Income, Not Age, Will Trigger Start of Retirement: Study

Jun 29, 2011 Posted Under: Online Insurance Quotes

Insurers selling retirement products may tailor their presentations based on the results of a new study that states three out of four (73%) of American middle-income baby boomers say that their financial situation, not age, will determine when they will retire. The study was conducted by Bankers Life and Casualty Company’s Center for a Secure Retirement (CSR). Further, the study found females outrank males in their plans to consider their financial situation over age before retiring from the workforce.

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“Insurance Compliance Insight” has Interesting Articles on Compliance Challenges for 2011

Jun 29, 2011 Posted Under: Life Insurance News

I find ProBusiness Publishing LLC, publication [Insurance Compliance Insight] (“ICI”) a great resource for information and I look forward to its weekly arrival in my inbox. Alan Prochoroff, Editor and Publisher, regularly discusses the issues that are most important to those of us who are engaged in insurance compliance. The January 10, 2011 edition of ICI has several articles that, taken together, point out some of the significant challenges facing the insurance industry from a compliance and regulatory perspective in 2011.

The lead story is about changes in commissioners around the country.

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Top tips for people leaving the UK to work abroad

Jun 27, 2011 Posted Under: Online Insurance Quotes

Thousands of people each year take the plunge and move to another country or continent in search of their dream job or lifestyle. But taking the decision to work abroad can be both an exciting and a daunting step, especially if it is to a country you have never been before.

David Howell, group chief executive of Guardian Wealth Management, says that opportunities for people to work abroad have opened up considerably in recent years. For example, Qatar’s winning bid for the World Cup in 2022 will require a massive influx of professional and skilled workers into the country to develop the infrastructure and stadiums needed to host the competition.

Banks drop PPI appeal

Jun 26, 2011 Posted Under: Online Insurance Quotes

Consumers who took out a loan or credit card in the last six years have been told to check their documents to see if they were sold loan insurance, following a decision to re-open compensation claims.

So far the average sum paid out to consumers who complain they were mis-sold payment protection insurance (PPI) is £2,750.

Barclays, RBS and HSBC announced on Sunday that they would follow the example set by Lloyds and would no longer persue a legal fight against the Financial Services Authority (FSA) concerning sales of the controversial loan cover.

All cases which were put on hold at the beginning of the High Court case in October 2010 will now be re-opened and new cases will be accepted.

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Short term insurance

Jun 25, 2011 Posted Under: Online Insurance Quotes

If he is not a traditional health insurance plan term health insurance can be a good way to protect a short. With the valuable existing coverage for sudden illness or accident, plans for everyones needs are met.

Short-term insurance plan is for those insurance companies that currently have access to a not great. New employees waiting for coverage from their employer, the unemployed or temporarilyThe workers and graduates are good candidates for short-term insurance. Instead of waiting for a traditional insurance plan effective, these types of plans are useful, while you wait.

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2010 Lightning Damage Cost Industry More Than $1B

Jun 25, 2011 Posted Under: Online Insurance Quotes

Individual insurers have reported insured losses, ranging from $50 million to $1 billion, from recent storms and tornadoes. New numbers, from the Insurance Information Institute (I.I.I.), reveal the cost of recent lightning damage–more than $1 billion in insured losses in 2010.

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An analysis of homeowners insurance data by the I.I.I. found there were more than 213,000 lightning claims in 2010, up nearly 15% from 2009.

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Term Life Insurance Advantages and disadvantages

Jun 25, 2011 Posted Under: Online Insurance Quotes

There are a number of advantages and disadvantages of term life insurance. Going through the many pros and cons is a must in co-operation is a very important financial protection. Affordable term life insurance policy is the type that provides coverage for a specified period. If the plan is to mount and death occurs within a period specified in the rules, the beneficiary receives the face value of the policy. You will not receiveCompensation benefits beyond the specified contract. The cover is offered with a payment schedule with a fixed premium for a limited period. Read more…

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