Life insurance is the amount of money or the cover for a person in the event of his/her death provided by global life insurance companies. It is an agreement between a person and the insurance company for a specific time period till when the individual or a group of people will pay a certain premium to the company in return of a certain amount of money paid to the beneficiary of the individual or the group in the incident of their death.

The amount of money paid to the global life insurance companies is known as a premium and it differs according to the packages and plans provided by the global life insurance companies. These companies have a large international market share and they have the funds to insure an individual’s death. These global life insurance companies provide various policies which cover different aspects of a person’s death such as accidental death or serious illness. Nowadays, due to the increase in the number of natural disasters, terrorist assaults and more sudden deaths, the insurance companies also include them in their plans.

Rational and responsible people plan for their future. A low-income earner saves money for his child’s education fees and for the future so that the child doesn’t have to face problems. In the same way, when you die, you leave your debts behind you. These include loans that have to be repaid, targets or assignments not achieved, customers not paid, credit card bills etc. A responsible person would not leave his family paying his debts for their whole life and spending a hassle-filled life because of him.

Sudden death has no time, nor place. So when it comes, it’s best that you are prepared for the consequences. Global life insurance is an essential requirement nowadays where the death rate is rising as the time goes. Every day examples include increasing terrorist attacks, catching of new deadly diseases, incurable diseases such as HIV Aids and last stage cancer, environmental hygiene problems, unhealthy food becoming more common and a high-death rate especially in the under-developed economies. People leaving families behind have to think of their wives and their children.

Global life insurance helps these people in many ways where you can assign your beneficiaries i.e. the people that will receive the claim of the global life insurance. In most of the cases, monthly premiums or installments have to be paid. As you save for the future, you can keep a certain amount from your wage for the monthly premiums, which in the long term will help your families. 70% of the people hand over the claim after their death to their children or grand-children. Some leave money behind for their wife too. She is burdened after your death with family problems and mourning your death and you need to support her, where global life insurance lends you a large hand.

Policies in global life insurance also cover the funeral costs, the medical costs if one is seriously ill and in the same much other expenses. These differ according to the plans that you choose and they would best be known by the company’s insurance agents or its website online.

A very famous person once said that “Death never knocks your door; it comes when it has to”. In this world, where death can come at any time, you need to leave behind a certain amount for your children to study and live happily until they are of age and sometimes for other members of your family.

For more free tips and guidance on insurance, be sure to visit our internet website- free insurance information for free tips and general information.

Abu Monsur is dedicated to helping people get solid insurance information and has set up his website for this express purpose – he invites you to visit his reputable site- free insurance information for free tips and general information.

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I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

IRDA asks insurance cos to disregard SEBI order

However, chief of the Life Insurance Council, SB Mathur defended insurance companies saying that mis-selling was grossly exaggerated. …   Read More…

A troubled insurer can be more than inconvenient

National States sold Medicare supplement, long-term care and life insurance operating in 37 states. The company was founded in 1964 by Thomas R. Green, …   Read More…

Meet Primerica, The Multi-Level Marketing Scheme Being Spun-Off From Citigroup …

Primerica employs, according to their prospectus, over 100000 representatives who go out and sell financial products like term life insurance, mutual funds, …   Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.

Disability Life Insurance – Some Tips On How To Buy

Although disability life insurance covers ourselves and our loved ones during good and bad times, it can be a very dry subject. We have therefore compiled a quick list to make understanding disability life insurance easier.

Disability Life Insurance Tip #1

Buy Only What You Need: Make sure you have enough coverage if you ever have to make a claim. And be sure to keep policies up to date with any salary increases you get.

Disability Life Insurance Tip #2

Increase your waiting period: The waiting period is the time you have to wait to make a claim. The longer you wait, the lower the cost of your premium.

Disability Life Insurance Tip #3

Work With The Same Company: If you need to change the company you are with, do so before your policy expires but beware of the cost. Your disability life insurance policy is a contract between the carrier and you for a specified period of time. Changes in the policy may come with penalties.

Disability Life Insurance Tip #4

Shop For Policies: With all the disability life insurance companies online, it is reasonably simple to compare premiums.

Disability Life Insurance Tip #5

Compare Apples With Apples: When comparing disability life insurance policies, be careful as they have different definitions of disability for each illness. Make sure you specify the same amount of coverage for both so you can make a level comparison.

