Expert: Life insurance, annuities can guard business owners in lawsuits A recent survey found that 4 in 5 businesses owners are concerned about frivolous lawsuits, but few have asset protection plans to prevent or limit losses due to legal action. Life insurance, annuities, limited partnerships, limited liability companies and captive…
Indexed universal life helps reduce volatility, expert says Retirees have commonly used indexed universal life insurance for supplemental income but now are using it more frequently to tackle retirement-portfolio volatility, says Mark Peterson of American International Group. InsuranceNewsNet online (3/2)
Commentary: Cash-value life insurance can have many benefits Cash-value life insurance can provide policyholders with tax advantages, guaranteed benefits and certain safeguards against creditors, writes Russell Towers of Brokers’ Service Marketing Group. National Underwriter Life & Health (2/26)
Chronic-illness riders are a growing trend, experts say More life insurance companies are adding chronic-illness riders in policies, often for no extra premium as living benefits, experts say. Insureds, however, appear reluctant to use such benefits for fear of reducing the death benefit, according to Joe Atamaniuk of General Reinsurance….
Insurers want NAIC to rein in illustrations for indexed universal life Maximum crediting rates used in illustrations for indexed universal life insurance often are unrealistic and “potentially damage the reputation of the entire life insurance industry,” according to MetLife, Northwestern Mutual and New York Life. The insurers called for curtailing…
Analysis: Insurance coverage for diabetes varies greatly An analysis of the summary of benefits and coverage forms from 10 bronze-level health-insurance-exchange plans shows that a patient with type 2 diabetes and $5,400 in annual costs could pay as little as $1,500 out of pocket in Massachusetts and as much as…
Commentary: Critical-illness insurance is key retirement consideration Agents and advisers should approach clients’ retirement portfolio with a balance that meets their particular needs, taking critical-illness insurance into consideration along with life, health and disability coverage, writes Donald Hansen of The Ark Group. InsuranceNewsNet Magazine (11/2014)
Commentary: Many factors can boost life insurance underwriting outcomes Clients have options for overcoming adverse life insurance underwriting outcomes, with advisers having the responsibility of finding insurers and policies that best fit client needs, Allen Gersten writes. A client’s improved medical condition could lead to improved offers, while an insurer’s…
Young clients benefit from term insurance’s lower costs, advisers say Term life insurance rates have dropped considerably because of longer life spans and better underwriting, Alan Lavine writes. Advisers say term insurance is a good option for young clients because of the lower cost, which can leave money for other…
Commentary: Life insurance industry needs to engage middle-market consumers The life insurance industry’s focus on affluent clients has increased, but it needs to help middle-market consumers recognize their financial need for life insurance, writes Neil Sprackling of Swiss Re. The industry should seek to increase sales through the use of…
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
