DES MOINES, Iowa, Sept. 9, 2020 /PRNewswire/ -- Wink, Inc. released the second quarter, 2020 life sales results in its 92 edition of Wink's Sales & Market Report. Wink's Sales & Market Report is the insurance industry's #1 resource for life insurance sales data, since 1997. Non-variable universal life sales for the second quarter were $642.0 million ; down 16.6% when compared to the previous quarter and down 27.5% as compared to the same period last year. Non-variable universal life (UL) sales include both indexed UL and fixed UL product sales. Noteworthy highlights for total non-variable universal life sales in the second quarter included Pacific Life Companies retaining the #1...
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You must be familiar with the concept of joint bank accounts where married couples, parents and children or business partners own a single bank account in their names. Similarly, there is a concept of joint application in case of loans where two or more individuals can apply for a single loan. In the life insurance context, there is a concept of joint life insurance plans. Many of your customers are unaware about these plans and so joint life plans are not very popular. Moreover, your clients also don’t understand the relevance of such plans and don’t choose it. What about you? Do you, as an insurance distributor, know what joint life plans are and when they suit your clients’ needs? What...
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A non-quantitative illustration of the future performance of the world’s investment markets, featuring a bear market bear wrestling with a bull market bull. (Credit: Shutterstock) The Employee Benefits Security Administration (EBSA), an arm of the U.S. Department of Labor, is about to enter a world next to your world. EBSA is about to require sponsors of 401(k) plans and other retirement plans to give the participants statements illustrating how the plan accounts are likely to perform. The statements will show the participants how their plan assets may translate into a monthly stream of income at retirement. In other words: The United States has life insurance policy performance...
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SINGAPORE (PRWEB) August 18, 2020 Element AI, a global developer of artificial intelligence-powered (AI) solutions and products, today announced the Indian insurer Edelweiss Tokio Life Insurance, as its newest client. Launched in 2011, Edelweiss Tokio Life has quickly become an important player in India’s life insurance market as one of the most innovative insurers with a product offering that fits today’s customer expectations. The Element AI team will work closely with Edelweiss Tokio Life to create an actionable roadmap for strategic AI deployment for the company, which will ultimately support a detailed AI transformation plan. This work will utilize unique learnings and insights from...
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ARLINGTON, Va., Aug. 19, 2020 /PRNewswire/ -- Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products, launches a COVID-19 Relief Scholarship, an extension of its annual Life Lessons Scholarship Program, to provide financial aid to college or college-bound students in the U.S. who have experienced the death of a parent or guardian due to COVID-19 with little or no life insurance in place. The loss of a parent or guardian is one of life's most difficult hardships – and has become a reality for many families through COVID-19. A college education is already a major financial challenge for most American families, but with over...
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HONG KONG and SHANGHAI, July 27, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter " Ping An " or the "Group", HKEx:2318; SSE:601318) is pleased to announce that agreements have been signed with Shionogi ( Hong Kong ) Company Ltd. ("Shionogi ( Hong Kong )"), a wholly owned subsidiary of Shionogi & Co., Ltd. ("Shionogi") to launch joint ventures in Shanghai and Hong Kong, namely Ping An-Shionogi Co., Ltd. and Ping An-Shionogi ( Hong Kong ) Limited . The establishment of the joint ventures will enhance the level of health and medical care service in China, in line with Ping An's healthcare ecosystem strategy. Ping An-Shionogi Co., Ltd. is registered in...
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Life Insurance Corporation (LIC), the country's largest life insurance company, which offers insurance policies like term insurance plans, endowment plans and money back plans also offer pension plans. LIC's Jeevan Shanti Policy plan is one of the pension plans being offered by the state-run insurance corporation. LIC Jeevan Shanti policy is a single premium plan wherein the policyholder has an option to choose an immediate or deferred annuity or pension, LIC said on its website www.licindia.in. LIC Jeevan Shanti policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings, LIC added. (Also Read: Planning To Buy LIC Policy? Here Is...
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Tell Me More Right now, look around your home and picture it without you. If something happened to you or your spouse , is your family in a position to maintain their current lifestyle? Sure, you try to put away a little money for a rainy day. But it's tough. The dollar just isn't what it used to be and your family needs money to survive. Fortunately, Military Officers Association of America (MOAA) has a solution with the Military Officers Association of America (MOAA) "2-in-1" Joint Term Life Insurance Plan. What is the Military Officers Association of America (MOAA) "2-in-1" Plan and how does it work? The Military Officers Association of America (MOAA) "2-in-1" Plan is a Joint Group Term...
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Malawi’s leading insurance service provider, NICO Life and Medical Aid Society of Malawi (MASM) have launched a joint funeral scheme in which MASM clients will from July 1 enjoy funeral cover of up to K1 million, up from K300 000. The signing ceremony by Chikoti (right) and Chapola Done deal by the two companies Named Dekhani (Keep Calm), the K1 million cover is for VIP Scheme members while K750,000 is for Executive Scheme and K500,000 for ECONO Plan. The benefits will be paid immediately death occurs in the form of a service provided by MASM partners, Goodwill Funeral Services and other funeral service providers, that include a coffin, embalming services and transportation by road to any...
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The end of the financial year is when insurance companies change hot seats. New CEOs usually appear in the first half of the next year. A leading life insurance company in Vietnam is about to have a new general director. The information has not been officially announced because it is still waiting for the approval of the Ministry of Finance. Notably, this new leader is the one that previously held the position of deputy general director and is Vietnamese. Previously, in the first week of April, FWD Group announced that it had received the statutory approval for the acquisition of Vietcombank Cardif Life Insurance Company (VCLI) a joint venture between Commercial Joint Stock Bank for Foreign...
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