Disability Life Insurance Tip # 6

Different disability life insurance companies have different classifications for the same occupation. For example company A might rate someone who works with electricity as a higher risk than company B. So this is something you need to know.

Disability Life Insurance Tip #7

It is better to go to the well known disability life companies as they have a deeper knowledge of risk and should therefore be able to give you the best rate.

Buying Disability Life Insurance Makes Sense

Financial planning is necessary to make sure you have enough life insurance and disability life insurance to protect your income. It may not be a topic that everyone finds interesting, but if an emergency arises, you will be glad you took the time to get some good disability life insuran
1000
ce.

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Ivon T. Hughes of The Hughes Trustco Group is the author of the Life Insurance Handbook: How To Get The Best & Cheapest Life Insurance available FREE to all new subscribers at: www.hughestrustco.com

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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

Buying Life Insurance? One tip to save you thousands! | meloanpay.com

Before we begin, know that our goal is to give you as much useful information as we can fit on our page. Its unadorned, forever have your Life assurance plan.

Daily Insurance Reports: Life Insurance Certification

Getting the buying life insurance, so the pyramid life insurance to protect those children. If you aren't covered as often as you get started, so you can tap into whichever life insurance while you're young also has the life insurance …

Life Insurance Policy For Spouse And Children | Feras.co.uk

Buying life insurance for children is not advisable; as we are aware life insurance is bought for those who are support to the others in financial terms. And for sure you are not dependent on the child's earnings. But buying a policy …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

NEW YORK (Reuters) –
Citigroup Inc's (C.N) spinoff of its life insurance unit, Primerica Inc (PRI.N) saw its shares gain more than a third in its debut on optimism that the life insurer will benefit from a rebounding economy.

The IPO's reception was also the latest glimmer of positive news for the third-largest U.S. bank, which was forced to seek various government rescues in 2008 and 2009. Citi shares closed up 3.2 percent at $4.18.

The first day rally followed investor interest that led underwriters to raise the size of the offering by 19 percent to 21.36 million shares. The shares were priced at $15 each, above the expected range of $12 to $14.

But the IPO still sold at a price-to-book value discount to Ameriprise Financial (AMP.N), MetLife (MET.N) and Prudential Financial (PRU.N), which it identified in its prospectus as competitors, said IPOdesktop.com President Francis Gaskins.

The relatively low valuation, plus signs of confidence in a gradually rebounding economy, both contributed to the share's gains, analysts said.

“Life insurance has been hammered by the recession like everything else has, but there has been an uptick over the past year in applications for issuance of traditional bread-and-butter life insurance,” said Clark Troy, a senior analyst at Aite Group LLC. “Insurers have been looking to bulk up their sales forces, and Primerica has one.”

The Dow Jones U.S. Life Insurance index has more than quadrupled since March 2009 (.DJUSIL).

Primerica shares rose much as 35 percent above their initial public offering price. They opened at $19.15 and rose as high as $20.20 Thursday afternoon.

The shares closed up 31 percent, at $19.65, on the New York Stock Exchange.

DIVIDING THE SPOILS

Citi, which accepted $45 billion worth of U.S. government bailout funds, is seeking to divest assets that are not part of its core banking business.

The bank tried to sell Primerica last year, but failed to find a buyer willing to pay a high enough price. Citi has taken nearly $1 billion in dividends out of the company since 2007 and will take another $622 million before the end of the IPO process.

Citi will take all of the proceeds from the offering and most of Primerica's existing accounts. Primerica will keep its new policies.

Primerica said in its prospectus that it would enter into co-insurance agreements with three affiliates of Citi. Those affiliates would take 80 to 90 percent of the risks and rewards of the term life insurance policies Primerica held at the end of 2009.

Despite Citi's retention of most accounts, Primerica is gaining more autonomy over its strategy, analysts said.

“This will give an opportunity for Primerica management to step out of the shadow of the larger organization and assert itself,” Troy said.

With a door-to-door sales force of independent contractors topping 100,000, Primerica sells life insurance to households earning between $30,000 and $100,000 annually.

Co-Chief Executives John Addison and Rick Williams told CNBC they planned to add sales people.

“We're going to be a smaller, faster-growing company going forward,” Williams said. “When we grow the sales force, the underlying sales grow.”

Citi was the sole bookrunner on the IPO. If the company and other underwriters purchase their full overallotment of 3.2 million shares, Citi's stake in Primerica will be reduced to 39 percent.

