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Life insurance provides a financial safety net in the event of death. It is a policy between an owner and an insurer, whereby benefits are paid to benefactors upon the death of the owner. A yearly premium is paid to maintain a life insurance policy. The rates for premiums vary on an individual basis and are determined by age, gender, health, and engagement in high-risk activities.
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Background
There are many types of life insurance policies, including: universal, whole, accidental death, limited pay and more. Life insurance is best suited towards those who are at high-risk for death, those that are financial cornerstones in a family or business, and those who need the peace of mind.http://www.mahalo.com/how-to-determine-if-you-need-life-insurance .In the U.S., life insurance is typically a for-profit business, and there are more than 2,300 companies. The total assets of U.S. life insurance companies was about $1.4 trillion in 1990.http://www-wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/1992/02/01/000009265_3961002085613/Rendered/PDF/multi_page.pdf . On average, life insurance payments comprise about 2% of disposable income in the U.S. In 2009, six life insurers were bailed out in the U.S. economic crisis: Allstate, Ameriprise, Hartford, Lincoln National, Principal Financial, and Prudential.http://www.cnn.com/2009/POLITICS/05/15/bailout.insurers/index.html
Disclaimer
The content in this page is not a substitute for professional financial advice. Please contact your financial adviser before using the information presented here.
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Fast Facts
- Maker: (Major Insurers): AAA, Allstate, American Family Insurance, Cigna, Colonial Life, Farmers Insurance Group, Genworth, HSBC, Hartford, ING, John Hancock, Liberty Mutual, Lincoln, Metlife, New York Life Insurance, Principal Financial, Prudential, State Farm, and State Life
- Origin: 5000 B.C. in China
- Number sold/in use: Approximately 2% of disposable income in the U.S. is spent on life insurance. http://www-wds.worldbank.org/external/de...
- Fact 5: There are more than 2,300 life insurers in the U.S.
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Managed Since: 10/20/2009
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Life Insurance Links Powered by Google
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MetLife | Life Insurance and other Financial Services
MetLife offers life insurance, annuities, disability insurance, retirement products, auto insurance, dental insurance, employee benefits, banking, and more.metlife.com -
Prudential | Retirement, Life Insurance, Real Estate, Benefits
http://www.prudential.com/prudential.com -
Life Insurance Rates: Term Life Insurance Quotes
Get help finding the best life insurance rates on the internet. Comparison shop for rates online and choose the best insurance for you.lifeinsurancerates.com -
Colonial Penn Program - We offer affordable life insurance ...
Colonial Penn Life Insurance offers affordable insurance coverage online, including whole life, term life, and guaranteed acceptance life.colonialpenn.com -
Need Life Insurance? Online Rates Quotes for Term or Whole Policy
Get free life insurance quotes online for all types of life insurance. Find affordable rates for term, whole, variable, universal life insurance policy.lifeinsuranceagency.com
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Life Insurance News
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Life insurance helps Allianz to strong Q3, stock up
By Jonathan Gould FRANKFURT, Nov 9 (Reuters) - Allianz unveiled forecast-beating quarterly earnings on the back of strong performances in life insurance and ...Forbes (November 09, 2009) -
Fitch downgrades Phoenix life insurance
NEW YORK — The life insurance subsidiaries of The Phoenix Companies Inc. received a ratings downgrade on Monday by Fitch Ratings. ...The Associated Press (November 09, 2009) -
Eastern Life and Health Launches e-bility Web Portal
EIHI operates through its subsidiaries a domestic casualty insurance group specializing in workers' compensation, a domestic accident and life insurance ...CNNMoney.com (press release) (November 09, 2009) -
IndiaFirst Life Insurance Gets Regulator OK To Start Operations
By Raghavendra Upadhyaya Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--IndiaFirst Life Insurance has received the final regulatory approval to start operations ...Wall Street Journal (November 09, 2009)
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Life Insurance on Twitter Powered by Twitter
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Life Insurance and the Suicide Clause: It's not a pleasant subject, but we need to discuss the suicide clause f.. http://bit.ly/1EqIuO
@financesarticle | November 10, 2009 09:10 AM -
Lower Life Insurance Premiums Due to Term Life Insurance Policies http://ping.fm/oSj0b
@andrewst1000 | November 10, 2009 09:05 AM -
Dave Ramsey on Life Insurance - Video http://ow.ly/AIrd
@FreeTweetGuide | November 10, 2009 09:05 AM
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Life Insurance Blogs
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CHRISTIAN STANLEY ANNOUNCES REVERSE-LIFE INSURANCE | Information ...
Christian Stanley Inc. has stepped up to the plate and has created Reverse-Life Insurance. This is a new financial planning tool that enables senior citizens to receive a substantial lump-sum of cash in exchange for a life insurance ...information-online.com (November 09, 2009) -
Know About the Best Life Insurance Quotes in the US
Life insurance policies in US provide financial cover to the insurer family during the death of the policyholder. These provide security against any income loss.qualityarticles.com (November 09, 2009) -
Cheap Life Insurance Rates Online | Farticle.net
Premiums will alter from one aggregation to the added as allowance companies are additionally there to aerate their.farticle.net (November 09, 2009) -
Life insurance | £50 on new life cover policy - Tesco Bank
Buy your life cover online with TESCO Life Insurance on or before 11th November 2009 and get a free £50 Gift Card. Get a life insurance quote online today!tescofinance.com (December 11, 2008)
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Life Insurance Products and Merchandise | View All
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Life Insurance Sales Ammo: What To Say In Every Life Insurance Sales Situation - $14.95
Amazon.com: Life Insurance Sales Ammo: What To Say In Every Life Insurance Sales Situation (9781440420290): Bill Greenback: Books
Amazon -
Questions and Answers on Life Insurance: The Life Insurance Toolbook - $24.95
Amazon.com: Questions and Answers on Life Insurance: The Life Insurance Toolbook (9781583484708): Anthony Steuer: Books
Amazon
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Mahalo Answers for Life Insurance | View All | Ask a Question
View All Life Insurance Questions (1344) | Ask a QuestionWhat is Death Insurance? Is it just the opposite of Life Insurance? (2 Answers)People refer to all types of life insurance as "death" insurance due to it being payable upon death.Standard life insurance policies (provides a financial safety net for your benefactor when ... read moreLife insurance agents, please help (1 Answer)I'm sorry you haven't got an answer yet for this question, perhaps by clarifying your question you will get more responses, I personally don't understand what your asking. read moreWho provides insurance on US Treasuries and how do the insurance work? (1 Answer)noone...a bank or insurance company could, however...that would mean that bank or insurance company would still be in business and had the money (presumably not in dollars) to pay the ... read moreWho provides insurance on US Treasuries and how do the insurance work? (1 Answer)noone...a bank or insurance company could, however...that would mean that bank or insurance company would still be in business and had the money (presumably not in dollars) to pay the ... read more
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