As the COVID-19 pandemic sweeps across the world, consumer behaviour around life insurance cover is changing fast. While some aspects of the new behaviour patterns are driven by lockdown-related restrictions, others are directly due to the way people are reacting to an uncertain future. One clear trend across the world has been an increased demand for online life assurance and related products. While some increase in demand, driven by increased fear and uncertainty, may have been predictable, the sheer scale of the increase has been remarkable – especially when one considers the extent to which economies are shutting down and disposable income is disappearing. For example, Cape Town-based...
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Since its introduction in 2009 by Trans World Assurance, the Future First Universal Life Insurance policy has seized an overwhelming amount of the company's new business with a majority of that business coming from Military members. Agents of Trans World Assurance, many of whom are Military veterans, recognize the popularity of the Future First product and have also expressed their preference for it. "The response that I've received from Military members in regards to Future First is exciting," said Peter Gilbertson, a long-time agent of Trans World Assurance. "As an Air Force veteran, I understand why they like this product so much. It was designed for them and addresses their needs as...
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Additional information 1. There is no clear distinction between the terms. In the nineteenth century the term ‘assurance’ was usually deployed to refer specifically to life assurance, whilst the term ‘insurance’ referred to other forms or the insurance industry in general. The usage in this paper follows this pattern. 2. In some European countries, notably France, life insurance was widely condemned by theological opinion and rendered unlawful in the Marine Ordinances of 1681. As the author of the commercial manual Le Guidon put it life insurance contracts are ‘against good morals and customs, and give rise to an infinity of abuse and deceit, for which they have been constrained, abolished...
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Calculating your premium has never been easier! No more waiting in telephonic queues or leaving the comfort of your home. Sacos brings you convenience at the tip of your fingertips. No more guessing at how much you’re going to have to pay, just head over to our website, crunch in the numbers and get an answer instantly! A Sacos exclusive feature for a unique life insurance plan! It calculates the premium you will have to pay based on the information you provide on the following: Sum assured (the amount you want to receive upon maturity) term years (the length of time of the policy until maturity) premium option (you can decide between a monthly, quarterly, half-yearly or yearly payment)...
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Life Assurance | Life Insurance Article published on 20th May 2007 Life Assurance Explained In recent years the definitions of life assurance and life insurance have become increasingly blurred and often now refer to the same contract. At one time life assurance was a term used to describe a policy that would defiantly pay out so long as the premiums were kept up to date; two examples of this are endowments and whole of life policies. An endowment runs for a set number of years and pays out a lump sum upon event of death or maturity of the contract, whereas a whole of life policy runs for life and will pay out a lump upon death. The alternative to these 'life assurance' policies is a 'life...
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Buying term life assurance online You can get term life insurance quick and easy by buying it off the internet. Term life insurance is simple and easy to obtain, as long as you know where to find it. You can even scout for the best deals by asking for quotes from different sources. Here’s a quick rundown of a term life insurance product. Term life insurance is a simple policy, which provides highly affordable cover. You pay premiums for coverage for a specific period. If you die within that period, your beneficiaries will get the sum insured. There is no cash value so when the policy term ends, you can either opt to let it expire (at which point the coverage ends and there are no...
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Welcome to our dedicated area for Clients! OneLife is a leader in the provision of digital services. As part of our digital transformation launched in 2016, we strive to offer online services which facilitate your everyday interactions between you, us and your financial intermediary so making policy management an easy and intuitive experience. yourassets The OneLife secure online platform yourassets gives you, our clients, access to your life assurance portfolios in real time, 24/7, 7 days a week! Consult portfolio balances, follow transactions and other policy operations around the clock – all designed to keep you up to date on the life of your clients’ policies. To access this service,...
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Women using a smartphone in the display and technology advances in stores. Take your screen to put on advertising. Nexus Group in the Middle East has teamed up with Zurich International Life to allow UAE residents to purchase life insurance online without the need for a medical check-up. The new product, called YourLife, will supply applicants with a policy schedule immediately with no requirement to meet with an adviser. Tarun Khanna, chief executive of Nexus described the new product as “a market leading innovative proposition”. “Until now customers in the UAE haven’t been able to purchase life assurance online. YourLife changes this landscape by providing instant peace of mind for...
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Increase of Total and Permanent Disability (TPD) Limit up to RM10 million per life As part of our continuous efforts to enhance our customers’ insurance plan benefits, we are pleased to announce the TPD benefit limit will be increased to RM10,000,000 per life for all new and in-force policies (excluding Group policies) effective from 06 October 2017. All other features and benefits as well as terms and conditions of the insurance plans remain unchanged. For any question on the increase in TPD benefit limit, please refer to the Frequently Asked Question (FAQ) for more information. Extension of Medical Rider Coverage up to Age 99 Years Great News! Customer can now enjoy an extension of their...
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My Accounts Access My Accounts on give you immediate online access to your personal account information for life insurance & fixed annuities and variable annuities 24 hours a day, seven days a week. Through My Accounts, you are able to: View policy information for whole life, term life, and accident insurance Access contract information for fixed and variable annuities Submit personal account information changes such as name, address, phone, and Social Security Number Request a duplicate policy/contract Submit death and disability claims Find quick answers to frequently asked questions about My Account services Chat online with a Live Help Customer Service Representative Contact us via...
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