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South African telecom operator Telkom moves into financial services

Telkom SA, the Pretoria, S. Africa-based telecommunication industry giant operating in more than 38 countries across the African continent, had expanded its offerings into a highly competitive financial services market by initiating a life insurance business what Telkom SA said would initially sell insurances for funerals. As a matter of fact, latest move from Telkom SA to tap into the financial services market came forth as mobile operators in South Africa, the most industrialized country in the African continent, has been seeking to add more than 11 million South Africans who do not possess a bank account to receive lending offers alongside other financial services in to an unconventional...

Faking your own death: How the Philippines became the global leader for a macabre trade

E ver considered faking your own death and starting out from scratch in some foreign land? No, us neither - but it does happen. And there’s a booming trade for it in the Philippines, of all places. For the bargain price of around £350, travellers can purchase “death kits” made up of documents that “prove” your demise. The process involves buying an unclaimed corpse from one of the many morgues in the Philippines that have a decent number of them. And the customers? Desperate Wall Street bankers seeking to escape debt, and men having affairs who want to leave their families, apparently. Then there’s Elizabeth Greenwood, who “died” as a tourist in the Philippines in 2013. Multiple spectators...

New Benefit Available to Help Employees with Student Loans Save for Retirement, Allianz Life

MINNEAPOLIS – July 15, 2020 – In an effort to help its employees save for their own retirement, Allianz Life Insurance Company of North America ( Allianz Life ) has announced a new benefit that will help employees with personal student loan debt save for retirement through the company 401(k) program. This new program, which launched July 1, will assist employees whose student loan payments may limit them from contributing enough to the company 401(k) program in order to earn the full 7.5% company contribution. To help ensure employees don’t miss out on the available company contribution because of student loan burden, the company will assess an employee’s personal...

Rich vs. Wealthy: What’s the Difference?, Anthony ONeal

Hold up—wealthy and rich can be two different things? That’s right. Well, technically, they have the same definition, but I’ve always seen them as being different. One of them is a long-term life goal, and the other one, not so much. Let’s break down each of these words so we can learn how to work toward being as financially healthy as possible. What Does It Mean to Be Rich? The way I see it, rich people spend a lot of money, whether they have it or not. Think about it: What comes to mind when you hear the word rich? Someone wearing designer sunglasses, surrounded by piles of cash? A mansion in Hollywood? Two people clinking champagne glasses on their private jet?...

KKR is making a big push into the $30 trillion insurance industry — here s why private equity is starting to look more and more like Berkshire Hathaway, Private Equity Insights

Private-equity firms are starting to look a bit more like insurance investor Berkshire Hathaway. KKR this week announced plans to acquire Global Atlantic Financial Group, paying $4.4 billion in a deal that, subject to regulatory approval, would place the insurance giant on KKR’s own balance sheet. It marks the next phase of PE’s move into the $30 trillion global insurance industry, as PE shops expand their relationships with insurers, taking them from limited partners to managing their entire businesses. Private-equity firms have been drawn to the permanent capital insurance giants bring to the table. Private-equity firms are starting to look a bit more like Berkshire Hathaway...

Find Missing Life Insurance Policies With This Free Tool

Few things are more painful than the loss of a loved one. After the final services, it may be tough to spend months untangling their affairs. The grieving process only gets harder when you have to grapple with missing financial information—or worse, conflicts over their final wishes. If you suspect the departed may have had a life insurance policy, you may be eager to track down the details, which is especially important if you think you could receive money as the beneficiary. Luckily, a new service from the National Association of Insurance Commissioners (NAIC) may make the search process easier. You can use NAIC’s free tool to search for missing life insurance policies and annuity...

Landlord Contents Insurance - Emerald Life

If you rent out a property then landlord contents insurance might be a good idea. At Emerald Life we provide £5000 of landlord contents insurance free with every landlord policy. Carpets. Tables. Televisions. If you are a landlord there’s a good chance you aren’t just handing your tenants an empty shell. Buy-to-let properties with a bit of furniture can be much easier to let with tenants able to move in straight away. That’s especially good for shorter term tenants like students. If you have inherited a property or otherwise been left with spare furniture it makes sense to put this to good use even if it doesn’t suit your own decor at home. Add up all these little...

Final expense insurance: What is it and should you get it?, AZ Big Media

Final expense insurance: What is it and should you get it? Business News | yesterday | Emily Roberts Insurance is a term you will hear in almost every major decision you make — setting up a business, hiring a professional electrician, buying a home, and whatnot. As its name suggests, an insurance policy protects you and assures you that you will not suffer significant losses if a disaster occurs. While it may be an additional expense for some, many see the long-term benefits of carrying out an insurance policy. It acts as a safety net for potential losses and gives a person peace of mind. Among the many insurance policies you may hear about from providers, one of them is the final...

How to Break Away & Start Your Own Firm in a Pandemic, ThinkAdvisor

Wirehouse and other advisors with an itch to open their own independent firm beware: The move can be rewarding — but if (and only if) it’s done correctly, according to several breakaway specialists. The number of advisor teams seeking independence — or breaking away from traditional firms — is at record levels, says Pablo Bizjack, director of business development for BNY Mellon’s Pershing Advisor Solutions. Bizjack recently led a webcast on this subject with MarketCounsel founder Brian Hamburger and PFI Advisors CEO Matt Sonnen. COVID-19 Climate What are the pros and cons of starting a firm in today’s shelter-in-place world? On the one hand, it’s a perfect time, says Sonnen, because an...

InsureTech start-up wins financial services forum award - SME Magazine

Incentive-based life insurance platform YuLife has been recognised as an insurance industry leader in the most recent Financial Services Forum’s Annual Awards. YuLife was set up to be the first digital life insurance product to inspire life, incorporating incentive-based employee benefits into group coverage. Last week, YuLife was announced as the winner of the 2020 Award for Product Service and Innovation in Insurance at the Financial Services Forum Awards. Shoreditch-based YuLife offer a company life insurance product from £4.99 per employee, per month whilst supporting their physical, emotional and financial wellbeing through an incentive-based app. Members are able to earn attractive...