Live Insurance News

Navigating Insurance in Lithuania: Protecting Your Future

October 10, 2023 Guest Author

Insurance is an essential aspect of financial planning, ensuring security and peace of mind for individuals and families. In Lithuania, understanding and selecting the right insurance can significantly impact your financial well-being. Let’s conduct a small expert study of the insurance system in Lithuania and try to find some of its features. Insurance Essentials in Lithuania To make informed decisions about insurance in Lithuania, it’s crucial to understand the fundamental aspects: Diverse Insurance Options: Lithuania provides a wide range of insurance products, catering to various needs – life insurance, property…

Lisa Marie Presley had a $35 million life insurance policy when she died

February 1, 2023January 31, 2023 Marc

Tabloids have been speculating about family turmoil regarding the policy’s multimillion dollar payout. Though news reports have focused on the many millions of dollars in debt Lisa Marie Presley was facing by the end of her life, it seems that she was also covered by a $35 million life insurance policy worth $35 million. According to media reports, Lisa Marie Presley had taken out two separate policies. The media reports have indicated that the life insurance policies Lisa Marie Presley had taken out were for $25 million and for $10…

Permanent life Insurance

December 10, 2021 Guest Author

Definitions are important It is essential to understand the different types of life insurance available to you and their differences. Permanent life insurance refers to a category of insurance policies that never expire. Typically permanent life insurance includes a savings component as part of the policy on top of the death benefit. Two main types of permanent life insurance are universal life insurance and whole life insurance. Let’s dissect these to clearly understand the differences between them. Universal life insurance Universal life insurance falls under permanent life insurance in that…

Michigan Senate adopts Life Insurance Awareness Month resolution

September 16, 2021September 15, 2021 Nordstrom

Life Insurance Awareness Month - Michigan Flag

Sponsored by Senator Lana Theis, it recognizes September as a time to learn about the benefits. The Michigan state senate has adopted a Life Insurance Awareness Month resolution sponsored by Senator Lana Theis. The resolution recognizes September as the time for state residents to learn about policies. Michigan’s Senate recognized September as Life Insurance Awareness Month, a time in which residents are encouraged to learn about these policies, their premiums, and the way in which their families may benefit in case the worst should happen. The goal is to help…

Allianz and Generali intend to dump their life insurance assets

June 2, 2020May 30, 2020 H. Cutner

Two of the largest insurers in Europe are planning to sell business worth as much as $9.9 billion. Allianz and Generali, two of the largest insurers in Europe, are preparing to sell billions of euros worth of life insurance assets. Allianz SE intends to sell as much as 9 billion euros worth of these assets in countries such as Italy. Sources familiar with the matter report that Allianz SE is looking to sell off life insurance assets worth as much as $9.9 billion in countries including Italy. The German insurer…

MassMutual to gift $3 billion in life insurance policies to front line workers

April 22, 2020April 21, 2020 G. Turner

Life Insurance Policies - healthcare workers

This is the latest in a string of announcements insurers have made in the face of COVID-19. Massachusetts Mutual Life Insurance Company has launched a $3 billion life insurance policies assistance program for Connecticut and Massachusetts health care workers. This assistance effort is called the MassMutual HealthBridge program for workers in health care. The MassMutual HealthBridge program will offer health care employees up to $25,000 in free, three-year term life insurance policies. It will be available to active employees of urgent care centers, licensed hospitals, or emergency medical services providers…

Hybrid life insurance policies gain popularity as LTC payment plans

October 12, 2018October 11, 2018 Nordstrom

As long term care insurance skyrockets in price, many people are looking for alternative funding. Hybrid life insurance policies are beginning to take the place of long term care insurance policies. Traditional LTC products have plummeted in popularity due to their spiking premiums in recent years. To pay for long term care needs, consumers are turning to new types of insurance coverage. Hybrid life insurance policies are becoming a leading option in that area. These policies come in the form of life products that back long term care financing strategies.…