When people speak of 10 year life insurance they are usually referring to 10 year term life insurance. Some companies sell a 10 year endowment policy but these policies are no longer popular because of their cost. With the 10 year endowment you would lay out more in premiums than you would for whole life insurance policies.
10 year life insurance…10 year term is pure insurance with no cash value accumulation or dividend eligibility. The premiums for this affordable life insurance policy usually remain level for the full 10 year period.
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Digital Insurance Inc. has announced the acquisition of a benefits firm in the Southeast.
Digital Insurance, Atlanta, has scooped up Complete Insurance Source Inc., Orlando, Fla.
The price of the deal was not available, but Bruce Goin, the owner of the agency, and his 14 employees will go to work for Digital Insurance, Digital Insurance says.
Digital Insurance has been using acquisitions to build a national benefits distribution business.
Complete Insurance Source offers human resources information sources (HRIS) and a payroll and benefits administration program.
The agency is the ninth Digital Insurance has acquired in the past 10 months.
In other insurance deal news, Wells Fargo Insurance Services, Chicago, a unit of Wells Fargo & Company, San Francisco (NYSE:WFC, has acquired EDIFY L.L.C., Fort Lauderdale, Fla., a benefits consulting firm.
The price of the deal was not available.
EDIFY was founded in 1996.
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A whole life insurance rate may vary from company to company. Some companies market more than one whole life type policy. Let us examine why there is such a disparity in whole life insurance rates and why the life insurance companies create policies the way they do.Although all life insurance companies are using the same mortality tables there is a vast difference in the whole life insurance rate one company will charge compared to another. Let us make one thing absolutely clear, all things being equal, the lower the premium the lower the cash value, The higher the premium the higher the cash value…
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In less than 3 years, U.S. employers may have a chance to use much of the money now spent on group health coverage for other purposes – such as increasing the income of highly paid employees.
Paul Fronstin, a researcher at Employee Benefit Research Institute (EBRI), Washington, writes about the possibility of employers dropping coverage — and using some of the savings to increase the pay of highly paid employees — in an analysis released by EBRI.
Some of the negotiators involved in drafting the Patient Protection and Affordable Care Act of 2010 (PPACA) went to great lengths to try to tailor the act in such a way that it would not crowd out much private group health coverage when major provisions take effect in 2014.
In 2014, health insurance exchanges are supposed to give consumers a ”one-stop” health insurance shopping system along with health coverage purchase subsidies delivered in the form of tax credits. Emplo
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Term life insurance policies are so straightforward in their description they are easy to understand. To put it simply…you pay a minimal premium per thousand on an annual, semi annual, quarterly or monthly basis. You die within the term that the policy is in force and the life insurance company pays your beneficiary the face value of the policy. In a nutshell that is how term life insurance policies work.There are two basic types of term insurance policies. There is level term life insurance and there is decreasing term life insurance.
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WASHINGTON BUREAU — The Internal Revenue Service (IRS) has changed the rules governing partial exchanges of annuity contracts.
The IRS is reducing the period of time it will consider when reviewing a partial exchange to 6 months, from 1 year.
The IRS made the change in Revenue Procedure 2011-38, a document that also eases some other limits on partial exchanges. The new revenue procedure, which amends Revenue Procedure 2008-24, will be effective for exchanges completed on or after Oct.
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A variety of factors have converged to put a bigger emphasis on the claims process for property/casualty insurers.
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A new report from Boston-based Aite Group notes that industry-wide premium contraction caused by a prolonged, increased industry consolidation and competition, dramatically and the emergence of the customer?centric paradigm have all played a part in moving claims to the forefront.
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MetLife Inc. says a unit will be responsible for managing a major military dental benefits contract.
Judge Eric Bruggink of the U.S. Court of Federal Claims issued a ruling Friday that supports a U.S. G
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