North Carolina life insurance customers may pay higher premiums unless the Cooper administration reverses course on renewable-energy tax credits. That’s what the American Council of Life Insurers said in an Aug. 28 letter to Ronald Penny, Gov. Roy Cooper’s revenue secretary. ACLI regional Vice President Curtis Leonard said the Department of Revenue’s September 2018 decision rejecting tax credits for some partnerships set up in North Carolina “has created an environment of investor uncertainty and has rapidly eroded the confidence of life insurers that invest regularly in North Carolina’s economy.” “For the Department to retroactively deny the General Assembly’s promised tax credits...
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has released a new blog post presenting 3 important advantages of having no medical exam life insurance. Purchasing life insurance without taking medical examinations is a convenient and fast way of getting life coverage. Having life insurance is important for the safety and well-being of vulnerable family members. Life insurance proceedings will be paid to the insured’s beneficiaries and they can use the money to cover important expenses, including funeral expenses. No medical exam life insurance plans have the simplest underwriting process. This means that the agency will not be interested in many details when determining the rates. Clients can qualify for a plan by completing an...
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The newlywed who murdered her husband in an attempt to collect his $100,000 life insurance policy, only to find out his ex-wife was still the beneficiary, has been convicted of aggravated murder. Uloma Curry-Walker, 45, could face a lifetime sentence without parole for soliciting the killing of her husband, William Walker, whom she had married just four months earlier. According to Cleveland.com, Curry-Walker asked her then-17-year-old daughter and her boyfriend to find someone to kill her husband, a Cleveland firefighter. The reason: she panicked after racking up tens of thousands of dollars in debt. She believed her new husband’s life insurance policy could bail her out of her...
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If your vehicle is submerged in water, do not try to clank or push start the engine. Instead, inform your insurer and let it tow the vehicle and examine the damage. Insurers to initiate quick disposal of claims for flood victims 2 min read . Updated: 12 Aug 2019, 04:01 PM IST Disha Sanghvi Insurers have been asked to fast track the claims settlement process by appointing nodal officers in the flood-hit regions and by setting up toll-free numbers Policyholders must intimate the insurer about the loss immediately either by writing or calling on the toll-free number This year’s floods have already claimed many lives across the states of Kerala, Karnataka and Maharashtra and many people are...
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Column: Prudential pulls a fast one on long-term care insurance policyholders Buying long-term care insurance isn’t an easy decision. It’s an increasingly pricey product that requires you to look way down the road, to the possibility of shelling out big bucks for a nursing home or some other form of assisted living. The last thing you want to worry about is having your insurer pull a fast one on you after you sign up for coverage. But that’s what Prudential has done, making a sneaky change to policyholders’ long-term care coverage. At issue is what’s known as an “inflation protector,” which allows policyholders to boost the amount they’ll be able to pay for future nursing-home care in...
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The situation: Group corporate plan insurance policies are by their very nature complex. While the plans may have a common framework, there are hundreds of major and minor variations in the master policy definitions that include Death, TPD and IP, as well as combination covers like Death and TPD. Traditionally the group insurance industry has supported and managed hundreds of corporate plan schedules using just documents, pdfs and spreadsheets. This made for a highly complex and laborious process with limited ability to perform complex financial calculations, avoid manual mistakes, or leverage data insights. For one of Australia’s largest financial services companies, these manual processes...
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max-life-fast-track-super-plan:ulip plan Introduction/Overview Max Life Fast Track Super Plan is a Unit Linked Insurance plan providing the dual benefit of capital appreciation through market linked returns and life insurance coverage. Key Features It is a unit linked insurnace plan with Single Pay, Limited Pay and Regular Pay option of premium payment Guaranteed Loyalty Additions are added in Regular pay plans There is an option of Systematic Transfer plan (STP) which utilizes the concept of rupee cost averaging Under the STP option, the premium net of charges is first allocated to Secure Plus Fund and every month thereafter, a portion of the fund is transferred to Growth Super Fund Under...
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FAST FACTS • The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. • It is widely known through the “You’re In Good Hands With Allstate®” slogan. • Allstate provides insurance products to approximately 16 million households. • Allstate brand auto and homeowners insurance products are sold primarily through Allstate exclusive agencies, with sales and service supported through call centers and the Internet. • Encompass brand auto and homeowners products, largely sold in the form of a package policy, are sold through independent agencies. • Esurance brand products are sold directly to consumers online and through call...
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Two industry leaders integrate software to dramatically change the way insurance is sold and managed FAST, a leading provider of componentized software for the life and annuity industry, and Insurance Technologies, a prominent provider of sales automation software for the financial services industry, announced today a strategic partnership between the two organizations. The partnership brings integration between FAST's componentized life insurance platform and Insurance Technologies' SaaS electronic application solution, FireLight®. The initial phase of this comprehensive integration project enables a straight-through sales process between an insurance carrier and their distributors via...
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How Fast Is Your Life Moving? Ferris Bueller said, “Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.” That’s good advice, both in life and in financial matters. And Ferris isn’t the only one who believes it. You may know professional race car driver Danica Patrick for her ground-breaking career on the racetrack. But this September, she’s also promoting the power of life insurance as the spokesperson for Life Insurance Awareness Month, a month-long industry-wide campaign aimed at educating Americans about the importance of life insurance and helping them get the coverage they need. Her message is simple: "Driving race cars is risky. Not having...
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