Everything Life Insurance

American Family Life Insurance

Administrator — Tue, 10 Aug 2010 16:42:28 +0000

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 by the Commission by 5:30 p.m. on April 15, 2008, and should be accompanied by a proof of service on Applicants in the form of an affidavit or, for lawyers, a certificate of service.

All the hearing requests should state the nature of the requester’s interest, the reason for the request, and the issues contested. And the persons who wish to be notified of a hearing may request notification by writing to the Secretary of the Commission

Insurance Compact Adds Expertise

Administrator — Sat, 10 Jul 2010 16:41:30 +0000

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 of our member jurisdictions,” said IIPRC Executive Director Frances Arricale.

“IIPRC is very proud to welcome Alice to our team of professionals.”Mr. Fontaine will be the one responsible for reviewing all the actuarial memoranda submitted with the product filings and for advising the IIPRC on pertinent actuarial issues and developments.

Term insurance plans to get cheaper

Administrator — Thu, 10 Jun 2010 16:40:37 +0000

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 the capital requirement by one third for term policies for both the individual and group policies. Solvency margin requirements are the most prudential norms on capital requirement for insurance companies. They are as equivalent of the capital adequacy ratios for the banking industry. The insurers are likely to pass on their benefit to customers.

The Facts About Premium Financing of Life Insurance

Administrator — Mon, 10 May 2010 10:44:08 +0000

Premium financing has become a very important topic in the entire insurance industry. Premium financing of life insurance is a way for high-net-worth individuals, over the age of 55, to obtain the life insurance coverage they needed without having to divest high yielding assets.

Life insurance premium financing is a tool, offered from a premium finance company, and that an individual with substantial assets uses to cover the upfront costs and premium payments on a life insurance policy. The individuals often choose this course if they require a big amount of life insurance and do not want to pay the out-of-pocket costs.

Who Benefits a Life Insurance?

editor — Sat, 10 Apr 2010 05:55:01 +0000

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 be their source when they will need monetary assistance to pay for some vital financial obligations like expenses for the funeral, everyday expenditures, and even college funds. And the good thing about it is that federal income tax is not incurred on life insurance benefits.

Life insurance still strong despite credit crunch

Administrator — Wed, 10 Mar 2010 16:39:03 +0000

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 growth and have little exposure to subprime assets.”

Their sales have remained resilient and the only thing that might affect the sector is a dip in consumer confidence or the customer-base becoming unable to keep up payments on the policies due to a greater financial obligations caused by car insurance premium increases and the necessity to keep up on credit repayments.

Advantages and Disadvantages of Term Life Insurance

Administrator — Wed, 10 Feb 2010 08:12:31 +0000

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 and since it is not permanent, it is best suited for people with temporary need of insurance. It is also for people who are just starting to work and are not financially capable to spend much on life insurance. Unfortunately, the amount of money insured can only be paid if the time of the death of the insured is within the specific term or period of time the policy is still in effect.

Insurance Policy: What’s the Use?

editor — Sun, 10 Jan 2010 05:54:07 +0000

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, if you have loved ones that will be left behind and will need financial support when you are gone, then getting a policy is a great idea to replace your lost income. How much premium you are going to pay will depend how comfortably you want your dependents to be.

What is Variable-Universal Life?

Administrator — Thu, 10 Dec 2009 14:05:53 +0000

Variable universal life insurance is a type of insurance that pays the beneficiary of the policy death benefits. This type of insurance policy is an investment, if the investment fails, there is a minimum amount guaranteed by the insurance company to be paid to the beneficiary upon the death of the insured. The variable universal life insurance provides the insured more control over the cash value portion of the policy, more than any other type of insurance in the market. The variable universal life insurance is a type of whole life insurance because it has similar elements like life insurance and securities contract. And since the investment risk is assumed by the policy owner, it is regulated by Federal Securities Law.

Factors to Consider for a Life Insurance

Administrator — Tue, 10 Nov 2009 08:10:50 +0000

Topping the list of factors to be considered for a life insurance is the dependents. Whether you are married or single, in one way or another, you will have family members who will depend on you for support. Also to be considered is what kind of life you want to give your family in the future. If your spouse is not working, you would want to leave a source of income for him/her. You also take into consideration any debts you wanted to be paid off like mortgage, car loan or credit cards. Also equally important is the college education of the children.