Jan. 28 Northwestern Mutual Life Insurance Co. said revenue from premiums rose last year even though the company wrote fewer new life insurance policies. Premium revenue increased to $10.7 billion for the year, or 3.6 percent more than in 2003. Life insurance premiums from new sales rose by 3 percent, although the number of new […]
Life insurance can be an important estate planning tool. As long as insurability requirements are met and premium payments are made, life insurance can create an estate - possibly a sizable estate - not limited by your net worth or the nature or value of other assets. In most cases, life insurance benefits are not […]
Jan. 12 PROVIDENCE, R.I. State Sen. Leonidas P. Raptakis yesterday introduced a bill that would give each active member of the Rhode Island National Guard $250,000 in state-funded life insurance. Guard members can purchase the same level of coverage now themselves, at a cost of $16.25 per month. If they decline, they would only be […]
Jan. 5 MUMBAI, India Life and non-life insurance companies will find it difficult to cut marketing deals, with the Insurance Regulatory and Development Authority (IRDA) clamping down on such partnerships. The insurance regulator feels this is a backdoor entry to “composite insurance” a case where a life company sells non-life products which is not allowed […]
Many clients come to bank reps with questions about their life insurance policies. When assessing policies, bank reps need to know about life settlements. They are a way of extricating a client from a policy that is not needed, performing poorly, or going to lapse unless money other than from cash surrender value is provided.In […]