Universal life insurance

INS 21 explained that insurance is a risk management tool how it protects individuals, families and organizations from loss. This protects the individuals, families and organizations by transferring the cost of loss to an insurer. The class explained the types of loss exposures for property, liability, and personal and personal loss. The purpose of insurance is to make the insured whole again. The class explained insurance as a business and the types of insures. There are private insurers:…

Dead Peasant Insurance Policies It seems there are no easy answers regarding the issue of dead peasant insurance policies. These insurance policies are ones employers take out on their employees. When the employee dies, the employer is able to receive money from the insurance company (Kim). There are several different aspects of these insurance policies one must consider when attempting to determine if they are cause for public concern. One should think about how these policies function and whom…

Ms. Dawn Loren, Director of Human Resources and Risk Management, stated the supplemental life insurance was first offered to retirees in 2011. The rates from 2011 to 2016 were $84.00 with a small increase in 2017 to $92.40. She noted in 2011 there were 20 retirees on the plan and currently there were 91. She explained the contributing factors for increase included number of retirees, census of the plain, and claims exposure. Mr. Mike Villella, Director of Finance, stated Cigna had submitted a…

Sun Life Financial (SLF) group of companies is a worldwide leader in protection and wealth management; with key operations in Canada, United States, United Kingdom, Hong Kong, Japan, Indonesia, India, China, Vietnam, Malaysia, the Philippines and Bermuda. In the Philippines, SLF is engaged in the business of life insurance, mutual funds, pension and educational plans. These businesses are being managed by, Sun Life Asset Management Company, Inc. (SLAMCI) for the mutual fund business; Sun Life…

Free HealthCare: Right or a Privilege? If Canada, Europe, and even Australia provide universal healthcare, why does the United States, one of the richest countries in the world, not do the same? The United States is in so much debt with other countries and even inside its own country that the healthcare is not on the list of their citizen’s privileges. The government should promote “the general welfare” as said in the Declaration of Independence. Free education, public law enforcement,…

How Does Your Life Insurance Build Cash Value? Many people understand the importance of life insurance. However, very few people understand how life insurance works. To add insult to injury, even fewer understand how a life insurance builds cash value. What Is Cash Value? Cash value is a key component to permanent life insurance. On face value, it is a tax-sheltered investment. Tax-sheltered investments are attractive because you can earn interest without the need to pay taxes on the money.…

1. One reason Ii don’t need life insurance is because I do not depend on a paycheck. If I were to die early thean my life insurance would give the money to my family to help replace my income . I am also single and do not have dependents, which live in a no-dependents household so is another reason that life insurance is really not important for me to have at this point in my life. I do not get a paycheck so it is really not necessary for me to buy life insurance because I will most likely not…

experience a life-threatening ordeal like a stroke. After such an ordeal, it makes sense to consider life insurance as a way to protect your family. However, after a stroke, your options for getting approved for life insurance dwindle significantly. You should AVOID applying for life insurance with every company with the goal of getting a reduced rate for life insurance. With that out of the way, here’s the silver lining; by remaining informed, you can learn the ins and outs of what insurance…

Small startups that want to redefine how insurance is provided into the work place as well as individually. Currently it is not that significant but AXA would be best to start investigating the threat and see how they can implement that model into theirs. One immediate large threat that AXA is facing is low interest rates. When interests are high, investments can return a greater profit. When they are low, as we are currently seeing in the US, insurance companies are not as profitable. Low…

Expense Insurance? As much as we’d like to think otherwise, our lives are finite endeavors. Death is a reality and must be prepared for, even if the confrontation of preparations makes us uncomfortable. Final expense insurance is the name given to policies that include some manner of coverage for burial, funeral and bereavement costs. It differs from life insurance in many key ways, most notably in the relative low cost and lack of pre-screening for health conditions. While many life insurance…