Shopping for life insurance is nothing like sauntering past a pair of shoes in a seductive showcase and deciding, just that second, to make them your own. It is a hard-nosed investment-deliberate and sobering.
“Many people think life insurance is morbid,” admitted Josianne Bovell. “But I like to call it a gift of love. You’re valuing […]
South African financial services company, Old Mutual has donated Rs. 7,24,417 to assist Red Cross relief work in India and other areas affected by the tsunami, as part of the nationwide drive by the country to raise funds.
Old Mutual CEO Khehla Mthembu said: “South Africa feels the pain of the tragedy in the East and […]
Many families with life insurance policies are under-insured, it was claimed today.
Only 16% buy life insurance to protect their family with financial security, research for Sainsbury’s Bank found.
The majority (44%) take out a policy simply to cover a mortgage, and these are the families who could find themselves struggling were the worst to happen, the […]
Deciding between term and whole of life (WOL) insurance could be the most vital financial decision you have to make as it could do more harm to your financial plans than any other existing financial product. When looking at life insurance, how do you know if you need term, WOL, or a combination of both?
The […]
FBL Financial Group, Inc. (NYSE:FFG) today announced that Chief Financial Officer Jim Noyce and Vice President-Finance Jim Brannen will be presenting at the New York Society of Security Analysts Insurance Industry Conference in New York at 9:50 a.m. ET on Tuesday, February 15, 2005. The presentation will include an overview of FBL Financial Group’s growth […]
Sumitomo Life Insurance, Japan’s fourth-largest life insurer, said it will pay 3.7 billion yen (HK$277 million) for a 29 percent stake in a life insurance venture with China’s PICC Holding to gain a foothold on the mainland.
The Osaka-based insurer, mutually held by policyholders, and PICC Holding, wholly owned by the Chinese government, plan to set […]
State legislators have reached an agreement on legislation to provide members of the New York National Guard with $250,000 life insurance policies.
Under the deal announced Monday, the state of New York would pay the premiums for active members of the Guard.
The National Guard currently makes life insurance coverage available to its members, but the soldiers […]
American National Insurance Company (Nasdaq: ANAT - News) announced fourth quarter 2004 net income of $79,746,000 ($3.01 per share), a 10% increase compared to the $72,304,000 ($2.73 per share) reported for the same period in 2003.
After-tax net gain from operations for the fourth quarter was $65,154,000 ($2.46 per share) compared with $49,609,000 ($1.87 per share) […]
Fitch Ratings has downgraded the insurer financial strength (IFS) ratings of Allstate Life Insurance Company and certain life subsidiaries to ‘AA’ from ‘AA+’ (as listed below). The same ‘AA’ rating was assigned to the Allstate Life Global Funding Trust program and certain outstanding issues. Fitch also affirmed The Allstate Corporation’s (Allstate)’A+’ long-term issuer rating, ‘F1′ […]
Jefferson-Pilot Corporation (NYSE:JP), parent of the Jefferson Pilot Financial companies and one of the nation’s leading life insurance, annuity, employee benefits, and broadcast companies, today reported net income of $1.06 per share for the fourth quarter of 2004, versus $0.82 for the fourth quarter of 2003. Earnings before realized investment gains increased 3 percent in […]