It’s a new year, and a new beginning as people say goodbye to 2014. We hope it was a prosperous and sound year for all.
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.
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.
As per the recent report by the treasurer of Oklahoma; in US alone, life insurance policies of worth at least $1 billion are still unclaimed. This means that the lifelong investments that many individuals made for their beloved ones are still waiting to be claimed.
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?
We’re all well aware of the importance of life insurance policy. We buy them from various reasons, we have a neighbor who passed away in his 30’s and left his family with too many bills to pay, we have purchased a house and need to cover for mortgage, maybe one of our relatives died too soon and no one could care about his children.
We’re all aware of the importance of life insurance and its benefits. In short, their main goal is to provide financial security to those dependent on us, usually family members and those close to us. The thing is, we rarely think about ourselves when buying life insurance, which usually comes in form of term policies to cover for our short term goals. Those among us who would like to have more than just coverage for mortgage or security in knowing that our kids will have enough for collage should look at non term options – those types of life insurance have a financial value that can be used in time of need.
We all need life insurance and the one that we usually choose is term life. All pools and studies say that this is the number one life insurance sold in USA. The reasons behind this are – its simplicity (it provides basic coverage) and its price (cheapest form of life insurance). This may be news to some, but there are other insurance products that can offer more and are also adjustable and flexible to suit all our needs and changes throughout the life. Whole, universal and variable policies can provide more than just basics.
One of the Massachusetts dominant insurance companies working in non-life insurance sector is ready to launch its life insurance programs. Company is part of MAPFRE USA and is best known for its services in auto insurance.
There are some rumors that insurance companies won’t be paying up the money to the families of people who lost their lives on Malaysian flight MH17 which went down over Ukraine last month. The reason – their deaths could be considered as the act of war. Should this rumor become reality?Most life insurance policies holders will probably think twice if they wish to continue paying for their life insurance unless some additional details are cleared out.
Despite lack of evidence that people who have donated a kidney are at increased health risks, such people can be faced with health insurance challenges. A new study published in the journal American Journal of Transplantation and say that insurers’ actions may have a negative impact on live kidney donations. According to the study, the actions could discourage people willing to donate kidneys.
Life Insurance policies are bought so that members of the family have strong financial footing, even after the death of the insured. Insurance Po...