BANGALORE (Reuters) – The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information. RAA provides the flexibility to earn interest on the life insurance proceeds, but …
does anyone know the real story
Regulators issue alert on retained asset accounts
September 2nd, 2010U.S. Insurance Regulators Issue Consumer Alert on Life Insurance Death Benefits
September 2nd, 2010State insurance regulators, under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum.
“You may be able to earn a higher rate of interest on the life …
more to read in our archives
MetLife Study Finds Typical First Year Income Loss for a Critical Illness is More Than $12,000
September 2nd, 2010
NEW YORK, Aug 23, 2010 (BUSINESS WIRE) — Two MetLife companion studies released today found that experiencing a critical illness, such as cancer, a heart attack or stroke, can reduce a family’s income by more than $12,000 in the first year alone — even with medical coverage in …
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MetLife Study Finds Typical First Year Income Loss for a Critical Illness is More Than $12,000
September 2nd, 2010Two MetLife companion studies released last week found that experiencing a critical illness, such as cancer, a heart attack or stroke, can reduce a family’s income by more than $12,000 in the first year alone — even with medical coverage in place — primarily due to the inability to work. …
great news thought i would never see this.
VAHU to explore health reform at Sept.14-15 conference
September 2nd, 2010The Virginia Association of Health Underwriters will hold its annual conference at the Kingsmill Resort & Spa in Williamsburg, Va., Sept. 14-15.VAHU to explore health reform at Sept.14-15 conference via IFAwebnews.
does anyone know when this will take effect
U.S. Risk is acquiring Unisource Program Administrators
September 2nd, 2010U.S. Risk, a national specialty lines underwriting manager and wholesale broker, acquired Sarasota, Fla.-based Unisource Program Administrators, a national workers’ compensation wholesaler.U.S. Risk is acquiring Unisource Program Administrators via IFAwebnews.
beneficiaries to life insurance policies
Striking Coca-Cola workers file ERISA suit over cancelled health benefits
September 2nd, 2010A class-action lawsuit has been filed by 500 Coca-Cola Bottling Co. employees who allege the company violated federal law by canceling their employee health benefits.Striking Coca-Cola workers file ERISA suit over cancelled health benefits via IFAwebnews.
thanks for visiting today!
Decision on CareFirst’s reserves delayed in D.C. again
September 2nd, 2010Washington, D.C., insurance regulators are again delaying a decision on whether the reserves possessed by CareFirst’s District subsidiary, Group Hospitalization and Medical Services Inc., are excessive.Decision on CareFirst’s reserves delayed in D.C. again via IFAwebnews.
can believe what i am reading, so unfair
John Hancock Retirement Plan Services Launches Innovative Online Tool to Help Financial Representatives Identify Needs of Prospective Clients
August 31st, 2010BOSTON /PRNewswire-FirstCall/ — John Hancock Retirement Plan Services (RPS) introduced Coach’s Corner, a powerful online tool designed to help financial representatives identify the needs of prospective clients in a more effective manner. Coach’s Corner is the latest addition to John Hancock RPS’s award-winning PRIME Elements program — a suite of …
this is bogus, who would think
Regulators issue alert on retained asset accounts
August 31st, 2010BANGALORE (Reuters) – The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information. RAA provides the flexibility to earn interest on the life insurance proceeds, but …
types of life insurance policies