Transamerica Corp. in San Francisco yesterday said it has settled a class-action lawsuit involving the sale of universal and whole life insurance policies by three of its subsidiaries. The subsidiaries are Transamerica Occidental Life Insurance Company, Transamerica Assurance Company and First Transamerica Life Insurance Company, all based in Los Angeles.Under the proposed settlement, owners of […]
Some major life insurance companies have suspended stock trading through Nomura Securities Co. due to the illicit stock transactions by the trading house, industry officials said Monday.Among them was Dai-ichi Mutual Life Insurance Co. Nippon Life Insurance Co., Japan’s largest life insurer, is considering following suit, they were reported as saying by Kyodo news service.Nomura, […]
Figuring out how to obtain money for your life insurance policy before you die — a viatical settlement — adds to the stress of realizing you’re terminally ill. Should you try to sell your life insurance policy to a viatical settlement company yourself, or use a broker? Will the money you get disqualify you for […]
Settlements in which the terminally ill sell their life insurance policies for a fraction of their value have helped turn dreams into reality for thousands of people. Take Mark Trautwein. He sold his life insurance policy two years ago so he could move from Washington, D.C., to the Bay Area to be near his family, […]