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Suze Orman: 3 Things She Won’t Waste Money On
Yahoo Finance· 2025-09-29 12:57
Core Insights - Suze Orman emphasizes three financial decisions to avoid for better financial health [1][2] Group 1: Avoiding Bad Financial Decisions - Never name a minor as a beneficiary in financial accounts, as it complicates inheritance and may lead to court-appointed conservators managing the funds [3][4] - Instead, consider setting up a living, revocable trust to manage the child's inheritance, allowing a trusted person to make financial decisions on their behalf [5] Group 2: Loan Cosigning Risks - Never cosign a loan, as it makes the individual fully responsible for the debt if the primary borrower defaults [6][7] - Cosigning can negatively impact credit scores and increase debt-to-income ratios, leading to significant financial strain [8]
Globe Life Inc. Announces Dual Listing on NYSE Texas
Prnewswire· 2025-08-14 13:00
Core Viewpoint - Globe Life Inc. has announced the dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange, indicating a strategic move to strengthen its presence in Texas [1][2]. Company Overview - Globe Life is headquartered in McKinney, Texas, and employs over 16,000 insurance agents and 3,600 corporate employees [3]. - The company issues more life insurance policies than any other life insurance company in the United States, with over 17 million policies in force [3]. - Globe Life's subsidiaries include American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Globe Life And Accident Insurance Company, Liberty National Life Insurance Company, and United American Insurance Company [3]. Strategic Importance - The dual listing on NYSE Texas reflects Globe Life's commitment to the Texas community, where its headquarters is located [2]. - The relationship with the New York Stock Exchange is emphasized as fundamental to the company's financial strength [2].
Ress Life Investments A/S publishes portfolio composition for Q2 2025
Globenewswire· 2025-08-07 15:05
Core Viewpoint - Ress Life Investments A/S has published its portfolio composition for Q2 2025, highlighting significant changes in its life insurance portfolio and ongoing transactions related to its Legacy Portfolio [1][4]. Portfolio Overview - As of June 30, 2025, Ress Life Investments holds 375 life insurance policies with a total face value exceeding USD 1.1 billion [3]. - The company has sold a substantial portion of its Legacy Portfolio, which will be completed in separate quarterly tranches until the end of Q3 2026, while retaining a portion of future performance above a specified threshold [4][5]. Portfolio Composition - The portfolio composition includes both new policies and those from the Legacy Portfolio, with Ress Life Investments maintaining a 62.5% ownership of the Legacy Portfolio as of June 30, 2025 [5]. - The top 10 carriers by weight of portfolio value are: - John Hancock Life Insurance Company USA: 16.5% - Lincoln National Life Insurance Company: 15.3% - AXA Equitable Life Insurance Company: 6.0% - American General Life Insurance Company: 5.0% - Pruco Life Insurance Company Inc: 4.5% - Brighthouse Life Insurance Company: 4.0% - Pacific Life Insurance Company: 3.7% - Protective Life Insurance Company: 3.3% - Transamerica Life Insurance Company: 3.2% - Principal Life Insurance Company: 3.0% [6]. Credit Ratings - The credit ratings of the portfolio are distributed as follows: - A++: 6.8% - A+: 46.4% - A: 42.2% - A-: 0.1% - B++: 3.9% - B-: 0.2% - C++: 0.5% [7]. Geographic Distribution - The top states by weight of face value are: - Florida: 15.8% - California: 12.3% - New York: 7.5% - Pennsylvania: 6.9% - Texas: 6.3% - Massachusetts: 4.8% - Ohio: 4.4% - New Jersey: 4.2% - Missouri: 3.9% - Arizona: 3.6% [7]. Face Value Distribution - The face value distribution of the policies is as follows: - 100,000-250,000: 0.2% - 250,001-500,000: 1.5% - 500,001-1,000,000: 8.3% - 1,000,001-2,000,000: 13.4% - 2,000,001-3,000,000: 10.8% - 3,000,001-5,000,000: 22.3% - 5,000,001-10,000,000: 29.0% - 10,000,001-15,000,000: 7.3% - 15,000,001 and above: 7.2% [7]. Age and Gender Distribution - The age distribution of the insured is: - < 65: 5.0% - 65 – 69: 14.1% - 70 – 74: 20.2% - 75 – 79: 22.4% - 80 – 84: 15.7% - 85 – 89: 11.9% - 90 – 94: 7.7% - 95 and above: 3.1% [7]. - The gender distribution of the insured is: - Female: 13.8% - Male: 63.1% [7].
Globe Life Announces Closing of Department of Justice Investigation
Prnewswire· 2025-07-28 21:47
Core Insights - The U.S. Attorney's Office for the Western District of Pennsylvania has closed its investigation into Globe Life Inc. and American Income Life (AIL), indicating no enforcement action will be taken against them [1] Company Overview - Globe Life Inc. is headquartered in McKinney, Texas, and employs over 16,000 insurance agents and 3,600 corporate employees [2] - The company has issued more life insurance policies than any other life insurance company in the U.S., with over 17 million policies in force [2] - Globe Life's subsidiaries include American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Globe Life And Accident Insurance Company, Liberty National Life Insurance Company, and United American Insurance Company [2]
Globe Life Announces Conclusion of SEC Investigation
Prnewswire· 2025-07-24 22:18
Group 1 - Globe Life Inc. received a letter from the SEC notifying that their investigation has concluded without recommending enforcement action against the company [1] - Globe Life is headquartered in McKinney, Texas, and employs over 16,000 insurance agents and 3,600 corporate employees [2] - The company has issued more life insurance policies than any other in the U.S., with over 17 million policies in force [2]
Ress Life Investments A/S to divest most of its current life insurance portfolio
Globenewswire· 2025-04-30 05:00
Core Viewpoint - Ress Life Investments A/S (RLI) has agreed to divest most of its current life insurance portfolio to a market counterparty at a price corresponding to the Net Asset Value (NAV) of the portfolio [1] Group 1: Transaction Details - The objective of the transaction is to enable RLI to purchase new policies and capitalize on attractive opportunities in the secondary market for US life insurance policies while providing short-term liquidity [2] - The transaction will be completed in separate quarterly tranches until the end of Q3 2026, with pre-agreed prices for each tranche [3] - RLI will maintain a percentage of the policy pay-outs until the completion of the last tranche, with the percentage depending on the number of tranches completed at the time of the pay-out [3] Group 2: Strategic Implications - The transaction structure allows RLI to reinvest the proceeds and purchase new policies as each tranche sale completes during 2025 and 2026, without needing to maintain an excessive liquidity reserve [4] - RLI continues to pursue its long-term strategy of building a diversified and resilient portfolio of US life insurance policies, a strategy in place since 2011 [4]