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News For: Manhattan Beach California life InsuranceLife insurance industry���s revenue is growing steadily THE life insurance industry revenue grew by 14% during the first half of this year compared to the same period last year, despite a slowdown in consumer spending due to high inflation and interest rates. Lack of Life Insurance Puts 77 Million Americans at Risk, SalaryShield Survey Finds One in three Americans doesn't have life insurance, leaving an estimated 77 million Americans financially exposed, according to a new national survey released today. In the face of survey findings that revealed that 77 percent of adults believe that providing for their family after they are gone is important, more than one third are uninsured. Citizens Incorporated to acquire Ozark National Life Insurance Citizens Incorporated, an insurance holding company, has reached an agreement to acquire the Ozark National Life Insurance Company for $58.06 per share. Sale of Topeka Life Insurance Company Postponed Overland Park-based Brooke Capital Corporation's pending sale of a Topeka based life insurance company has been put on hold. First American Life, which is a Brooke Corporation subsidiary, was set to be sold to First Trinity Financial Corporation, based out of Tulsa. Lifeline Program creates new life settlement tracking company The Lifeline Program, a provider of senior life insurance settlements, has announced the creation of Track-Life, a new free-standing tracking services company to meet the growing needs of companies that are managing new or existing portfolios of insurance policies obtained through life settlements. Life Settlements -- a More Valuable Option Than Ever, Says Life Insurance Settlement Association A Major American Insurer often runs ads that talk about how rapidly life can change. The Life Insurance Settlement Association, the voice of the industry, has always been aware of this fact. This is part of the reason it has so vigorously resisted efforts by insurers and some regulators to constrain consumer rights for a fixed period in the settlement market based on "indicative circumstances" ... Is mortgage life insurance smart? DEAR DAVE ��� My husband and I just bought a great house for $150,000. He makes $50,000 a year, and I make about $30,000. We've been getting lots of different mortgage life insurance offers in the mail. They say they will pay off the house if one of us dies. Do you think we should take advantage of this? Blasha DEAR BLASHA ��� No! These kinds of offers are terrible, unless you're uninsurable. ... AIG to Keep U.S. Commercial, Foreign Life, Moor Says (Update1) Sept. 23 -- American International Group Inc. , the insurer that agreed to sell assets to repay a federal loan, plans to keep its U.S. commercial coverage and overseas life insurance units, an executive said today. Citigroup May Sell Primerica to Flowers, Protective (Update1) Sept. 24 -- Citigroup Inc. , the U.S. bank seeking to shed assets, may sell its Primerica life insurance unit to J.C. Flowers & Co. and an Alabama insurer, people with knowledge of the talks said. AXA, ERGO vying for South Korea insurer -source SEOUL, Sept 25 Reuters - French insurer AXA and Munich Re's insurance unit ERGO are among the preliminary bidders for a small South Korean life insurer put up for sale, a source at the domestic insurer said on Thursday. |