Illinois officials say residents have been able to collect more than $15 million from lost or unclaimed life insurance policies this year with help from the Department of Insurance. Illinois Department of Insurance Director Robert Muriel says about 25 percent of life insurance policies aren’t paid to beneficiaries because family members are unaware of the coverage or don’t have necessary paperwork. Muriel says residents can get help finding insurance policies issued to a deceased family member by filing a request online . He says insurance companies are legally required to try and locate someone’s beneficiaries, but residents who think an insurer failed to pay can get help from the state. Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. … [Read more...] about Illinois agency can help find unclaimed life insurance money
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Vietnamese people used to believe "an unfortunate man would be drowned in a teacup" but now they are willing to buy insurance to protect themselves and their families, according to Clive Baker, CEO of Prudential Vietnam. It was in 1999 when Prudential entered the insurance market in Vietnam. At that time, life insurance was still a completely new and strange concept for many Vietnamese people. Avoid mentioning risks or proactively preparing for unexpected events? Back then, Vietnamese people’s mindset for protecting themselves for the future was entirely focused on savings. The implementation of a savings plan was arbitrary and lacked discipline. As a result, they did not have enough to spend when difficulties occurred. Vietnamese people also tended to avoid talking about, thinking of, or discussing unfortunate things. The Vietnamese expression "an unfortunate man would be drowned in a teacup" partly reflects this mindset. People would not make any preparations to face … [Read more...] about Gradually changing perspections about life insurance
By Tara Siegel Bernard Updated 8:02 pm PDT, Saturday, August 31, 2019 Karen Herzog, 73, is one of tens of thousands of policyholders who will face a rate increase this year. Karen Herzog, 73, is one of tens of thousands of policyholders who will face a rate increase this year. Photo: Charlotte Kesl / New York Times Photo: Charlotte Kesl / New York Times Image 1 of / 1 Caption Close Image 1 of 1 Karen Herzog, 73, is one of tens of thousands of policyholders who will face a rate increase this year. Karen Herzog, 73, is one of tens of thousands of policyholders who will face a rate increase this year. Photo: Charlotte Kesl / New York Times Your long-term care insurance rate spiked. Now what? 1 / 1 … [Read more...] about Your long-term care insurance rate spiked. Now what?
8.3Out of 10Click to Get a Travel QuoteThis article may contain affiliate / compensated links. For full information, please see our disclaimer here.Looking for an honest World Nomads travel insurance review?Before you roll your eyes and sigh, thinking this is another boring insurance article, give me a chance. To be perfectly honest, I was one of those people who never gave much thought to travel insurance. In fact, during my first trip around the world, the only reason why I took out a plan was because it was a mandatory requirement for visa applications.At that time, I admit to taking out the cheapest plan possible, without giving much afterthought to what it actually covered.This was up until I found myself getting rushed to the Emergency room in an ambulance in Vietnam due to multiple lacerations in my arm and hands (more about this later).Since that accident, insurance has become more than just a haphazard thought and because we travel for a living, we’ve sought out the best … [Read more...] about World Nomads Travel Insurance Review: HONEST REVIEW
Mr. Tan Haifeng, Aviva Vietnam’s CFO and appointed actuary Actuaries are generally regarded as playing a very important role in emerging markets like Vietnam to promote and design insurance products. As Aviva Vietnam’s appointed actuary, what do you think about this? The Actuary plays an equally important role with other insurance colleagues across the value chain to achieve customer satisfaction. We can only deliver excellent experiences to customers when we all put customers at the heart of our decisions and collaborate seamlessly. The actuary takes greater accountability in ensuring fairness and sustainability. Here, fairness is about bringing good product value to customers, fair pricing, and overall fairness between existing and new customers, the right rewards for customer loyalty, and adequate rewards for distribution advice. In short, it’s about value optimisation across customer segments, distribution, and shareholders. Sustainability is about the peace of … [Read more...] about A universal life insurance product tailored for Vietnamese