State Farm Suspends Sales of Phoenix's Life Insurance, Annuities

State Farm Mutual Automobile Insurance Co. has told Phoenix Cos. that it will suspend sales of Phoenix's life insurance and variable annuity products because of downgrades by rating agencies to Phoenix's life insurance subsidiaries, spokespeople with both companies confirmed. Separately, Phoenix said it will delay filing its annual report on Form 10-K with the U.S. Securities and Exchange Commission because it needs more time to finalize its fourth-quarter and year-end 2008 net losses after correcting
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Pennsylvania's Top Two Youth Volunteers Selected in 14th Annual ... - PR-Inside.com (Pressemitteilung)

Pennsylvania's Top Two Youth Volunteers Selected in 14th Annual ... PR-Inside.com (Pressemitteilung), Austria - Feb 10, 2009 Prudential's businesses offer a variety of products and services, including life insurance, annuities , retirement-related services, mutual funds, ...
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While losses related to variable annuity products continue to take their toll on life insurance companies, they also were largely responsible for the poor fourth quarter performance by Philadelphia-based health insurer Cigna Corp., which has major
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Forecast for Life Insurance Industry Challenging, LOMA Resource Survey Finds

With the economy in crisis, the 2009 forecast for the life insurance industry is challenging, according to executives surveyed by LOMA's Resource magazine... According to participants: In 2009, life insurance sales will hold steady, premium growth will be modest, but profits will decrease. Stock market volatility and the implosion of venerable financial institutions in 2008 have made consumers wary; consequently, variable products will be vulnerable as consumers move to more fixed products with guarantees. On
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