U.S. Financial Life

[STIBROKER]

[FONT=Trebuchet MS,Verdana,Helvetica,sans-serif]Announcement made at 4:00 p.m. today! [/FONT]

Effective July 20, 2007, U.S. Financial Life will no longer accept new business from their field force.

In a press release sent by the company President Tim Herr stated that "The impaired risk market - served by USFL is limited in size and has come under economic pressure as traditional carriers are increasingly expanding into substandard risk classes. Given these challenges, AXA Financial has decided to discontinue writing new business at USFL".

 

[GreenSky]

[FONT=Trebuchet MS,Verdana,Helvetica,sans-serif]Announcement made at 4:00 p.m. today! [/FONT]

Effective July 20, 2007, U.S. Financial Life will no longer accept new business from their field force.

In a press release sent by the company President Tim Herr stated that "The impaired risk market - served by USFL is limited in size and has come under economic pressure as traditional carriers are increasingly expanding into substandard risk classes. Given these challenges, AXA Financial has decided to discontinue writing new business at USFL".

How dare you post such lies? I'm reading this AND looking at my clock - it's only 1:55pm.

You have information before it happens! Tell me who wins every baseball game this weekend. I need to get to Vegas.

Rick

 

[Crabcake Johnny]

If I posted an news item now it's 5:08 here but only 2:08 in CA.

 

[arnguy]

Don't forget the IPhone goes on sale at 6:00PM tomorrow (Friday) in each Time Zone!

 

[senior-advisor-indiana]

Seems like a new trend. Life companies not taking new biz.

 

[Winter_123]

Seems like a new trend. Life companies not taking new biz.

Arguably it is the opposite. More and more companies are accepting impaired risked business which cut into U.S. Financial's turf.

Winter

 

[senior-advisor-indiana]

I am not talking about impaired risk. I am saying that this is the third company that has stopped accepting new biz in the last 2 months.

 

[Winter_123]

I am not talking about impaired risk. I am saying that this is the third company that has stopped accepting new biz in the last 2 months.

What are the other two?

Winter

 

[senior-advisor-indiana]

unity life is one. i dont remenber the other. I will find out.

 

[Atlas]

I saw the same thing in my e mail. I wonder way they are not taking new apps?