Live Insurance News

Life insurance will be experiencing higher premiums for term policies

May 9, 2013May 25, 2013 Julie Campbell

In an environment with low interest rates, the cost of the coverage is on its way up. According to the data that has been released by an online life insurance comparison agency, term policies are becoming more expensive and are slightly more difficult to find than they used to be. This news comes after a decade in which prices had been consistently plummeting to record lows. However, the latest research from IntelliQuote has shown that the premiums that are being quoted for term life insurance policies increased by an average…

Life insurance policy on Jessica Simpson to be split between divorcing parents

April 29, 2013April 27, 2013 Julie Campbell

The massive policy first made headlines when it was discovered that it was taken out in secret. Jessica Simpson’s father, Joe Simpson, first made life insurance headlines when it was discovered that he had taken out a major life insurance policy on his daughter. Now, that coverage will be split in the divorce between Joe and Tina Simpson. If he had intended to be able to keep the life insurance to himself, he lost that opportunity as assets are being divided in his divorce proceedings. Now that the couple has…

Life insurance often considered long term care coverage alternative in Maine

April 26, 2013May 1, 2013 H. Cutner

Elderly selling their life insurance to get pay out

A new bill in the state could offer consumers a more affordable form of LTC coverage. Seniors living in Maine and who are reliant on the MaineCare program, which is currently strained for cash, may find that a new opportunity is opening up to help them to obtain long term care coverage – which is traditionally quite expensive – through life insurance policies, should lawmakers decide to pass a new bill. This bill does have a notable amount of support already and is currently under debate in the Legislature. The…

Life insurance companies are the focus of a new law in Montana

April 2, 2013April 30, 2013

A new bill has just been signed by the state governor that requires firms to search for beneficiaries. Governor Steve Bullock has just signed a new Montana bill that will require that life insurance companies always search for policy beneficiaries when the policyholder has died. This is the case even when there have not been any claims submitted following the policyholder’s death. The bill was created as a response to a number of settlement agreements that have been made across the country in which life insurance companies had been charged…

Life insurance is vastly misunderstood among American consumers

January 22, 2013January 22, 2013 H. Cutner

LIMRA has reported that 70 percent of people in the U.S. don’t understand the coverage. In the United States, ownership of life insurance has reached a historical low and a recent LIMRA study has suggested that it is likely because Americans don’t understand why it is needed or how the products in that sector actually work. The global consulting and research organization determined that there is a lack of understanding and knowledge. In order to come up with this claim, LIMRA applied a type of IQ test for life insurance…

Life insurance more common among Indian consumers than world average

December 3, 2012April 30, 2013

The government of India has announced that the country’s residents have more coverage than the global median. According to the latest data released by the government of India, residents of that country have a larger overall life insurance coverage than the global average in 2010. The Minister of State for Finance Namo Narain Meena made the announcement in a written statement. Within the announcement, Meena said that “Life insurance penetration in India was higher than the world’s average in 2010 and the combined average is higher than Brazil and Russia…

Life insurance report shows Thai growth next year

November 30, 2012April 30, 2013

Fitch Ratings has released its predictions for the growth of the sector in Thailand’s marketplace. According to data from Fitch Ratings, next year, the life insurance sector in Thailand should be seeing steady growth in its premiums. This is supported by the growing affluence among its residence and the increased product awareness. The recent catastrophes that have been faced by the people of Thailand have made them more aware of the availability and importance of life insurance coverage. This was published in the research firm’s “2013 Outlook: Thai Life Insurance…