Looking for life insurance?
Compare Life Insurance
Quotes and Rates!
Life Insurance Group > Life insurance news > Life insurance companies » Commerce insurance ready to sell “life” in USA...

Commerce insurance ready to sell “life” in USA

Wednesday, August 27th, 2014

In the past, Commerce was holding just over 30% of the market when it came to auto insurance till 2008 deregulation which encouraged other national companies to start selling auto policies in the state of Massachusetts. Commerce lost more than 4% of its market share since then, and it’s prepared to use its large network of field agents to start offering life insurance, first in Massachusetts and nationwide latter.

What happens when a company launches new product or service in insurance is that offers connected to it usually have some sort of bonus attached to it. This bonus can be in form of higher interest rate on your life policy, additional risk coverage such as higher amounts for injuries, free travel insurance etc.

Since Commerce major field of operations was in non-life sector we could probably see their agents offering additional options connected to it, perhaps bonuses in form of home insurance – maybe a month of free home insurance or lower price for those who purchase their life policy. There are other things companies are prepared to offer when they are newcomers into certain field of work, their loyal customers from auto insurance sector may be offered some bonuses within this sector if they choose to buy life insurance as well.

If you check Commerce’s website you’ll see they already offer life contracts with no medical exam (you most likely won’t be able to include coverage for illness this way), complete online (paperless) application process and decision about your coverage application in minutes.  There is also really nice option mentioned at their website – no penalty for early termination. This in other words means – should you choose to cancel your life insurance contract in a first month (or maybe first few months) from some reason the money you’ve paid will be fully refunded. This is certainly an option many of their competitors don’t have at this time and it probably won’t stand forever but is rather a part or their advertising campaigns plan.

There is already bonus of 2% lower car insurance price offer for those who chose to buy MAPFRE life and although it seems unimportant to your yearly savings plan, if you can get it every year (or maybe some other bonuses) your life policy could save you some real money in a long run.

OTHER LIFE INSURANCE COMPANIES news

January 12th, 2015

China’s Forsun International Moves into the US Life Insurance Market

Moreover, Robert S. Cubbin, the CEO and President of Meadowbrook reportedly said that the company’s partnership with Forsun adds more strength to its capital base. In addition, the pact will enable the US-based firm insurance company to improve its services and increase profits.

December 19th, 2014

Life Insurance Investable Assets in Asia to Experience Visible Progress in 2015

According to the global analysis reports by Cerulli Associates Asia Pte Ltd., there will be a remarkable growth in the assets of the life insurers in the largest markets of Asia. It has been reported that their investable assets will grow about 15% in the year 2015 and will hit 2.4 trillion USD.

November 1st, 2014

Number of life insurance policies is down, who is to blame

According to some of the more recent pools numbers of life insurance policy holders have gone down by over a 10% since 2004. At first glance this may seem odd but life insurance has lost its spot as one of the priorities in Americans lives. The consequences of this may not be relevant to some, but how often do we think about wealth fare of those we live with?

© 2019 LifeInsuranceGroup.com
Life Insurance Quotes for All Occasions. All Rights Reserved.