How to Handle Insurance After a Cancer Diagnosis

When you are faced with a cancer diagnosis, life suddenly becomes very simple and incredibly precious. All that truly matters is making it through the battle ahead and, in the end, defeating this unseen enemy for good. Unfortunately, the practical necessities of life don’t just dissipate when cancer rears its ugly head. There are still matters of daily living to attend to, and that includes ensuring that you have the financial resources on hand to fund your treatment while protecting your family from hardship.  More often than not, this will…

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Allianz becomes China’s first fully foreign-owned life insurance company

Life insurance - Allianz

The insurer created a joint venture that has become the first to receive approval of this nature. Allianz has announced that its Chinese life insurance company has received the necessary regulatory approval for becoming the first joint venture-created foreign-owned life insurer in the country. The sheer size of the Chinese market has made it an exceptionally appealing one to foreign insurers. Many financial institutions from countries around the world have been seeking to grow their presences within China. They are looking to enter or broaden their presence in the country’s…

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Insurance Considerations for End-of-Life Planning

End-of-life planning does not only consist of decisions that family members can make once they pass away. End-of-life planning involves scenarios that many people can find themselves in but don’t necessarily plan for ahead of time. One example is succumbing to a coma. Let’s say a grandmother suffers a terrible fall in her home, and while being transported to the hospital, she falls into a coma.  Because she is unresponsive, how should the physician proceed? Do her children want her removed from life support after a certain amount of time?…

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International Monetary Fund warns of rising life insurance rates

Life insurance rates - Breaking News

The IMF cautioned that if a sharp bond yield rise occurs, then insurers may be forced to liquidate investments. Life insurance rates are on the cusp of a huge spike if there is a sudden rise in bond yields, leading to an extreme circumstance that could lead insurers to liquidate as much as $1 trillion in investments in the United States and Europe, according to a warning from the International Monetary Fund (IMF). The IMF released this caution in its Global Financial Stability Report. According to the IMF in the…

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Life Insurance and Alcohol: What You Need to Know

If you have had issues with alcohol that are on record with either your health, driving or legal records, your insurance rates and options may be affected. Questions on your life insurance question specifically cover alcohol use because alcohol abuse can cause health issues. What should you know about the relationship that exists between life insurance and alcohol? Today, take some time to get a better understanding of this issue. How Could Alcohol Affect Your Life Insurance? Whether or not you have been diagnosed with alcoholism or specific alcohol-related medical…

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Allstate Corporation ALNY life insurance and annuity business sales close

Life insurance - Deal - money

The insurer has announced the receipt of all necessary regulatory approval for the sale closures. The Allstate Corporation (NYSE stock symbol ALL) has announced that it has closed the sale of its Allstate Life Insurance Company of New York (ALNY) to Wilton Re. The sale of ALNY was announced as having closed for about $400 million. The insurer announced the closure of the sale of the life insurance and annuity business when it obtained all the regulatory approvals it needed to move forward. “Closing on the sale of ALNY is…

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Life Insurance Myths – Debunked

When it comes to financial planning for your future, life insurance should be a key part of the process. Having a life insurance policy suited to your individual needs can mean that your loved ones will have financial protection when you pass away, and secure in the knowledge that future expenses can be covered.  However, just as much as you are made aware of the benefits of life insurance, so do rumours and myths appear, especially across the web. With this in mind, we are going to debunk the top…

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