Life Insurance

MetLife Study Finds Typical First Year Income Loss for a Critical Illness is More Than $12,000

2010-09-01T00:00:00-05:00

Two MetLife companion studies released last week found that experiencing a critical illness, such as cancer, a heart attack or stroke, can reduce a family's income by more than $12,000 in the first year alone -- even with medical coverage in place -- primarily due to the inability to work. ...

MetLife Study Finds Typical First Year Income Loss for a Critical Illness is More Than $12,000

2010-08-23T00:00:00-05:00

NEW YORK, Aug 23, 2010 (BUSINESS WIRE) -- Two MetLife companion studies released today found that experiencing a critical illness, such as cancer, a heart attack or stroke, can reduce a family's income by more than $12,000 in the first year alone -- even with medical coverage in ...

U.S. Insurance Regulators Issue Consumer Alert on Life Insurance Death Benefits

2010-08-16T00:00:00-05:00

State insurance regulators, under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum. “You may be able to earn a higher rate of interest on the life ...

Regulators issue alert on retained asset accounts

2010-08-16T00:00:00-05:00

BANGALORE (Reuters) - The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information. RAA provides the flexibility to earn interest on the life insurance proceeds, but ...

John Hancock Retirement Plan Services Launches Innovative Online Tool to Help Financial Representatives Identify Needs of Prospective Clients

2010-07-08T00:00:00-05:00

BOSTON /PRNewswire-FirstCall/ -- John Hancock Retirement Plan Services (RPS) introduced Coach's Corner, a powerful online tool designed to help financial representatives identify the needs of prospective clients in a more effective manner. Coach's Corner is the latest addition to John Hancock RPS's award-winning PRIME Elements program -- a suite of ...