Archive: January, 2012

Life insurance sale must be need based, says IRDA

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Life insurance sale must be need based, says IRDANews from Hindu Business Line: Hyderabad, Jan. 31:  The sale of life insurance policies are set to become more scientific soon. The life insurers should ensure a need-based sale of life insurance products by their direct sales personnel, the Insurance Regulatory and Development Authority said in the [...]

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Gerber Life Selects Nexidia Customer Interaction Analytics

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Gerber Life Selects Nexidia Customer Interaction AnalyticsNews from Insurance & Technology: Related: Insurers’ Customer Advocates Glean Insights from Data Fremont, Mich.-based Gerber Life Insurance will deploy Atlanta-based Nexidia’s Nexidia Discover, Analyze and Evaluate to manage contact center agent performance and ensure superior customer service. Nexidia will host the analytics software, which mines interactions between agents [...]

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Police: NC funeral director took life insurance money from woman paying for …

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Police: NC funeral director took life insurance money from woman paying for …News from The Republic: RALEIGH, N.C. — A former North Carolina funeral director who left a body in a hearse for nine days has been accused of taking a woman’s life insurance money after her husband’s death. The Times-News of Burlington reports (http://bit.ly/Aw0tYG [...]

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Choosing the right long-term care policy to cover your needs

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Choosing the right long-term care policy to cover your needsNews from Live Insurance News: The percentage of people who have purchased life insurance has currently reached a figure that is lower than it has been in half a century, as many people debate whether or not the coverage is worth their money when they are [...]

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Insurance: Writing fairness into policies

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Insurance: Writing fairness into policiesNews from Cincinnati.com: Life-insurance companies all rely on “underwriting” when providing life insurance to applicants. In recent columns I have discussed medical underwriting, that is, screening an applicant for his or her medical history and current condition. But what standards do insurance companies use? Insurers are very comfortable with the normal [...]

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Life Insurance Basics

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Life Insurance BasicsNews from GovExec.com: One of the key decisions you must make when you retire is what to do about your life insurance coverage. Federal employees are automatically enrolled in the basic version of the Federal Employee’s Group Life Insurance plan when they are first hired and can add optional insurance to supplement it. [...]

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Life insurance policies should be reviewed periodically

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Life insurance policies should be reviewed periodicallyNews from The State Journal-Register: In addition to medical checkups for physical health, there’s another kind of checkup experts recommend for your financial health — a review of life insurance coverage.  “Life insurance needs will most likely change over time,” said Mark Kluemke, life sales agent with Lee/O’Keefe Insurance [...]

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MIB Life Index Reports U.S. Life Insurance Activity Rose .2% in 2011

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MIB Life Index Reports U.S. Life Insurance Activity Rose .2% in 2011News from Sacramento Bee: BRAINTREE, Mass., Jan. 24, 2012 – /PRNewswire/ – The MIB Life Index showed marked resilience in 2011. A strong December, up +5.8% year-over-year, contributed to year-end results that were slightly positive, up +0.2% YTD all ages combined, according to the MIB [...]

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Crump, iPipeline Strike Deal

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Crump, iPipeline Strike DealNews from Insurance Networking News: Virtual Water Cooler, January 24, 2012 Justin Stephani Just a week after receiving a “significant” investment from venture capital firm Technology Crossover Ventures, iPipeline has been selected by Crump Life Insurance Services to automate and streamline business processes for Crump’s associates, producers and 200,000 agents. Specifically, Crump [...]

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Are you too old to buy affordable life insurance?

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Are you too old to buy affordable life insurance?News from Fox Business: If you’re a senior citizen, it’s a mistake to buy a life insurance policy before you weigh the costs of coverage against the benefits it will provide for you and your heirs. When you’re an adult with a spouse, young children or others [...]

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