In tech circles, you may have heard whispers of the mysterious-sounding “Metaverse.” Facebook unveiled its plan to go “Meta” in October 2021, but there are swirling uncertainties as to the actual features and implementation of this new technology, which promises a level of virtual reality and interconnectability that was previously unimaginable. Large amounts of capital are being pumped into the Metaverse. It could even become an integral part of Web 3.0, together with blockchain and Bitcoin. When it comes to regulatory issues like insurance concerns, however, it can be difficult…
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Permanent life Insurance
Definitions are important It is essential to understand the different types of life insurance available to you and their differences. Permanent life insurance refers to a category of insurance policies that never expire. Typically permanent life insurance includes a savings component as part of the policy on top of the death benefit. Two main types of permanent life insurance are universal life insurance and whole life insurance. Let’s dissect these to clearly understand the differences between them. Universal life insurance Universal life insurance falls under permanent life insurance in that…
Read More5 Great Reasons to Buy Life Insurance
If you are young, healthy, and single, do you need life insurance? Maybe not, but as soon as you are in a relationship with someone else or have a child, things change. Purchasing a life insurance policy can be one of the most important things that you do for your loved ones. Protect Your Dependents One of the main reasons to get life insurance is to protect your dependents. If anything happens to you, a life insurance policy is one of the considerations for end of life planning and can…
Read MoreHow to Handle Insurance After a Cancer Diagnosis
When you are faced with a cancer diagnosis, life suddenly becomes very simple and incredibly precious. All that truly matters is making it through the battle ahead and, in the end, defeating this unseen enemy for good. Unfortunately, the practical necessities of life don’t just dissipate when cancer rears its ugly head. There are still matters of daily living to attend to, and that includes ensuring that you have the financial resources on hand to fund your treatment while protecting your family from hardship. More often than not, this will…
Read MoreAllianz becomes China’s first fully foreign-owned life insurance company
The insurer created a joint venture that has become the first to receive approval of this nature. Allianz has announced that its Chinese life insurance company has received the necessary regulatory approval for becoming the first joint venture-created foreign-owned life insurer in the country. The sheer size of the Chinese market has made it an exceptionally appealing one to foreign insurers. Many financial institutions from countries around the world have been seeking to grow their presences within China. They are looking to enter or broaden their presence in the country’s…
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