Live Insurance News

Californians received $17.3 million in lost life insurance benefits in 2017 alone

November 21, 2018November 20, 2018 Julie Campbell

Residents of the state are being advised to use an official tool to check if they are owed money. In 2017, residents of California received $17.3 million from lost life insurance benefits. This is a striking reminder to Californians to find out whether they might be beneficiaries of lost policies. Everyone who received the money the benefits last year did not realize they were a life insurance beneficiary. Not knowing that you are due life insurance benefits is quite common. This means that many people are due substantial sums of…

Hybrid life insurance policies gain popularity as LTC payment plans

October 12, 2018October 11, 2018 Nordstrom

As long term care insurance skyrockets in price, many people are looking for alternative funding. Hybrid life insurance policies are beginning to take the place of long term care insurance policies. Traditional LTC products have plummeted in popularity due to their spiking premiums in recent years. To pay for long term care needs, consumers are turning to new types of insurance coverage. Hybrid life insurance policies are becoming a leading option in that area. These policies come in the form of life products that back long term care financing strategies.…

Fitness incentives now included in all John Hancock life insurance policies

September 25, 2018September 24, 2018 Marc

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers may pay less for their insurance policies. John Hancock life insurance is among the oldest North American insurers in that market. That said, as much as its company is steeped in tradition, it plans to cease the sale of those traditional policies. Instead,…

Nestle is selling its Gerber Life Insurance for $1.55 billion

September 21, 2018September 20, 2018 Julie Campbell

Gerber Life Insurance - Handshake - Business - Money

The transnational firm has announced its plans to sell the unit to Western and Southern Financial Group. Nestle announced this week that it intends to sell off its Gerber Life Insurance unit. Western and Southern Financial Group has agreed to purchase the life insurance unit for $1.55 billion in cash. Nestle chose to sell the insurance unit in order to send its attention back to its core businesses. The transnational company decided to let the Gerber Life Insurance firm go to place its focus back on the consumer health, food…

Amazon insurance policies to begin selling in India

September 19, 2018September 18, 2018 Marc

Amazon insurance policies in India - Flag of India

The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country in the world, by population. The goal of the insurance policy sales is to boost Amazon’s Indian financial service portfolio. The Amazon insurance policies will be sold as the company “aims to carry out the business of soliciting, procuring and servicing insurance as…

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…

Royal wedding excitement reminds couples to review insurance and important documents

May 21, 2018May 20, 2018 Julie Campbell

Royal Wedding Excitement - UK flag - wedding rings - hearts

This weekend’s marriage between Prince Harry and Meghan Markle was an important reminder to everyone. Couples around the world swept up in royal wedding excitement are encouraged to look at their own relationships. All the details surrounding the royal wedding were a great reminder to check our own important details such as insurance coverage and wills. We may not need billions in hired security, but we do need to keep our affairs in order. Prince Harry and Meghan Markle planned their wedding over months. Details included everything from the standard…