Life Insurance Roundup, July 22, 2016


Financial advisers seek to overturn life insurance legislation | afr.com

A group of disgruntled advisers says it will be “tripling” its efforts to overturn legislation designed to limit upfront and trailing commissions paid to planners for selling life insurance policies. 


Watch against errors in exchanging life insurance policies

In a recent column, I discussed the advisability of policy owners investigating from time to time the tax-free (Section 1035) exchange of cash-value life insurance and annuity policies.  Such exchanges are sometimes advisable when an older policy is not doing as well for the policyholder as a more modern policy could do. 


New appointments at Azerbaijan’s Pasha Life insurance company

Lala Jafarova and Rustam Mammadov have become members of the Management Board at Azerbaijani insurance company Pasha Life. 


Life Insurance Accounts for the Largest Share of Both Voluntary Inforce and Sales, According to an Eastbridge Report. | Business Wire

Results from Eastbridge Consulting Group’s U.S. State ESI and EPI Data report show that life insurance continues to lead the market in share of both inforce premium and new sales. However, a deeper look at the numbers shows there is more to the story. 


Broker-dealers expected to overtake independent agent channel in life insurance sales

According to a recent report, insurers will be more likely to choose the insurance broker-dealer channel to sell life insurance and annuities instead of the independent agent channel in the next two years. 


Final Expense Life Insurance Premium Up 5% In 2015 – InsuranceNewsNet

Final expense life insurance sales increased 5 percent and policy count rose 4 percent in 2015 (compared with 2014 results), based on a survey by the Life Insurers Council, CSG Actuarial, Inc. and Competiscan. 


How much life insurance is enough?

Start by figuring out what you can afford and how long you will need it for, and then work out the sums. 


China Life Insurance Near Overbought Level After Rally: Chart – Bloomberg

A 15 percent rally in China Life Insurance Co.’s U.S.-traded shares has pushed its relative strength index to near 70, a level that frequently precedes a reversal. When the momentum gauge last breached that line in April 2015, a 10 percent drop followed. 


Allianz Life Insurance Company of North America Financials and News | 30 Best Workplaces in Finance and Insurance

“Titles are not important at Allianz Life. People identify themselves by their department, not their title. Employee’s ideas are considered and valued no matter what rank they hold in the organization,” says an employee. 


BRIEF-Shenzhen Wongtee’s unit plans life insurance firm with partners | Reuters

Shenzhen Wongtee International Enterprise Co Ltd, says unit plans to invest 200 million yuan ($29.89 million) to set up life insurance firm with registered capital of 1 billion yuan with partners. 


City to discuss whole life insurance plan – ddtonline.com: News

City council members at tonight’s meeting will consider approving a whole life policy plan through New York Life Insurance Company, giving employees an opportunity to buy into the plan. 


ICICI Prudential Life Insurance leads ULIPs race with a little help from ICICI Bank – The Financial Express

ICICI Prudential Life Insurance, which is the market leader in the universe of private sector life insurers continues to maintain its lead in unit-linked insurance plans (ULIPs). 


Get The Most Out Of Your Life Insurance Policies Before 2017! – Tax – Canada

Life insurance rules have remained relatively intact since 1982, but that’s about to change. Starting January 1, 2017, new income tax legislation will come into effect that will change some taxation aspects of life insurance policies. 


Life insurance sector sees 33% growth in first quarter

The 24-member Indian life insurance industry ended the first quarter of the current fiscal with a new business premium of Rs 31,392.55 crore – logging a growth of 33.2%, the Life insurance Council of India said, reports a daily newspaper. 


Kolkata | Max Life Insurance launches ‘Cancer Insurance Plan’ | The Echo of India

Max Life Insurance, non-bank promoted private life insurer, a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance Co Ltd, today announced the launch of its new product -‘Max Life Cancer Insurance Plan’–a protection plan that is designed to provide financial assistance across all stages of cancer. 


IndiaFirst Life Insurance Partners with Nainital Bank

IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal & General (UK) today, announced a partnership with Nainital Bank Limited, for the distribution of its products. 


Enhanced financial modeling software available for U.S. life insurers – NASDAQ.com

Updated U.S. Library of Applications provides life insurers with ways to better manage their books of business. 


ICICI Prudential Life Insurance files DRHP for Rs 5,000-crore IPO – The Economic Times

NEW DELHI: ICICI BankBSE 2.11 % has filed draft red herring prospectus (DRHP) with Sebi for an initial public offer (IPO), worth up to Rs 5,000 crore.


Life insurance industry logs 33% growth in first quarter | Business Standard News

The 24-member Indian industry closed the first quarter of the current fiscal with a new business premium of Rs 31,392.55 crore, logging a growth of 33.2%, the Life Insurance Council of India said. 


Credit life insurance provides a safety net for borrowers, Business, Phnom Penh Post

More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their families from the burden of these debts in the event of death or disability. 


Cash Value Life Insurance: The Best Financial Safe Haven

I had thought that Treasury bonds were supposed to be the gold standard for investment safety.  The financial safe haven to the world.


IndiaFirst Life Insurance partners Nainital Bank – Times of India

Mumbai, Jul 18 () IndiaFirst Life Insurance today announced a partnership with Nainital Bank for distribution of its products. 


The Hartford Integrates Dental, Vision Coverage With Its Disability, Life Insurance For Small Businesses

The Hartford has integrated dental and vision coverage with its group disability and life insurance enabling brokers to create comprehensive benefits packages for small businesses with fewer than 50 employees. 


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