Want to join the conversation?
$LNC's Individual life insurance sales in 1Q16 declined by 5% from the prior-year quarter. Increased sales of MoneyGuard, IUL and Term were offset by decreases in UL and VUL sales. Executive Benefit sales, which can fluctuate quarter to quarter, contributed an additional $7MM to total Life Insurance sales.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.