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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New life insurance rules could make rates noticeably cheaper

life insurance plans

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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