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PHILADELPHIA- The Association for Insured Retirement Solutions, NAVA, Inc., announced today opinion survey poll results regarding the state of the nation’s economy and financial markets. The poll was carried out last Monday, October 6, at its annual meeting in Philadelphia. Instant electronic polling was employed by the 300 insurance industry professionals who were included in the polling. The main survey findings included:
The ongoing battle to reduce health insurance costs involves the health insurance companies and hospitals, the latter which cannot turn anyone away from care by law.
However, as the number of people who cannot afford cheap health insurance increases, hospital emergency rooms are handling the majority of the load. More people have to turn to hospitals as their primary health care givers given a lack of adequate or non-existent health insurance coverage.
It’s like comparing prices for products in the supermarket. You have to compare car insurance quotes from different insurance companies to make sure you’re getting the best rates. Nobody wants to pay more than they have to, but you also want to make sure that your car insurance company will respond quickly and fairly in case of an accident.
Universal life insurance is a blend of term insurance and a savings account. It earns interest at a money market rate, the policy holder paying an annual fee for coverage, which includes a fee for managing the policy. Funds not used for paying the life insurance earn a tax deferred interest.
With a universal life insurance policy, the premium can fluctuate. The policy holder decides how much to devote toward insurance and how much toward savings. The face amount of the policy can be changed as well as the amount of premium payments and how often they are paid.
The Council of Insurance Agents & Brokers (CIAB) survey of property and casualty insurance agents and brokers has released the findings for its latest survey which reveal that competition remains strong.
As one broker put it, conditions remain very competitive. He says that the affect of the subprime crisis together with the current natural catastrophes, has not yet triggered a need to return to a pricing discipline.
WASHINGTON, Oct. 13 - According to experts at a leading global consulting firm Watson Wyatt, the present financial crisis severely highlights the comparative pros and cons of defined benefit pensions and 401(k) plans.
In general, what exists in comparison is what might be considered the predictable, largely guaranteed income of pensions (including the so-called hybrid plans such as cash balance plans), and the sharply contrasting 401(k)s with their day-to-day fluctuating account values, which are now bringing havoc to planned retirement programs.