Pearblossom California Life Insurance

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Pearblossom California Life Insurance

As finance titans collapse, Americans fear for their life insurance   Americans who have ploughed their savings into life insurance and annuity-linked pension funds were running scared as financial titans collapsed around them.

Best downgrades life sector to negative  OLDWICK, N.J.—A.M. Best Co. has revised its rating outlook for the U.S. life insurance industry to negative from stable, expecting more downgrades and negative outlooks than upgrades and positive outlooks for U.S. life, annuity and health companies in the near to medium future.

Business Quick Take  American International Group’s AIG Taiwanese life insurance unit said customers terminated about NT$20 million US$624,025 in policies this week after the New York-based company agreed to give up a 79.9 percent stake in return for a bailout.

Life Insurance Firms in Customer Respect Group Study Ranked on How They Treat Online Customers  The Customer Respect Group, an international research and consulting firm that focuses on how corporations treat and respect their online customers, today released findings from its Third Quarter 2008 Online Customer Respect Study of Life Insurance Industry Websites.

Questions, answers for worried AIG policyholders  AIG's reach in the economy is huge: It ranks among the top writers of automobile insurance, commercial insurance and life insurance. It led the nation in fixed annuities sold through banks, writing more than $5 billion in 2007.

Learning Calendar  'Estate Planning Basics' — 6:30 to 8:30 p.m. Monday. Workshop about living trusts, wills, IRAs and life insurance, protecting your assets and avoiding estate planning pitfalls. 6:30 p.m. Wednesday. Workshop on IRA and 401k planning. Westlake High School, Room 283, 4100 W. Bank Drive. $35. 732-9022, eanes.augusoft.net.

How to get the most out of life  A good friend called the other day and offered this comment, “I know you have been selling life insurance a long time, but I don’t recall a single column you have written on the subject. Any reason?”

Creating a buffer against bad health  FREELANCE writer Anthea De Lima feels one of the smartest things she has done was sign up for a life insurance policy early on in her career. Back then, De Lima was a full-time journalist but she felt she needed the extra security that the policy offered.

The paradox of ULIPs  A couple of days ago there were some announcements from the Life Insurance Council, a lobbying body formed by life insurance companies.

AIG Philam Savings Bank has no exposure to US mortgage market  AIG Philam Savings Bank Inc., a thrift and savings bank affiliated with Philippine American Life Insurance Co. Philamlife, has reiterated that it does not have any exposure to the collapsed US investment bank Lehman Brothers.