B. E. ''Gene'' Wraith to Retire from Lincoln Benefit Life.LINCOLN, Neb. -- B.E. "Gene" Wraith, president of Lincoln Benefit Life Company, has announced his plans to retire effective April 30, 2006. Wraith joined Lincoln Benefit Life in 1979 as regional vice president after working with both Western Southern Life and its parent company US Life Corp., and owning his own insurance agency. In 1983 he became vice president of marketing. Wraith also served as senior vice president and chief marketing officer for Lincoln Benefit Life and Surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. Life, another Allstate Life subsidiary, before his 1996 promotion to president. He was named assistant vice president of Allstate Insurance Company in 1996, and vice president of Allstate in 1999. Wraith has made many corporate contributions during his 26-year leadership tenure, including the successful introduction of Lincoln Benefit Life's universal life portfolio of products and leading the company's venture into the brokerage marketplace. Licensed representatives for Lincoln Benefit Life numbered a few thousand in 1983, reaching over 100,000 in 1999. In 1986, Lincoln Benefit Life's year-end submitted premium was $100 million; in 2004, the company's submitted premium reached a record-setting $3.6 billion. Wraith also led the company's successful venture into the variable life and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. marketplace in 1994. Most noted of Wraith's accomplishments is the building of personal relationships with key distribution partners in the brokerage marketplace. Those long-term partners have remained loyal to Lincoln Benefit Life under Wraith's leadership, and helped the company grow to be one of the leading brokerage companies in the life insurance industry. Larry Dahl dahl n. 1. See pigeon pea. 2. or dal A thick creamy East Indian stew made with lentils or other legumes, onions, and various spices. , Lincoln Benefit Life's executive vice president of sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a , will be appointed to the president position effective November 1, 2005. Prior to joining Lincoln Benefit Life in 1999 as executive vice president of field marketing support, Dahl was tax director at Allstate Life, where he led the advanced planning and support area. Wraith will assist in the leadership transition until his April 2006 retirement. For more than 65 years, Lincoln Benefit Life Company has been an innovator in bringing insurance and annuity products to policyholders nationwide. Lincoln Benefit Life was acquired in 1984 by Allstate Life Insurance Company specifically for its ability to develop competitively priced insurance and annuity products for distribution through independent agents. By the end of 2004, the company had $211.3 billion of life insurance in force and more than $13.3 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . And its financial strength and ability to meet its obligations to policyholders are reflected in the high rankings See Google bomb. it has received by independent statistical rating agencies. Lincoln Benefit Life prides itself on its ability to provide exceptional products and service to its customers. Lincoln Benefit Life Company is a proud member of the Insurance Marketplace Standards Association - IMSA IMSA Illinois Mathematics and Science Academy IMSA International Motor Sports Association IMSA Insurance Marketplace Standards Association IMSA International Municipal Signal Association IMSA Illinois Mini Storage Association IMSA Institute of Marine Safety Auditors . Membership signifies commitment to honesty Honesty See also Righteousness, Virtuousness. Alethia ancient Greek personification of truth. [Gk. Myth.: Zimmerman, 18] Better Business Bureau nationwide system of organizations investigating dishonest business practices. [Am. and fairness in the sales and service of individually sold life insurance, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and annuity products. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion