Posted on September 2nd, 2010 by mahir
Filed under Life Insurance |
Only 44% of U.S. households hold an individual life insurance policy — a figure that represents a 50-year low, a new study by LIMRA shows. Today, 30% of households — or 35 million — have no coverage, up from 22% of households in 2004, LIMRA said. At a time when finances are tense and the job market and the economy are struggling, “having the defense of affordable life insurance is more essential than ever,” said Catherine Theroux, a spokeswoman for the Windsor, Conn.-based LIMRA.
The study originate that four in 10 U.S. households with children would have difficulty paying bills if the main breadwinner died today. Most American families have less money to rely upon as a financial cushion than before the economic slump began in 2008, LIMRA noted. More than 40% of Americans said a major reason they have not bought more life insurance is because they have other financial priorities right now, such as paying off debt or saving for retirement, Theroux said.
Among households with children younger than 18, 11 million have no life insurance, the research organization found. A bulk of families either have no life insurance or not enough, leaving them one accident or terminal sickness away from a financial catastrophe for their loved ones, said Robert Kerzner, president and chief executive officer of LIMRA, LOMA and LL Global, in a statement. Word life is one of the most popular products for young families and the middle-income market, Theroux said. Total second-quarter U.S. sales of individual life insurance — calculated in new annualized premium — rose 7% from the same period in 2009, marking the second straight quarter in which sales increased from the prior year, according to LIMRA.
Word life, however, was the only product whose premium didn’t increase year over year. New annualized premium declined 11% and was down 7% year-to-date. According to a new column by executives at Swiss Re Life & Health America, after 15 years of sharp price declines, word insurance premiums began to rise in 2009. Through August 2009, the premium for a $500,000 policy for a 35-year-old man with a rate guaranteed for 20 years rose 5% on average, and the premium for a policy with a 10-year guarantee was up 6%.
Several leading companies raised word insurance premiums by as much 10% to 15% last year, and others have stopped writing long-term business.
Posted on August 30th, 2010 by mahir
Filed under Group Health Insurance, Health Insurance, Individual Health Insurance |
Insurance commissioners suggest barring health plans from bearing in mind anti-fraud efforts, coding upgrades and some consumption review as medical expenditures.
Physician and hospital associations have expressed general support for a proposal from state insurance commissioners on what health insurers should be allowable to believe medical spending under new individual health insurance system improvement regulations.
On Aug. [...]
Posted on August 26th, 2010 by mahir
Filed under Life Insurance |
Private insurance sectors planned to enhance its online insurance portfolio with launch of new products, a top company official said on Wednesday. The company, which originated operations in 2008, has collected Rs 166 crore of premiums in the last year.
“Of the total business, 7% of it comes from our online business….we want to strike it”, [...]
Posted on August 20th, 2010 by mahir
Filed under Health Insurance |
Health and Human Services Secretary Kathleen Sibelius today announced the award of $1 million to Texas to help break down on Texas health insurance premium increases. Texas will use this Affordable Care Act support to help improve the oversight of proposed health insurance premium increases, take action against insurers looking for unreasonable rate hikes and [...]
Posted on August 16th, 2010 by mahir
Filed under Health Insurance |
Imagine that you were in a dreadful car crash. Not only was there wide possessions harm to your vehicle, but you also suffered harsh injuries and have thousands of dollars in voluntary medical bills to prove it. In an effort to get back your losses from the insurance company of the driver who strike you, [...]
Posted on August 12th, 2010 by mahir
Filed under Group Health Insurance |
Group Health insurance premiums have been increased and cut its “exposure to the unprofitable group mediclaim”. Chief executive officer of R-Cap, said that following the approval from the Insurance authoritarian and Development Authority (Irda), the company has, on average, doubled the premium charged to customers for renewing or buying a new health insurance policy, with [...]
Posted on August 10th, 2010 by mahir
Filed under Group Health Insurance, Health Insurance |
WASHINGTON — As Americans move violently with double-digit hikes in their health insurance bills, millions are impending up against a hard reality: The state regulators that are academic to protect them can often do little to control what insurers are charging.
In a lot of states it is the insurance manufacturing that mainly controls the authoritarian [...]
Posted on August 6th, 2010 by mahir
Filed under Health Insurance |
There are many defective understandings of the function of training in today’s financial system out there and a lot of blame too. Such that it seems rather understandable but in fact necessary at the outset to note that job training agenda do not create jobs. To attain that goal today, we need public investment in [...]
Posted on August 4th, 2010 by mahir
Filed under Health Insurance |
People are going to get his/her health insurance quotes directly from the insurance agent because he/she has no idea that health insurance quotes are available online for free. Free online health insurance quotes help you to save your cash and make your life better because rates on offer are extremely good. It is very easy [...]
Posted on August 2nd, 2010 by mahir
Filed under Florida Life Insurance |
Kolkata-based Prakriti Ojha’s insurance agent called her last week to inform about a new, safe product giving assured returns, called a universal life plan (ULP). The 25-year-old is excited about the product, which guarantees returns with insurance.But financial planners are not. Their argument: ULPs are a combination of traditional endowment plans and unit-linked insurance plans [...]