The life insurance industry came to the rescue with one of its favorite commission products.
In addition, the life insurance industry is sure to fight the pre-payment idea.
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This, in a nutshell, is the philosophy of the life insurance industry.
The life insurance industry will expand its investment options available for their policyholders to select from, investment products that are more targeted at absolute returns.
There were also opponents most prominently from the life insurance industry, especially two companies with large footprints in the long-term care insurance market, Genworth and John Hancock, as well as their trade organization, the American Council of Life Insurers.
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The life insurance industry is an interesting one in China because it is, in essence, another piece of the puzzle that may ultimately explain how China will make the transition from an economy led by exports and government investment, to one that that is led by consumption and investment by the private sector.
The with-profits policy, a mainstay of the life-insurance industry, is especially opaque, says the review.
Andrew Smithers, an independent London-based economist, reckons that, taken as a whole, the life-insurance industry is insolvent.
As it sees big money to be made in finance, the life-insurance industry is losing interest in its traditional role of controlling much of the South African economy.
The modern life insurance industry, in its competition with Wall Street, seems to have lost its focus, doing a good job of convincing the public that you can protect your net worth and grow it at the same time by buying their expensive financially engineered insurance products.
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So in addition to all the insurance advertising out there the other 11 months of the year, September is the month when the insurance industry reminds Americans of the need to include life insurance in their financial plans.
The insurance industry was reintroduced into China in 1979, first with property insurance that year, followed by life insurance in 1982.
Orix's life insurance premium revenues rose 150% last year, even as the industry's declined overall.
In April 1991, when questions about Mutual Benefit first surfaced, the insurance industry was reeling from the collapse of another big company, Executive Life.
Trade groups later commissioned a "Task Force for the Future, " which in 2005 said the shift from the middle class toward wealthier customers was eroding the industry's political clout and undermining the argument for continuing the tax advantages of permanent life insurance.
WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind
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