Cash-Value Life Insurance
Around eighty percent of all individual life insurance policies are permanent or cash-value life insurance. The popularity of cash-value life insurance can be accounted for to the wealthy advantages it can offer to the beneficiaries. Since life insurance is a very important factor of an individual’s financial plan, it is common sense to get the [...]
American Family Life Insurance
The Hearing or Notification of Hearing: An order of granting the application will be issued unless the Commission orders a hearing. All the interested persons may request a hearing by writing to the Secretary of the Commission and serving Applicants with a copy of the request, personally or by mail. Hearing requests must be received [...]
Insurance Compact Adds Expertise
The Interstate Insurance Product Regulation Commission (IIPRC) announced yesterday that Alice Fontaine of Fontaine Consulting, LLC, has been engaged to work with their organization. “Alice’s regulatory experience and well-known credentials is a very great asset to our operation, as we seek to build a speed-to-market product review operation with a high-level consumer protection on behalf [...]
Term insurance plans to get cheaper
Term insurance policies will provide pure life cover with no maturity or survival benefits. Since there are no maturity benefits in these policies, they are not as popular as, they say, the money back covers. Currently, the insurers have to maintain a solvency margin of 150 per cent on insurance products. Their move will ease [...]
Who Benefits a Life Insurance?
When you die, most likely there will be a few or more who will be left behind and struggle financially. A life insurance can be a solution to augment for the lost income. It will provide or pay cash to your family after you are gone. This death benefit that your family will get will [...]
Life insurance still strong despite credit crunch
Life insurance is still going strong in the entire UK markets despite the credit crunch. The affirmation that the UK Life Insurance sector was still very healthy despite global economic issues was announced today by Fitch Ratings. An article reported: “UK life insurers are the currently withstanding the credit crunch as they report positive net [...]
Advantages and Disadvantages of Term Life Insurance
Term life insurance is very popular and purchased by many because it is considered the more affordable type of insurance despite the fact that it expires without maturity. However, this type of insurance is normally renewable and it is non-taxable. Because term life insurance is not that expensive compared to other types of life insurance [...]
Insurance Policy: What’s the Use?
The real question is can you do without a life insurance? The answer will depend if you have dependents or not. Of course if you are living by yourself with no more dependents that will need money or support when you die, then a life insurance may be omitted from your list of priorities. However, [...]
Two Primary Types of Term Life Insurance
1. Level Term Insurance- in this type of insurance, the amount covered for the specified term of the insurance policy is constant. This type of Term Life Insurance is for those people who know the specific time they will need the insurance coverage. Most common is for the college education of their children. 2. Scheduled [...]
Term Life Insurance
Among the many different type of life insurance in the market today, many people prefer to have a Term Life Insurance. Based from the name itself, Term Life Insurance is specifically designed for a period of time. This length of time is called “term”. You purchase this type of insurance and you are guaranteed to [...]
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