Live Insurance News

Life insurance lacking among middle aged Americans

October 8, 2013January 10, 2014 H. Cutner

Recent research has shown that the struggling economy is holding many back from coverage. According to a recent study, millions of middle aged Americans are choosing not to obtain life insurance as a result of the shaky economy in the country that is creating a lack of stability in their own personal financial situations. Research has indicated that the average American’s savings is sitting at a mere $3,000. Beyond the lack of savings, the economic uncertainty has indicated that an even larger number of people are finding themselves in a…

Life insurance companies changing perspective on cancer survivors

September 26, 2013March 1, 2014 H. Cutner

The industry is discovering that the odds for victims of this disease are improving. Cancer survivors are now finding that it is easier than it has ever been to be able to purchase life insurance, when not very long ago it was considered to be nearly out of the question. Medicine has come a long way and is changing the outlook for survivors of this disease and their coverage options. It wasn’t that long ago that a diagnosis of cancer was the same as a death sentence, but that is…

Life insurance industry in India to rise by 15 percent by 2018

September 23, 2013September 21, 2013 G. Turner

Recent estimates have shown that the sector is strong in the country and that it will see steady growth. The latest estimates from the life insurance sector of the industry in India has indicated that there will not only be increases in size over the next five years, but that it will be up to 15 percent compounded annual growth. There are many reasons for this high growth rate, but it is especially credited to two main ones. These two main factors that are sending the life insurance industry upward…

Life insurance awareness in Iraq remains low

September 10, 2013September 10, 2013 Julie Campbell

Despite the high level of violence in the country, many Iraqi people lack knowledge about the coverage. Even though there are hundreds of Iraqi people who die every month as a result of the violence that still plagues the nation, there remains a lack of awareness regarding life insurance throughout the population. It is believed that the lack of awareness is the primary reason that people are not covering their lives. According to the state-owned Iraq Insurance Company’s general manager, Sadiq Abdul Rahman, who reports directly to the Ministry of…

Life insurance arm in Korea sold by ING

August 30, 2013August 27, 2013 G. Turner

The financial services group has now sold the South Korean unit to MBK Partners Ltd. ING Groep NV has now announced that it has managed to sell its South Korean life insurance unit, after having made the second attempt with a span of twelve months to accomplish this goal. It managed to raise approximately $1,646,800 (1.38 trillion South Korean Wan). The amount for the purchase was agreed upon by the buyer, MBK Partners Ltd., which is an Asian buyout company that was created by executives formerly from the Carlyle Group.…