Posted on: Monday, May 14th, 2012 by jcliff

American Family Life Insurance is a household name and they have a lot to offer their customers.  But you still have to ask yourself if it’s right for you and your family’s particular situation.  It’s important to gain a financial foothold in the event of your death and American Family can be a great option to help secure your future.

American Family offers three types of life insurance policies including term life insurance, whole life insurance and universal life insurance.  Their term policies are very common and offer temporary protection to help with large bills such …

Posted on: Wednesday, May 9th, 2012 by jcliff

If you are sending your child off to college this fall, you probably will not be making life insurance decisions with them.  Life insurance is not typically included in the slew of benefits universities offer their students.  So, do parents need to consider buying a life insurance policy for their college student?  That can only be answered by you and your family alongside your financial advisor, but recognize that many college students do have coverage.

According to the article “Life Insurance Not Common for College Students” by Jeff Sturgeon on Roanoke.com, less than half of people …

Posted on: Monday, April 30th, 2012 by jcliff

According to the LIMRA press release from April 24th, approximately 75% of all Americans have confidence in life insurance companies.  The new study from LIMRA points out that this number jumps to 90% when looking at Americans who own individual life insurance.

LIMRA found that consumers who have directly or indirectly seen life insurance make a difference in someone’s life, were much more likely to feel confident in life insurance companies when compared to consumers who had no experience in the matter.  Robert Kerzner, president and CEO of LIMRA, says this study further confirms that life …

Posted on: Friday, April 27th, 2012 by jcliff

A recent press release from BusinessWire announces that A.M. Best Co. has given The Northwestern Mutual Life Insurance Company and its subsidiary, Northwestern Long Term Care Insurance Company (NLTC) a financial strength rating of A++ and an insurer credit rating of “aaa”.  This is considered a superior rating for the insurer.

In addition to this rating, A.M. Best also affirmed the debt rating of “aa” on the outstanding $1.75 billion 6.063% surplus notes due 2040 of Northwestern Mutual.  All of the ratings are stable and the outlook is good.  These ratings are reflective of Northwestern Mutual’s …

Posted on: Wednesday, April 25th, 2012 by jcliff

We wrote a previous blog entry about the troublesome amount of life insurance proceeds that go unclaimed each year, and most of this is on the shoulders of the insurance companies.  The consumer does have some power over this though.  We all know it’s important to advise your beneficiaries of what you have set up with their name as a funds recipient, but that doesn’t always happen.  If you are like some of the thousands of Americans who think they are owed some life insurance, but are not sure how to go about checking, there …

Posted on: Friday, April 20th, 2012 by jcliff

MetLife is most well known for their quality life insurance which offers a wide array of options for a variety of customer demographics.  But the company has a lot more to offer and some of their products may surprise you.

MetLife has a solid dental insurance plan, Metlife Dental, which provides a detailed website going over dental options and benefits.  You can even view and manage benefits online as well as locate participating dentists and download dental claims.  They offer advice on oral health, choosing a dentist and dental insurance products.

There is also an …

Posted on: Tuesday, April 17th, 2012 by jcliff

The Hartford Financial Services Group made a surprising decision as they announce that they are selling most of their life insurance business.  The NY Times article by Michael J. De La Merced reports that this comes after pressure from one of their biggest shareholders, the hedge fund Paulson & Company.  Hartford also intends on slowing down their annuity business as well as they focus more on its core operations in property and casualty, group benefits and mutual funds.

Liam McGhee, the insurer’s chairman and chief executive, believes the added focus will lead to higher …

Posted on: Sunday, April 15th, 2012 by jcliff

If you are a veteran and looking for quality life insurance, you may have come across some road blocks.  If you have a pre-existing condition or are over the age of 50, you could be facing higher life insurance rates, and some veterans can’t find a quality policy at all depending on their situation.  Luckily, the Department of Veterans Affairs may be able to help qualified individuals find veterans life insurance.

According to the Department of Veterans Affairs website, life insurance policies are available to US veterans and can offer additional help finding supplemental coverage.  Public …

Posted on: Thursday, April 5th, 2012 by jcliff

A press release from Business Wire released earlier today, says New York Life Insurance continues to lead the pack when it comes to market share.  The company announced that it was the largest seller of new life insurance in 2011.  They completed the year with a strong 10.7% market share through the fourth quarter.  Their individual sales have continued to be encouraging as they increased about 12% over 2010.

Chris Blunt, head of New York Life’s Insurance Group, says the results are terrific and they credit New York agents throughout the nation.  They work …

Posted on: Wednesday, March 28th, 2012 by jcliff

MetLife, America’s largest life insurance company, failed the Federal Reserve’s “stress” test along with three other bank holding companies for 2012 according to Jeff Jeffrey’s article on InsuranceNewsNet.  The stress test is the 2012 Comprehensive Capital Analysis and Review which applies worst case scenarios to 19 complex holding companies through the end of 2012.  Because these four companies failed the test, the Federal Reserve rejected their capital management plans.

MetLife has fired back in defense of themselves arguing that the capital standards presented in this stress test don’t make sense for insurance companies.  Of …

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