Life Insurance Roundup, March 23, 2016

Life Insurance Can Bite The Wealthy When It’s Time To Pay Estate Taxes – Forbes

Some combinations are delightful, like chocolate and peanut butter. But when life insurance mixes with estate taxes, the results can be good or bad. If you have significant assets, understanding this intersection is essential.

The IRS exempts the first $5.45 million from estate taxes for people who die in 2016.Only the amount of an estate above the exemption level is subject to federal estate taxes.If your estate’s value is $5.45 million or less, your heirs would not owe any tax on their windfall. If your estate is worth, say, $6.45 million, then $1 million would be subject to federal estate tax. 

3 ways to choose the right life insurance plan – NY Daily News

As we travel through the many stages of our financial life, our needs tend to change.

As young adults, those needs may be pretty straightforward, but important milestones to us at the time. We save for that first car, a ring for that special someone, maybe that first apartment.

As we move through future stages, that picture becomes more focused. Now, we are saving for a down payment on that first house, then comes college tuition for the kids and, eventually, retirement.

Besides those typical phases of life come the unexpected financial events that we may or may not have planned for. Things like the illness or death of a loved one, divorce, or a spouse that retires. 

New Wilton Manors company offers life insurance to people with HIV – Sun Sentinel

MacDonald Financial Services LLC has opened an office in Wilton Manors, providing life insurance for people with HIV.

Owner Travis MacDonald has been in the insurance and financial services industry since 1993 but says he had not been able to offer traditional life insurance to clients who were HIV positive.

“An HIV diagnosis used to be considered a death sentence and now, when compliantly following an antiretroviral therapy, life expectancies are rivaling those who are HIV-negative,” MacDonald said in a news release.

At the end of 2015, Prudential Financial announced that the company would begin offering 10- and 15-year convertible term life insurance policies for people with HIV. The Florida Department of Financial Services approved the sale of the product the first week of 2016.

Until then, MacDonald said, HIV-positive individuals were not able to buy traditional life insurance, other than a few small, limited benefit policies or group coverage through the workplace. 

Reliable Life Insurance Company presents check – The Daily Tribune : News

Reliable Life Insurance Company presented a check to Titus County Cares this week to be used for general funds.  Pictured Left to Right; Michael Miller, Reliable Life Staff Manager, Mary Katherine Milam, Marketing Director of TCC, Donald Haynes, Maria Bend, Jermaine Mitchell and Chuck Schultz, all Reliable Life Agents. 

Transamerica Increasing Charges on Life Insurance Policies by 40%, Jeopardizing Coverage after

In the late 1980s and early 1990s, Transamerica sold universal life insurance packages that promised to pay guaranteed monthly interest of no less than 5.5% annually, as well as death benefits, in exchange for premiums paid by policyholders into a policy savings account. Couples like plaintiffs Mary and Gordon Feller, and Margaret and George Zacharia, bought the policies so that they and their families would be protected as they entered their retirement years. But in June 2015, policyholders got a letter from Transamerica announcing that the company was increasing the monthly charges on the policy – by 38%, in the case of the Fellers and the Zacharias. This has left policyholders – now entering their retirement years – with the choice of paying higher premiums to cover the higher charges, or lose the policies. 

A.M. Best Revises Outlook to Positive for Jefferson National Life Insurance Company | Business Wire

The revision of the outlook to positive reflects the company’s improving operating performance through increased fee revenue and favorable expense management. Sales of JNL’s flagship variable annuity, Monument Advisor, have increased significantly in recent years, which along with generally favorable equity market performance, have resulted in increasing assets under management and fee revenue growth. The addition of Jefferson National Life Insurance Company of New York, a subsidiary of JNL, expands JNL’s licensing and distribution capabilities. Offsetting these positive rating factors are JNL’s relatively mono-line business profile, modest operating earnings in recent years and the challenges to reach operating scale against larger, better-funded competitors. 

Moody’s upgrades Mitsui Life Insurance’s Insurance Financial Strength Rating to A1; stable outlook

Moody’s Japan K.K. has upgraded Mitsui Life Insurance Company Limited’s insurance financial strength rating (IFSR) to A1 from Baa1.

The ratings outlook is stable. 

Report outlines U.S. non-life insurance market, trends |

Research and Markets, a global market information firm, has added the “Non-Life Insurance in the U.S., Key Trends and Opportunities to 2019” report to its insurance offering.

The report provides what Research and Markets says is a detailed outlook by product category for the U.S. non-life insurance segment, and a comparison of the U.S. insurance industry with its regional counterparts.

Among key highlights of the report include: 

Analysis and China Life Insurance Company Ltd. (ADR) (LFC) Earnings Review – Small Cap Wired

Wall Street await China Life Insurance Company Ltd. (ADR) (NYSE:LFC) to release earnings on March, 23. The stock increased 0.96% or $0.12 during the last trading session, hitting $12.57. China Life Insurance Company Ltd. (ADR) (NYSE:LFC) has declined 32.27% since August 14, 2015 and is downtrending. It has underperformed by 30.36% the S&P500. 


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