ANOTHER STEP FOR CITI'S SELL-OFF

Cutting troubled assets has been a major goal of Citi's restructuring. The IPO and a private deal with Warburg Pincus LLC (WP.UL) should reduce Citi's GAAP assets by about $5 billion during the second quarter, the bank said in a statement.

Michael Holland, chairman of Holland & Co in New York, said that Primerica's offering was a good sign for Citi, “but I wouldn't overstate the significance. It's something they had to do and they did it well.”

Holland said the offering could provide some momentum for banks trying to rid themselves of non-core assets. The Primerica offering is a good way to “go out there and test the marketplace,” he said.

The life insurance portion of Primerica was founded in 1977, but the company has roots in American Can Co, a food packaging business. It became part of Citigroup in the 1980s.

(Reporting by Clare Baldwin and Maria Aspan; Editing by Maureen Bavdek, Richard Chang and Leslie Gevirtz)

Save Money By Getting A Term Life Insurance Quote Online
 by: Peter Crump

When deciding or choosing what life insurance is best for you, you can avoid feeling pressured into a policy by searching for a term life insurance quote online. The service is terrific and it can be a fast turnaround because you control how fast or slow the process can be. Getting a term life insurance quote online is as simple as the click of the mouse. With so many life insurance companies now operating on the Internet, all you have to do is log onto the various sites and check out the rates for term life insurance.

When you check for a term life insurance quote online, you do not have to pay for the quote. This service is free and you should request quotes from at least three different companies. This way you can do a comparison of online life insurance quotes. Each of the companies has a form that you fill in and they will respond to you with the quote- usually in less than 24 hours.

Some of the required questions you will have to answer to get a term life insurance quote online are your age, occupation, medical history and whether or not you smoke. All of these factors affect the price the online quote you receive. A younger person will certainly get a much lower premium than an older person because the likelihood that he/she will die within the term of the policy is much less.

Your occupation is also a deciding factor in getting the best possible online life insurance quotes. This is because the life insurance company looks at the dangers involved. If you do work at a dangerous occupation, then it is possible the company will have to pay out a settlement on the insurance before the term runs out. One thing you do have to remember with getting term life insurance quotes online is that these quotes are for a specified term, such as 10 or 15 years. If you are still alive at the end of the term you do not collect any money from the policy.

Whether or not the life insurance company needs you to have a medical depends on your medical history. If you have a record of heart disease for example, it will affect the term life insurance quote online that the company will give you. You many get a policy with a clause inserted saying that should you die of this illness, there not be any settlement paid out. You so have to be honest in answering the questions for the online life insurance quotes because it could result in cancellation of your policy down the road. Then you are left with no policy and you will have paid out money in premiums for nothing.

However before getting a term life insurance quote online make sure you have found out exactly what type of life insurance you need.

About The Author

Peter Crump

For a website totally devoted to Life Insurance visit Peter’s Website Life Insurance Answers at http://www.life-insurance-answers.com/ and find out about Life Insurance as well as Cheap Life Insurance at http://www.life-insurance-answers.com/cheap-life-insurance.html and more, including Online Life Insurance, Term Life Insurance and Life Insurance Agents.

peter@ili1.com

Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

Sebi Irda battle it out?

Says KN Vaidyanathan, executive director, Sebi: “Out of 23 insurance companies, 14 companies have been served a notice, where we had competed the …   Read More…

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Insurance companies already have them.) — Young adults up to 26 can stay on their parents' policies as long as the children don't have access to …   Read More…

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By THE NEW YORK TIMES Is there anything to limit the insurance companies from extreme rate hikes on individually bought policies, particularly in the …   Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.

Chennai, Feb 15 (IANS) India's life insurance industry is expected to grow by around 10 percent in 2010 over the previous year, mainly by improving efficiency but also by expanding in small towns and villages, industry experts say.

They also expect life insurers to rebalance their sales mix – unit linked insurance policies (ULIP) and non-ULIP.

'We expect the industry to grow at an average of around 10 percent. We do expect a slight balancing of portfolios with a shift towards traditional policies with ULIP contribution coming down to 85 percent from the high 90s,' Malay Ghosh, president, Reliance Life Insurance, told IANS.

'After years of mis-selling ULIPs as a short-term investment instrument on the back of a stock market boom, risk-averse customers will make life insurers look at alternatives,' an industry official said.

