Life Insurance News Blog

News from Reuters:

By Denny Thomas
HONG KONG | Thu May 17, 2012 8:13pm EDT

HONG KONG (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) are among suitors expected to place first-round bids on Friday to buy ING Groep’s (ING.AS) Asia life insurance unit in a deal worth about $ 6.5 billion to $ 7 billion, sources familiar with the matter said.

A sale topping $ 7 billion could rank as Asia’s top insurance M&A deal and would help the bailed-out bancassurer repay [...] Continue Reading…

News from Houston Chronicle:
Coordinated by the nonprofit LIFE Foundation, May is Disability Insurance Awareness Month (DIAM), an educational campaign devoted to raising consumer awareness regarding the financial risk of becoming disabled and the benefits of using disability insurance to protect against that risk. To support these efforts, MR Insurance Consultants is raising two important issues for individuals and families to consider with regard to income protection.
Rockville, MD (PRWEB) May 17, 2012
MR Insurance Consultants, a web-based financial services firm and industry leader specializing in individual dis……………. [...] Continue Reading…

News from Reuters:
SEOUL | Thu May 17, 2012 2:27am EDT
SEOUL (Reuters) – South Korea’s Samsung Life Insurance (032830.KS) said on Thursday that it had decided not to bid for ING Groep’s (ING.AS) Asia-Pacific insurance operation, saying the sales method was not in line with its strategy.”We considered the acquisition as part of our strategy to expand overseas business, but we have decided not to participate in preliminary bidding,” Samsung Life said in a regulatory filing. The insurer added that it would reconsider a bid if there were changes to [...] Continue Reading…

News from Reuters:

Wed May 16, 2012 4:50am EDT

(The following statement was released by the rating agency)

May 16 -

===============================================================================

Summary analysis — Sompo Japan Insurance Inc. ——————– 16-May-2012

===============================================================================

CREDIT RATING: Country: Japan

Local currency A+/Stable/–

Primary SIC: Fire, marine, and

casualty

insurance

===============================================================================

Credit Rating History:

Local currency Foreign currency

22-Feb-2012……………. continues on Reuters
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Related News:
 

 
Five Great Gifts of Whole Life InsuranceEvery American that wonders about their financial future should own a copy of this book…“Why?” you ask.During the past forty… Insurance [...] Continue Reading…

News from LifeHealthPro:

Last week, in advance of Mother’s Day, InsuranceQuotes.com released the results of a survey that found 42% of U.S. adults whose mothers are living don’t know whether their moms have life insurance.
Gasp! …Or not. Despite working every day on a magazine called Life Insurance Selling, I have no idea what kind of life insurance coverage my parents have. It doesn’t surprise me that many others are in the same boat.
But shocking or no, that big number signals numerous problems for the industry.
For one, there’s the obvious death [...] Continue Reading…

News from Zee News: New Delhi: The country’s life insurance penetration decreased in 2010-11 from a year ago, although non-life insurance penetration rose marginally, Minister of State for Finance Namo Narain Meena said in the Rajya Sabha on Tuesday.”The life insurance penetration has decreased from 4.60 in 2009-10 to 4.40 in 2010-11, whereas the non-life insurance premium has increased from 0.60 in 2009-10 to 0.71 in 2010-11,” the minister said in a written reply.The insurance penetration was impacted by several macro-economic factors such as growth, inflation, interest rates, small [...] Continue Reading…

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News from Hindu Business Line:

Ministry withdraws proposal

New Delhi, May 13: 
The Finance Ministry has withdrawn its proposal to bring life insurance companies under the Minimum Alternative Tax (MAT) regime.
Had this provision been adopted by Parliament, life insurance companies would have had to pay MAT at the rate of 18.5 per cent. However, the existing provision prescribes income-tax to be payable at the rate of 12.5 per cent and that too after accumulated loss is wiped out. This, with the amendment in the Finance Bill 2102, will continue.
The Finance Minister, Mr [...] Continue Reading…

News from Sacramento Bee:
DARIEN, Ill., May 12, 2012 — /PRNewswire/ — Life Quotes, Inc. and Consumer Insurance Guide, stress the importance of moms staying fit and getting in to see their doctor for their annual checkups this Mother’s Day with advice from one of the world’s leading fitness experts, Jackie Warner, and Sister to Sister, the non-profit organization concerned with the prevention of the #1 killer of women: heart disease.
Life Quotes, Inc. has compiled a list of health concerns women should consider to keep their lives healthy and active. [...] Continue Reading…

News from The Daily Advertiser:
Life insurance is as important today for the modern family as it was years ago for the more traditional family. Yet life insurance is among the last things that people buy.
There are so many different types of insurance that the average person is confused as to which type of policy to buy and just how much is needed. There are lots of formulas for computing the amount necessary. A good starting point is to take 10 years of income and subtract whatever savings are available [...] Continue Reading…