Life insurance can help families that could struggle financially if a family member dies unexpectedly by replacing lost income or providing funds to beneficiaries to pay living expenses. A recent survey from the National Association of Insurance Commissioners (NAIC) found that over half of survey respondents believe that if they died within the next 10 years, their beneficiaries would depend on their life insurance payout to meet their financial obligations. This Life Insurance Awareness Month marks an opportune time for Massachusetts residents who have purchased a life insurance policy or are considering purchasing a life insurance policy to review their circumstances and decide whether...
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Global Disability Insurance Market 2020-2025 Industry research report is an in-depth and detailed study on the present situation of the Global Disability Insurance industry by focusing on the worldwide market. Additionally, this report presents a basic outlook, share, size, growth, dynamics, competitive analysis, manufacturers and global business strategy & statistics analysis. This report is segmented on basis of product type, end-user, application and geographical regions. The global Disability Insurance market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx...
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Why are so many Americans still reluctant about purchasing life insurance? Roughly one in five American shoppers say a reason they have not bought more life insurance is because they have other financial priorities right now. Clearly, there is still a significant need for people to build more financial reassurance into their portfolios by adding life insurance, but there is a gap in their understanding of how they may be able to achieve multiple goals through today’s innovative insurance products. That’s why it’s so important for financial professionals to realize the possibilities available via products like FIUL, which can help their clients get the death benefit...
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NEW YORK--( BUSINESS WIRE )--New York Life today announced the appointment of Natalie Lamarque as the company’s General Counsel. In this role, Ms. Lamarque will have day-to-day oversight of the Office of the General Counsel which includes the insurance and agency, investments, corporate practice, and tax teams. Ms. Lamarque will also join New York Life’s Executive Management Committee and continues to report to Chief Legal Officer Sheila Davidson. Previously, Ms. Lamarque served as Deputy General Counsel, responsible for overseeing litigation and the legal responsibilities for the investment, asset management, technology and intellectual property areas. She also chaired the company’s...
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U.S. insurtech Haven Life announced on Tuesday it is rolling out a new 100% no medical exam product that can be sold directly through partners. Haven Life reported that banks, advisors, insurance brokers, etc. may now offer the product, Haven Term Simplified, to clients who prefer a no exam term life insurance buying experience. According to Haven Life, the product was issued by MassMutual subsidiary C.M. Life and is designed with an array of partner needs, notably featuring easy plug-and-play API capabilities, an advisor portal for tracking application (or applicant) status and commissions, and Haven Life’s digital buying experience. Haven Life further reported that Haven Term...
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How to get cheap life insurance Consider an income policy instead of a lump sum. Most people know that life cover pays out a lump sum if you die. But far less know that you can buy cover that pays a regular tax free income instead of a lump sum. Itís official name is Family Income Benefit and is often cheaper than the more common Level Term lump sum payout option. So why would an income be better than a lump sum? 1) Many people who take out a life insurance policy simply want to provide an income for their family to replace the earnings lost if they died prematurely. But many policies are bought with a lump sum benefit requiring the surviving family to find a suitable savings or investment...
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Voting is open online until May 29th. The fifth annual Efma-Accenture Innovation in Insurance Awards will be revealed at a virtual awards ceremony on June 17th. The Efma-Accenture Innovation in Insurance program is a joint initiative that aims to reward the most innovative distribution and marketing projects developed by insurance companies across five continents. Efma members and non-members from financial institutions have until May 29th to vote for the winners of this year’s edition. “Just as insurers are creating ecosystems for their customers and products, we have our own unique ecosystem that provides a great opportunity for these companies to showcase their innovations,...
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Indexed and Whole Juvenile Life Insurance Market 2018: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024 The report provides both quantitative and qualitative information of global Indexed and Whole Juvenile Life Insurance market for period of 2018 to 2025. As per the analysis provided in the report, the global market of Indexed and Whole Juvenile Life Insurance is estimated to growth at a CAGR of _% during the forecast period 2018 to 2025 and is expected to rise to USD _ million/billion by the end of year 2025. In the year 2016, the global Indexed and Whole Juvenile Life Insurance market was valued at USD _...
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Life insurance can be as easy as L-I-F-E. Pondering life insurance can swiftly flood your mind with questions. How much do I need? What does life insurance do? How much will it cost? Where do I begin? Life isn’t always easy, but life insurance can be. Spelling out L – I – F – E uncovers our hidden path to answer some of the most common questions. Liabilities – Pay off outstanding financial obligations with the policy proceeds. Think about any debts you have, including items such as your monthly mortgage and car loans. List these items and the balances due. Income – Use the benefits from life insurance as an income replacement vehicle. Consider how much income would be needed and how long it...
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When it comes to protecting one’s loved ones, there may be no more important step one can take than taking out a life insurance policy. But with so many different companies offering so many seemingly different products, how are we even supposed to know where to begin. Firstly let’s explain some basics of this type of insurance and then we’ll move onto some of the best tips to help anyone out there shopping around for life insurance. There are two primary channels through which one can get life insurance; namely online self-service and via a registered financial advisor (broker). Online Self-Service: Online self-service refers to online companies on whose websites one can...
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