Who is life insurance for

AIG Life Offers Free Delivery on `Scripts Insurance Edge

AIG Life, the UK life insurance arm of AIG, has launched a next day private prescription delivery service in the UK for its protection insurance policyholders, helping new and existing customers get vital medical supplies delivered straight to their door. The free delivery service expands the existing Smart Health proposition, which provides six interconnected health and wellbeing virtual solutions. These are available to all 1.2 million of AIG Life’ s customers and members of employer-provided benefit schemes, without restriction and at no extra cost. Through the Smart Health App, customers insured by AIG Life can already access unlimited 30-minute phone or video calls with a UK...

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Symetra Promotes Three Leaders to Executive Vice President, Business Wire

BELLEVUE, Wash.--( BUSINESS WIRE )--Symetra Life Insurance Company today announced the promotions of three senior executives to executive vice president: Wes Severin, who will lead the Retirement Division; Harry Monti, who will lead the Benefits Division; and Chantel Balkovetz, who will lead Service and Operations enterprise-wide. The three EVPs also join the Symetra Leadership Team, reporting to Margaret Meister, president and chief executive officer, Symetra Financial Corporation. “One of Symetra’s longtime strengths is the breadth of talented leaders on our team. Today, I am pleased to recognize the significant contributions of Wes, Harry and Chantel to our Retirement and Benefits...

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Liberia: Activa Provides Life Insurance for Health Workers -

Liberia: Activa Provides Life Insurance for Health Workers Liberia's Frontline Health Practitioners and allied Workers at the 14-Military Hospital are now covered by a Life Insurance Policy if they get infected while taking care of COVID-19 Patients. The Life Insurance Policy covers natural and accidental deaths to include deaths emanating from the COVID-19 pandemic. Activa International Insurance-Liberia is providing the Life Insurance Policy for the 115- Health Practitioners and allied workers at the 14- Military Hospital. Speaking the launch and signing of the Life Insurance Policy Tuesday at the Health Ministry, Activa's Managing Director Cllr. Saye Gbalazeh said it was the Company's...

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What Is Life Insurance?, Betterment

You might have an idea of what life insurance is. But if you were asked to define life insurance, could you do it? What if you needed to describe the different terms, provisions or types? What exactly is life insurance good for? How long does it last? Who needs it? It seems complicated, but the answers are fairly straightforward. Life insurance provides a tax-free lump sum of money to your loved ones in the event of your death, allowing them to continue toward their financial goals. It’s a value asset that gives you peace of mind that they’ll be taken care of even when you aren’t around. In this life insurance 101 guide, you’ll learn: How life insurance works The advantages of life...

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Sponsored Content: What Do Urban Indian Millennials Look For In Their Life Insurance Policies?

India is home to one of the largest populations of millennials. In terms of absolute numbers, at 426 million, 36 per cent of India's population comprises of millennials. This number is greater compared to the US as well as China, where millennials make up for 21 per cent and 17 per cent of the total population respectively. The demographic will therefore present scope for exponential business growth across industries including life insurance industry where millennials are now the key focus segment. The Max Life India Protection Quotient 2.0 (IPQ 2.0) survey revealed a positive change in Indian millennials' overall attitude and the path-to-purchase factor for life insurance products. With a...

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What is a Life Insurance nominated beneficiary?, NobleOak

A Life Insurance nominated beneficiary is the individual nominated by the policyholder who receives the benefit (the sum insured) in the event that the policyholder passes away. The policyholder can nominate more than one individual as a beneficiary, or can nominate their estate as the beneficiary if they choose to do so. Beneficiary nominations for Life Cover are legislated under the Insurance Contracts Act of 1984. Primary beneficiary: The primary beneficiary is the individual who will receive the lump sum when the policyholder dies. Should the primary beneficiary die before the death of the named insured they will not receive the proceeds of the policy. Contingent beneficiary: Also...

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Life Insurance

Life insurance is a way of protecting those that depend on you, such as a spouse, partner, children or anyone else you choose, in the event of your death. It is also known as life cover, and there are various options. There is also life and critical illness cover which will pay out in the event of death or critical illness, as specified in the policy. The cover, the terms of paying out, and the length of the policy are all options that will affect the premium, which is usually paid monthly. Life Insurance is an important cover for those that depend on you in the event of your unforeseen death. Those that rely on you financially, such as your spouse, children or relatives would be looked...

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Life insurance beneficiaries: Who gets what, and when? - AccuQuote

There are plenty of terms and acronyms used in the life insurance industry and it can make life insurance confusing and convoluted. And beneficiary or bene, as it’s often referred, is definitely one of those terms. While you can decide how many primary and contingent beneficiaries you want, it’s important to take a moment to learn more about how your primary, and contingent beneficiaries, can impact your life insurance plans. Contingent Beneficiary A contingent beneficiary is basically the back-up plan. The contingent beneficiary stands-by in the event the primary beneficiary is either no longer alive, or unable or unwilling to accept the benefit. Quite simply, a contingent beneficiary is...

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What Is Non-Life Insurance?

What Is Non-Life Insurance? What Is Non-Life Insurance? Put simply, non-life insurance is any type of insurance other than life insurance. While life insurance is broken down into permanent and term life policies, non-life insurance includes many types of other insurance policies. Non-life insurance may cover people, property or legal liabilities. Examples of Non-Life Insurance Some common examples of non-life insurance include: Disaster insurance (fire, flood, earthquake, etc.) What About Life Insurance? Life insurance is particularly important for people who have financial dependents, but can be beneficial for other people as well. There are two main types of life insurance: term life...

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What is Life Insurance?, Life Insurance

Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. The contract is valid for payment of the insured amount during: * Specified dates at periodic intervals, or * Unfortunate death, if it occurs earlier. Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates ‘risk’, substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner. By and large, life insurance is...

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