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Life 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.

Participating insurance policies continue to lose money  The average return by participating life insurance policies in January-August was minus 4.36%.

Clark Consulting Receives ABA's Exclusive Endorsement as Provider of Bank-Owned Life Insurance and Executive and ...  Clark Consulting today announced that it has been awarded the American Bankers Association ABA exclusive endorsement as a top quality provider of bank-owned life insurance BOLI and executive and director benefits consulting services.

Citigroup May Sell Primerica to Flowers, Protective (Update2)  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.

Harry Gross: A death benefit on life support  Dear Harry: My husband applied for $300,000 of life insurance in August 2006. Just before he applied, he had a diagnosis of a serious cardiovascular problem. He did not reveal it on his application, for obvious reasons. The insurance company doctor discov

American International Assurance wins takaful license in Malaysia  AIA Bhd, the Malaysian business unit of American International Groups life insurance unit American International Assurance, has won its first international takaful or Islamic insurance license, according to Reuters.

Stifel announces price of stock offering  Stifel Financial Corp. and The Western and Southern Life Insurance Co. priced the public offering of an aggregate of 1.7 million shares of Stifel common stock at a price of $45 per share. SF

Citizens buys Osark National Life for $8 million  AUSTIN, Texas Insurance holding company Citizens Inc. said Monday it will acquire Ozark National Life Insurance Co. for about $8 million to help expand its pre-need and final expense business, which focuses on funeral arrangements.

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