Term Vs Universal Life Insurance

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11/11/2008 News For:

Term Vs Universal Life Insurance

New York Life Opts Out of Capital Program  New York Life Insurance Co. announced Thursday that it will not participate in the Treasury Department's Capital Purchase Program.

Rappahannock National Bank to Offer Customers MyTerm(SM), Internet-Based Term Life Insurance Through Its Affiliation ...   NEWARK, N.J.----Prudential Financial, Inc. today announced an agreement between its Individual Life Insurance business and Union Bankshares Corporation to offer MyTermSM, a new simplified issue term life insurance policy available through the Internet to customers of Rappahannock National Bank.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.

Nationwide Financial(R) Improves Pricing of Its Best-Selling YourLife(SM) ULtimate Universal Life Policy   COLUMBUS, Ohio----No-lapse guaranteed universal life insurance has been one of the top selling products in the industry, and Nationwide Financial?s YourLifeSM ULtimate product has been a sales success since its launch in June 2006.

Authority may ease rules for insurers  Regulators aim to help both life and non life insurers keep afloat by reducting the minimum insurance fund they need to maintain amid tight liquidity caused by the global financial crisis....

National Western Life Announces 2008 Third Quarter Earnings   Ross R. Moody, President of National Western Life Insurance Company , announced today third quarter 2008 consolidated net losses of $9.8 million, or $2.78 per diluted Class A share, compared with consolidated net earnings of $15.6 million, or $4.38 per diluted Class A share, reported for the third quarter of 2007.

Fitch Places 9 Japanese Life Insurers on Rating Watch Negative  Fitch Ratings-Tokyo/HK/London/Singapore-07 November 2008: Fitch Ratings has today placed the ratings of nine Japanese life insurance companies on Rating Watch Negative RWN as detailed below.

TowerGroup: Life Insurance Industry Must Shift Product Mix, Adjust Distribution and Focus on Cost Containment During ...   NEEDHAM, Mass.----Although the U.S. life insurance industry is not as deeply impacted by the current economic crisis as other segments of the financial services industry, the interconnectedness of banks, asset managers, brokerage firms, and insurers themselves means it is not immune.

New York Life not to seek financial support from US govt  New York Life Insurance Company today said it will not seek financial support from the US government, citing that the company is well capitalised.