Live Insurance News

DNA testing kit results may lead to future insurance customer risks

August 10, 2018August 8, 2018 G. Turner

While these tests are becoming highly popular, consumers should understand how the data is used. Purchasing a DNA testing kit to find out more about what genes say about an individual is becoming very popular. However, concerns are growing with regards to how the data will be treated and used, particularly by certain parts of the insurance industry. There are a number of different companies selling these kits, from large to small ones. Some of the DNA testing kit packages simply tell a person about where their ancestors lived in…

5 Life Insurance Policies You Should Consider (That Aren’t Term)

July 15, 2018 Marc

Looking for life insurance? Purchasing a life insurance plan is one of the best ways to secure your family’s well being, providing you with peace of mind along the way. There’s no shortage of plans promising low premiums and strong benefits, but knowing what all options are out there and which to choose can be challenging. Read on as I unpack 5 life insurance policies that aren’t term, and see if one of them might be suitable for you. #1 Whole Life Policy Here’s the gist of a whole life…

Canadian life insurance companies no longer equate marijuana use to “smoking”

July 6, 2018July 5, 2018 G. Turner

Changes to the country’s laws and social attitudes have brought about change in industry policy. Life insurance companies in Canada have traditionally labeled cannabis users as being “smokers.” However, a recent change in the country’s industry has changed this situation among many insurers. Smokers are typically penalized by life insurance companies and, until recently, that included pot users. The Canadian Life and Health Insurance Association director of health and disability policy, Joan Weir, explained in a CBC report that many life insurance companies have stopped equating light marijuana use with…

Do I Need Mortgage Protection Insurance?

April 17, 2018 Live Insurance News

If you have taken out a mortgage recently, you will probably have been pitched mortgage protection insurance. There are a number of different forms that this can take, but generally it will cover your home loan payments in the event that you become disabled or unemployed. Should you die, some mortgage protection plans will pay off your mortgage posthumously. But is mortgage protection insurance something that you need? Or is it just going to be another fee to pay to your bank? The answer to that question is not straightforward,…

Nestle thinking of selling off its Gerber Life Insurance

February 21, 2018February 19, 2018 H. Cutner

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The company’s board of directors is looking into options for that business, including its sale. Nestle’s board of directors is looking into various different options concerning its Gerber Life Insurance business. The company has not ruled out selling off the business as it works to try to adjust its product portfolio. The purpose of Nestle’s efforts is to enhance the effects of a broader organic sales growth strategy. The portfolio management which includes the decision of whether or not to sell the Gerber Life Insurance business is meant to help…

Insurance denial case involving gay men in New York to be investigated by state

February 19, 2018February 17, 2018 Julie Campbell

State financial regulators will be looking into reports of discrimination against homosexual men. New York financial regulators are looking into recent reports of insurance denial involving gay men. The story originated in the New York Times and stated that gay men were being denied long-term care, disability and life insurance because of a preventative medication they were taking. The men were taking a medication to help boost their protection against H.I.V. when they applied for coverage. If the insurance denial allegations are true, it may mean that the insurers’ practices…

Zurich Insurance Group makes $2.1 billion ANZ life insurance acquisition

December 14, 2017December 13, 2017 G. Turner

The Swiss insurer will solidify a more important spot within this sector of the global industry. Zurich Insurance Group has announced its acquisition of ANZ life insurance. The move will place the Swiss company in the top position within Australia’s retail life insurance marketplace. The acquisition was made for a reported $2.1 billion and will considerably increase its standing in Australia. Before the ANZ life insurance acquisition, Zurich had been holding the fifth spot within that marketplace. Now it will take an easy first. The Swiss insurance company stated that…