Life Planning Strategies
Life planning strategies, with ideas about how to use life insurance and related products to help people and businesses get things done.
Individual Life Insurance Ownership Falls to 50-Year Low, LIMRA Says
By John SullivanThe Trends in Life Insurance Ownership study, conducted every six years by the life insurance lobbying and marketing organization, found that only 44% of U.S. households have individual life insurance.
August 23, 2010
AIG Repays Nearly $4 Billion on Federal LoanAIG announced that it has repaid almost $4 billion to the Federal Reserve Bank of New York. International Lease Finance Corporation, a subsidiary of AIG, sold $4.4 billion in secured and unsecured notes to make the $3.9 billion payment.
August 23, 2010
High Net Worth Insurer PURE Moves to Another Coastal AreaHigh-net worth insurer Privilege Underwriters Reciprocal Exchange (PURE) is expanding to another state on its way to becoming a national carrier, our sister publication National Underwriter reported Friday, August 20.
August 23, 2010
MetLife Study Says Gen Y Faces Debt, Job Woes with Upbeat SpiritsWhile the vast majority of Generation Y'ers believe it's possible to achieve the American dream in their lifetime, only 34% feel that they have an adequate safety net and 38% say that they have credit card debt, according to a recent MetLife study.
August 20, 2010
N.Y. Issues More Subpoenas in RAA ProbeThe New York Attorney General's office has widened its investigation of retained asset accounts (RAAs) to include several more insurers, according to our sister publications from National Underwriter.
August 19, 2010
Starve, shoot, stab the beastEarly on in the Clinton Administration, my friend's father found himself on a Washington/Providence shuttle with Ira Magaziner, architect of Hillary's failed government health care...
August 19, 2010
LIMRA: Q2 Annuity Sales UpTotal annuity sales increased 11% from the first quarter of 2010, the first quarterly increase since the fourth quarter of 2008, LIMRA reports. Year-to-date sales...
August 19, 2010
SEC and GAO Issue Reports Regarding Life SettlementsLargely overlooked in the wake of financial regulatory reform, on July 22 two government agencies released reports discussing the regulation of life insurance settlements.