4 Essential Things to Remember When Buying Life Insurance

life insurance

Whether you’ve already bought life insurance or are in the process of purchasing a plan, you know how important a decision it is. Your life insurance policy is what will help take care of any loved ones you may leave behind. Because of that, you want to spend time deciding which policy is best for you and your family. When looking at a policy, there are many factors that come into play. In fact, there are so many things to remember and questions to ask that it can become overwhelming…

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Californians received $17.3 million in lost life insurance benefits in 2017 alone

Life insurance benefits - US Money

Residents of the state are being advised to use an official tool to check if they are owed money. In 2017, residents of California received $17.3 million from lost life insurance benefits. This is a striking reminder to Californians to find out whether they might be beneficiaries of lost policies. Everyone who received the money the benefits last year did not realize they were a life insurance beneficiary. Not knowing that you are due life insurance benefits is quite common. This means that many people are due substantial sums of…

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Ethos, the new Jay-Z insurance start-up, has raised $35 million

Jay-Z insurance - Pile of US Cash

The new company has just completed a round of financing which was much more successful than the first. Ethos is a new Jay-Z insurance start-up that has completed a new round of financing in which it managed to raise $35 million. This company has shown for a second time that it doesn’t struggle to bring in the capital it needs. This round of financing represents the second time it has managed to bring in millions. During the Jay-Z insurance start-up’s first round of financing, it raised $11.5 million. It managed…

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Hybrid life insurance policies gain popularity as LTC payment plans

Hybrid life insurance - life insurance - forms

As long term care insurance skyrockets in price, many people are looking for alternative funding. Hybrid life insurance policies are beginning to take the place of long term care insurance policies. Traditional LTC products have plummeted in popularity due to their spiking premiums in recent years. To pay for long term care needs, consumers are turning to new types of insurance coverage. Hybrid life insurance policies are becoming a leading option in that area. These policies come in the form of life products that back long term care financing strategies.…

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Fitness incentives now included in all John Hancock life insurance policies

John Hancock life insurance - FitBit

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers may pay less for their insurance policies. John Hancock life insurance is among the oldest North American insurers in that market. That said, as much as its company is steeped in tradition, it plans to cease the sale of those traditional policies. Instead,…

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Nestle is selling its Gerber Life Insurance for $1.55 billion

Gerber Life Insurance - Handshake - Business - Money

The transnational firm has announced its plans to sell the unit to Western and Southern Financial Group. Nestle announced this week that it intends to sell off its Gerber Life Insurance unit. Western and Southern Financial Group has agreed to purchase the life insurance unit for $1.55 billion in cash. Nestle chose to sell the insurance unit in order to send its attention back to its core businesses. The transnational company decided to let the Gerber Life Insurance firm go to place its focus back on the consumer health, food…

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Amazon insurance policies to begin selling in India

Amazon insurance policies in India - Flag of India

The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country in the world, by population. The goal of the insurance policy sales is to boost Amazon’s Indian financial service portfolio. The Amazon insurance policies will be sold as the company “aims to carry out the business of soliciting, procuring and servicing insurance as…

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