Online Life Insurance

The Guardian Life Insurance Company of America (Guardian) today announced that industry veteran Philip Eichinger has joined the firm as National Sales Manager.
Mr. Eichinger will lead retail sales efforts for Guardian’s annuity products and RS Funds, a family of mutual funds offered by RS Investments, an independently managed investment firm in which Guardian owns a majority interest. Read more

November 6, 2008 (FPRC) — Legal & General is concerned that people might avoid taking out protection because they think that it is too expensive. 65% of people polled1 by Legal & General over-estimated the cost of taking out Ј150,000 worth of life cover. 35% over-estimated the cost of adding a critical illness option to that life cover. Read more

A major American life insurance company has taken a big step into the virtual world by setting up their own space on popular web-based community Second Life.

AvivaUSA spent nearly half a million dollars setting up their virtual ‘island’ and it is costing them roughly $3000 a year to maintain it. The hopes are that it will encourage younger and more tech-savvy people to get involved. Read more

How often have we been told of the importance of buying life insurance to protect loved ones should we die prematurely?

To many that’s good advice. But now we are being told by insurance companies and financial advisors to buy insurance in case we keep living. It’s called critical illness insurance (CII) and as you might have guessed, selling this relatively new plan is proving to be no less of a challenge than selling life insurance at the beginning of the century. Read more

Life insurance was originally only purchased to protect loved against financial hardship if they were to be a death in the family. Whilst these policies did what they said on the tin, they were not the right match for everyone. Situations in life can change very quickly which can impact on a person’s finances, and render previously purchased financial products inadequate.

For example someone who purchased a life insurance policy and then became terminal ill may need the policy money in order to help them survive whilst they are alive. On the hand people may outlive their life insurance policies, meaning that their family never actually sees the money they have been paying over the years. Read more