Pacific Life Insurance Co. is moving downstream in the term life insurance market to less affluent investors through an acquisition of Genworth Financial Inc.’s technology platform for new term-insurance business. Completion of the deal, announced Friday, gives Pacific Life broader market reach because the platform can be used to sell a term life product both direct to a consumer or through a financial adviser, according to spokesman Tennyson Oyler. The companies didn’t disclose terms of the deal. Term life represents about 2.5% of Pacific Life’s total life insurance business. “This opens up the mass market to us without impacting our core focus and processes around...
Continue reading...
Pacific Life announced today that Louise Pentland, executive vice president and chief business affairs and legal officer of PayPal, Inc., has been appointed to the board of Pacific Mutual Holding Company, the ultimate parent company of Pacific Life Insurance Company. She began her term on August 1, 2020. Ms. Pentland is PayPal’s executive vice president and chief business affairs and legal officer, having joined the company in 2015. She oversees the company’s financial, regulatory and legal requirements, as well as the corporate affairs and human resources functions. Since joining the company, Ms. Pentland has been instrumental in shaping PayPal’s culture, driving leadership excellence,...
Continue reading...
A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' Why I bought life insurance before contributing a penny to my 401(k) Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. My wife and I married in our early 20s, and when we started having...
Continue reading...
Pacific Life, Allianz Talk Possible Sale Newport Beach-based Pacific Life Insurance Co., California’s largest insurance company, is in talks that could lead to it being sold to German insurance giant Allianz AG for more than $3 billion. The company is Orange County’s largest privately held concern and one of its largest employers with 2,200 workers. It is also a leading corporate citizen, overseeing a $2.4 million charitable foundation that has provided support for such events as AIDS Walk Orange County and Race for the Cure. The negotiations were disclosed Tuesday in a filing with the Securities and Exchange Commission and are separate from the pending $3.3-billion acquisition by Munich-...
Continue reading...
A South Auckland crane driver has been denied a $100,000 payout for his gastric cancer after a government-owned finance company switched his policy. His wife is furious that on the basis of what she says is a salesperson's garbled pitch - and despite recent official warnings to the insurance industry about its practice of "churning", or replacing old policies with new ones - her family of three children has now been pushed to financial breaking point. "That could have helped raising my children," said Shirley Farani, 40, who kept her job in finance and accounts throughout the pandemic levels, working from home while also looking after Ailepata Ailepata, who's 43, who has been off work for...
Continue reading...
A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' I'm a financial planner, and there are 3 ways my advice to clients has changed during COVID-19 Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like...
Continue reading...
Global Travel Insurance market 2020 report centers around the developments of this market, including its development status and trends. This report encircles tips and analysis on Travel Insurance market and is exclusive. By reading the Travel Insurance report what you’ll get graphs, data that is analytic but also a greater comprehension assist you to make conclusions in the organization interest. A SWOT analysis may help identify regions of growth and reduces the possible impact from negative ailments. The Travel Insurance market application of this analysis could be particular to one objective or could be wide to think about the significant areas of business. This global Travel...
Continue reading...
Pacific Life Insurance Company A+ (Superior) rating for overall financial strength and ability to meet contractual obligations with A.M. Best (5/25/18)* Offering insurance since 1868 Total company assets $158 billion* Pacific Life Insurance Company, NAIC Number: 67466 Company Information At Pacific Life, putting customers first has allowed us to serve families and businesses successfully for 150 years. As part of a mutual holding company structure, we have no publicly-traded stock, so we can focus on long-term strategies, financial strength, and the best interest of our policyowners. You and your clients, our policyowners, are at the heart of the business decisions we make. A.M. Best A+ (...
Continue reading...
NEW YORK, May 1, 2020 /PRNewswire/ -- Blueprint Income has launched the AARP® Annuity Marketplace powered by Blueprint Income at https://www.blueprintincome.com/aarp. It is the exclusive marketplace for AARP members to compare and purchase simple annuities from a select group of seven highly-rated Over the last 40 years, Americans' options for retirement have changed. Many employers have switched from offering defined benefit pension plans to defined contribution 401(k) plans, thus giving individuals more options and responsibility when it comes to preparing for retirement. "Blueprint Income believes in the importance of simple retirement income solutions in a world where lifetime pensions...
Continue reading...
Pacific Life: What you need to know Like many US life insurance providers, Pacific Life was founded in the middle of the 19th century, when life - if not insurance - was considerably cheaper than it is today. Founded in California, the business is now a large nationwide provider with a wide network of agents. Pacific Life offers one of the widest selections of universal life and variable universal life policies we’ve come across, designed to suit a wide range of circumstances. The business does reasonably in JD Power customer satisfaction rankings, and attracts very few complaints to state regulators. The business donated $7 million last year to charities and community projects. Pacific...
Continue reading...
