Policyholder Information Company Overview Centennial Life Insurance Company was an insurer headquartered in Kansas. Prior to rehabilitation, the company was licensed in all states except Maine, New York, and Rhode Island and in the District of Columbia. It was previously licensed in Puerto Rico as well. Centennial’s business was primarily group accident...
Axco insurance reports deliver comprehensive and reliable information, compiled by a team of experienced professionals. Report contents cover individual and group life insurance markets, regulatory frameworks, industry players, reinsurance and distribution. In addition, they look at social security and public health systems and how these are complemented by private sector health insurance and pensions. The growing influence of sharia-compliant family takaful is included also for Islamic countries. Invaluable local knowledge on a global scale… Covering 170+ territories globally and sourced by experts from country visits as well as long-established relationships with regulators and...
With all the news reports on coronavirus (COVID-19), we understand that this is a worrying time for you and your family. To help keep you informed and reassured, here are answers to some of the most frequently asked questions. I’ve been financially impacted as a result of COVID-19, how can you help me to keep my cover? We’re here to support you with options to help you to keep your cover in place. So if you think you might have a problem keeping up your payments, please contact us to see how we can support you through this emergency. How is my existing Life cover benefit impacted by COVID-19? With life cover we will pay a lump sum if you or anyone covered under the plan dies. If you die as...
Some of the things you might hide from friends are fair game to insurers when you apply for life insurance. And thanks to the streams of electronic data available today, life insurance companies can gather information on you faster than ever before. The prescription drugs you’ve taken, that DUI a few years back, a bankruptcy — all these pieces of information will likely come to light and affect your life insurance rates. Life insurers are increasingly relying on big data resources to speed up the application process and reduce their costs to issue policies. When you apply, insurers can buy data from a variety of sources. Here’s some of what’s available. Prescription drug histories ExamOne,...
{{vm.title}} 25 {{ vm.title }} {{ vm.siteSelectorList.flyout.cell1.heading }} {{ site.countryLocale }} {{ vm.siteSelectorList.flyout.cell1.global.countryLocale }} {{ vm.closeTabLabel }} Background Generally, amounts received under a life insurance contract that are paid by reason of the death of the insured are excluded from gross income for federal income tax purposes under section 101(a)(1). However, if a life insurance contract or interest therein is sold or otherwise transferred for valuable consideration, the “transfer for value rule” set forth in section 101(a)(2) limits the excludable portion of the death benefit to the sum of the consideration paid for the contract or...
Policy information How prepared are you for the unexpected? If you or your spouse died, would your family be faced with an economic as well as an emotional crisis? While the life insurance coverage in your employee benefit program may be adequate to meet most of your financial needs, it may not be enough to meet all of your obligations, or those of your family. When you consider the potential costs of things like your children’s education, day care, emergency expenses, estate settlement fees, housing or other costs, your current group insurance coverage may not be enough – especially if it has to support your family over the long term, perhaps even for years. Introducing...
Honesty is the best policy. When you’re applying for a term life insurance policy, that age-old cliché is absolutely on the money. Term life policies typically have a two-year contestable period during which your policy could be canceled or your benefit decreased by the insurance company for one of these two reasons: You omitted information (for example, not disclosing you have cancer). You outright lied in an attempt to defraud the insurance company by making you seem like a lesser risk than you are. Among the most common things people lie about on their term life applications are: Incidence of cancer in their family Income level (which dictates the benefit amount you’re eligible for)...
uia board upcoming meetings UIA Annual Meeting Overview The University Insurance Association (UIA) Life Insurance plan offers decreasing term life insurance to eligible Faculty, Academic Staff and Limited Appointees. Coverage levels range from $3,400 – $101,000 depending on your age. This life insurance plan only covers you; there is no coverage available for family members. Coverage is a condition of employment if you meet the eligibility requirements. In addition to benefits payable in the event of death, this plan provides the following components: If you become terminally ill with a life expectancy of 12 months or less, you may receive up to the full amount of your coverage prior to...
THE PURPOSE OF LIFE INSURANCE We all have a responsibility to protect those who depend on us with a sufficient amount of life insurance protection. Life Insurance is the cornerstone of your family’s financial security. It can provide those who are left behind with a lifetime of financial security. In its most basic form, life insurance offers security in the event of your death. Like all insurance, life insurance protects your family from the risk of financial ruin. It provides your dependents with the necessary funds to settle your financial obligations and to cover the loss of income created by your death. Buying life insurance isn’t like most other purchases. When you pay your premiums,...
Life insurance Life insurance helps ensure your debts and dependants are taken care of in the event of your death. EasyProtect Life is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the EasyProtectProduct Disclosure Statement and Policy (PDS ) and consider whether the product is right for you. EasyProtect 50+ Life Cover and ANZ 50+ Life Cover are issued by OnePath Life Limited (OnePath Life) (...