Archive: February, 2012

Too young for life insurance? The debate over policies for children

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Too young for life insurance? The debate over policies for childrenNews from Fox Business: Deciding whether to buy a life insurance policy for a child can be difficult, and there is strong disagreement over the benefits of such policies. Advocates assure you that life insurance policies for children are great financial tools as part of [...]

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MassMutual’s AUM down, life insurance sales up

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MassMutual’s AUM down, life insurance sales upNews from Boston Business Journal: Boston Business Journal by Sarah Coffey, Financial Reporter Date: Tuesday, February 28, 2012, 11:28am EST Related: Banking & Financial Services, Insurance Sarah Coffey Financial Reporter – Boston Business Journal Email Springfield-based Massachusetts Mutual Life Insurance Company, one of the nation’s biggest insurers, said today [...]

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Leesburg Attorney Sentenced in Life Insurance Fraud Case

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Leesburg Attorney Sentenced in Life Insurance Fraud CaseNews from FairfaxNews.com: Christopher Agresto, 36, of Leesburg, was sentenced Friday to 24 months in prison, followed by three years of supervised release, for carrying out a scheme to fraudulently obtain life insurance proceeds. According to court records, in 2009, Susan Cilenti was found dead under suspicious circumstances [...]

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Good Question: Life insurance’s tax break lost if you surrender it

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Good Question: Life insurance’s tax break lost if you surrender itNews from Columbus Dispatch: By  Claudia Buck M cCLATCHY NEWSPAPERS Sunday February 26, 2012 9:42 AM Are taxes owed when cashing out a life-insurance policy? IRS expert Jesse Weller has the answer: Q: I have a whole-life-insurance policy that has been building up a cash [...]

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APNewsBreak: NY requires life insurance companies to start paying fully on …

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APNewsBreak: NY requires life insurance companies to start paying fully on …News from Washington Post: ALBANY, N.Y. — New York regulators on Friday told insurance companies they must pay out fully when members of the military are killed in action as the standard practice, rather than automatically establishing a kind of checking account that provides [...]

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Samsung Life says interested in ING Asia insurance business

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Samsung Life says interested in ING Asia insurance businessNews from Reuters: Thu Feb 23, 2012 9:27pm EST * Samsung Life reviewing ING Asia bid * Possible KB-Samsung tie up plan looms (Add details, analyst comment) SEOUL Feb 24 (Reuters) – South Korea’s Samsung Life Insurance said it is interested in acquiring ING Groep’s Asia-Pacific insurance [...]

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Life insurance premium collection down 3% during Apr-Dec

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Life insurance premium collection down 3% during Apr-DecNews from Zee News: Mumbai: Life insurance industry witnessed a marginal decline of 3 percent in the total premium collection at Rs 1,80,240 crore for the nine months period December 31. Total premium collected by the industry was Rs 1,86,396 crore for the April-December period of 2010-11 fiscal. [...]

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Life Insurance in India, Key Trends and Opportunities to 2016 Favorable … – Sacramento Bee

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Life Insurance in India, Key Trends and Opportunities to 2016 Favorable … – Sacramento BeeNews from Life Insurance in India, Key Trends and Opportunities to 2016 Favorable … – Sacramento Bee: NEW YORK, Feb. 22, 2012 – /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue: Life Insurance in [...]

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Edelweiss Tokio Life Insurance launches two term plans

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Edelweiss Tokio Life Insurance launches two term plansNews from Economic Times: MUMBAI: Recent entrant in the life insurance Edelweiss Tokio Life today launched two cost effective term plans, Life-Protection and Income Replacement. “A sudden unfortunate death of the bread winner of the family could jeopardise dreams and bring about a drastic change in the lifestyle [...]

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Ask the Experts: Are life insurance proceeds taxable?

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Ask the Experts: Are life insurance proceeds taxable?News from Belleville News Democrat: Is there tax owed when cashing out a life insurance policy? IRS expert Jesse Weller has the answer: QUESTION: I have a whole life insurance policy that has been building up a cash value based on the premiums paid. I no longer need [...]

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