Life Insurance News Blog

News from BusinessWeek:

By LARRY O’DELL

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Questions and Answers on Life InsuranceA user-friendly guide to making expert decisions on life insurance policies.Need help facing the constant barrage of information f… Life Insurance Sales AmmoThis manual is a collection of hundreds of sales tips and ideas from over 30 years of meetings, discussions and on the job practic…

News from Reuters:

Fri Apr 27, 2012 5:03am EDT

(The following statement was released by the rating agency)

Apr 27 -

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

Summary analysis — ING Life Insurance Co. Ltd. ——————- 27-Apr-2012

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

CREDIT RATING: Country: Japan

Local currency BBB+/Developing/–

Primary SIC: Life Insurance

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

Credit Rating History:

Local currency Foreign currency

19-Jan-2012 BBB+/– –/–

29-Oct-2009 A-/– –/–
continues on Reuters
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News from BankInvestmentConsultant.com:
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Americans are not buying life insurance because they overestimate its costs. That’s the main finding of this year’s Insurance Barometer Study, an annual survey by insurance advocacy groups LIMRA and LIFE Foundation.

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The study found that consumers believe insurance costs to be nearly three times the actual price. Younger adults overestimate the cost almost sevenfold.
Survey [...] Continue Reading…

News from San Francisco Chronicle:
(04-25) 10:41 PDT Los Angeles, CA (AP) –
A Los Angeles life insurance agent has been charged with embezzling more than $ 1 million in premiums from elderly people who gave him money for life insurance policies and annuities.
Insurance Commission Dave Jones says 73-year-old Frank Conlon has been arrested and charged with felony elder abuse, grand theft and fraud.
He’s in jail with bail set at more than $ 1 million pending arraignment in Los Angeles on Thursday.
Investigators say Conlon diverted insurance premiums over a [...] Continue Reading…

News from Reuters:

Tue Apr 24, 2012 1:23pm EDT

April 24 – Fitch Ratings has affirmed the Insurer Financial Strength (IFS)
rating of Primerica Life Insurance Company (Primerica Life) at ‘A+’. The Rating
Outlook is Stable.

Primerica Life’s rating is supported by the company’s good risk adjusted
capitalization, strong competitive position in the individual term insurance
market, efficient captive distribution force, conservative asset profile, and
good operating performance. Partially offsetting these positives are the
company’s narrow product profile and the size of its in-force [...] Continue Reading…

News from Bloomberg:

New York Governor Andrew Cuomo said a new website will help life-insurance beneficiaries learn about funds that they are owed after a state review of unpaid benefits resulted in awards of more than $ 200 million.
“Something must be done to make sure families across New York receive the life insurance benefits that they are due,” Cuomo said today. “A new website will help families search for lost or forgotten policies.”
To contact the reporters on this story: Henry Goldman in New York at hgoldman@bloomberg.net; Noah Buhayar in [...] Continue Reading…

News from Times of India:

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When this year’s budget laid down new rules for life insurance , it was presumed that mis-selling would lose its sting. Far from it, mis-selling has now become more dangerous for your finances. Till 31 March, if someone was missold an unsuitable life insurance policy, the most he would have lost was the liquidity and the opportu……………. continues on Times of India
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Life Insurance Sales Ammo: [...] Continue Reading…

News from Richmond Times Dispatch:By: Jim Miller | Savvy SeniorPublished: April 22, 2012 Updated: April 22, 2012 – 12:00 AM
Q: What can you tell me about life settlements? I have a life insurance policy that I really don’t need and I’ve heard that selling it can produce a nice payout.
A: If you don’t need your life insurance policy any longer, are having a difficult time keeping up with the premium payments or could just use the money, a life settlement is worth considering.
A life settlement is the sale of [...] Continue Reading…

News from Reuters:

Fri Apr 20, 2012 5:41am EDT

By Denny Thomas and Clare Baldwin

HONG KONG, April 20 (Reuters) – British insurer Prudential Plc is considering bidding for the insurance business of Thailand’s Thanachart Bank, sources said, in an around $ 500 million deal that would help it better tackle arch rival AIA in the Southeast Asian nation.

The Thanachart Bank unit, which is set to be auctioned, is expected to include life and non-life assets as well as a bancassurance arrangement. Some Japanese and European insurers are also expected to [...] Continue Reading…

News from Virtual-Strategy Magazine:
miPlan announces of their partnership with life insurance provider TAL, demonstrating miPlan’s commitment to providing its customers high quality life insurance at an affordable price.
Melbourne, Victoria (PRWEB) April 20, 2012
Moving forward and moving fast, online life insurance comparison company miPlan is quickly becoming a major player in the Australian Direct Life Insurance market. The announcement of their partnership with life insurance provider TAL, demonstrates miPlan’s commitment to providing its customers high quality life insurance at an affordable price.
A study conducted in 2010 found that Australians are [...] Continue Reading…