'ULIPs offering guarantees will find favour with policy buyers,' G.L.N. Sarma, appointed actuary, Bharti Axa Life Insurance told IANS.

According to industry officials, much of the growth will happen by increasing agents' productivity and not by expanding the distribution network. If companies do expand their branches this will be in small towns and villages.

'In the coming years, innovative low cost structures will be used for expansion especially in interior locations, a potentially lucrative market,' said Ghosh.

'We can expect the branch expansion to continue at semi-urban and the larger of rural centres by private players,' R. Krishnamurthy, managing director of global consultancy firm Towers Watson's insurance and financial services division, told IANS.

Even new players like Future Generali India Life Insurance Company Ltd are cautious in opening new branches.

'We will not expand our branch network this year. I don't expect most other companies doing it as some had rationalised their branch network last year,' G.N. Agarwal, appointed actuary, Future Generali, said.

A senior industry official said: 'The focus will be on getting the fundamentals right – arresting expense overrun, reducing policy lapse rates and increasing productivity – though some players seem to be playing the top line game all over again.'

'Reducing policy lapse rate or increasing the policy persistency ratio is the big challenge for the industry – and this is not an isolated experience of India. There are daunting experiences in other large emerging markets such as China,' remarked Krishnamurthy.

Mis-selling of life insurance policies as short-term investment is cited as the major reason for the high surrender or lapse rate.

According to IndiaFirst Life Insurance's Managing Director P. Nandagopal, mis-selling of policies is resorted to by companies that use distribution channels like multi-level marketing companies.

'These companies operate pyramid schemes where many times there are no real customers and consequently there is no real persistence,' Nandagopal told IANS.

According to Reliance Life's Ghosh, as the life insurance sector steps into a new decade, the regulator will lay emphasis on expense and persistency management as these are key drivers of profitability.

V. Jagannathan

How To Find Affordable Long Term Care Insurance In Arizona

The state of Arizona provides long term care through a program called Arizona Long Term Care System (ALTCS). This program provides coverage for senior citizens aged 65 and over and/or individuals who are disabled and require ongoing care in facilities like nursing home or other long term care institutions.

In addition to meeting the age and disability requirement, there are other factors to determine whether or not a person is eligible for this program. Some of the additional requirements are as follows:

1.Monthly Income: The monthly income may not exceed $1,869 per month. There are acceptations however for those who have been approved by AHCCCS (Arizona Health Care Cost Containment System – Arizona’s Medicare program) AHCCS applicants may have an income exceeding the monthly income amount.

2.Financial Resources: Available resources valuing less than $2,000 for an individual. Available assets may be bank accounts, cash, stocks, bonds etc. If the applicant is married, the applicant’s spouse is able to keep one half of the available assets up to a maximum of $101,640. Tangible assets such as a home and/or vehicle are not included and will not be considered as part of the resource limit.

3.Citizenship Status: Applicants must be a citizen of the United states and reside in the state of Arizona. Lawful resident aliens may also qualify.

4.Testing: Each applicant must undergo a PAS test. A PAS test is a screening test for pre-admission. Every potential candidate must undergo this screening before being accepted into the program. In essence, the test will indicate whether or not a person can function in the community without custodial or nursing care.

It is not a requirement to be in a nursing home to receive care from ALTCS. ALTCS services can be provided on an in-home basis or provided while living in an assisted living facility.

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Fast Long Term Care Insurance Quotes Cheap Long Term Care Insurance

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It might be a little uncomfortable for you to think about your own funeral, but try to be practical just for a second and think of all the decisions that you would not be there to make about this somber event. What will you be dressed in? Who will give the eulogy? How much will be spent on the flowers and coffin? Will you be cremated? Will it be an open casket? These are all important aspects of end of life ceremonies that many people think their families are ready to handle, but when stricken with grief, you would be surprised how overwhelmed spouses and children can be. Many people are relieving this burden early in their adult lives by purchasing a burial policy.

If you are not only worried that your end of life expenses might thrust your family members into mountains of debt, but also that they might not be able to carry out your exact wishes, purchasing burial insurance now can ensure that all of your desires are fulfilled and that there is no extra stress of figuring out how to pay for things like a burial plot (if you do not already have one), cremation, a headstone, flowers, and food.

