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%.

Even though competitors had seen their sales slow down from a peak during an earlier period of the pandemic, when consumers sought out policies to protect themselves from COVID-19, John Hancock continues to see increases in its life insurance sales.

Life insurance and health insurance executives had their hopes dashed when a new variant of COVID-19 ruined their plans for a peaceful Thanksgiving weekend.

A life insurance company is suing the mother of two boys killed by her estranged husband for a $4 million payout they claim she was not entitled to. She is also seeking $10 million from his estate.

Mutual life insurers are beginning to release estimates for dividend payouts for next year.

The John Hancock Vitality Program, which rewards its life insurance customers for the little everyday things they do to live longer and healthier lives, expands its Apple Watch program to offer the recently announced Apple Watch Series 7 to its customers. Those who exercise regularly can earn an Apple Watch Series 7 by registering with John Hancock Vitality PLUS starting this fall.

Major upgrades have been made to an apartment building that was vital to help the city of Binghamton, N.Y., end homelessness among military veterans.

A recent increase in consumer interest in life insurance products is largely due to a new federal tax code change that allows policyholders to build more cash value in their policies and the COVID-19 pandemic.

Covr Financial Technologies, Inc. and E*TRADE Financial Holdings, LLC announced at the end of October that etrade.com, a web-based platform for life insurance products, will be available to E*TRADE customers.

Contrary to recent trends, getting life insurance coverage as a COVID-19 survivor could pose some difficulties, given the unpredictability that surrounds the virus. Sources state that there might be some instances where coverage would be denied to virus survivors.

A certified nursing assistant was sentenced to a year and one day in prison by the North Carolina state attorney general for stealing retirement benefits from a disabled veteran. She was also ordered to pay $90,000 in restitution, prosecutors said.

The Department of Veterans Affairs (VA) celebrated the 20th anniversary of Family Servicemembers' Group Life Insurance (FSGLI) on Nov. 1. FSGLI is a life insurance coverage option for spouses and dependent children of service members.