American International Group Inc. named Peter Zaffino as its next chief executive and indicated that he’ll run a smaller and simpler company as AIG splits off its life insurance and retirement ...

Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. from Allstate Corp. for $2.8 billion, the latest in a slew of deals between financial firms and life insurance ...

Protection Plus is designed as a unit-linked life insurance plan that combines insurance cover with investment opportunities.

To prepare for future education expenses, parents often choose Unit-linked insurance plans (ULIPs), which combine life insurance with market-linked investments.