In case you have never really thought about how to purchase burial insurance before, you should know that there are now multitudes of ways that you can obtain quotes and purchase policies. Most of the major car, home, and life insurance companies will now offer some type of end of life coverage, but these additional policies might not be the most cost effective. Make sure that you spend some time getting quotes online and comparing coverage and ease of claim filing to ensure that you choose the right package for yourself and your family.

It is important to keep in mind that over the past decade, funeral costs have been getting more expensive, and these costs are expected to keep increasing over the years to come. One of the biggest benefits of choosing the right kind of burial policy is that you will be able to lock in the price of your funeral now, regardless of when it will be redeemed. That is why so many younger adults have started to purchase and pay off these policies now, as a way to ensure that they will have the ceremony they want, without leaving any of the costs of inflation for their children or family members to deal with later.

Mark Prip recommends checking out this unique site on Burial Insurance for more information.

Visit this informative Burial Insurance Policy site today at http://burialinsuranceplans.com to learn more.

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Acquiring information on life insurance has become very easy today. The popularity of the Internet offers another venue for companies to conduct their businesses. Today, you can get life insurance quote online instantly. Here are some tips you can follow on how to get life insurance quote online.

Before you start getting life insurance quotes from different companies, it’s important to know the types of insurance available for you.

Whole life insurance is a combination of protection and savings. For as long as you are paying for your fees, you’ll have coverage. Part of the money you pay is also turned into cash that you can borrow as much as 90% of your insurance without taxes. Universal Life is like whole life insurance but with greater earnings on your savings. This kind of insurance is also more flexible than whole life insurance. Term insurance is an insurance recommended for people younger than 50 years old. This kind of policy has a term period of 5 to 10 years. You can renew the policy at the end of a term. A declining balance term insurance can be referred to as a mortgage insurance. This insurance expires when you’re done paying off your mortgage but you have the choice of renewing the policy if you want to. Unlike other insurance, a declining balance term insurance is an insurance that doesn’t have any option for investments.

By knowing which kind of insurance you want to have, you’ll be able to get the right life insurance quote online. Life insurance is a good financial investment. Getting the correct quote for you according to your needs is very important so you do not waste your money on an insurance policy that doesn’t suit your needs. Shopping for life insurance online is easy. You can look for insurance companies according to their prices or ratings. Use any method that will help you effectively choose a company so you can get started on getting a life insurance quote online.

How much will it cost you?

Your http://driscollfinancial.com/lifeinsurancecost.html%3Cbr%20/%3E will depend on several factors like your age and health status. If you want to get an affordable life insurance quote online, it’s important that you answer questions as honestly as you can.

Health and Habits

Your health is a good determinant of life insurance costs. If you have health problems like diabetes, look for a company that can offer you a fair insurance quote. If you do not have any long term health condition, don’t think that you will instantly get a lower life insurance quote. Your health habits also affect how much the cost of your life insurance will be. If you want to get lower cost, stop smoking and achieve the ideal weight for your age.

To get a good life insurance quote online, make sure to give appropriate answers to the questions being asked of you. Don’t try giving answers that you think will help lower down your life insurance costs. You are only cheating yourself if you do that as you will still be evaluated afterwards.

About The Author

See our website to find out how much http://driscollfinancial.com/lifeinsurancecost.html%3Cbr%20/%3E. We deal with http://driscollfinancial.com/ , but can help you with your insurance needs anywhere in the country. We strive to help everyone achieve their life insurance goals.

Insurance co can reject claim for understating age – Yahoo! India News

New Delhi, Apr 11 (PTI) An insurance company can reject a claim if the policy holder had understated his age at the time of joining the scheme, the National Consumer Commission has held. “Such a claim can rightly be repudiated on the ground of concealing material facts,” it observed while giving a clean chit to the Life Insurance Corporation (LIC) of India for turning down a claim citing that the policy holder had mentioned his date of birth incorrectly.

In this case, the company found out the policy holder, who died within three months of taking the policy, had mentioned his date of birth incorrectly in the proposal form by submitting a copy of his licence as proof. The Commission said a person''s age could rightly be determined from his school certificate rather than on the basis of entry registered in the licence as the former have higher evidentiary value.

“The certificate issued by the principal of the Government Secondary School with regard to the date of birth of the life assured will indeed have an overriding evidentiary value than the one on the driving licence which is entered on the basis of the application of the applicant,” the Commission, headed by its President Justice Ashok Bhan, said. The LIC approached the Commission challenging dismissal of its plea by the Rajasthan State Consumer Commission which upheld the order of District Forum directing the Corporation to pay Rs 2.10 lakh with interest.

