A.M. Best Downgrades Ratings of Security Benefit Life Insurance Company and Its Subsidiary; Assigns Negative Outlook (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to B from B++ and issuer credit ratings to "bb" from "bbb+" of Security Benefit Life Insurance Company and its wholly owned subsidiary, First Security Benefit Life Insurance and Annuity Company of New York .

Texans lose millions in insurance scheme (UPI)
SAN ANTONIO, Feb. 27 (UPI) -- A Houston company lured hundreds of older Texans into investing about $30 million in a fraudulent life insurance scheme, state officials say.

AIG gets bids from MetLife, Axa for life unit: source (National Post)
American International Group Inc. received bids from MetLife Inc. and Axa SA for a life-insurance unit spanning more than 50 countries, a sale that may mark the biggest step yet in the company s dismantling, said three people familiar with the situation.