2007 July | Life Insurance

Archive for July, 2007

Life Insurance for the Living, Accelerated death benefits and long-term-care riders are breathing new life into cash value insurance policies.

As long as whole and universal life insurance policies have existed, personal finance gurus have disparaged them as a waste of investable assets.Jerry Hunsanger, an investment consultant with Harbor Financial Services, (an affiliate of Sterling Savings Bank) in Spokane, Wash., is typical: “I feel portfolios should be real portfolios and insurance should be used to […]

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July 31st, 2007 | Posted in Life Insurance | No Comments

Allianz to Host Free ‘Multicultural University’ for Insurance Professionals, September 16-18, 2007 at the MGM Grand and Casino in Las Vegas

PRNewswire — Allianz Life Insurance Company of North America (Allianz) has taken the lead to help insurance professionals develop stronger relationships within various multicultural markets by hosting a free “Multicultural University” in Las Vegas at the MGM Grand and Casino, from September 16 to 18, 2007.”At Allianz, we believe in developing and educating people about […]

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July 29th, 2007 | Posted in Life Insurance | No Comments

Life insurance policy may have market value

Retired persons may find their large life insurance premiums burdensome. They should realize that their life insurance contract is an asset that has other liquidation options. It may be foolish to simply stop paying the premiums and allowing the policy to lapse, which only benefits the insurance company. In the 1911 case of Grigsby v. […]

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July 28th, 2007 | Posted in Life Insurance | No Comments

AXA Equitable Supports Insurance Legislation Introduced in U.S. House of Representatives

PRNewswire-FirstCall — AXA Equitable Life Insurance Company strongly supports legislation introduced in the U.S. House of Representatives calling for the creation of an optional national regulator for its industry. Companion legislation to The National Insurance Act of 2007 (S40), the bill was introduced in the 110th Congress yesterday by Reps. Melissa Bean (D-IL) and Ed […]

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July 25th, 2007 | Posted in Life Insurance | No Comments

AXA Equitable Fills the Gap between Term and Perm, Company Introduces Return of Premium Term Life Insurance Product

PRNewswire-FirstCall — AXA Equitable further enhanced its life insurance product portfolio by introducing Return of Premium (ROP) Term(SM) life insurance, available for 20-, 25-, and 30-year level periods. The announcement was made today by Michael Ferik, Senior Vice President, Life Product Development.AXA Equitable’s ROP Term(SM) premiums are priced between the company’s traditional level term and […]

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July 23rd, 2007 | Posted in Life Insurance | No Comments

Insurance Daybook for Tuesday, July 24, 2007: Protective Life Celebrates 100 Years in Business

Protective Life Insurance Co. marks its 100th year in business. Incorporated on this date in 1907, Protective is a unit and the lead insurance company of Protective Life Corp. (NYSE: PL), based in Birmingham, Ala., according to an A.M. Best Co. report. Protective Life Insurance and its affiliates market individual life, credit life and disability […]

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July 23rd, 2007 | Posted in Life Insurance | No Comments

Insurers take note of longer life

Jul. 18 MUMBAI, India Soon, you may pay less for life insurance policy. It will depend on where you live and how long. With people living longer these days, life insurance premiums are falling across the world, and Indian companies want to revise the rates to reflect the changing trends. In fact, top insurance officials […]

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July 17th, 2007 | Posted in Life Insurance | No Comments

John Hancock Introduces New Level Premium Term Life Insurance Portfolio, Company Improves Pricing And Adds Standard Plus Non Smoker Risk Class Financial Strength, Conversion Options And Capacity To Write Very Large Cases Add To John Hancock’s Competitive Positioning

PRNewswire-FirstCall — John Hancock Life Insurance Company, one of the industry leaders in the sales of permanent life insurance products, is launching a new version of its term life insurance product portfolio.John Hancock has revamped its entire level-premium term life insurance portfolio (10-, 15-, 20- or 30-year terms), reducing premiums at many non- smoker issue […]

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July 17th, 2007 | Posted in Life Insurance | No Comments

8-K: KENTUCKY CENTRAL LIFE INSURANCE CO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 _______________ Date Report Filed: Date of Earliest Reported Event: July 16, 2007 February 12, 1993 KENTUCKY CENTRAL LIFE INSURANCE COMPANY State of Incorporation Commission File Numbers IRS Employer […]

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July 16th, 2007 | Posted in Life Insurance | No Comments

DEFENDING HIS TURF ALLIANZ LIFE CEO TACKLES ANNUITY SELLER’S LEGAL, COMPETITIVE CHALLENGES

After five months as Allianz Life Insurance Co.’s CEO, Gary Bhojwani admits he doesn’t have all the answers.”I’ll be real candid,” said the 39-year-old executive, who’s spent his career on the property and casualty side of the insurance business. “I have a lot to learn.” But he’s come a long way in 150 days.Bhojwani now […]

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