Archive for February, 2005

Life insurance should be used for more than mortgages

Sainsbury’s Bank has called on Britons to make sure their life insurance covers more than just their mortgages, as this could leave their loved ones exposed.
The bank is calling on people to remember the true benefit of life insurance - the ability to provide your family with long term financial security should the worst happen.
Research […]

Tuesday, February 8th, 2005

N.M. governor to subsidize guard insurance

Gov. Bill Richardson signed a bill Wednesday making New Mexico the first state to underwrite $250,000 in life insurance for National Guard members.
“Our troops need more than speeches and pats on the back. … They need help for their families,” he said.
The Senate passed the bill unanimously Tuesday before sending it to the governor. The […]

Tuesday, February 8th, 2005

National Guard Life Insurance

Eight months ago soldiers with the 278th Regimental Combat Team were running and getting into shape knowing they may be sent to Iraq. Now they’re in Iraq and many families are left wondering when or if they’ll come home.
“It’s something any of us could be going through, me or anybody. I think about it […]

Tuesday, February 8th, 2005

War supplemental might target military life insurance sales

Senators might use President Bush’s fiscal 2005 supplemental spending request as a vehicle to curb predatory sales of life insurance and other financial products at military installations around the globe.
During a Senate Armed Services Committee hearing Tuesday, Sens. Susan Collins, R-Maine, and Hillary Rodham Clinton, D-N.Y., said they hope to use the anticipated $80 billion […]

Tuesday, February 8th, 2005

Life Insurance for Guard Members Underwritten

Gov. Bill Richardson signed a bill in Santa Fe making the state the first to underwrite $250,000 in life insurance for National Guard members.
“Our troops need more than speeches and pats on the back. They need help for their families,” the Democrat said.
The measure passed both houses of the Legislature by unanimous vote.
Life Insurance for […]

Tuesday, February 8th, 2005

SBI to foray into non-life insurance, infotech

State Bank of India will apply for permission to set up a non-life insurance company even as it is preparing to shortly launch its infotech venture. SBI chairman, AK Purwar, told TOI that the bank had gained considerable experience while marketing the general insurance products of New India Assurance Company.
“A viability study for starting SBI’s […]

Tuesday, February 8th, 2005

Bao Viet Life Insurance Company becomes LIMRA Int’l member

The Bao Viet Life Insurance Company has become an official member of the Life Insurance Marketing and Research Association (LIMRA International).
The company will get access to international standards of product designing, business activity assessment, and professional ethics training for sales agents.
In addition, LIMRA will provide the company with expertise in personnel selection and […]

Tuesday, February 8th, 2005

Integrity Life Insurance Company First to Combine ETFs and Variable Annuities

For the first time in the annuity industry, investors can purchase exchange-traded funds (ETFs) within a tax- deferred variable annuity. Integrity Life Insurance Company and its New York- based sister company, National Integrity Life Insurance Company, now offer ETF fund-of funds portfolios in all of their variable annuities. Financial representatives and their clients have access […]

Tuesday, February 8th, 2005

Covington schools offering free life insurance

A new program at Covington Independent Public Schools would give qualified employees and students’ families $50,000 in free life insurance.
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According to a news release, the school district is partnering with MassMutual Financial Group and Stacy Financial Group to offer the free, 10-year term life insurance policies through Ready to Learn, the district’s program to […]

Tuesday, February 8th, 2005

American Viatical Launches New Website Targeting Financial Planners, CPAs, Insurance Agents and Other Professional Advisors

$100 billion of Life Settlements should have been transacted in 2004, but the final total was less than $6 billion. The primary reason for this shortfall: not enough participation by financial, accounting and legal advisors. “Tens of thousands of policy owners are being left in the dark, because their trusted advisors are not telling them […]

Tuesday, February 8th, 2005

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