However, it was my absolute certainty that life insurance was essential that motivated him.
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Mr. Keating also noted the crucial role that life insurance can play in helping small businesses survive the death of a founder.
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Ten years ago regulators got worried that life insurance companies had too little set aside to cover future liabilities that might follow a rush of death claims.
According to this story, some companies use the Social Security death file as a source to make sure that they are not continuing annuity payments, but for determining that life insurance payments need to be made, not so much.
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Permanent insurance is a far more complex product that combines life insurance with some form of savings plan and is often designed to stay in force for life.
Mutual whole life insurance, a contract that is a life insurance policy with a savings account attached, is also enjoying a major renaissance.
Advisors need to do a better job of educating clients about that, and about vehicles like old fashioned participating whole life insurance that shifts the risk in our lives away from us to an institution mutually owned by its policyholders.
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Among the 35 million Americans households that have no life insurance, 11 million include children under age 18.
Last week, it was announced that New China Life Insurance Co.
Three days later, Abbey National, Britain's sixth-largest bank, said that its life-insurance subsidiaries would pay no bonuses at all this year to many of their customers.
The insurance industry was reintroduced into China in 1979, first with property insurance that year, followed by life insurance in 1982.
Check to see whether you can convert the life insurance and disability insurance that your employer provides from a group plan to an individual plan.
It doesn't cover any life insurance payouts - and now that Heist is not, in fact, dead, the life insurance company will want their money back.
You might have purchased life insurance that is no longer necessary in your planning needs.
Petitioner did not present any evidence that she canceled the life insurance policy pursuant to its terms.
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Variable annuities are a form of life insurance that includes a lump-sum death benefit and tax-deferred investments, often mutual funds, which are supposed to provide income during a client's lifetime.
For institututional investors, longevity risk is typically defined as the risk that pension funds and life insurance companies may have to pay out more to beneficiaries than previously calculated due to rising life expectancies .
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Inside it, ING was selling variable and fixed annuities, which are mutual funds and bond-like investments wrapped in life insurance that, in policies like ING's, cost several times more than low-cost alternatives and provide minimal coverage.
Data from life insurance companies suggests that in the fifth and sixth decades of life you are less likely to die over the coming year than at any other time in your life.
An insurer, you see, will assume that on average, those who buy private life insurance must be doing something dangerous that prompted them to worry about prematurely dying.
Some insurance agents push "hybrid" policies that combine long-term care with life insurance as a way to lower costs.
That said, generally the life insurance alternative protects against interest being, on average, higher in the future.
Falcone is the chief executive of Harbinger Group, a holding company that owns consumer products and life insurance assets.
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At one time it was believed that this roundabout sliver of life insurance was necessary to get the tax deferral.
They can market them with a life insurance trust that "replaces" for heirs the asset that the donor has given away.
The company announced that Matrix Direct, its life insurance unit, had a 24% spike in business when advertised as AIG direct instead.
The company may require that you to purchase a life insurance policy, which will add to your transaction expenses and reduce your payout.
Similarly, the Court found that the purchase of certain life insurance policies by the Debtor to support his wife in case he died, were also reasonably and necessary expenses.
If the spouse is unaware of the buy-sell agreement and has not consented to it, there is the risk that the payout of the life insurance proceeds will be disputed.
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