Life Insurance Roundup, May 20, 2016

State Suing Life Insurance Companies For Not Paying Beneficiaries « WCCO | CBS Minnesota

People pay into life insurance policies with the expectation that loved ones will benefit when we die. But WCCO discovered the State of Minnesota has sued several companies for not paying beneficiaries, to the tune of tens of millions of dollars. Many have settled, but even more companies are pushing back, saying they shouldn’t have to pay. 

Securian and Annexus Launch New Indexed Universal Life Insurance Policy | Business Wire

Securian Financial Group, one of the nation’s largest financial services providers, and Annexus, a leader in indexed product design and distribution, have formed an alliance and launched Balanced Growth Advantage—a new indexed universal life (IUL) insurance policy with uncapped interest crediting potential. 

Business News – Latest Stock Market and Economy News India

Sentiment on the Street remained cautious after comments from a key Federal Reserve official led to increased expectations of the US Federal Reserve hiking interest rates as early as next month. 

Press Release: New Tool That Will Save Aussies on Life Insurance

Anonymous, no commitment, 100% accurate personal insurance quotes tool has been launched in Australia to help you save on Life Insurance products. 

HIV-positive people not given adequate insurance –

People diagnosed with HIV still face difficulty in getting insurance cover, Chris Morgan has claimed. Mr Morgan, lead financial adviser for Unusual Risks Mortgage and Insurance Services, claimed too few providers offer cost-friendly premiums for people living with, and receiving treatment for, HIV. 

Treasurer’s office flooded with claims in response to missing insurance benefits | WPRI 12 Eyewitness News

Earlier this week, Call 12 For Action told you about millions of dollars worth of life insurance benefits that were never paid out to beneficiaries. Since then, many residents have reportedly discovered their missing money. 

Access Bank partners WAPIC, Ghana Life for Bancassurance  – Graphic Online

Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance companies to launch innovative insurance products for consumers in Ghana, In line with its strategy to build capacity in retail banking. 

Insurers now offer value-added services | Business Standard News

When your furniture at home has to be replaced, your insurance company could come to the rescue. Going beyond basic products, these now offer facilities such as concierge services, doctors for a second opinion, gift delivery and day-to-day repair assistance. And, communities being built to share information about products. 

State seeks to return $1.5 billion in unclaimed property

Ocala resident Matilda Council got an $8,784.12 surprise from the State of Florida: a check for unclaimed property that she didn’t know existed. 


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