Archive for June, 2004

Waking up to Life: Brokers use plan design, education to rouse employers and employees to the need for life insurance

First, let us acknowledge life insurance as one of the top-selling employee benefits. Last year, Eastbridge Consulting Group deemed it responsible, along with disability income and health products, for a 100% growth in worksite sales over five years. This year, Eastbridge reports that carriers consider universal and term life products to be very profitable and […]

SBLI USA Mutual Life Insurance Company, Inc. Appoints Ellen Thrower to Board of Directors

SBLI USA Mutual Life Insurance Company, Inc. Barbara Franklin, 212-356-0307 Leading Insurance Educator and Risk Management Professional from St. John’s University to Help Lead Company’s National Expansion SBLI USA Mutual Life Insurance Company, Inc. today announced the appointment of Dr. Ellen Thrower, executive director of St. John’s University’s School of Risk Management, Insurance and Actuarial […]

Allstate now will let those planning trips to Israel apply for life insurance

Allstate Life Insurance Co., pressured by a California lawsuit and pending federal legislation, said Tuesday it will now allow potential life insurance customers who plan travel to Israel, the West Bank or Gaza to apply for policies. Allstate, part of Northbrook-based Allstate Corp., is one of 13 life insurers named in a Los Angeles County […]

Slower graying of U.S. makes life insurance a bargain

If you need life insurance, now’s the time to get some. If you have some and want more, load up.Peace of mind is on sale. During the past decade, the price of life insurance has gone down dramatically.Consider that in January 1994 the typical rates for a 26-year-old, non-smoking man on a 10-year term, $1 […]

Match life insurance with needs

Most of us realize we need life insurance. But how much and what kind? These are questions that nag at us and make us easy targets for the persuasive sales pitch. In a previous column, I reviewed the basic methods for determining how much life insurance is needed. Having enough to pay off debts, to […]

Assess life insurance needs

How much is enough? Clients often come to me with that question when reviewing their life insurance needs. The answer: It depends.Your level of coverage will depend on your answer to a prior question: What is your purpose for buying life insurance? (Why would you need any at all?) If you view life insurance as […]

Maine Governor Authorizes Life Settlements — Gives Consumers Access to Market Value of Life Insurance

Life Insurance Consumers Alliance (LICA) James Butera, Executive Director, 202-742-4146 info@lifeinsuranceconsumers.org Governor John Elias Baldacci has signed legislation that authorizes and regulates life settlements in the state of Maine, assuring the consumer’s right to realize the fair market value of unwanted or unneeded life insurance. The legislation, co-sponsored by Representative Christopher O’Neil and Senator Arthur […]

Before you retire, size up your life insurance

BOSTON - People have the unique ability to learn from their mistakes. Unfortunately, when it comes to life insurance, most seniors and retirees never get that chance. Death gets in the way. Fortunately, many of the mistakes seniors and retirees make can be prevented or corrected. So says Stephen Leimberg, author of “The Tools and […]