Insurance Industry News Roundup: Week of Dec. 5, 2016

December 05, 2016 at 07:00 AM
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New York Life honors women's history

New York Life has announced a grant of $500,000 toward the creation of Central Park's first statues of real women, Elizabeth Cady Stanton and Susan B. Anthony.  New York Life is the only corporate sponsor of The Elizabeth Cady Stanton and Susan B. Anthony Statue Fund

These statues will represent the varied roles women have played in history and remind people to examine social change movements to learn from the past and do a better job of carrying on the fight for equal rights and justice in the future, including the rights to vote.

Of interest, in addition to New York Life's commitment to diversity and women's issues, this grant was appealing to the company due to the proud historic relationship New York Life had with the Anthony family.  Susan B. Anthony used money from her New York Life insurance policy to guarantee that women students would be admitted to the University of Rochester.  In addition, Anthony's father and several male relatives were New York Life agents. www.newyorklife.com

John Hancock rewards policyholders with Apple Watch deal

John Hancock has announced the launch of its new Vitality Active Rewards with Apple Watch program, which gives John Hancock Vitality life insurance policyholders the opportunity to earn a new Apple Watch Series 2 for just $25, simply by being more active. John Hancock is the first life insurer in the U.S. to motivate policyholders to get more active by offering them the opportunity to participate in this innovative program and earn their Apple Watch Series 2. Details at www.jhrewardslife.com.

Streamlining work, research for loved ones

After the death of a loved one, many families often must wade through mountains of paperwork in an attempt to locate a insurance policies and other key documents and accounts belong to the deceased. LifeSite Pro was designed to provide a solution. It's a secure, collaborative document management system meant to help families securely organize and share vital information with loved ones and trusted advisors. For more information, visit www.lifesite.co/lifesitepro.

New year, new leadership at AAA Life Insurance Co.

Jay DuBose has been named president and CEO of AAA Life Insurance Co. after serving most recently as the organization's executive vice president of Acquisition and Member Experience. He begins the job on January 1, 2017. A life insurance industry veteran with three decades of experience, DuBose has been with AAA since 2003. He is a graduate of Baylor University, serves on the United Way of Southeastern Michigan campaign cabinet and Michigan Life & Health Insurance Guaranty Association board.

DuBose succeeds Harold Huffstetler, who retires this month after leading AAA Life Insurance Co. since 2004 after holding positions with Liberty Life Insurance Co. and Allstate Insurance Co. To find out more about AAA Life Insurance Co., visit www.aaalife.com.

Executive on the move at Voya Financial

Kevin Stych will join Voya Financial's Annuities and Individual Life organization as vice president, national sales manager for brokerage sales. Stych brings more than 25 years of experience in sales and strategic account management. For the last two decades, he's worked for Voya Financial Advisors (VFA) — the company's retail broker-dealer that supports a network of approximately 2,100 financial advisors nationwide. www.voya.com

MassMutual appoints four new regional sales directors

Massachusetts Mutual Life Insurance Co. (MassMutual) has appointed four new regional sales directors (RSDs) to round out a newly created national team of sales professionals supporting the company's focus on voluntary insurance benefits in the workplace. Rodger Biddle supports sales in the Middle America region, which includes Arkansas, Kentucky, Kansas, Missouri, Mississippi, Nebraska, North Dakota, South Dakota and Tennessee. Samuel Carr assists brokers and agents in Texas and Louisiana focusing on the grade K-12 public school districts.  Jeffrey Hughes supports sales in the Great Lakes region. And Garrett Sacken, located in Pennsylvania, is responsible for the Mid-Atlantic region. www.massmutual.com

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