National Life Group implements insurance technologies’ ForeSight® Illustration Platform to boost agent efficiency and mobility for its life products
Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced that National Life Group has implemented ForeSight® to illustrate the term, indexed universal and universal life insurance products issued by its insurance companies.
ForeSight enables National Life agents to access illustrations on multiple platforms and mobile devices, stay connected easily via the web and maintain functionality even in disconnected environments. It is a comprehensive point-of-sale illustration platform that supports all aspects of the insurance sales process for multiple lines of business. National Life is also in the process of implementing even more products in ForeSight.
Fringe Benefit Group acquires The American Worker Plans
Fringe Benefit Group, a design, implementation and administration of benefits for hourly and part-time workers, announced it has acquired The American Worker Plans (TAWP), an Illinois-based managing general agent specializing in limited medical, voluntary and self-funded benefit options for employers with hourly and part-time workforces, from American Westbrook Insurance Services, LLC., a subsidiary of Hendricks Holding Company, Inc. Terms of the transaction, which includes all assets and trademark rights to TAWP, were not disclosed.
As part of Fringe Benefit Group, TAWP’s existing products and customer programs will remain unchanged and there will be no disruption to TAWP clients and their valued employees, or their health insurance advisers or insurance broker representatives.
FC&S Legal announces new workflow solutions for insurance coverage professionals
FC&S Legal: The Insurance Coverage Law Information Center, a single source solution for insurance coverage attorneys and insurance coverage specialists, provides the insurance coverage law landscape with significant new enhancements. FC&S is owned by Summit Professional Networks, who also owns National Underwriter and LifeHealthPro. Some of the new enhancements include:
- Integrating thousands of full text court opinions from LexisNexis, FC&SLegal subscribers can now link from expert analysis and discussion to court cases and back again — with one simple click and without ever leaving the site.
- FC&S Legal Alerts now allows subscribers to customize search alerts, notifying them daily or weekly when there is critical information – anywhere in the 10,000 page database – of specific interest to their practice.
Their team is managed by Steven A. Meyerowitz, Esq., a Harvard Law School graduate and experienced insurance coverage attorney, and covers:
- Daily updates, trial strategy, analysis, and commentary on the most significant insurance coverage law decisions from courts across the country;
- News regarding regulatory developments;
- Up-to-the minute reporting on changes to insurance laws and rules; and
- Interviews with expert professionals on insurance coverage law trends and developments.
And Victoria P. Spears, Esq.. a writer and experienced attorney, provides industry news reporting on:
- Insurance coverage lawyers’ moves from firm to firm or from firm to in-house;
- New representations in insurance coverage matters and litigation;
- In-house counsel news;
- Insurance company and insurance association news;
- New insurance products; and
- Information about senior corporate executives of interest to attorneys
FC&S Legal: The Insurance Coverage Law Information Center was developed by Kelly Maheu, senior director of product development and Rick Kravitz, publisher, working with the editorial, marketing and sales team at FC&S, as well as Summit’s technology team.
FC&S Legal is the most successful new online launch of a subscription service in over 20 years at the National Underwriter.
The Insured Retirement Institute (IRI) unveiled the IRI Fact Book 2014, offering financial professionals the latest retirement income research, industry data, and sales reports for the variable and fixed annuity markets. This latest edition of the IRI Fact Book focuses on explaining features of innovative annuity products and outlines considerations for financial advisors for including insured retirement strategies in retirement income plans.
“Our goal in developing the IRI Fact Book is to create a one-stop resource with the latest information and data on annuities, lifetime income strategies, and retirement planning approaches,” said Cathy Weatherford, IRI President and CEO.
To view the table of contents from the IRI Fact Book 2014, click here.
New DI product for the blue-collar market
Petersen International Underwriters, a California-based specialty insurance underwriting and marketing firm, launched its new “Simplified Issue Disability Insurance” program for lower-income markets.
The product was designed to provide affordable, comprehensive, “own occupation” income protection to modest-income earning Americans, and offers a variety of elimination and benefit periods to suit individual client needs. This new disability program is also a perfect fit for part-time employees and those with preexisting medical conditions or hazardous occupations.
But according to Thomas Petersen, Vice President of Petersen International, “the most intriguing feature of this new product is that of simplified issue, individual disability underwriting. We have streamlined the traditional underwriting process, allowing policies to be approved and issued in a matter of days rather than weeks. Also, applicants aren’t required to go through exhausting medical exams or lab work.”
Petersen believes that the new “Simplified Issue Disability Insurance” plan is the next step in expanding and diversifying the disability income industry. Those who have been historically underrepresented as DI consumers are now able to acquire an appropriate and affordable insurance plan.
NFP, a provider of benefits, property and casualty and life insurance, and wealth management services, has expanded NFP Life’s international and institutional insurance team with the addition of Matthew Douglas as vice president of International Alliances.
Douglas will assume this new role to develop international business within the established NFP network of advisors and alliances, as well as to expand opportunities for the platform globally. He has over a decade of experience in the financial services industry at companies such as AXA Advisors, PartnersFinancial, The Hartford and Prudential. He holds Series 7, 66, life & health licenses and a Bachelor of Science in Finance from Lehigh University.