Life Insurance Roundup, May 13, 2016

GWG Portfolio of Life Insurance Policies Tops $1 Billion –

GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, today announced its portfolio of life insurance policies has exceeded $1 billion in face value of benefits. 

Cost of Aging: Long-term Care and Life Insurance

The median annual bill for a private room in a nursing home is edging close to $100,000 – about $248 a day. That’s according to insurance company Genworth Financial, which sells policies covering long-term care. Genworth reported that the cost is an increase of 1.2 percent from last year and an increase of nearly 19 percent since 2011. 

Succession Capital Alliance Honored for Reinventing the Industry of Life Insurance

Succession Capital Alliance has been awarded the Reinventing Company of the Year award from the Orange County Chapter of the Association for Corporate Growth (ACG). This coveted award recognizes how the strategies offered by Succession Capital Alliance have reshaped the landscape in how the affluent purchase large life insurance policies for estate, business, and retirement planning purposes by incorporating the Capital Maximization Strategy (CMS). 

5 Reasons All Moms — Even You! — Need Life Insurance | The Stir

Life insurance. It’s the sort of thing that can be stressful to work through, but it’s also one of those things you absolutely should figure out, especially if you have kids – and whether you are an income-earner or not. Raising a family means protecting your family at all costs, and if the legacy you envision is full of happy memories of good times growing as a family, you’ll want to make sure those won’t be overshadowed by financial debt and worry after your death. 

92-Year-Old Veteran Says He Was Defrauded Of Wife’s Life Insurance – InsuranceNewsNet

May 12–A jury trial date has been set in the case of a 92-year-old Hunt resident who claims his terminally ill, now-deceased wife was tricked by her coworkers into removing him from her life insurance policy so they could collect the money. 

The states where the most life insurance is sold | LifeHealthPro

The stats are well-known: Less than 60 percent of the United States population has life insurance. Most consumers think they need more coverage, but don’t think they can afford it. In part, this is because the cost of life insurance is not widely understood: 80 percent of consumers misjudge the expense associated with term life insurance. 

Growth in new business premium for life insurers in FY17 | The Financial Express

The life insurance industry began the current financial year on a positive note as new business premium in April grew by 51.33% year-on-year (y-o-y). The data from Life Insurance Council shows private insurers registered growth in new business premium at 24.21%, while Life Insurance Corporation of India (LIC) saw its growth at 64.1% in April. 

New research: House, health, contents and car trump protecting your life | btob

An independent report analysing New Zealand’s life insurance industry reveals the number of people insured in New Zealand has been static for over three years – highlighting a need for industry-wide change across a number of key areas including improved transparency, an increased focus on consumer education, and access to trusted advice.  

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