Regulators issue alert on retained asset accounts

September 2nd, 2010

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

U.S. Insurance Regulators Issue Consumer Alert on Life Insurance Death Benefits

September 2nd, 2010

State 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, 2010

Two 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, 2010

The 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, 2010

U.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, 2010

A 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, 2010

Washington, 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, 2010

BOSTON /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, 2010

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 …
types of life insurance policies