Online Life Insurance
Two-thirds of People Over-estimate Cost of Life Insurance
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
Life Insurance - Insurer enters the virtual age
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
Life and Health Insurance Industry welcomes Alberta Insurance Legislation Amendments
The Canadian life and health insurance industry welcomes long-awaited amendments to Alberta’s Insurance Act which received Royal Assent on November 4, 2008 and strongly encourages other provinces to
follow Alberta’s lead.
“This is a major development in the evolution of insurance regulation in Canada and we congratulate the province of Alberta for its leadership in passing this important legislation,” said Frank Swedlove, President of the Canadian Life and Health Insurance Association (CLHIA). Read more
Being a new life insurance agent, what are ideal ways to enhance portfolio of life insurance customers?
One year down the line in life insurance business, I feel lack of custmers affecting my growth. I’d like to grow my portfolio of customers using new ways to market myself. Till now I have used friends and relatives and past customer base as my target audience. How do I target the strangers market and how do I productively segment it.
What is the best life insurance that will pay in case of a suicide?
I need to know what the best life insurance I can get that will pay out in case of a suicide. I know that there probably isn’t many. But I need as much info as I can get. I need my family taken care of and as for now they won’t be. Please help. Any info will be greatly appreatiated. The life insurance I have now will not pay for suicide for another year and a half. Thank you so much. Netty