1999 October | Life Insurance

Archive for October, 1999

Enticing prices on terms of endearment, Life insurance is cheap until new rules kick in

Christmas shopping and life insurance isn’t a match that shouts holiday spirit, but expanded coverage for your family may be among the hottest buys this season. New state regulations to take effect January 1 are likely to boost prices and limit choices for term insurance. This coverage does not offer a buildup of investment value […]

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October 24th, 1999 | Posted in Life Insurance | No Comments

MORE MET< TO SETTLE THEIR LAWSUIT AGAINST MET LIFE, SHAREHOLDERS ARE PUSHED TO ACCEPT MORE INSURANCE FROM THEIR NEMESIS

More than six years after policyholders, lawyers and state regulators began hounding the Metropolitan Life Insurance Co. over deceptive sales practices, lawyers have a tentative deal to resolve a crush of complaints against the nation’s second-largest life insurer. The $1.77 billion settlement, announced in August, offers mostly free insurance to six million life insurance policyholders […]

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October 16th, 1999 | Posted in Life Insurance | No Comments

Cash with a catch INSURANCE: Pimco deal raises questions for Pacific Life

For Thomas Sutton, chief executive of Pacific Life Insurance, it’s the billion-dollar question. Can Pacific Life, whose newspaper and cable TV ads feature a young humpback whale frolicking in the surf, continue swimming against the tide? The Newport Beach-based insurance and financial-services firm that Sutton heads stands to make a bundle if Allianz, the German […]

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