Life Assurances

How Does Group Life Assurance Relate To Pension Management?

New postby Lizzette » 28 Oct 2012, 21:59

How does Group Life assurance relate to pension management? How does Group Life assurance relate to pension management?
Lizzette
 
Posts: 1422
Joined: 08 Apr 2009, 18:45

New postby Gia » 28 Oct 2012, 21:59

It doesn't. Group Life insurance just provides 1 to 2 year worth of income protection in case you die. If you decide to leave the company, you will no longer have life insurance and will have to get your own. It is better that you get your own to get more coverage.
Gia
 
Posts: 1373
Joined: 08 Apr 2009, 18:45

What is location of State Mutual Life Assurance Company?

New postby Maribeth » 28 Oct 2012, 21:59

What is location of State Mutual Life Assurance Company? What is location of State Mutual Life Assurance Company?
Maribeth
 
Posts: 1405
Joined: 08 Apr 2009, 18:45

New postby Osvaldo » 28 Oct 2012, 21:59

Couldn't find any modern references to this company past the 1970's. They probably went broke or merged with another company.

One rather interesting reference I did find was that this is the company that invented the Smiley Face! Check out the info on this web site...
Osvaldo
 
Posts: 1385
Joined: 08 Apr 2009, 18:45

The Mutual Assurance and Life Company is offering an...

New postby Claretha » 28 Oct 2012, 21:59

The Mutual Assurance and Life Company is offering an insurance policy under either of the following two terms:

A. Make a series of 12 payments of $1,200 at the beginning of each of the next 12 years (the first payment being made today)

B. Make a single lump-sum payment today of $10,000 and receive coverage for the next 12 years

If you had investment opportunities offering an 8 percent annual return, which alternative would you prefer?
Claretha
 
Posts: 1412
Joined: 08 Apr 2009, 18:45

New postby Jarred » 28 Oct 2012, 21:59

Assuming the alternative rate of return is 8%, the 12 payments of 1200, once per year, beginning now, are equal in value to one payment now of $9,766.76. The formula in Microsoft Excel is =PV(8%,12,1200,0,1).
Jarred
 
Posts: 1391
Joined: 08 Apr 2009, 18:45

CANADA-LIFE INSURANCES - ASSURANCES CANDA-VIE?

New postby Faustino » 28 Oct 2012, 21:59

Extremely important, please read, verify your insurances with Canada-life and do reply.
Do you have the Canadian Tire term insurance with Canada-life (Canada-vie) ?
Did you know that Canada-Life will double the premiums at the age of 64 and at the age of 65 years old, they will automatically cancel your insurance ?
But on their site, they say you are covered until 70 years old.

Please check your insurances and do reply.
Thanks
MC
Faustino
 
Posts: 1367
Joined: 08 Apr 2009, 18:45

New postby Nydia » 28 Oct 2012, 21:59

This is not a problem with Canada Life, this is a Canadian Tire issue.

Canadian Tire goes to an insurer and says we want to sell life insurance, so Canada Life gives them a product that they can sell that is profitable for Canadian Tire (make no mistake, Canadian Tire is selling it to make money, not to help people).

All companies offering insurance on the side that aren't actual insurance companies (IE: MasterCard, VISA, Sears, insurance from the banks, etc) are all designed roughly in the same manor and they are not regulated so they can make whatever rules they want.

This is no different than any other 'group' or term insurance that you buy. It will increase in price and will eventually cancel.

NEVER buy insurance of any kind from someone that isn't a linscensed agent becuase chances are it is not the best on the market and the person is very uninformed about the actual product.
Nydia
 
Posts: 1404
Joined: 08 Apr 2009, 18:45

Discuss the view that life assurance is futuristic in...

New postby Jason » 28 Oct 2012, 21:59

Discuss the view that life assurance is futuristic in nature? Discuss the view that life assurance is futuristic in nature?
Jason
 
Posts: 1378
Joined: 08 Apr 2009, 18:45

New postby Kalyn » 28 Oct 2012, 21:59

No one can say correctly about longevity. It is always presumed that a person will live reasonably longer say 80 years or so on the basis of which life is assured
Kalyn
 
Posts: 1314
Joined: 08 Apr 2009, 18:45

Whats the difference between life assurance and annunities?

New postby Vinita » 28 Oct 2012, 21:59

Whats the difference between life assurance and annunities? Whats the difference between life assurance and annunities?
Vinita
 
Posts: 1317
Joined: 08 Apr 2009, 18:45

New postby Kacy » 28 Oct 2012, 21:59

Life Insurance is esentially a bet that you are going to die and if you do, the insurance company pays out the money to the person who you appoint. The monthly cost of an insurance policy depends on many factors including your current health, the amount of money you want paid out, and the length of time you want to be insure for (10 years, 20 years, lifetime).

An annuity can take one of several forms. Normally, it is where you give a lump sum of money to an investment firm. The firm will then pay you a monthly payment from a certain date until you die (there are some variations of that though). The amount of the monthly payment depend on how the money is invested, when the monthly payments begin, what happens to the lump sum when you die, etc..

Insurance is basically meant to protect someone in the event you die (such as a significant other or kids). There are several reasons you might want an annuity, but the most common is to have income when you retire. In short, life insurance benefits someone else, annuities typically benefit you (but like I said, not always)
Kacy
 
Posts: 1314
Joined: 08 Apr 2009, 18:45


Return to Insurance



Who is online

Users browsing this forum: No registered users and 1 guest