Online Life Insurance
Philip Eichinger Joins Guardian Life Insurance Company As National Sales Manager
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
Life Insurance - Life insurance bonuses unlikely to fall
Singapore’s Life Insurance Association (LIA) president, Darren Thomson revealed that despite the downturn of the current economy, next year’s reversionary bonuses are unlikely to fall.
After concerns arose that bonuses will fall early next year, Mr Thomson, also president and chief executive of Manulife Singapore, said that the bonuses are “smoothed” over steadily making it a very gradual process in order to make it simpler for insurers to manage during both good and bad times. Read more
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 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
China Life Insurance turns higher in HK on better-than-expected H1
HONG KONG, Aug 26, 2008 (XFN-ASIA via COMTEX) — LFC | Quote | Chart | News | PowerRating — China Life Insurance Co Ltd shares turned higher despite weakness in the broad market after reporting better-than-expected first-half results.
Dealers said the 32 pct decline in first-half earnings that it reported was better than market estimates of as much as a 50 pct profit drop. Read more