As a competent driver with plenty of experience, you likely know what a challenge it can be to drive in inclement conditions. Heavy rainfall and fog can reduce your vision on the road to just a few yards, drastically decreasing the time you have to react to hazards. In addition, you have to be extra careful with your wheels moving on the slick surface of a road in the rain. And the streets only get more slippery during winter when covered in ice. Oregon drivers will recognize all of these…
Read MoreCategory: Life Insurance
Read about the latest life insurance statistic or find out industry news, whatever it is, our goal is keep it fresh and up to date.
Blackstone Group to purchase Allstate life insurance business for $2.8B
The sale will make it possible for Allstate to focus on its personal property-liability units. Blackstone Group Inc. has announced its agreement to purchase an Allstate life insurance business for $2.8 billion. This move was made as the private equity firm has been broadening its strategy within the insurance industry. The purchase is being made by entities managed by Blackstone Group, according to the announcement. Though the Allstate life insurance business will be sold to the private equity firm, the insurer will be holding onto a New York life business.…
Read MoreWhy You Should Get Life Insurance In Your 20s
As this may be the age when you are the most healthy and fit, you may not be thinking about life insurance. Let’s take a look at why it may be good for you. It is absolutely normal to not want to get life insurance when you have just gotten out of college and have just entered or are entering the job market. You will probably have a mountain of student debts and the last thing that may be on your mind at that point is getting a life insurance…
Read MoreLife insurance shopping trends rise and fall with local COVID-19 cases
A new NerdWallet survey found that Americans gain and lose interest in coverage based on case numbers. This year, there has been a substantial rise in life insurance shopping behaviors among Americans. Many studies indicate that it is a response to the COVID-19 pandemic, and people’s increased awareness of their own mortality. The study showed that as coronavirus cases fall in an area, so does interest in this type of policy. The research, conducted by NerdWallet, found that 35 percent of American consumers who had been life insurance shopping during…
Read MoreYou Do Not Need Life or Income Protection Insurance to Get a Mortgage
There are many rumors that surround getting different types of insurance. One of the most prevalent ones is that you need life insurance or income protection cover to get a mortgage. Research shows that 30% of borrowers are told that life insurance is a legal requirement for applying for a mortgage while a further 50% of people who apply for a mortgage are told that they also need life insurance. Life Insurance and Income Protection Are Both Sensible Options Life insurance pays out a lump sum to your beneficiaries once…
Read MoreLife insurance industry gap revealed among Black Americans, says survey
Recent research shows that there is a racial gap in this coverage as a result of several trends. For centuries, Black Americans have viewed life insurance policy ownership in terms of a singular purpose: covering the cost of burial. According to a recent Forbes article, this ongoing trend is indicative of a race-based gap in the industry. For many years, the industry has promoted purchasing small policies just big enough for funeral costs. That life insurance policy ownership trend didn’t start winding down until this century, said the report. “For…
Read MoreUS life insurance has become a “panic buy” due to pandemic
Experts say that people are buying this coverage out of a fear of death and increased awareness of financial risk. US life insurance is experiencing a considerable rise in popularity due to the coronavirus pandemic. Consumers, young adults in particular, have been purchasing coverage at elevated levels. Since the spring, US life insurance companies have been recording notably higher sales levels than they were at the same time in 2019. The trend has taken off as young adults have seen that thousands of Americans were dying from COVID-19 related illness.…
Read More