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How to Buy Life Insurance on Your Parents the Right Way, Finder Canada

The unexpected death of a parent can take an emotional and financial toll on your family. If your parents have assets to protect or you’re not sure whether they can cover their debts and medical expenses as they age, you might consider taking out a life insurance policy on them. It’s possible — under a few conditions. Can you actually buy life insurance for your parents? Yes — but you’ll need to do 2 things: Demonstrate an “insurable interest.” If you can prove that you’ll suffer financially when your parents die, your insurer will be more likely to underwrite a policy. Since debt and final expenses are often passed on to the next of kin, family members...

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Digi, AXA Affin launch prepaid internet plan with life insurance coverage, The Edge Markets

KUALA LUMPUR (May 15): Digi Telecommunications Sdn Bhd and AXA Affin Life Insurance are teaming up to offer Digi Abadi, Malaysia’s first of its kind prepaid internet plan that comes bundled with free life insurance cover. In a joint statement, the companies said this limited-edition prepaid plan is an effort by both companies to ensure Malaysians continue to stay connected and well protected, especially when health is a key concern for everyone at this time. It said Digi Abadi bundles both connectivity and insurance cover into one single plan and it is exclusively available via Digi Online Store for 100,000 customers, open to all eligible Malaysians aged 30 to 55 years. To subscribe to Digi...

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Liberia: Activa Insurance Company to Launch Life Insurance Policy Package for COVID-19 Health Workers At 14 Military Hospital -

Liberia: Activa Insurance Company to Launch Life Insurance Policy Package for COVID-19 Health Workers At 14 Military Hospital press release Monrovia — Activa International Insurance Company, Liberia Limited (AIIL), has announced the provision of an innovative Life Insurance Policy Package for Liberia's frontline health workers who are providing vital health services at the 14 Military Hospital where COVID-19 patients are currently undergoing treatment. The Activa Life Insurance Policy Package has a combined sum insured or capital of $105,000 (one hundred and five thousand dollars). It is to cover 115 (one hundred and fifteen) medical and allied employees at the hospital against...

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At What Stage in My Career Should I Start Planning for a Life In

Ask any working professional and they will tell you how attaining a life insurance policy is one of the wisest financial moves they’ve made. A life insurance plan will protect you and your loved ones from the unpredictable events that endanger lives and it will keep you financially prepared. It helps people ensure that their family can live their dreams and maintain their lifestyles even if they’re gone. If you understand the importance of life insurance, you will find yourself asking what the right time in your career is to get a policy. Here’s insight into how you can align your life insurance policy with your career milestones and goals. The first pointer is that you...

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AFP Canada Supports British Columbia Position on Charitable Donations of Life Insurance, Association of Fundraising Professionals

(Ottawa, Ontario) The Association of Fundraising Professionals (AFP) Canada, the largest community of fundraising professionals in the country, supports the British Columbia Financial Services Authority’s (BCFSA) position on charitable donations of life insurance in the province. Previously, charities were concerned that the provincial government was interpreting Section 152 of the Insurance Act (Act) to limit certain activities related to the charitable donation of life insurance policies in British Columbia. However, on May 1, the BCFSA issued a bulletin clarifying the interpretation and application of section 152 of the Act as it pertains to charitable donations of life insurance in BC....

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Frontline Health workers in the fight against COVID19 receive Life insurance cover

Frontline Health workers in the fight against COVID19 receive Life insurance cover The Federal government has received a life insurance cover for all frontline workers in the fight against the COVID-19 pandemic. Chairman of the Presidential Task Force on COVID-19 and Secretary to the Government of the Federation, Boss Mustapha, disclosed this during the daily briefing of the taskforce in Abuja today Friday April 24. He said the life insurance for the Health workers was donated by the nation’s insurance industry as their own contribution towards the fight against the Coronavirus pandemic. “I am pleased to inform you that in addition to what the Federal Government is doing, the...

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Bestow Closes $50M Series B For Digital Life Insurance, Sees 800% YoY Policy Growth

Note: This headline and story was updated post-publication to more accurately reflect information provided by the company. Bestow, a Dallas-based digital life insurance platform, has raised $50 million in a Series B round led by Peter Thiel’s Valar Ventures. The company says it actually completed the financing in February, but is only now announcing it in conjunction with the launch of the Bestow Foundation, a 501(c)(3) nonprofit organization created “to assist those most in need of financial support during a crisis or disaster.” Existing backers including NEA and Morpheus Ventures, and Core Innovation Capital also participated in the Series B round, along with new investor Sammons...

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Coronavirus Pandemic: What is the Best Life Insurance? - The Dough Roller

Life is uncertain–that’s why it’s important to have your financial paperwork in order including getting ample life insurance. You already know that getting life insurance will give your loved ones some financial protection in case you pass unexpectedly. Given recent news that a global pandemic is here, the world can feel scary and uncertain. If you’re wondering whether or not life insurance is crucial at this time, the answer is it’s important at any time, but it feels especially important given the worldwide health crisis like the COVID-19. The question is how life insurance companies will respond to all this. Even though applying now may be more complicated,...

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El Barça colabora con su ‘partner’ chino Taiping Life Insurance para donar 30.000 mascarillas al Departament de Salut de la Generalitat

El FC Barcelona, a través de su Fundación, entregará al Departament de Salut de la Generalitat de Catalunya un total de 30.000 mascarillas que han sido donadas por la compañía de seguros china Taiping Life Insurance, partner regional del Club. Así, las autoridades sanitarias distribuirán estas mascarillas en función de las necesidades que consideren oportunas con el objetivo de ayudar a luchar contra la propagación del coronavirus. Se trata de mascarillas de uso diario para personal no sanitario que han sido fabricadas en China, que esta semana han llegado a Barcelona, y que se destinarán a residencias geriátricas. Esta acción es una nueva muestra de la vocación de servicio del FC...

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Knights Of Columbus Launches New Life Insurance Product

PROTECTOR UNIVERSAL LIFE-GUARANTEED PRODUCT OFFERS AFFORDABILITY AND FLEXIBILITY , today announced the launch of its Protector NLG Universal Life insurance product. This product provides affordable guaranteed lifetime coverage*, flexible premium payment options and a low-cost guaranteed death benefit* that will ensure future obligations are met. The benefit protection includes a Lapse Protection Rider, as well. While guaranteeing death benefit coverage*, the Protector NLG Universal Life insurance product features flexibility in premium payment ability: from allowing shorter payment periods; the stopping and re-starting of premium payments; to the ability to lower premiums by paying up to...

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