Archive for November, 2003

Paying a price for the past, Large companies try to make amends for racially discriminatory practices on life insurance policies

Every week for more than 35 years, Bessie Jones of Sarasota paid a modest premium for a life insurance policy to the agent who came to her home.The policy issued in 1964 was small — its face value was $1,000 — and cost her only 90 cents a week. But over the years, Jones paid […]

November 17th, 2003 | Posted in Life Insurance | No Comments

A BUYER, NOT A SELLER MINNESOTA LIFE INSURANCE CO.’S CHIEF EXECUTIVE AIMS TO BUCK INDUSTRY TRENDS AND KEEP THE ST. PAUL FIRM FROM BECOMING AN ACQUISITION TARGET.

Bob Senkler is determined to keep the “Minnesota” in Minnesota Life Insurance Co. Senkler, chief executive of St. Paul-based Minnesota Life, is positioning his company to be an acquirer, not an acquisition, as the life insurance industry undergoes intense consolidation.Big life insurers are seeking growth and increased market share by picking off smaller companies, and […]

November 7th, 2003 | Posted in Life Insurance | No Comments

INSURING LIFE MAY SOON GET CHEAPER, NEW POLICIES TO REFLECT UPDATES IN MORTALITY TABLES. LONGER LIVES COULD SPELL LOWER COST

Now is a good time to consider life insurance, if you don’t already have a policy. That’s because rates are expected to come down in the near future, perhaps as much as 30 percent for new policies, according to the Ohio Department of Insurance Director Ann Womer Benjamin.There’s been a 20-year revision of the mortality […]