Life insurance study shows satisfied claimants

life insurance customer satisfaction

The results of a recent study have revealed that 95 percent of the people who have made claims are satisfied. According to the outcome of a recent LIMRA survey, additional services offered by life insurance companies, such as coverage coordination and grief counseling are generating a larger amount of business, boosting recommendations, and are enhancing the positive perception of claimants. The study showed that among the beneficiaries of the policies, the vast majority are quite satisfied with the experience. The LIMRA research indicated that 95 percent of life insurance beneficiaries…

Read More

The Most Common Term Life Insurance Riders

insurance benefits teacher

Life insurance is one of those things that everyone knows they should have but only a precious few of us take the time to go about getting. The immediate benefits of life insurance are obvious; it helps to protect our families and loved ones financially in case the unfortunate should happen, but what many people do not realize is that there are a number of riders that are either included in most insurance policies, or are cheap to add on that provide ample benefits. Below are four of the riders…

Read More

US Health and Life Insurance in the Next 5 Years

Life Insurance

Taking out life insurance is an important decision that provides your beneficiary with a benefit at the moment of your death. However, when it comes to thinking of the future, health care is a factor that does not only contribute to your wellness, but that will be connected to changes in life insurance terms now that the Obama administration is moving forward with the health care law. The health care law that presumes to provide equal opportunities to all American citizens to receive medical attention and get insured regardless if…

Read More

Life insurance industry may be in for a rough future

life insurance awareness in Iraq

Life insurance industry must adapt to change or it will fail The life insurance industry is facing a changing landscape, new risks, and emerging trends that could have a drastic effect on business. A new report from PwC US, an industry-focused consulting firm, suggests that life insurance companies will need to adapt to these changes if they wish to survive the next decade. The report, titled “Life Insurance 2020: Competing for the Future,” highlights several of the emerging factors that could have major influence over the life insurance industry. Report…

Read More

Walmart enters into life insurance business

Walmart health Insurance

Walmart teams with MetLife to sell life insurance policies Retail giant Walmart appears to be getting into the life insurance business in Georgia and South Carolina. The company has teamed with New York-based insurer MetLife to begin selling policies in more than 200 stores located in both states. The life insurance policies that will be sold through Walmart are designed to be attractive to consumers looking to find affordable coverage without having to do extensive shopping or rely on plans that may be provided by their employer. Partnership will open…

Read More

Who should buy life insurance?

Life Insurance

There is a great deal of information about these policies but consumers often wonder if it’s for them. With all of the information that is currently available about life insurance, and all of the various forms that can be purchased, it isn’t always easy to know if it will be something from which you will benefit. As with every type of product, it can be very beneficial to some people, and yet not to others. In terms of ensuring a family’s financial security, life insurance is typically considered to be…

Read More

New death benefit battle rages on with life insurance companies

Insurance companies are now facing a new battle in the challenge for data management as state regulators are now requiring that they verify their life insurance policies against the data from the Social Security Death Master File. This is only the most recent of several changes that have been made by state regulators that are designed to help to identify life insurance policy beneficiaries by working with the Social Security Death Master File and checking it against the records for the insurance policies. While the actual regulations for this effort…

Read More