HONG KONG (Reuters) - Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region’s insurance sector. FWD, controlled by Richard Li, the entrepreneur and son of Hong Kong’s richest man Li Ka-shing, made headlines earlier this month with the $3 billion purchase of Siam Commercial Bank’s life insurance unit in Thailand, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc - a deal worth about $300 million, according to a person familiar with the matter. Having spent more than $6 billion on...
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Life insurance is a shining savior to many that are going through difficult times. With many different factors having to be considered, dealing with the stress of a possible accident taking one’s life can leave a mountain of worry on one’s shoulders. If the person has multiple members in their family, such as children and a spouse, their death could easily spell the decline of a safe and affordable living for the family left behind. Because of this, making sure that the life insurance policy is active and constantly protecting the insured is an extreme priority. Things such as making sure all the paperwork is in order, and the policy has not lapsed is important. Bankers Life...
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BANKERS LIFE INSURANCE COMPANY (of Des Moines, Iowa), Appellant, v. Loren H. LAUGHLIN, Director of Insurance, etc., Appellees, Aetna Life Insurance Company et al., Interveners-Appellants. In the Matter of Taxation of Annuities, Appeal of Bankers Life Insurance Company (of Des Moines, Iowa), etc. Supreme Court of Nebraska. Clarence S. Beck, Atty. Gen., Ralph D. Nelson, Asst. Atty. Gen., for appellees. Heard before SIMMONS, C. J., and CARTER, MESSMORE, YEAGER, CHAPPELL, WENKE and BOSLAUGH, JJ. This is an appeal from an order of the Director of Insurance holding that considerations received from annuities by life insurance companies licensed to do business in this state are to be reported and...
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Life Insurance Life insurance is designed to protect your family’s financial security after your end of life by paying out a sum of money upon your passing. Liberty Bankers Insurance Group offers a variety of whole life insurance plans with optional riders that helps customize the financial protection for you and your family. We offer two primary categories of life insurance coverage, as follows: Final Expense Life Insurance While most people don’t like to talk about end-of-life issues, it is important to plan for them. Our products are specifically designed to cover final expenses and offer additional protection for risks such as loss of income, mortgage cancellation, education...
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Bankers Life & Casualty Co. Bankers Life & Casualty Co. is a national insurance provider that specializes in products for senior citizens and the retirement market including the sale of deferred annuities and long term care insurance. Bankers Life and Casualty Company touts itself for having a significant amount of retirement products for senior citizens. According to Wikipedia, the company’s denial of claims and practices have come under scrutiny in recent years. The company also came under investigation by regulators and had to pay a settlement to insurance regulators after they found that Bankers Life failed to resolve problems with its claim practices. In Illinois a...
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RATE INCREASE: Act now! 4.10% – CBLA 7 3.80% – CBLA 5 3.10% – CBLA 3 In addition to the guaranteed interest rate*, these Single Premium Multi-Year Guaranteed Rate Annuities also provide: 10% free withdrawals after the first year This is a limited distribution product, so call your Annuity Sales Consultant for access to one of the most competitive guaranteed solutions available. For more information call 800.992.2642 Product from Colorado Bankers Life Insurance Company® Products and services are underwritten and/or provided by Colorado Bankers Life Insurance Company® (Durham, NC), licensed in 49 states (excluding New York), the District of Columbia, and Puerto Rico. Guarantees are backed by...
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Liberty Bankers Life No Exam Life Insurance Review Liberty Bankers Life No Exam Life Insurance Review Although Liberty Bankers Life was originally founded in 1958 as Royal Oak Life Insurance Company, the company went through several purchases before it was sold to Heritage Guaranty Holdings in 2004. Heritage then moved the company to Oklahoma and its new management team significantly expanded its product line. Finally, at the end of 2011, Liberty Bankers Life separated from its former parent company and is currently owned by Liberty Life Group Trust, a Texas holding company. Because the company was restructured and reinsured about $500 million of its annuity business, the company’s rating...
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MANILA BANKERS LIFE INSURANCE CORPORATION, petitioner, vs. EDDY NG KOK WEI, respondent. Before us is a petition for review on certiorari assailing the Decision of the Court of Appeals in CA-G.R. CV No. 40504, entitled Eddy Ng Kok Wei vs. Manila Bankers Life Insurance Corporation. The factual antecedents as borne by the records are: Eddy Ng Kok Wei, respondent, is a Singaporean businessman who ventured into investing in the , respondent, in a Letter of Intent addressed to Manila Bankers Life Insurance Corporation, petitioner, expressed his intention to purchase a condominium unit at Valle Verde Terraces. , respondent paid petitioner a reservation fee of 50,000.00 for the purchase of a 46-...
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OLDWICK, N.J.--( BUSINESS WIRE )--A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bb+” and affirmed the Financial Strength Rating of B (Fair) of Bankers Life Insurance Company (Bankers Life) (St. Petersburg, FL). In addition, A.M. Best has placed these Credit Ratings (ratings) under review with positive implications. These actions follow the announcement that Bankers Life has been acquired by Southland National Holdings, Inc. (SNH), a member of the Eli Global family of companies, from Bankers Insurance Company (BIC), whose ultimate parent is Menke 2013 Trust. Following the acquisition by SNH, Bankers Life was transferred to a newly formed holding...
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BOZEMAN, Mont., Feb. 5, 2018 /PRNewswire-PRWeb/ -- Colorado Bankers Life Insurance Company (CBLife) and WealthVest are working together to meet the needs of customers and provide them with insurance products to help with protection for today and asset accumulation for tomorrow. CBLife has entrusted WealthVest with the distribution of its Multi-Year Guarantee Annuity available in banks and broker-dealers for clients seeking safety and fixed income alternatives. Highly competitive, the CBLife Multi-Year Guarantee Annuity is positioned with rates as high as 3.25% for five years. CBLife's Multi-Year Guarantee Annuity is designed for consumers who are looking for competitive guaranteed rates,...
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