The IMO life insurance company will now be able to branch into new products and offerings. UNCASVILLE, Conn., Aug. 25, 2022 /PRNewswire/ -- Family First Life announced today that they have partnered with Ethos, a FMO life insurance company. "We have been interested in Ethos for many years. We have been familiar with the products Ethos has and the impact they have in the industry," says Shawn Meaike, Founder and President of Family First Life. "This partnership is huge for our company, our agents, our clients, and the industry." With this partnership, Ethos will now provide Family First Life with new resources that will benefit current agents and clients. Through Ethos technology, agents...
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Ivari, owned by Norwalk, Conn.-based Wilton Re Ltd., has $13.9 billion in assets under management (2021) and more than 250 employees. It provides individual life insurance and critical illness products to approximately 700,000 policy holders in the Canadian middle market, which commonly is defined as households with about $50,000 to $200,000 in annual income. The transaction allows Sagicor to grow its individual insurance business and “transforms [the firm] into a leading North American insurer serving the middle market in addition to our market leadership in the Caribbean,” said Dodridge Miller, group president and CEO of Sagicor, in a release. Sagicor also operates in the U.S...
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Life insurance, how much is enough? Your life is invaluable and, if not, difficult. It is nearly impossible to put a financial value on your life. The amount of life insurance you need depends on your unique situation: the number of financial dependants you have, your current net worth, the debt you service and many other factors. But there are some guidelines to help you figure out how much life insurance you need to ensure your family will be financially secure when you’re gone. There are several thumb rules on how much insurance cover you need, which ranges from 10 times your annual income to an arbitrary figure of Rs 1 crore as insurance cover. But every individual situation is...
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Crestline enters insurance market through strategic acquisition FORT WORTH, Texas, Aug. 11, 2022 /PRNewswire/ -- Crestline Investors, Inc. ("Crestline") a credit focused institutional asset manager, today announced its entrance into the direct annuity insurance market with the acquisition of a life insurance company established in 1978 and licensed in multiple states, which will now operate as CL Life and Annuity Insurance Company ("CL Life"), a provider of insurance products designed for retirement assets that seeks to offer policyholders stable growth, tax deferral and income planning. "Through this strategic acquisition, we are excited to be partnering with an established insurance and...
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SHANGHAI, June 5 (Reuters) - Moody’s Investors Service changed its outlook for China’s life insurance industry to stable from negative on Tuesday, on a more sustainable product mix and a slowdown in investment in high-risk assets. Beijing has been cracking down on leverage across the financial sector, targeting risk in insurers by probing liability mismatches and overseas acquisitions. The improved outlook reflects the expectation that the current moderate build up in leverage, shift to a diverse product mix and slower investment in high-risk assets will prevent deterioration “of Chinese life insurers over the next 12 to 18 months,” said Qian Zhu, a vice president at Moody’s in a statement...
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From being a happy-go-lucky & footloose person, the harsh realities of life hit you when you start working. You need to think of saving money & decide on which asset classes you should invest in to meet your financial goals. You also start wondering how to protect yourself & your dependants from the uncertainties in life. Insurance planning becomes crucial during this stage of life. If you are the breadwinner, then the decision to take life insurance and health insurance brooks no delay. But the million-dollar question is where do you get information about the benefits & suitability of the many insurance products? There is a vast army of self-proclaimed advisors out there...
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TORONTO, July 25, 2022 /PRNewswire/ - Foresters Financial™ (Foresters), the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that it has increased the standard face amount limits for its Strong Foundation product offering , an industry-leading non-medical term life insurance solution designed to meet a range of client needs. Insurability depends on answers to medical and other application questions and underwriting searches and review. Effective immediately, the maximum standard face amount limit for individuals aged 18-55 is now $500,000, an increase of 25%. The maximum standard face amount limit for...
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CHICAGO, July 05, 2022 (GLOBE NEWSWIRE) -- A recent LIMRA study found that almost half of millennials are now more likely to buy life insurance because of the pandemic. Their interest was higher than both Gen X individuals and baby boomers. Millennials are also changing the life insurance game by purchasing life insurance online. Some policy options that best match their needs include term life insurance. Here's what to know about how millennials are going about getting life insurance and what policies are best for them. Purchasing life insurance online Millennials have been accustomed to making many of their purchases online. The pandemic has only led them to make more online purchases...
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CHICAGO, July 01, 2022 (GLOBE NEWSWIRE) -- The COVID-19 pandemic has brought financial security into sharp focus for many families. As a result, interest in life insurance shot up as people sought to provide some financial certainty in uncertain times. Term life insurance, always a popular choice because of its simplicity and affordability, became a go-to choice for many life insurance shoppers this year. Term life insurance is great for families with children and people who don't want to pass large debts on to others. Here are the steps for getting a policy, including comparing insurance providers, choosing a term life policy type, and evaluating financial needs. Features and benefits...
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Beneficiary Assistance Check social media sites for procedures to either close or memorialize accounts: Email providers can assist with options available to close accounts and obtain data from them, if needed. It is important to close the deceased's digital footprint; failure to close accounts can leave doors open to identity theft. Especially important are financial services accounts such as PayPal and Venmo that may be linked to bank accounts and credit cards. Check credit card and bank statements for subscriptions, membership fees and third party services that may be automatically charged on a regular basis. Your financial wellness is an important part of your wellbeing and there may be...
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