Life Insurance

Outline your purpose for life insurance

admin — Fri, 08 Feb 2008 05:00:00 +0000

Q. MY WIFE AND I agree that I need more life insurance but I am not sure as to what type of insurance I need. I’m an 42-year-old with two children, ages 9 and 10.I have $300,000 of life insurance provided by my employer. We have a $195,000 mortgage, our total savings is $73,000 which includes my 401k. My wife said a radio talk show host advises buy term and invest the difference and at age 65 or so we will not have need for life insurance because the mutual funds will be…Press: Hattiesburg American (MS)

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Opportunity International’s Micro Insurance Agency to Develop and Provide Life, Health and Crop Insurance for 21 Million Poor People, $24.2 million in new funding from the Bill & Melinda Gates Foundation to help agency expand services in 11 new countries

admin — Wed, 06 Feb 2008 05:00:00 +0000

PRNewswire-USNewswire — Opportunity International, one of the world’s largest microfinance organizations, today announced it has received a $24.2 million grant from the Bill & Melinda Gates Foundation. The funding will help Opportunity International’s subsidiary, the Micro Insurance Agency, greatly expand its insurance products to the poor in Africa, Asia and Latin America and will enable the world’s first stand-alone microinsurance agency to enter…Press: PR Newswire (USA)

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Life insurance: It’s for the people who live

admin — Tue, 05 Feb 2008 05:00:00 +0000

Feb. 5 Life insurance is a practical way to protect your family’s financial hopes and dreams. The death of a family member can be devastating to survivors both emotionally and financially. Life insurance can provide cash to help with your family’s immediate and long-term needs.Immediate needs include funeral expenses, unpaid medical bills and taxes.Long-term needs include care for a disabled child or elderly parent expenses and, in general, the chance for…Press: McClatchy-Tribune Regional News (USA)

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CNinsure Enters Into Strategic Partnership With Ping An Life Insurance

admin — Mon, 04 Feb 2008 05:00:00 +0000

Xinhua-PRNewswire-FirstCall — CNinsure Inc. (NASDAQ: CISG), a leading independent insurance agency and brokerage company operating in China, today announced the signing of a Memorandum of Understanding (MOU) with Ping An Life Insurance Company of China, Ltd. (”Ping An Life Insurance”) for a strategic partnership in the distribution and design of certain insurance products.According to the MOU, CNinsure will work closely with Ping An Life Insurance in the distribution…Press: PR Newswire (USA)

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Fort Dearborn Life Insurance Company(R) of New York Opens for Business

admin — Mon, 04 Feb 2008 05:00:00 +0000

PRNewswire — Fort Dearborn Life Insurance Company of New York (FDLNY) is pleased to announce it will commence business in the state of New York.”We are proud to now be conducting business in the state of New York,” said Larry Newsom, president and CEO of FDLNY. “This is an important step in our distribution growth strategy for the group life and disability business, as well as the annuity business. We look forward to the new opportunities this market will…Press: PR Newswire (USA)

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Fort Dearborn Life Introduces the Classic Fortifier(TM) Flexible Premium Deferred Annuity

admin — Fri, 01 Feb 2008 05:00:00 +0000

PRNewswire — Fort Dearborn Life Insurance Company today announced the introduction of its Classic Fortifier(TM), a flexible premium deferred fixed annuity.”The Classic Fortifier fills two needs that are particularly important to consumers: liquidity and control,” said Ken DiFrancesca, vice president, retirement and individual products, at Fort Dearborn Life. “This product is an important addition to our portfolio of fixed and indexed annuities. It is ideal…Press: PR Newswire (USA)

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Planned Performance Tracking Simplifies Active Policy Monitoring

admin — Thu, 31 Jan 2008 05:00:00 +0000

The complexity of life insurance sales and the on-going service of policies continues to grow. To help insurance professionals address this problem, Pacific Life Insurance Company and Pacific Life & Annuity Company offer Planned Performance Tracking, an exclusive web-based policy management system that provides at-your fingertips information and powerful tools to more effectively monitor in-force policies while saving time, reducing paperwork and increasing client service.Life…Press: Business Wire

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Minnesota Life Group Life Participants Have Access to Travel Assistance

admin — Tue, 29 Jan 2008 05:00:00 +0000

PRNewswire — In partnership with Minnesota Life Group Insurance, Europ Assistance, USA (EA) offers a travel assistance program to the insurer’s Fortune 1000 employer clients. The program is a safety net of services for employees and their families when traveling for business or pleasure.”The travel assistance service helps reduce the stress of travel, whether employees travel 100 miles from home or out of the country,” said Phillip White, director of…Press: PR Newswire (USA)

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Jackson’s 2007 Sales Rise 22% to More Than $14.5 Billion

admin — Tue, 29 Jan 2008 05:00:00 +0000

Jackson National Life Insurance CompanyÂ® (JacksonSM) generated more than $14.5 billion1 in sales and deposits during 2007, a rise of 22 percent over 2006, due to record sales of variable annuities (VAs) and record deposits from its separately managed accounts (SMA) subsidiary, Curian Capital. Jackson sold more than $9.1 billion in VAs in 2007, a 29-percent increase over the prior year, and Curian s SMA deposits rose 57 percent over 2006 to more than $1.3 billion. Jackson s retail sales and…Press: Business Wire

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A.M. Best Affirms Ratings of Legal & General America, Inc.?s Insurance Subsidiaries

admin — Fri, 25 Jan 2008 05:00:00 +0000

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of ?aa? of Banner Life Insurance Company (Banner Life) (Rockville, MD) and William Penn Life Insurance of New York (William Penn Life) (Garden City, NY). The outlook for all ratings is stable. Banner Life and William Penn Life are the principal insurance subsidiaries of Legal & General America, Inc. (LGA), which represents the U.S. operations of Legal…Press: A.M. Best (USA)

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