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The Equitable Life Assurance Society was selected to underwrite the association's policies, setting up a worldwide system of low cost group life insurance. Through WAEPA, Equitable sold policies to employees of 40 U.S. agencies, including individuals from the Offices of Strategic Services and War Information, which often sent their men behind ...
First Colony Life (FCL) was an American life insurance company based in Lynchburg, Virginia that was acquired in 1996 by GE Financial Assurance (a subsidiary of General Electric), and later became Genworth Life and Annuity Insurance Company, a Genworth Financial company in 2007.
Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 million. [5] It became Aon in 1987. [5] In 1996, Life of Virginia was acquired by GE Capital. [5] [6]
Understanding which licenses and processes are required to sell variable annuities is an essential step for financial professionals–including financial advisors, brokers or insurance agents ...
Term life insurance: Term life insurance offers coverage for a fixed period of time, perhaps for 5, 10 or even 30 years. If the policyholder passes after the term of the insurance, then the ...
Jack Neil Merritt was a retired U.S. Army four-star general who has served on the board of directors for AAFMAA since 2000 and is currently the Vice Chairman of the Board and Chairman of the Finance Committee. [11] Robert W. Sennewald is a retired U.S. Army four-star general who served as chairman of the board for AAFMAA from 2000 to 2006.
Brokers also use the LOMA educational courses to count towards the continuing professional education (CPE) requirement needed to maintain their license in good standing with regulators. [ 7 ] LOMA's board of directors is made up of insurance industry chief executive officers, presidents and vice-presidents, lawyers and other industry professionals.
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