NEW YORK, May 28, 2020 /PRNewswire/ -- As the coronavirus pandemic continues to impact everything from the economy to daily life, worries over personal safety have driven 83 million Americans to consider buying life insurance or increasing their life insurance coverage, according to a new survey from by LendingTree. 1 in 4 Americans say COVID-19 has increased their interest in life insurance, with men more likely to agree than women. 38% of men said they want to buy life insurance or increase their life insurance coverage, compared to just 14% of women. Most people already have some life insurance, but many aren't sure what it actually does. While 65% of all respondents said they already...
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Pan-American Life Insurance Company, compañía líder en seguros internacionales que ha prestado servicios de seguros de vida, beneficios en el centro de trabajo y servicios financieros durante más de 95 años, anunció en el día de hoy el nombramiento del Sr. Eugenio Magdalena como su nuevo Vicepresidente Ejecutivo Internacional. El Sr. Magdalena, quien radicará inicialmente en Panamá, estará al frente de los negocios de Pan-American Life en Latinoamérica, incluyendo las divisiones International Dollar, Bancassurance y Desarrollo de Productos. Nacido en España, el Sr. Magdalena cuenta con más de 22 años de experiencia al frente de operaciones de seguros de vida, de accidentes y salud en...
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The net worth of white households in the U.S., at $190,000, is ten times larger than that of African American households at $19,000. Differences in life expectancy between white and black Americans are also striking. After an African American male reaches age 50, he has a remaining life expectancy of 27.2 years, six years less than a white female. African Americans are significantly more likely to die during their working years relative to whites. More than 12 percent of African American males who reach age 50 die within 10 years, double the rate in the entire population. In standard economic models, differences in life expectancy contribute to differences in wealth accumulation and...
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El Vicepresidente Ejecutivo y Asesor Legal de Pan-American Life Insurance Group, Patrick Fraizer, se Jubila NEW ORLEANS--( BUSINESS WIRE )-- Pan-American Life Insurance Group (PALIG), proveedor líder de seguros y servicios financieros a través de las Américas, anunció hoy que, Patrick Fraizer se jubilará el 31 de marzo como Vicepresidente Ejecutivo, Asesor Legal y Secretario Corporativo. José Corrada, Asesor Legal Adjunto de PALIG, ha sido promovido a Vicepresidente Senior y asumirá la función de Asesor Legal y Secretario Corporativo. "Pat se ha estado preparando para este momento y durante todo el tiempo que desempeñó su cargo, construyó una base sólida para que nuestras funciones...
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Kofax Solution enables leading insurance to process 7,000 insurance claims a week. The situation Be careful what you wish for. In 2002, when Pan-American Life Insurance Company introduced Worksite, a line of supplementary health, life and disability insurance for workers, the New Orleans-based mutual company expected they had a few years to keep records on paper and process claims by hand. In a pleasant surprise with a few less-than-pleasant implications, Worksite’s sales far exceeded projections. The challenge As a result, in only two years, the volume of claims grew to 7,000 per week, and claims processors struggled to keep up. You never want to complain about success, said Deborah Tatro...
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After the Civil War, the United States searched for ways to redefine itself. But by the 1880’s, the hopes of Reconstruction had dimmed. Across the United States there was instead a push to formalize and legalize discrimination against African-Americans. The effort to marginalize the first generation of free black Americans infiltrated nearly every aspect of daily life, including the cost of insurance. Initially, African-Americans could purchase life insurance policies on equal footing with whites. That all changed in 1881. In March of that year Prudential, one of the country’s largest insurers, announced that policies held by black adults would be worth one-third less than the same...
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Relationships can sometimes start out tense, but be mutually beneficial in the end, making things better for those involved as well as the people and communities around them. That was the case over a century ago between MassMutual and the “father of American life insurance.” The answer is Elizur Wright, a 19th century American who started out his career as a mathematician and inventor and earned an early reputation as an outspoken abolitionist. How he became the father of insurance can pretty much be traced to one event, according to his biographers. It was a public auction of old, sick men in London in 1844. These men could no longer afford the premiums on their life insurance policies....
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Affordable Life Insurance To hold an American life insurance policy is a freedom that Americans enjoy as part of their daily lives and as such, we have so many choices that it becomes completely and utterly mind boggling at times. Other nations around the world are not as lucky as we are and they do not offer a wide range of policies to their citizens as are offered here. Insurance companies offer more options to their customers than any other country in the world and that sometimes makes it a bit more complicated for people to weed out what they need in a policy and what they don’t need. Insurance sector has become far more competitive. The situation is different to what it was ten...
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Life Insurance: There’s Something For Everyone Life insurance now is not the life insurance we once knew. Parents or grandparents can purchase life insurance at a minimal cost for their newborns, children, and grandchildren because of their young ages. By continuing to pay the same, level premium, over their lifetime, the cash accumulation can build and compound. Life insurance, purchased for young children or grandchildren, may provide lifetime benefits that few of us may realize. As your 1-year-old approaches college age, he or she may take a loan against the policy to help pay those education costs or to make the down payment on a first home. Loans from life insurance policies are tax-...
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This is just one story of the millions of Americans whose lives have been changed by the Affordable Care Act. This kind of change has been a long time in the making. After nearly 100 years of talk, and decades of trying, President Obama finally made affordable, quality health care for all a reality for America. Today, 20 million more adults have health insurance. Three million additional children have health insurance than in 2008. America's uninsured rate now stands at its lowest level ever. One hundred and five million Americans no longer have lifetime limits on their coverage and 137 million Americans now have a right to coverage for critical preventive services with no out-of-pocket...
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