USAA Announces Digital Ap, No Exam

USAA Announces Digital Ap, No Exam

USAA Life Insurance Company (USAA Life) has announced that its new digital life insurance product, which requires no medical examination, is now available in 47 states due to an increasing interest in a simplified application process and lower prices.

VA to Launch New Life Insurance Programs for Veterans in 2023

VA to Launch New Life Insurance Programs for Veterans in 2023

In response to veteran advocacy and recent legislation, the Department of Veterans Affairs (VA) will begin offering Veterans Affairs Life Insurance (VALI) as of Jan. 1, 2023. The new benefit will help thousands of disabled veterans who may have missed the chance to buy life insurance and now wish to protect their loved ones.

Allstate Retirees not owed Lifetime Vesting, Court Rules

Allstate Retirees not owed Lifetime Vesting, Court Rules

Putative class action lawsuits were filed by retirees of Allstate Insurance Company, alleging the company terminated their life insurance benefits and that it made untruthful representations about what the policy meant to them in violation of ERISA Section 502(a)(1)(B).

$250,000 Donated by New York Life For Storm Victims

$250,000 Donated by New York Life For Storm Victims

Following the devastating storms and tornadoes that impacted several states throughout the Midwest and South, New York Life has committed $150,000 to disaster response organizations in Arkansas, Illinois, Kentucky, Mississippi, Missouri, and Tennessee, as well as $100,000 to New York Life's Emergency Assistance Fund.

Life Insurance Rates Stable Despite Volatility

Life Insurance Rates Stable Despite Volatility

One-stop insurance comparison site Policygenius recently announced the release of its Life Insurance Price Index for December, which displays the average monthly life insurance rates based on current rates from leading life insurance companies. 

November Life Insurance Premiums Increase 42%

November Life Insurance Premiums Increase 42%

November was a good month to be in the life insurance industry. Premiums for life insurance increased by 42% last month. This increase was mostly fed by private life insurance players who watched their premium collections go up by 59%.