Latest news with #Ameritas
Yahoo
5 days ago
- Business
- Yahoo
Ameritas names Anthony DiPaola to Hall of Fame
LINCOLN, Neb., June 5, 2025 /PRNewswire/ -- Anthony C. DiPaola of DiPaola Financial Group is the newest member of the Ameritas Hall of Fame. DiPaola will enter the Hall of Fame as a 2025 inductee. The prestigious Hall of Fame award is the highest honor an Ameritas field partner can achieve. The award recognizes people who, over the course of their careers, exhibited outstanding leadership qualities, a commitment to bettering their community, and significant professional contributions to both the insurance industry and to Ameritas. "Being inducted into the Ameritas Hall of Fame is an incredible honor and a testament to the dedication of our entire team," said Anthony DiPaola, CEO of DiPaola Financial Group. "This recognition inspires me to continue mentoring others and delivering the highest level of service to our clients and communities." About Anthony C. DiPaolaAnthony DiPaola is the CEO of DiPaola Financial Group, a New York-based firm offering comprehensive financial services. His career began at Mutual of Omaha, after which he joined Union Central in 2007. Over the next decade, he expanded his reach by opening multiple satellite offices in the New York/New Jersey area and co-founding the National Wealth Group. This collaboration extended the firm's presence to Florida and Texas. As CEO, DiPaola is deeply involved in strategic operations, staff development, and client advisory, ensuring that each office operates efficiently and aligns with the company's high standards. He is also a committed mentor and an active member of professional organizations like the Round Table of New York and GAMA. DiPaola's professional achievements are numerous, including multiple Inner Circle qualifications and leadership roles on several Ameritas sub-committees. Beyond his corporate responsibilities, he is passionate about community service, supporting organizations such as Breakthrough T1D, the American Cancer Society, and the Jimmy V Foundation. A graduate of St. Joseph's College with a Master of Business Administration in finance, Anthony remains engaged with his alma mater. He lives on Long Island with his wife Jeanette and their two children, one of whom has joined the family business. For additional information about this award, visit this link. About AmeritasAmeritas is a marketing name for Ameritas Mutual Holding Company and its affiliated subsidiary companies, including Ameritas Life Insurance Corp, Ameritas Investment Company, LLC, Ameritas Advisory Services, LLC and Ameritas Life Insurance Corp. of New York. Founded in 1887, Ameritas and its subsidiaries offer a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability income insurance; group dental, vision and hearing care insurance; retirement plans; investments; asset management; and public finance. Securities offered through Ameritas Investment Company, LLC, member FINRA/SIPC, and investment advisory services offered through Ameritas Advisory Services, LLC. Visit to learn more. Contact: Derek Rayment, Sr. Media Relations SpecialistAmeritas Life Insurance View original content to download multimedia: SOURCE Ameritas
Forbes
27-05-2025
- Business
- Forbes
Ameritas Dental Insurance Review 2025
How We Chose the Best Dental Insurance Companies We analyzed costs and benefits information for 32 stand-alone dental insurance plans. We looked at price quotes, coverage limits and deductibles and reimbursement levels. Advertisers do not and cannot influence our ratings. We use data-driven methodologies so all companies are measured equally. You can read more about our editorial guidelines and the methodology for the ratings below. Ameritas offers multiple dental insurance plans that range from the low-cost PrimeStar Lite to comprehensive plans like PrimeStar Complete. Ameritas Dental offers dental insurance in all states except for Massachusetts and Washington. It also offers dental policies in Washington, D.C. Ameritas' comprehensive plans like PrimeStar Complete cost more than the national average but it offers coverage levels not found in other plans. Here's a look at the dental insurance cost differences of top-scoring plans for eight dental insurance companies. Ameritas offers multiple types of insurance, financial services and employee benefits to 6 million members. The company started in 1887 as The Old Line Bankers Life Insurance Company in Lincoln, Nebraska, and offered life insurance. Ameritas began providing dental insurance in 1959. Ameritas also owns Spirit Dental, another provider recognized as one of our best dental insurance companies. Now, besides life insurance and dental coverage, Ameritas offers: Credit rating agency AM Best gave Ameritas an A (Excellent) financial strength rating. AM Best praised the company's balance sheet strength, operating performance, business profile and enterprise risk management. 'Ameritas has demonstrated appropriate risk management capabilities,' said AM Best. The Better Business Bureau rated Ameritas with an A+. BBB rates companies based on complaints, business size, whether the company responded to complaints promptly and whether the company resolved the issues. To find the best dental insurance companies, we scored 32 stand-alone dental insurance plans. We got quotes from each company and dug into each dental plan to find out what each one covers, what they reimburse for different types of coverage and coverage limits and deductibles. Only the top-scoring plans from each company are shown. Benefit details can vary by state, so check the plan brochure for details. Ratings are based on the following criteria. Ameritas Dental offers two well-ranked comprehensive dental insurance plans that could be excellent if you're looking for a high level of coverage. Both PrimeStar Complete and PrimeStar Boost offer high annual coverage maximums and strong reimbursement for dental services. To apply for an Ameritas Dental plan, go to the MyPlan page on the Ameritas website and enter your ZIP code into the quote tool. You may also choose vision insurance to add to your dental coverage. Ameritas will provide a list of plans in your area and specifics about each one. You can choose a plan and purchase coverage through the Ameritas website. To cancel Ameritas Dental insurance, contact the company at 888-336-7601. You can cancel or change your plan at any time.
