The first phase of the digital transformation will enhance agent and customer user experience, by delivering seamless illustration and intuitive enrollment functionality. June 9, 2021 – Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Illinois Mutual Life Insurance (IML), a company that services 47 U.S. states and serves over 8,600 independent agents, has implemented two Sapiens’ life solutions as part of its digital transformation project. Sapiens IllustrationPro for Life & Annuities and Sapiens ApplicationPro for Life &...
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CANTON, Mass., Aug. 18, 2021 /PRNewswire/ -- Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, today recognizes its 130 anniversary. Boston Mutual has served working Americans since its founding in 1891, initially serving just the community in Massachusetts and eventually expanding to serve policyholders from coast to coast. Throughout industry shifts, changing times and even two global pandemics, the company has evolved and transformed while continually remaining focused on the mission and values established at its founding. Throughout 130 years, the company has only had seven presidents, reflecting Boston Mutual's...
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The new department will support the life insurance carrier's continued strategic growth by focusing on the creation of a more streamlined customer journey from end to end, creating more efficiencies and seamless inter-department alignments. The department will also play a key role in supporting the company's strategic path and enabling future opportunities as it enhances customer experience through the analysis, assessment, and development of processes and technology that sync well with the company's focus on its customers. "We have established a department that better aligns with one of our key objectives - to create a state of organizational readiness to help support a best-in-class...
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Types of Life Insurance Sold by Northwestern Mutual Variable universal life Northwestern Mutual’s term life insurance Term life insurance is life insurance that offers set rates for a level term period. For example, if you want life insurance to cover the mortgage if you die and have 30 years left before it is paid off, a 30-year term policy would be an option. After the level term expires, you can renew or buy a new policy, but be prepared for a significant increase in premiums. Term life insurance does not build cash value and, as a result, is generally the cheapest type of life insurance to purchase. Northwestern offers Term 80, Term 10. Both policies have premiums that increase...
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NEW YORK, April 26, 2022 /PRNewswire/ -- Mutual of America Financial Group announced today that it has entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a widely licensed Texas life and annuity insurance company ("Landmark Life"). The transaction is expected to close during the third quarter of 2022, subject to customary closing conditions, including regulatory approval. "The acquisition of Landmark Life represents another positive step toward achieving Mutual of America's strategic growth plans in the guaranteed retirement income space," said John R. Greed, Chairman, President and CEO of Mutual of America Financial Group. Simpa Baiye, Executive Vice...
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We recommend products and services based on unbiased research from our editorial team. We make money via affiliate links, which means if you click a link on our site, we may earn a commission. Any commissions we receive do not affect our recommendations; if you want to know more about how that works, read more. Northwestern Mutual is a company you want to go for if you care about customer service. It has an A+ rating by the Better Business Bureau (BBB), as well as the highest rating in the industry on the J.D. Power 2019 Life Insurance Satisfaction Study. Northwestern Mutual is a respected company by its customers and states that 96% of its customers stay with the company year after year....
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Mutual Company (Life Insurance) Conversion Regulations His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 236.1 Footnote and paragraph 703(b) of the , hereby makes the annexed Interpretation 1 The following definitions apply in these Regulations. conversion means the conversion of a life company that is a mutual company into a company with common shares. ( transformation ) converted company means a life company that was a mutual company and that has been converted into a company with common shares and, except for the purposes of paragraphs 4(1)(j) and 5(1)(p), includes a holding body corporate of that company. (...
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CANTON, Mass., Jan. 12, 2021 /PRNewswire/ -- In 2021, Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, is celebrating 130 years of dedication to those who rely on the carrier and delivering on its promises. At the launch of this milestone, it is an opportunity to reflect on the progress of the past year and how, in spite of the challenges that 2020 presented, the company continued to build on its strategic framework. The key initiatives of 2020 included investments in people, process, and technology to continue building on Boston Mutual Life's strategic roadmap to further enhance the company's organizational readiness and...
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The 1.5 lakh sq ft facility is the company’s first outside the US Massachusetts Mutual Life Insurance Company (MassMutual) has opened MassMutual Global Capability Center at the Financial District in Hyderabad. The MassMutual India plans to attract global talent in technology, engineering, and research and development, adding to continued hiring in these areas by the company in the US. Ravi Tangirala, the Head of MassMutual India and Arthur Riel, Head of Core Technology at MassMutual interacted over a video conference with Telangana IT Minister, KT Rama Rao and other officials. According to a statement, they were engaged in multiple conversations with Telangana since the leadership team...
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Mike Pendergrass was promoted to Managing Partner of the company's Oklahoma -based agency, Fuse Financial Group, previously known as Premier Advisors Group and Legacy Planning Partners. Pendergrass' appointment is the culmination of an internal succession plan following the retirement of longtime managing partner Mike Hulse. Pendergrass joined Penn Mutual in 2012 and received the National Sales Manager of The Year Award for the Career Agency System at Penn Mutual in 2017. An Oklahoma native, Pendergrass graduated from Oklahoma State University in 2005 with a Bachelor of Science degree in Finance. He also holds Series 7, 24 and 66 licenses. Aaron Peck was named Managing Partner of the Dallas...
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