Sep. 1 Insurance representative Maria Buss was extremely disturbed by the findings of recent insurance industry studies: Only 41 percent of adult Americans have individual life insurance. And those who rely on group insurance alone through their employers are vulnerable if they lose employment.In her capacity as president of the Fox Valley Chapter of the […]
Dear Mr. Premack: I’m having a problem with a life insurance company concerning the policy beneficiaries. My father passed away in March. He named me beneficiary of his life insurance policy. His wife is requesting half of the life insurance proceeds. The life insurance policy was a benefit to him from his employer. He did […]
WORCESTER - Allmerica Financial Corp. yesterday said it would sell its variable annuity and variable life insurance business to The Goldman Sachs Group Inc., part of a $385 million deal that will trigger the layoff of 275 Worcester-based Allmerica employees.Allmerica has operated the $11 billion closed block of business for almost three years, and rating […]
For the second year, the life insurance industry has designated September as Life Insurance Awareness Month, hoping to raise public awareness about the importance of life insurance.”I’ve been in the business for 36 years and in the last 10 to 15 years I’ve seen a dramatic shift (in life insurance purchases) because of the public’s […]
A majority of state legislators are sitting pretty with pay raises of 16 percent to 34 percent, not to mention a cost-of-living allowance as of Dec. 1, 2006. Yet, they can’t scrape together $1 million a year to cover life insurance premiums for Pennsylvania’s National Guard soldiers and airmen, who put their lives on the […]