alone anything unexpected. According to KFF, annual premiums for ...

In the last few years, I have been reading more frequently about owners of permanent life insurance policies being subjected to rate increases based on cost of insurance charges, or COI. Permanent ...

LANSING, Mich. Two area credit unions say they each lost more than $1 million after they were misled into investing in a scheme to provide loans to the “life settlement” market, the secondary market ...

A 79-year-old Cleveland businessman had a universal life insurance policy with a face value of $2.5 million. In early 2004, he decided he no longer needed the policy for estate-planning purposes, but ...