Term life insurance can make a valuable fringe benefit for top management and other valuable employees, writes David Szeremet of Ohio National Financial Services. Such coverage tends to be affordable for an organization to provide, and it can be portable for the employee, Szeremet notes. InsuranceNewsNet online
The timing of premium payments for guaranteed universal life insurance policies is important, writes Bill Boersma of OC Consulting Group. Payments made too late or too early can affect such policies' guarantee formulas, Boersma writes. WealthManagement
Seventy percent of respondents to a LIMRA and Life Happens survey said they would be more inclined to buy life insurance if medical testing during underwriting were reduced by using publicly available data to evaluate risk factors. BenefitsPro.com
Guaranteed Choice Whole Life Ranks #1 for Income Take a look at the PML Competitive Edge to see how Guaranteed Choice Whole Life with the Overloan Protection Benefit Rider outperforms the competitions’ optimum retirement income designs. Penn Mutual’s Overloan Protection Rider supports stronger retirement income by ensuring the policy will…
Research shows that there actually is interest from parents in buying life insurance for their children, which is why benefits advisers should be talking about permanent life insurance with clients, writes Pam Jenkins of Colonial Life & Accident Insurance Company. Among the benefits to highlight are affordability, protection of insurability…
The two major-party presidential candidates have totally different plans for estate and other taxes, and lawyer Martin Shenkman says advisers and their clients therefore should review portfolios before the election. Portfolios can benefit from incorporating life insurance under either outcome, he says. LifeHealthPro (9/14)
Universal life insurance is a good product for millennials to consider because it offers flexibility, it is relatively inexpensive at their age, and they can work payments into a budget, writes David Wilken of Voya Financial. In addition, such policies' built-up cash value has favorable tax treatment, Wilken writes. WealthManagement.com…
Brokers face a huge demographic change for life insurance as baby boomers age and millennials increasingly become potential customers. This shift presents challenges for brokers but also opportunity for those who adapt, embrace technology and offer a wider variety of products, says Michael Barry of the Insurance Information Institute. BenefitsPro.com…
The problems a life insurance policy can solve include lack of liquidity at death, high transfer costs, and a shortfall of cash for expenses when a person dies or experiences a major life event, this book excerpt notes. LifeHealthPro (8/22)
Life insurance carriers worldwide are raising premiums or curtailing sales of certain products amid near-zero or negative interest rates, prompting a consumer backlash. The New York Times (8/13)
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