Tag: life insurance

State Farm Faces Lawsuit Over PHL Insurance Products with Capital Shortfall

State Farm is sued over selling PHL insurance products amid a $2.2 billion capital shortfall, raising concerns about insurer solvency and policyholder payouts.

Universal Life Insurance Market to Reach $132B by 2033 - Growth Driven by Flexibility and Tech

Explore the growth prospects of the universal life insurance market projected to reach $132.3 billion by 2033, driven by flexible premium options, AI-driven underwriting, and regulatory advances.

Nepal Life Insurers Invest Rs 789.82 Billion Across Diverse Financial Sectors

Nepal's life insurance companies have invested Rs 789.82 billion in various financial sectors including government bonds, fixed deposits, and bank debentures, indicating robust capital deployment strategies.

Boston Mutual Life Names Grant D. Ward Sr. as New CEO

Boston Mutual Life Insurance Company appoints Grant D. Ward Sr. as CEO effective January 2026, signaling continuity and expertise in life insurance leadership and strategic growth.

PolicyMe and Embark Collaborate to Enhance Financial Security for Canadian Families

PolicyMe and Embark partner to provide Canadian families with integrated life insurance and education savings solutions, enhancing financial security and literacy through digital platforms.

Business Partner Life Insurance Dispute Highlights Importance of Beneficiary Updates

A life insurance dispute between a deceased lawyer's daughter and his former business partner underscores the critical need for timely updates to beneficiary designations and clear policy management.

LifeSearch Integrates Digital Trust Creation into Self-Serve Life Insurance Journey

LifeSearch integrates a fully digital trust solution into its online life insurance purchase process, enhancing trust adoption and streamlining claims settlement for beneficiaries.

China's Life Insurance Market Set for Rapid Growth Driven by Bancassurance and Demographics

Explore the robust growth of China's life insurance market driven by bancassurance expansion, demographic shifts, regulatory reforms, and digital innovation. Forecasts indicate the market will exceed $925 billion by 2030, highlighting opportunities for insurers.

Key Estate Planning Insights: Avoiding Probate and Trust Pitfalls

Explore strategies to avoid probate and optimize living trusts. Learn which assets to exclude from trusts and how life insurance can support estate planning.

Pune Families Face Financial Risks Amid Life Insurance Undercoverage

Many Pune families face financial risks due to inadequate life insurance coverage. Experts recommend term insurance and informed insurer selection to close protection gaps.