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…

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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…

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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…

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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…

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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…

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Women may not have enough knowledge about their life insurance policies, says MetLife

A new study from MetLife Insurance shows that working women may not be as knowledgeable about their life insurance policies as they should be. The study, titled MetLife 2011 Insurance Literacy Study, finds that 45% of working women have not taken a second look at their insurance needs since obtaining their first life insurance policy. This could leave their families at financial risk should the unexpected happen. Researchers with MetLife say that more steps should be taken to educate consumers on how their needs change over time and the importance…

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Nationwide answers probing questions in Florida

Representatives from Nationwide Mutual Insurance where called upon by Florida officials to testify on how insurers handle life insurance payouts in the state. Several of the state’s insurance companies have been the target of controversy lately after being accused by regulators of holding back payouts. Allegedly, these companies withhold funds despite having full knowledge that a policyholder has passed away. According to regulators, these funds may be being held in safekeeping until they are designated as unclaimed, at which point the insurer is no longer liable for payouts. Nationwide assured…

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