TEXT-Fitch affirms Pan-American Life Insurance rating at ‘A’

TEXT-Fitch affirms Pan-American Life Insurance rating at ‘A’

The rating affirmation reflects the business’s continued very strong capitalization, relatively safe liability profile, improved operating performance, and conservative financial management. The ratings also consider Pan-American’s relative position inside the Fitch-rated universe, which includes firms that have significantly greater scale, share of the market, pricing power and distribution capabilities. Pan-American’s quite strong balance sheet remains a key ratings driver. The business’s risk-based...

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Life Insurance terms simplified

Life Insurance terms simplified

Buying life insurance is becoming inevitable for each and every individual; but while buying it it’s also wise to always make sure that you understand every single term contained in the policy document. A few of these terms might seem for you very simple and you may wish to ignore it while dealing with policy document but it’s extremely important that you understand many of these terms. In this article we’ve tried to simplify a few of the terms contained in life insurance coverage which can help you to better...

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Does it make sense to buy cancer insurance

Does it make sense to buy cancer insurance

As supplemental medical care coverage, cancer insurance typically costs about $20 to $40 monthly and will pay the price of those things medical insurance typically doesn’t cover. Out-of-pocket medical costs – for example co-payments, co-insurance or deductibles – are increasing, developing a gap that patients must bridge before medical insurance gets control. Alex Bagby, director of health products at Oklahoma City-based American Fidelity Assurance Company, says lots of people need supplemental insurance to help...

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Life Insurance and Facts of Insurance Cost

Life Insurance and Facts of Insurance Cost

When your estate plan includes sufficient life insurance coverage, all your family members won’t have to worry about how they’ll discover the money to make payments in the event you are no longer around. Arises from life insurance are paid straight to the named beneficiaries, to ensure that individual (or the individuals) won’t have to wait out potentially lengthy and complex probate proceedings to access the funds. Even when your net worth is sizable, all your family members might not be able to access the assets quickly enough to...

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Baby boom will lead to life insurance sales

Baby boom will lead to life insurance sales

According to a recent report by Demographic Intelligence, time dubbed “the baby bust” has become over. The website’s fertility forecast was 99.8 percent accurate this year, and it predicts that births will rise again this season. “Many women put off using a child in the wake from the Great Recession,” said W. Bradford Wilcox, associate professor of sociology in the University of Virginia-Charlottesville. “Now, we believe more women and couples decided to go ahead and have a child – especially that second or third...

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