Maybe this is a sign of the times: baby boomers are considering liquadating their life insurance policies (in the form of a life settlement) in order to help with funding retirement. Read the story here from Philly Burbs. I can’t say this is very shocking considering the dismal performance of many investments in the past 10 years. Before going with selling the policy to a life settlement baby boomers should fully understand how it works and and consider asking the advice of an informed professional.
Could 2 life insurance companies have to pay the state of Illinois hundreds of millions if not over a billions dollars? This story pertains to abandoned property and can be seen over at on courthousenews.com and the link is here. This could open up more similiar cases and I wouldn’t be surprised if other state started checking if insurers are handing over abandoned property.
AM Best does a confirmation of its ratings on Nippon Life Insurance company which marketwatch.com is running a story on and can be seen by clicking here. These ratings can be useful for policy holders in following how the company holding their policy is doing financially. Perhaps with other factors they are also pertinent in gauging the strength of an industry in a region.
A related video to the first story mentioned is below:
We are not affiliated to the party in this video.