Sammons® Financial Group is pleased to announce the recent hiring of Jai Kuchimanchi as vice president and chief technology officer. Kuchimanchi will be responsible for leading the infrastructure, architecture/core services, and data and analytics teams.
Sammons® Financial Group is pleased to announce the promotion of Chris Regione to associate vice president, chief underwriter. In his new role, Regione will oversee the technical teams and the continual development of the organization’s underwriting fraud detection capabilities.
Midland National Life Insurance Company Announces Strategic Protector Indexed Universal Life Product
Midland National® Life Insurance Company announced the launch of its Strategic Protector Indexed Universal Life (IUL) insurance product. The product features a new Premium Recovery Endorsement, which offers the policyowner an option to fully surrender the policy and recover some or all of their total premiums paid with a 60-day window after the 15, 20, and 25 policy year anniversary.
North American Company for Life and Health Insurance Announces Protection Builder Indexed Universal Life Product
North American Company for Life and Health Insurance® announced the launch of its Protection Builder Indexed Universal Life (IUL) insurance product. The product combines guaranteed death benefit protection; cash value growth potential; an accelerated death benefit endorsement for a qualifying critical, chronic, or terminal illness; and a premium recovery endorsement— all for the price of a guaranteed death benefit policy.
Sammons Financial Group Promotes Amy Rider to Vice President of Strategic Risk and Mortality Management
Sammons® Financial Group is pleased to announce the promotion of Amy Rider, FALU, FLMI, to vice president, strategic risk and mortality management. In her new role, Rider will oversee the strategic direction of the mortality risk function and will be responsible for establishing the core underwriting guidelines that drive SFG’s mortality results.