Life Insurance and Annuities in the US Industry Market Research Report Now …

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Life Insurance and Annuities in the US Industry Market Research Report Now …
News from Albany Times Union:

After several years of decline, the Life Insurance and Annuities industry is headed for recovery, albeit a slow one. While investment losses and decreased income shook up the industry, the industry will move back to positive growth in 2012. Low investment levels may still take their toll on the market, but the positive shift in life expectancy and mortality rates is expected to stimulate demand for annuities. For these reasons, industry research firm IBISWorld has added a report on the Life Insurance and Annuities industry to its growing industry report collection.

Los Angeles, CA (PRWEB) March 17, 2012

According to the Federal Reserve, the Life Insurance and Annuities industry is one of the largest sources of investment capital in the United States. As a major source of capital, businesses, governments and organizations rely on life insurers to expand operations or finance transactions. “At the same time, life insurers’ primary responsibility is to their policyholders; they offer services and products related to wealth preservation, retirement savings and estate planning,” said IBISWorld industry analyst

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Life insurance no longer a savings grace
News from Times of India:

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For those whose primary objective is to build a retirement fund, life insurance as a savings instrument will lose its sheen. However, purchasing health insurance will become cheaper as payments for pre-acceptance medical tests will now be eligible for tax breaks.

The finance minister has doubled the minimum cover requirement under a life policy for it to be eligible for tax breaks. All forms of insurance – including life, health, motor and property – will also become more expensive because of the two percentage point increase in service tax.

The new limits for tax exemption eligibility under section 80C and 10 (10D) of the Income Tax Act has been…………… continues on Times of India

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