The Commission held that lower fora had erroneously decided in favour of complainant Hira Devi by relying on the date of birth registered in driving licence. “Both the fora below have taken the view that since the LIC itself had accepted the date of birth as recorded in the driving licence, they could not subsequently go behind their own record and discard it.

This view is completely erroneous,” it said. The policy holder died within three months of taking the policy following which the LIC found that the deceased had understated his age.

“The possibility of the life assured understating his age to avoid a rigorous medical examination cannot be completely ruled out,” the Commission said. It gave precedence to the date of birth as certified by the principal of the Government Secondary School over that of the driving licence.

Earlier, the LIC while repudiating the claim informed Devi that the deceased had given wrong information about his age as he mentioned his age as 43 years in the proposal form while his actual age according to the school certificate was 53 years.

We all know that life insurance policies pay a benefit on the death of the individual who owns the policy. The holder of the policy can name any person their beneficiary. The beneficiary is usually a spouse or child. However, there are occasions when an unusual beneficiary is named.

Here is a true story of unusual events, where a man named a woman in an illicit affair as beneficiary instead of his wife and child. This is a story of great frustration, loss and yet a difficult but fair ending to tragedy.

In California, with very few exceptions, the wishes of the decedent are followed in a beneficiary designation, the form you fill out saying who is to receive proceeds on death. Most states follow the California rule. The beneficiary is paid the proceeds of the policy, even if at first blush it seems inconceivable and unfair to the family. This is Celeste’s story.

The decedent, Jeremy (names have been changed) was residing in California and married to Celeste for almost six years. They lived three great years as husband and wife but soon that would change. Celeste and Jeremy worked to support themselves, but Celeste became pregnant. After during preganacy she had to quit work because of pregnancy complications. Unfortunately about this time, Jeremy lost his job in construction due to the economic downturn. With both out of work, they could not afford the health insurance Cobra payments.

Celeste eventually gave birth to Stuart, a young blue eyed strapping child that looked the spitting image of Jeremy. Celeste recalls he was a proud papa that day in the hospital. They went home shortly to start a new life as parents, with all the expectations and excitements, mixed with the confusion of caring for a new child. Celeste had to resume working to support the family. Jeremy, still out of work, was to watch and care for Stuart, as day care would rob them of the benefit of Celeste’s return to work. They barely made ends meet, but were happy for six months. To protect each other and young Stuart, they each bought a life insurance policy designating the other as their beneficiary, paying for benefits on either of their deaths.

Unfortunately, as Jeremy remained unemployed, he became increasingly frustrated with himself, depressed and began to drink alcohol daily. Celeste found out he was drinking during the day while watching Stuart, and so had to hire day care. They began to fight, and predictably, Celeste demanded he clean up his act. Their bills for the birth of Stuart remained unpaid. No matter how much she tried to emotionally support Jeremy, he further withdrew, and remained despondent.

On Stuart’s second birthday, Jeremy did not come home. He was still not working, and had taken some of his things with him. Celeste did not know where he had gone. He left her with over $50,000 in debt, rent for their apartment payment and the continued need for day care. Unknown to Celeste, Jeremy found a “friend”, a woman in Arizona. He met this woman in California, the details unclear, but moved in with her for several months. Finally, Jeremy called one day to tell Celeste that this “friend” had supported him through his tough time. He begged to come back and Celeste agreed.

Jeremy came home, and was different, seemingly renewed. The “friend”, a female, would call from time to time, and eventually introduced herself to Celeste, always complimenting her on her great effort to raise Stuart and the strength to take Jeremy back. The friend assured Celeste their relationship was platonic. Jeremy got some temporary work and was at least paying some of the large debt that had accumulated.

But Jeremy’s new found enthusiasm soon evaporated. He once again slumped into despair. Whether frustrated at his job or home, he would not sy. In the two weeks before his death, he was caught drunk on the job and lost the temporary position. He kept his job loss a secret, advising that he had to go out of state for a job in Arizona. He returned several days later, but one morning, while Celeste was at work, his truck went off a cliff and he was killed. Celeste’s nightmare was about to worsen.

