2000 March | Life Insurance

Archive for March, 2000

Rule boosts life insurance costs Premiums on some 30-year policies soar 150%

Among the many perils that threatened the new millennium, Y2K computer problems and the apocalypse failed to materialize. But term life insurance rates did go up once a new regulation, called Triple X, went into effect Jan. 1. The reason: Insurers must set aside more money to pay future benefits on term policies that keep […]

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March 19th, 2000 | Posted in Life Insurance | No Comments

How much insurance is too much on the life of a boy?, Insurance professionals indicate $650,000 is unusually large amount to take out

Perhaps you’ve seen the TV ad in which a 30-something dad gazes sweetly at his frolicking son and takes comfort in having life insurance. The message is a familiar one: If you’re the breadwinner, make sure there’s money for your children should you die prematurely. But does it also make sense to insure your child? […]

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March 12th, 2000 | Posted in Life Insurance | No Comments

DIRECT RESPONSE BUYS CONNECTICUT LIFE

Direct Response Corp. has bought Connecticut Life & Casualty Insurance Co. from Weiss Financial Corp. Terms were not disclosed.Direct Response Corp. is a holding company for a group of direct auto insurance companies, led by Response Insurance. Connecticut Life & Casualty is a direct insurer writing auto and homeowners insurance in Connecticut with more than […]

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March 10th, 2000 | Posted in Life Insurance | No Comments

SK GROUP ACQUIRES INSOLVENT COMPANY

Kookmin Life Insurance Co. has been sold to conglomerate SK Group, the South Korean Financial Supervisory Commission said.SK will pay 107 billion won ($95 million) for the bankrupt firm. New York Life Insurance Co. was in long negotiations about buying the underwriter in conjunction with International Finance Corp., the private sector arm of the World […]

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