EQuote to offer annuities and LTC products News added by National Underwriter on October 2, 2013
National Underwriter

National Underwriter

Joined: April 22, 2011

By Michael K.Stanley

EQuote, an online provider of life insurance recently expanded their operation to include annuities and long-term care insurance (LTC).

EQuote, a forum where brokers are able to shop for the lowest rates among major carriers, prides itself on expediting the process and availing customers of choices quickly.

The site also includes explanations of certain life insurance products as well as annuities and LTC products; a crucial component for customers when purchasing annuities due to the rampant misconceptions regarding the vehicles.

FBL Financial Group (FBL) a provider of annuities and life insurance to both institutions and individuals, recently announced the results of its Class B tender offer which expired on Sept. 25. FBL will repurchase 1,023,948 shares of Class B common stock at a price of $45.33 per shared for a total cost of $46.4 million. In addition to that, 105,930 shares of Class B common stock will be converted to Class A common stock.

The repurchase will be funded by cash at the holding company following a dividend from its primary operating subsidiary, Farm Bureau Life Insurance Company.

After the tender offering and conversion, FBL will have 24,703,799 shared of Class A common stock and 11,413 shares of Class B common stock for a total of 24,715,212 shares.

Sun Life financial, a provider of wealth accumulation products has donated $100,000 to fund the creation of Transitions a resource guide for young adults moving from high school to post-secondary education.

Transitions, a book and pocket guide created by a team led by Dr. Stan Kutcher, Sun Life ‘s chair in Adolescent Mental Health and a professor at Dalhousie University seeks to enlighten young people with information regarding school, money and mental health.

Originally published on LifeHealthPro.com
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