Life Insurance for Children?
In a Bankrate article, the chairman of Allianz (NYSE: AZ) Life said that he believes selling life insurance for kids is contemptible. But many other companies offer it. The other day, on our Insurance discussion board, Community member SlayTheDragon shared a scary account of how his 17-year-old daughter barely survived a car accident.
Don’t sell your life insurance plans!
With the desperate need for cash growing bigger and bigger each day many people are opting to sell their life insurance plans – in fact more people are selling life insurance plans compared to disability plans. But the thing is, people under estimate the importance of life insurance. when the unthinkable happens, it’s even worse [...]
China Life Insurance Company doubles its profit
According to The New York Times, the China Life Insurance Company has exceeded the expected profit by more than a half. This was caused by investment gains in the stock market and rising premiums from the Chinese economy. In 2006, it has earned only 8.97 billion yuan but in the first half of 2007, it [...]
Long-Term Care Redefined
If you ask most advisors about long-term care, they will immediately add “insurance” to the end of the phrase. But what they may be ignoring, at their peril, is that as our clients live longer, they increasingly need forms of assistance that aren’t adequately covered by long-term-care insurance, and the cost of such assistance could [...]
Life Insurance
Across the pond, a big player in the US life insurance was suspended for violating the right of life-insurance policy holders to travel. In what the Office of Insurance Regulation (OIR) saw as a very massively high-profile incident of unfair trade practices American General, part of the American International Group turned down a congress woman’s [...]