New life insurance rules could make rates noticeably cheaper

life insurance rules market statistics

People who have hesitated to purchase a policy may find that they have new motivation on its way. Changes to life insurance rules in all states except three are more than likely to bring rates down by a considerable amount. There have already been at least two insurance companies that have decreased their term life policy rates and other insurers are expected to follow. The regulations involve telling insurance companies how much money they must keep in reserve. The two insurers that have already implemented rate decreases in part resulting…

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Allstate recognizes Life Insurance Awareness Month with reminder to consumers

Allstate insurance technology

The insurance company has used September to underscore the financial security benefits of the coverage. September is Life Insurance Awareness Month and Allstate has recognized it by spreading the word. The insurer has been sharing information about the ways in which this type of policy can boost a family’s financial security. There are two primary ways upon which Allstate has been focusing to take advantage of life insurance benefits. The first is the central component of Life Insurance Awareness Month: buying a policy. That said, it recommends purchasing a policy…

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Life insurance policies carried by San Bernardino shooter may be seized by US

Syed Rizwan Farook life insurance policies

This week, federal prosecutors filed a suit to be able to take control of Syed Rizwan Farook’s payouts. The life insurance policies taken out by Syed Rizwan Farook, one of the San Bernardino shooters from the attacks in December 2015, may soon be seized by the U.S. government if federal prosecutors are successful in winning the lawsuit they have now filed. This would allow the government to seize the payouts from the two insurance policies carried by the shooter. The U.S. attorney’s office in Los Angeles made the filing for…

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Zurich Insurance company brings in new global life CEO

Zurich Insurance Company News Building in Leeds

Gary Shaughnessy has now been appointed as the chief executive officer as the insurer shuffles leadership again. The Zurich Insurance company has now announced that it has changed leadership in its Global Life business for the second time in a span of two years, now that it has appointed Gary Shaughnessy to the position. The new CEO had already been the head of the life insurance business for the U.K. with extensive experience. The 49 year old had also been the interim CEO of global life in Asia, Europe and…

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Life insurance won’t be impacted by doctor-assisted suicide ruling

life insurance industry canada

An industry association has said that the Canadian court decision won’t have a significant affect. An insurance industry association has released a statement with regards to the potential affect on life insurance of the very recent ruling by the Supreme Court of Canada that has overturned the previous ban that had prohibited doctor-assisted suicide. The association said that the impact that will occur on that industry will not be a significant one. The ruling from the top Canadian court was made on Friday, in a unanimous decision to strike down…

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Life insurance report reveals key trends to 2018

Life Insurance

Research and Markets has now released a new publication that provides insights into opportunities in the Philippines. Analytics firm, Research and Markets, has now added a new report to its offerings which they have entitled “Life Insurance in Philippines, Key Trends and Opportunities to 2018”, providing insight into that location and the opportunities that are opening up there over the next four years. The results of the study showed a number of important trends within this sector of the insurance industry. This life insurance news report showed that in the…

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Life insurance proposal for teachers disliked by regulators

insurance benefits teacher

The officials in Florida have spoken out against the plan, voiding “significant doubts”. Regulators of life insurance in Florida have now stated that they have “significant doubts” regarding an unconventional proposal that has been made by a consulting firm for providing teachers in the state with coverage that would be paid for by investors. The offer had been being considered by the Pasco County School District. The decision of that school district had been waiting on the Florida Office of Insurance Regulation’s opinion on the matter, back in May. Now…

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Utah life insurance scam involved a man murdering his wife

Life Insurance Payment

Conrad Truman has been accused of killing his wife in order to receive her benefits payouts. A man has been charged with a vicious form of Utah life insurance fraud that involved murdering his wife in order to be able to collect on her policy benefits of over $800,000. The man cried over her body in the hospital but was then said to be acting strangely and obstructed justice. After Conrad Truman killed his wife for her Utah life insurance, Heidy, a victim advocate reported that his behavior, attitude, and…

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Life insurance companies changing perspective on cancer survivors

Life Insurance

The industry is discovering that the odds for victims of this disease are improving. Cancer survivors are now finding that it is easier than it has ever been to be able to purchase life insurance, when not very long ago it was considered to be nearly out of the question. Medicine has come a long way and is changing the outlook for survivors of this disease and their coverage options. It wasn’t that long ago that a diagnosis of cancer was the same as a death sentence, but that is…

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Life insurance awareness in Iraq remains low

life insurance awareness in Iraq

Despite the high level of violence in the country, many Iraqi people lack knowledge about the coverage. Even though there are hundreds of Iraqi people who die every month as a result of the violence that still plagues the nation, there remains a lack of awareness regarding life insurance throughout the population. It is believed that the lack of awareness is the primary reason that people are not covering their lives. According to the state-owned Iraq Insurance Company’s general manager, Sadiq Abdul Rahman, who reports directly to the Ministry of…

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