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11/30/2008 News For: Bajaj Allianz Life InsuranceWhole-life insurance dead wrong for young investor DEAR BRUCE: I have started working with a financial planner who is encouraging me to buy whole-life insurance. I'm not sure this is a good idea. I make just over $100,000 a year, and I have been putting a lot of money into several mutual funds for a while now. I am 26 years old, not married and have no children. My parents, in their late 50s, are in excellent health. I owe $25,000 on a student ... William Russell launches discounted group life and income plans for expats William Russell has launched discounted corporate life insurance and income protection plans for small expat employers. ... Fitch Downgrades Primerica Life Insurance Company IFS to 'A+' CHICAGO----Fitch Ratings has downgraded the Insurer Financial Strength rating of Primerica Life Insurance Company to 'A+' from 'AA-', reflecting Fitch's downgrade of Primerica Life's ultimate parent, Citigroup Inc yesterday. (AFX UK Focus) 2008-11-27 13:49 Swiss Re says some life insurers may face bankruptcy ZURICH, Nov 27 Reuters - Some life insurers that have veered away from their traditional business into banking could face bankruptcy or be bought, according to Swiss Re's head of client markets and executive committee member Michel Lies. "The more an insurer has played at being a bank, the higher it's exposed," Lies told the Swiss Insurance Forum in Zurich on Thursday. When asked if some life ... Husband's death leaves wife behind on the bills Marla's husband, Ed, died unexpectedly and they had no life insurance. She had very little savings, and the funeral expenses set her back. She receives Social Security but is still struggling to pay her bills. She is waiting to start receiving her husband's pension, which should get her back on track. She has fallen behind on her electric bill and has received a shut-off notice. Treasury Undecided Over Federal Bailout Funds for Life Insurers Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the U.S. financial bailout. They China Life interested in AIG Asia assets: source BEIJING/SHANGHAI Reuters - China Life Insurance Co Ltd <2628.HK><601628.SS>, the world's biggest life insurer by market value, is interested in buying Asian assets of American International Group Inc , a senior China Life executive briefed on the situation said on Monday. Friends Provident to take stake in Malaysia's AmLife UK insurer Friends Provident Plc said yesterday it agreed to take a 30 per cent stake in Malaysia’s AmLife Insurance Berhad business for 30 million pounds US$46.27 million in cash to expand its business. After banks, are insurance companies next in line? Life insurance companies are hoping they are next in line to get a piece of the US financial bailout. PICC Property Premium Income to Exceed 100 Billion Yuan in 2008 Nov. 29 -- Premium income at PICC Property & Casualty Co., China’s largest non-life insurer, will exceed 100 billion yuan $14.6 billion this year, President Wang Yincheng said. |