The life sector has moved swiftly from being a new 'nice-to-have' in the Bermuda marketplace, to the Island's latest big success story, said a panel at the Bermuda Risk Summit. The question isn't why life insurers have come to Bermuda, but rather why others haven't yet, Brad Adderley, office managing partner...
Finding the right life insurance plans for your needs can be complicated. There are many options, and the right one for you depends on a variety of factors. Considering life insurance options can also be stressful and emotional. It may be tempting to tell yourself you’ll get to it another day, but preparing for unexpected events is a key part of a holistic financial plan. The good news is that you don’t have to struggle to figure it out on your own. At Good Life Financial Advisors of NOVA, we can work with you to help you find the answers to your life insurance questions. Do You Need Life Insurance? The first question to ask is whether or not you need life insurance. Perhaps...
Is Life Insurance From Your Employer Good Enough? Many employers offer life insurance for their staff, but is it all it's cracked up to be? Or would you be better off getting a personal plan catered to your needs? In this guide, we're looking at life insurance from your employer and whether it's good enough to meet your needs. New job, new policy So you’ve landed a brand new job, and one of the employee benefits is a life insurance policy. You always thought that getting life insurance was something you probably should do, but now it’s taken care of for you. Great stuff! Or is it? While it might seem like a work-provided life insurance policy is something to celebrate, you...
AAA offers a good variety of term, whole and universal life insurance policies, and you don't need to be a member in order to purchase. Plus, the company offers no-exam alternatives for its term and whole life insurance policies — though you'll be limited to a much smaller amount of coverage with somewhat higher rates. One of the few elements missing from AAA's portfolio of life insurance policies is traditional whole life insurance, so you would need to look to other insurers for policies over $25,000. And though the company receives strong financial strength ratings and few complaints, reviews of its post-purchase customer service are mixed. AAA term life insurance AAA offers a...
Alm. Brand A/S - Interim report Q2 2020 Very satisfactory financial performance in Q2 2020 with a pre-tax profit of DKK 371 million, against DKK 145 million in Q2 2019. Positive contributions from the individual business areas as well as from the group’s portfolio of investment assets. Overall, Alm. Brand navigated the special situation caused by COVID-19 well and, on this basis, accelerated its development of digital customer interface solutions. The implementation of the changes announced in connection with the release of the 2019 financial statements is progressing as planned, and the ambitious financial targets for growth and profitability defined for the period until 2022 are...
Insurers are increasingly offering insurance against loss of income to people who make a living from work that previously was excluded from cover. You now have to have quite an unusual or dangerous occupation to be excluded, and even then, you can get what is known as impairment cover. John Kotze, Old Mutual’s head of retail protection solutions, says certain jobs have traditionally been regarded as too risky for insurers to offer an ongoing monthly income replacement benefit if you are disabled. He says Old Mutual has a very comprehensive list of over 1,000 occupations, and on the current list, just over 10% of these jobs are excluded from this kind of cover. Fitness instructors, drivers,...
Even without being misled by agents, there are ways through which policyholders have been misled and mis-sold insurance policies. Hence, policyholders should always ask questions, carefully read the proposal and final documents of the policy, and beware of fake promises made before signing off. With the spread of the pandemic, more and more people have started opting for insurance, mostly health and life insurance. In India, quite a large number of insurance products are sold through brokers and agents. Even though some brokers and insurance agents may be well-intentioned, most are seen making fake promises to policyholders to get their way. Mostly, buyers with limited knowledge about...
Isn’t life insurance only for the younger generation? All insurance policies are set-up to provide a primary function, to cover expenses should anything happen to you or your property. And while no-one wants to be in the position to claim on the insurance, it’s good to know that a safety net is there. There are now a substantial number of well-known insurance brands who have designed life insurance policies for the over-50s, and indeed some provide cover for people 85 years young and above. So how does an over-50s life insurance plan work? Although designed specifically for the over 50s, the plans work like a regular life insurance policy – you pay the agreed monthly premium. When you...
What is a joint life insurance policy? Life insurance often becomes a consideration once you start a family. When you are looking to cover both yourself and your partner should either one of you have a tragic accident, surely it would save money and make more sense to have some sort of joint cover rather than two individual policies? Well, yes, that might definitely be the case! A joint life insurance policy is one of many types of life insurance that exists to provide the perfect cover for you and your family. The many different faces of life insurance No two life insurance policies are ever identical . A good life insurance package to protect your family is tailored around your...
Recently, Robin Spencer, NN Group’s CEO International Insurance, was interviewed by the Czech Republic’s daily newspaper, Právo. In the interview he offers his vision on the Czech life insurance market and on NN Czech’s strategy for coming years – that is, ‘returning to our roots’. Please read the English translation below or download the PDF article in Czech. 'One of the typical features of the Czech life insurance market is the low insurance penetration. Compared to other European countries, people here spend significantly less money on life insurance. On the other hand, according to Robin Spencer, CEO Insurance International, NN Group, this fact presents interesting potential for the...