The “friend” called to wish condolences after his death, but before the funeral. She offered to help Celeste in any way that she could, agreeing to speak at the funeral. After his funeral, which cost $5,000 that Celeste did not have, Celeste applied for the modest life insurance policy to help pay off the many bills that had been accumulated. She was told she was not the beneficiary. Shocked she asked who, and was told the Arizona “friend” had been named as beneficiary when Jeremy had moved out of the house almost 1 year before.

Celeste called the “friend” and asked her to resign her interest. That request was declined. The ‘Friend” declared “apparently he wanted me to have this money.” Celeste after consulting with several attorneys, and told she had little chance of winning a case, asked Celeste to at least pay for the funeral and some of Stuart’s birth medical bills, that were Jeremy’s obligations as well. The “friend” refused.

Wouldn’t you think this is an obvious case of unfairness? Unfortunately, the lawyers that she interviewed all knew California law is very inflexible, usually awarding the beneficiary the benefit of the decedent’s last wishes. Celeste had no evidence that Jeremy had changed his mind and wanted his wife and child to have the insurance after his return from Arizona. In fact a week before his death, he had visited this “friend ” again, and by now it is obvious he was having an affair. Can you see a way for her to win favor and the benefits?

Totally despondent, she consulted with an attorney that believed in her cause. The success of this case turned on three fair propositions;

1. The parties mutually agreed to have policies of insurance. There was an unexpressed but arguable promise that the surviving spouse was to remain a beneficiary. Changing that designation breached the oral agreement.

2. Since the policy was paid for with community property assets, the wife should be entitled to at least one-half of the benefits, despite the designation form.

3. Finally, Celeste had not only paid with community property, but she was the one who earned almost all the money after the birth of Stuart, and so she paid for the entire policy. Why should someone else gain, gain from her payments.

When she filed her claim the “Friend” hired an attorney who advised that Celeste had no chance of winning and insisted she drop her suit. Thankfully an arbitrator felt otherwise, and awarded this hard working single mom the entire policy of insurance and costs of the lawsuit.Greed did not prevail. If you found the three above factors to be convincing to you in this true story, then you have experienced the real thrill and yet awesome responsibility of a lawyer, when helping those in need and in life.

About The Author

Injury victims have relied on Author and accident trial lawyer James Ballidis to help them with their recovery after an accident or devastating injury. You can obtain free useful books he has written to help manage an accident claim, injury or find a qualified attorney for your case. Call now 866 981-5596 or visit his firm website to read more from and about the law, accidents and him. http://www.thecaliforniainjurylawyer.com

NEW YORK (Reuters) –
Citigroup Inc's (C.N) spinoff of its life insurance unit, Primerica Inc (PRI.N) saw its shares gain more than a third in its debut on optimism that the life insurer will benefit from a rebounding economy.

The IPO's reception was also the latest glimmer of positive news for the third-largest U.S. bank, which was forced to seek various government rescues in 2008 and 2009. Citi shares closed up 3.2 percent at $4.18.

The first day rally followed investor interest that led underwriters to raise the size of the offering by 19 percent to 21.36 million shares. The shares were priced at $15 each, above the expected range of $12 to $14.

But the IPO still sold at a price-to-book value discount to Ameriprise Financial (AMP.N), MetLife (MET.N) and Prudential Financial (PRU.N), which it identified in its prospectus as competitors, said IPOdesktop.com President Francis Gaskins.

The relatively low valuation, plus signs of confidence in a gradually rebounding economy, both contributed to the share's gains, analysts said.

“Life insurance has been hammered by the recession like everything else has, but there has been an uptick over the past year in applications for issuance of traditional bread-and-butter life insurance,” said Clark Troy, a senior analyst at Aite Group LLC. “Insurers have been looking to bulk up their sales forces, and Primerica has one.”

The Dow Jones U.S. Life Insurance index has more than quadrupled since March 2009 (.DJUSIL).

Primerica shares rose much as 35 percent above their initial public offering price. They opened at $19.15 and rose as high as $20.20 Thursday afternoon.

The shares closed up 31 percent, at $19.65, on the New York Stock Exchange.

DIVIDING THE SPOILS

Citi, which accepted $45 billion worth of U.S. government bailout funds, is seeking to divest assets that are not part of its core banking business.

The bank tried to sell Primerica last year, but failed to find a buyer willing to pay a high enough price. Citi has taken nearly $1 billion in dividends out of the company since 2007 and will take another $622 million before the end of the IPO process.

Citi will take all of the proceeds from the offering and most of Primerica's existing accounts. Primerica will keep its new policies.

