2003 June | Life Insurance

Archive for June, 2003

Age has its rewards, As mortality rates drop and life expectancy grows longer, insurance premiums fall for consumers

The Yiddish toast “L’chaim!” in Fiddler on the Roof translates “to life.” That’s also the toast of life insurers these days. Thanks to a long overdue revision of life expectancies, firms can offer better life insurance deals to their customers. The revision to mortality numbers shows a reduced chance of dying at all ages. In […]

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June 22nd, 2003 | Posted in Life Insurance | No Comments

Baltimore-Based Life Insurance Group Agrees to Refund after Racial Bias Claim

Jun. 13 Monumental Life Insurance Co. said yesterday it has agreed to pay $37 million to more than half a million black customers because several companies it purchased had engaged in race-based pricing after July, 1974, either through lower death benefits or higher policy premiums. Under a settlement reached with the Maryland Insurance Administration, $5 […]

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