Nov. 26 TOKYO Dai-ichi Mutual Life Insurance Co. said Friday its solvency margin ratio, a key gauge of an insurer’s ability to pay policyholders, stood at 796.2 percent as of Sept. 30, down from 803.2 percent as of March 31. The rate was well above the 200 percent threshold below which the government requires insurers […]
San Diego insurance broker Universal Life Resources has reached a settlement with state regulators, who say they will now pursue insurers that allegedly paid the company secret fees and commissions to steer business their way. State Insurance Commissioner John Garamendi plans to file a lawsuit today in San Diego Superior Court against insurance giants MetLife, […]
If you’re a young parent, how much life insurance do you need?More. Much more. As demonstrated in a recent column (”Most need more life insurance,” Oct. 26), most American families have so little life insurance that the surviving spouse (and children) will suffer a severe decline in their standard of living if the primary earner […]
The cost of term life insurance has fallen sharply in recent years, but it has become more difficult for many people to qualify for the the low rates.The large drop in premiums began several years ago, triggered by several factors, according to Byron Udell, founder and CEO of AccuQuote, an online insurance brokerage based in […]
Private placement life insurance (PPLI) is not just a standard variable policy with a bigger face amount and seven-figure premiums. It’s a different breed engineered to perform in ways that variable insurance can’tand to stretch as an advanced planning tool to areas that traditional life policies can’t quite reach.A PPLI policy is highly customized for […]