The Life Insurance Direct Marketing Association (LIDMA), Atlanta, Ga., announced its leadership team for 2012.
The new president of LIDMA is Andy Meehan, president of Southeastern Financial Group, LLC. He replaces Pat Wedeking, president of Quick Life, who had served as LIDMA’s president since the organization’s inception in 2006. Wedeking remains with the organization as chairman of the board.
Other officers for 2012 are:
- Vice president: Jeff McCauley of MarkeTech
- Secretary/Treasurer: Cindy Farrow of ING US Life Division
Also announced were LIDMA’s Directors for 2012:
- Staci Birk, ExamOne
- Maura Reilly, SBLI
- John Reynolds, iPipeline
- Kris Tomasini, Transamerica
- Byron Udell, AccuQuote
- Nicole Ward, Pinney Insurance Center
LIDMA’s advisory board members for 2012 are:
- Shervin Eftekhari, ReliaQuote
- Brian Casey, Esq., Locke Lord Bissell & Liddell, LLP
- Patrick Hatfield, Esq., Locke Lord Bissell & Liddell, LLP
- Gina Grantham, CAE, LIDMA
In other industry news:
In time for National Financial Literacy Month, the National Association for Fixed Annuities released Tips to Remember When Buying a Fixed Annuity, a new publication designed to educate consumers who are considering a fixed annuity to save for retirement
The new resource provides consumer-focused tips to educate and inform. With just a few simple steps, consumers can understand how to protect themselves and ensure that the annuity they purchase is suitable for their financial needs. This publication and other resources are available to educate consumers at www.FixedAnnuityFacts.org.
In 2004, the US Senate unanimously passed a resolution declaring April to be National Financial Literacy Month, with its goals being to teach Americans how to establish and maintain healthy financial habits. April 9-13 is also National Retirement Planning Week, which is sponsored by the National Retirement Planning Coalition.
The companies of OneAmerica Financial Partners, Inc., Indianapolis, Ind., sold more retirement business and individual life insurance in 2011 than ever before. The OneAmerica companies set new records in 2011 for sales, assets, earnings, capital and statutory premium. Led by a 51 percent increase in retirement plan sales, total sales grew by 29 percent over 2010’s previous record levels. In addition, total assets reached a record of nearly $26 billion – a seven percent increase.
OneAmerica’s 2011 sales growth:
- 401(k) first year assets: +67%
- Not-for-profit retirement: +31%
- Total individual life sales: +14%
- Whole life sales: +16%
- Group voluntary sales: +32%
Security Mutual Life, Binhamton, N.Y., promoted Paul K. Mariboe to senior vice president, chief information officer; Vincent J. Montelione, CPA, CLU, ChFC, ACS, to senior vice president, ICS, reinsurance, claims and customer relations; and Scott A. Sylvester to vice president, chief technology officer.
Mariboe joined life insurance firm as vice president, business management in March 2009. He is responsible for assisting in the planning, development and implementation of Security Mutual’s business strategies, including procedures for project data collection, analysis and reporting. Montelione joined the firm in 1985 as associate auditor. He is responsible for field and policy owner service; the company’s individual client services, reinsurance, claims and customer relations departments; and coordinating reinsurer negotiations and treaties. Sylvester started with the company in 2002 as a senior software development team leader in the IT department. He is responsible for managing the company’s software, systems and information technology.
Houston-based American General Life Companies named John Deremo executive vice president and chief distribution officer.
He joins American General from Protective Life Corporation, where he served as senior vice president and CDO, and held overall responsibility for the sales, marketing and distribution functions for both Protective Life Insurance Company and West Coast Life Insurance Company.
American General Life Companies insurers offer a broad spectrum of life insurance, fixed annuities, accident & health products and worksite benefits to serve the financial and estate planning needs of its customers throughout the United States.
With a $2.5 million gift from Cary M. Maguire, chairman and president of the Maguire Oil Company and Maguire Resources Company of Dallas, Texas, the American College announced the endowment of the Cary M. Maguire Center for Ethics in Financial Services.
The mission of The Cary M. Maguire Center for Ethics in Financial Services at The American College is to increase awareness of ethical issues and raise the level of ethical behavior in the financial services industry. The Center will strive to promote ethical behavior through program offerings that go beyond the "rules" of market conduct in an effort to help executives and producers become more sensitive to ethical issues and think more critically about ethical solutions.
The American College is a non-profit educational institution devoted to financial services. The College’s faculty represents some of the financial services industry’s foremost thought leaders.