Archive: July, 2011

PECKINPAUGH BEASLEY: Buy life insurance young

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PECKINPAUGH BEASLEY: Buy life insurance young News from Muncie Star Press: Written by Beth Peckinpaugh Beasley This is a topic which I have written about previously. At the risk of being redundant and appearing to be lecturing, I am going to address the value of your personal insurability, again. From there I want to transition [...]

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Insurance Newsletter

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Insurance Newsletter News from July 25 to July 29, 2011 – India Infoline.com: Top Stories Life insurance companies’ premium income dips 28%: reportLife insurance segment has reported a 28% fall in premium income during the first quarter of 2011 compared with its non-life counterparts which registered a robust 22% growth during the period, according to a [...]

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BofA’s $8.5 Billion Mortgage Deal ‘Insufficient,’ Western & Southern Says

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BofA’s $ 8.5 Billion Mortgage Deal ‘Insufficient,’ Western & Southern Says News from Bloomberg: Bank of America Corp. (BAC)’s proposed $ 8.5 billion mortgage-bond settlement with investors drew more criticism, as Western & Southern Life Insurance Co. called the deal “wholly insufficient.” The settlement is “a sweetheart deal” and an attempt to “sweep aside the [...]

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Consumers More Likely Than Ever to Buy Life Insurance Direct

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Consumers More Likely Than Ever to Buy Life Insurance Direct News from AdvisorOne: Insurance agents are still the preferred way to buy life insurance for many Americans, but they are increasingly turning to direct methods of purchase such as online, phone or mail orders, a survey released Wednesday found. The survey, “The 2011 Insurance Barometer [...]

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PNB selects Metlife as partner for life insurance venture

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PNB selects Metlife as partner for life insurance venture News from Moneycontrol.com: 31871 Investors following PNB. Share this News with them. Like this story, share it with millions of investors on M3 PNB selects Metlife as partner for life insurance venture The country’s second largest public sector lender, Punjab National Bank (PNB), today said it [...]

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New York life insurance companies directed to find and pay beneficiaries

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New York life insurance companies directed to find and pay beneficiaries News from NASDAQ: New York is cracking down on life insurance companies , requiring that they try harder to find and pay beneficiaries when policyholders die. When someone dies after they buy life insurance, his or her beneficiaries are responsible for claiming the benefits. [...]

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Irda may let promoters offload their stake early

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Irda may let promoters offload their stake early News from Livemint: Mumbai/New Delhi: India’s Insurance Regulatory and Development Authority (Irda) will soon allow promoters of life insurance firms, holding at least 26% stake, to sell strategic stake after five years of obtaining a licence, instead of the present holding period of 10 years. The authority [...]

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Annual meeting means boost for business

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Annual meeting means boost for business News from Milwaukee Journal Sentinel: July 24, 2011 5:47 p.m. | Aaron Rodgers Not many businesses weathered the economic storm as well as Northwestern Mutual Life Insurance Co., and the insurer’s chief executive plans to stress that point to the more than 10,000 people who are in Milwaukee this [...]

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Ryan: Making life insurance work for you

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Ryan: Making life insurance work for you News from Cincinnati.com: In a recent column I described a new method that some insurers are starting to use to combine the two most popular types of life insurance: Term insurance and universal-life insurance (UL). I want to fill in some numbers. Many people start their insurance programs [...]

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IRDA Hints At Obligatory Listing For Life Insurance Firms

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IRDA Hints At Obligatory Listing For Life Insurance Firms News from News Tonight: Insurance controller IRDA stated that it is mulling over making it obligatory for insurance firms to go public, even though the concluding IPO rules are still awaited and the majority of players are not desperate to hit the market. On the sidelines [...]

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