Primerica said in its prospectus that it would enter into co-insurance agreements with three affiliates of Citi. Those affiliates would take 80 to 90 percent of the risks and rewards of the term life insurance policies Primerica held at the end of 2009.

Despite Citi's retention of most accounts, Primerica is gaining more autonomy over its strategy, analysts said.

“This will give an opportunity for Primerica management to step out of the shadow of the larger organization and assert itself,” Troy said.

With a door-to-door sales force of independent contractors topping 100,000, Primerica sells life insurance to households earning between $30,000 and $100,000 annually.

Co-Chief Executives John Addison and Rick Williams told CNBC they planned to add sales people.

“We're going to be a smaller, faster-growing company going forward,” Williams said. “When we grow the sales force, the underlying sales grow.”

Citi was the sole bookrunner on the IPO. If the company and other underwriters purchase their full overallotment of 3.2 million shares, Citi's stake in Primerica will be reduced to 39 percent.

ANOTHER STEP FOR CITI'S SELL-OFF

Cutting troubled assets has been a major goal of Citi's restructuring. The IPO and a private deal with Warburg Pincus LLC (WP.UL) should reduce Citi's GAAP assets by about $5 billion during the second quarter, the bank said in a statement.

Michael Holland, chairman of Holland & Co in New York, said that Primerica's offering was a good sign for Citi, “but I wouldn't overstate the significance. It's something they had to do and they did it well.”

Holland said the offering could provide some momentum for banks trying to rid themselves of non-core assets. The Primerica offering is a good way to “go out there and test the marketplace,” he said.

The life insurance portion of Primerica was founded in 1977, but the company has roots in American Can Co, a food packaging business. It became part of Citigroup in the 1980s.

(Reporting by Clare Baldwin and Maria Aspan; Editing by Maureen Bavdek, Richard Chang and Leslie Gevirtz)

Benefits Of Getting Universal Life Insurance Quotes
 by: Paolo Basauri

What is Universal Life Insurance?

“Universal” is the term used for life insurance that offers built in flexibility to change your premiums and the amount of life insurance you carry throughout the life of the policy. A universal life insurance policy will accumulate value as the premiums are placed in an interest building account. If your situation changes, and you decide you need more (or less) coverage, you can control how the universal life insurance policy operates. Many consumers have found that they appreciate the added control and hassle-free flexibility they receive from owning universal life insurance. As with any life insurance policy, the benefits provide financial security for your loved ones in the untimely event of your death.

What Can I Gain from Universal Life Insurance Quotes?

Once you’ve made the decision to purchase universal life insurance, the first step to securing a policy is to find out how much coverage you can afford. The best way to do this is by getting universal life insurance quotes. When deciding how much you can spend, remember that with universal life insurance, you are always able to add more coverage later if you want. Universal life insurance quotes will provide all the information you need regarding insurance rates, conditions, exclusions and benefits for the policy you are considering. It’s generally a wise idea to procure universal life insurance quotes from several providers to compare the different coverage options they have to offer. Once you have the quotes in hand, creating a table for comparison will allow you to decide on the most effective policy for your needs.

What if I’m not Sure About Universal Life Insurance?

If you haven’t yet decided that universal life is the way to go, consider getting universal life insurance quotes along with quotes for other types of life insurance. Just as with provider comparisons, use the quotes to compare coverage and benefits across the different policy types. Whatever your final decision, the universal life insurance quotes will ensure that you are making a well informed decision. If you’re still not sure you understand all the details of a policy, contact an insurance claim attorney or insurance agent for clarification.

How Can I Obtain Universal Life Insurance Quotes?

Getting universal life insurance quotes is a very simple process. Many insurance providers allow you to request and access quotes via the internet. Researching the internet will also allow you to gather information about the general policies and coverage that can help you decide companies you should ask for universal life insurance quotes. Aside from the internet, your insurance agent should be able to provide you with a variety of universal life insurance quotes to assist you in your comparisons. Most insurance agencies and online insurance providers will be more than happy to provide you with universal life insurance quotes for free. While life insurance can’t bring you back to your loved ones, it can certainly offer them a measure of security.

About The Author

Paolo Basauri writes for a specialized web site on universal life insurance. Find more about insurance at http://www.universal-life-insurance-quotes.com.

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That’s all the news for today guys, so until next time, thanks for stopping by.