Business Wire
22-05-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of 'a+' (Excellent) of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY). These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies are collectively referred to as Ameritas). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of 'a-' (Excellent) of the group's surplus notes (see below for details of the Long-Term IR). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ameritas' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management. Ameritas' risk-adjusted capitalization level is consistently in the strongest category, as measured by Best's Capital Adequacy Ratio (BCAR), and the company has financial flexibility and liquidity. However, AM Best notes that Ameritas has stable but elevated allocations to NAIC-2 class bonds and less-liquid private placement fixed-income securities, while maintaining a material but declining allocation to mortgage loans. Ameritas has reported a trend of positive earnings on a GAAP basis in recent years, while statutory earnings have been more mixed, but generally positive over the long term. Ameritas has benefited from a diverse product portfolio covering life, annuity, and accident and health insurance products on an individual and group basis. Ameritas continues to maintain a market-leading position in group dental sales and continues to have strong life, annuity and individual disability sales in recent years. Ameritas has demonstrated appropriate risk management capabilities. The following Long-Term IR has been affirmed with a stable outlook: The Union Central Life Insurance Company (merged into Ameritas Life Insurance Corp., effective July 1, 2014) — -- 'a-' (Excellent) on $50 million 8.20% surplus notes, due 2026 This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
22-05-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary
OLDWICK, N.J., May 22, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY). These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies are collectively referred to as Ameritas). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of "a-" (Excellent) of the group's surplus notes (see below for details of the Long-Term IR). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ameritas' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management. Ameritas' risk-adjusted capitalization level is consistently in the strongest category, as measured by Best's Capital Adequacy Ratio (BCAR), and the company has financial flexibility and liquidity. However, AM Best notes that Ameritas has stable but elevated allocations to NAIC-2 class bonds and less-liquid private placement fixed-income securities, while maintaining a material but declining allocation to mortgage loans. Ameritas has reported a trend of positive earnings on a GAAP basis in recent years, while statutory earnings have been more mixed, but generally positive over the long term. Ameritas has benefited from a diverse product portfolio covering life, annuity, and accident and health insurance products on an individual and group basis. Ameritas continues to maintain a market-leading position in group dental sales and continues to have strong life, annuity and individual disability sales in recent years. Ameritas has demonstrated appropriate risk management capabilities. The following Long-Term IR has been affirmed with a stable outlook: The Union Central Life Insurance Company (merged into Ameritas Life Insurance Corp., effective July 1, 2014) —-- "a-" (Excellent) on $50 million 8.20% surplus notes, due 2026 This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Louis Silvers Senior Financial Analyst +1 908 882 2316 Michael Porcelli Senior Director +1 908 882 2250 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-04-2025
- Business
- Yahoo
What is tax-deferring and how do billionaires benefit from it?
(NewsNation) — Most billionaires keep their wealth in company shares. When these shares increase in value, so does their net worth — but this increase isn't taxable until the shares are sold at a profit. Their solution? Simply never sell. Instead of selling shares to access cash, billionaires often borrow against their existing assets to purchase more shares. This strategy increases their wealth without triggering taxable events. Tax calculator: How much do I owe in taxes? In 2007 and 2011, Amazon founder Jeff Bezos paid nothing in federal income taxes. Tesla CEO Elon Musk, the second-richest person globally, managed the same feat in 2018. Investor George Soros once went three consecutive years without paying federal income tax, Bezinga reported. These examples show how billionaires employ sophisticated tax strategies that often leave them paying less than the average American worker. The IRS launched a crackdown on the super-wealthy in early 2024, armed with billions in new funding from Congress. The initiative comes after a decade that saw audits of taxpayers earning over $1 million drop by more than 80%, despite this income bracket growing by 50%, CNBC reported. How much do you need to earn to file taxes? Tax deferral allows investors to delay paying taxes on investment gains until a later date. This strategy enables earnings to be reinvested and compounded over time, potentially offering stronger long-term growth than taxable accounts, per Ameritas. The Rule of 72 shows this advantage: divide 72 by your rate of return to estimate how many years it will take to double money in a tax-deferred account. For taxable accounts, the Rule of 96 applies, accounting for the drag of annual taxation. What do you need to file your taxes? Several investment vehicles offer tax-deferred benefits, according to Bankrate: Traditional IRAs: Tax-advantaged retirement accounts where contributions may be tax-deductible and growth is tax-deferred until withdrawal Employer-sponsored plans: 401(k)s and 403(b)s often include employer matching contributions Fixed deferred annuities: Insurance-based contracts with guaranteed interest rates Variable annuities: Tied to investments with potential for growth but subject to market risks Government bonds: I Bonds and EE Bonds offer low-risk options with tax deferral benefits Whole life insurance: Provides tax-free benefits for beneficiaries and cash-saving components Consider this comparison: A single tax-deferred investment earning 8% annual interest over 30 years grows to more than $750,000. After paying 28% in taxes upon withdrawal, the investor receives approximately $560,000, per Ameritas. 7 key tax terms you should know In contrast, a similar investment in a taxable account, with 28% paid in taxes annually, yields only about $400,000 over the same period — a difference of roughly $160,000. Tax-deferred accounts come with significant restrictions, per Bankrate: : 401(k) contributions are capped at $23,500 annually ($31,000 for those 50 and older), while IRAs are limited to $7,000 ($8,000 for those 50 and older) Early withdrawal penalties: The IRS imposes a 10% penalty on funds withdrawn before age 59½, plus regular income tax on the amount Required minimum distributions: Starting at age 73, account holders must begin taking distributions from retirement accounts or face substantial penalties Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
