Archive: June, 2011

Average OneBeacon Guaranteed Level Term Life Insurance Plans

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Average OneBeacon Guaranteed Level Term Life Insurance Plans News from Coverage, And … – US Life Daily: Roughly 50% of the senior citizens in the United States are paying too much for their term life insurance policies. With all of the different options available to seniors, reducing costs can be an easy option. However, the [...]

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Insurance advice for grandchildren with young families of their own

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Insurance advice for grandchildren with young families of their own News from Payson Roundup: When grandchildren begin their financial life, good advice about their personal insurance selections can save them a fortune and perhaps spare them a ton of heartache. The foundation of a young family’s personal insurance plan consists of life insurance, disability insurance [...]

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Sun Life Launches Life Insurance/LTC Product

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Sun Life Launches Life Insurance/LTC Product News from Financial Advisor Magazine: Sun Life Financial has launched a single-premium, whole-life insurance policy with a benefit that owners can apply to long-term care. The Wellesley, Mass.-based company says the product, called Sun Care Whole Life, can be used to pay for in-home care and assisted-living or nursing [...]

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The Lowdown on Cash-Value Life Insurance

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The Lowdown on Cash-Value Life Insurance News from Patch.com: A few weeks earlier, I presented a column entitled: “I Hate Life Insurance” that covered some information regarding my opinions about life insurance. Though I recommend Term Life Insurance without reservation, I didn’t go into much detail about why I absolutely hate cash-value life insurance. This [...]

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Is life insurance dying?

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Is life insurance dying? News from Omaha World-Herald: Fewer people have life insurance these days, but this family is covered. Leroy Denholm, 50, has a group policy at work; wife Karen, 45, has had a policy since she was a baby and upgraded it recently; and they’ve…………… continues on Omaha World-Herald … Read the full [...]

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Non-life insurers log 27 percent business growth in May

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Non-life insurers log 27 percent business growth in May News from MSN India: Chennai, June 25 (IANS) The Indian non-life insurance sector logged around 27 percent business growth in May 2011 over the corresponding period in 2010, as per the figures released by the Insurance Regulatory and Development Authority (IRDA). The 24 non-life insurers booked [...]

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GM retirees sue MetLife after life insurance cuts

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GM retirees sue MetLife after life insurance cuts News from Detroit Free Press: A group of salaried General Motors retirees sued MetLife today in Wayne County Circuit Court after their life insurance coverage was cut to $ 10,000, despite assurances that their higher guaranteed amounts would remain in effect for the rest of their lives. [...]

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General Motors retirees sue Metropolitan Life to recover lost insurance benefits

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General Motors retirees sue Metropolitan Life to recover lost insurance benefits News from Crain’s Detroit Business: DETROIT — A group of 45 General Motors Co. salaried retirees filed a lawsuit against Metropolitan Life Insurance Co. after their life insurance benefits were reduced. Retirees listed in the suit — including former GM Chairman John Smale — [...]

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10 Things Life Insurers Won’t Tell You – Smartmoney.com

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10 Things Life Insurers Won’t Tell You – Smartmoney.comNews from 10 Things Life Insurers Won’t Tell You – Smartmoney.com: By JILIAN MINCER 1. We won’t try to find your family. Even if you paid every premium in full and on time, it may not be enough to ensure a payout will reach your beneficiaries when [...]

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Life Insurance, Critical Illness and Income Protection

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Life Insurance, Critical Illness and Income Protection News from MoneyExpert: What would you do if you were diagnosed with a life threatening illness and were unable to support your family?  It’s not something many people like to think about, let alone plan for, however life insurance is something everyone needs to consider. It can be [...]

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