Archive for May, 2011
General Agents Insurance Company Report
Posted by admin in Insurance Companies on May 30, 2011
By Donald Yerke
For decades, Midland National Life Insurance Company, has stood out as one the premier insurers for General Agents to represent. Due to recent economic financial fluctuations, revisiting Midland National Life in this report is critical.
1906 was when history began for Midland National Life Insurance Company. This company aspires to the values of integrity, openness, respect, and accountability. Unfortunately, in the last few years robust selling of fixed-indexed annuity plans drove rapid net premium growth beyond initial expectations. Attempting to change from a well-known General Agents Insurance Company to a GA and brokerage combination insurer resulted in early great results, then leading to questionable financial stability.
Midland National Life Insurance Company was purchased 1n 1958 by C.A. Sammons & Associates of Dallas. Charles Sammons already was the president of Reserve Life and owned eight life insurance companies. Today the two key subsidiaries of the Sammons Financial Group of Chicago are Midland National and NACOLAH, North American Company for Life and Health Insurance. Read the rest of this entry »
National Benefit Life Insurance Company
Posted by admin in Insurance Companies, Life Insurance on May 30, 2011
By Steve Mackey
Looking for the best company to cover your insurance needs can get very confusing. There are hundreds of insurance companies both regional and national that have different, and even opposing, policies when it comes to coverage. One of the best reviewed companies is the National Benefit Life Insurance Company (NBL). It has received strong ratings from the Insurance Marketplace Standards Association, Standard & Poor’s, and A.M. Best. It has also received a myriad awards from independent customer organizations around the country. Now the big question is: Does it live up to expectations?
The Company
Situated in Long Island, New York, NBL is a subsidiary of Primerica, one of the biggest financial services in the country. NBL has more than $30 billion face amounts on record and this keeps on growing as more and more people seek life insurance from them. NBL currently covers more than half a million individuals working for thousands of employers. NBL operates on a national level, covering businesses from all 50 states.
National Benefit offers many different term life policies. This is life insurance that is designed to protect your dependants financially for a certain period of time. This is especially important if you’re just starting a family, if you’ve just purchased a house, or if you have some other type of debt or expense you’re worried about paying, like paying for your child’s college expenses. Read the rest of this entry »
Trampolines and Homeowners Insurance Coverage
Posted by admin in Home Insurance, Insurance Companies on May 25, 2011
By James J. Robinson
How will having a trampoline affect the cost of my homeowners insurance policy? In the US alone, the number of trampolines in use is approximately 3 million, which means roughly 3% of all American homes have a trampoline somewhere on their property. Unfortunately, many of those 3 million trampolines will be responsible for numerous injuries. When you take into account that an estimated $280 million dollars a year is spent by insurance companies to treat injuries caused by trampoline use, the consumer can begin to understand why insurance companies are becoming increasingly reluctant to insure homes with a trampoline.
Trampoline related injuries tripled in the years from 1991-1999, and in 1999 over 100,000 incidents of hospital emergency room visits were for trampoline related injuries. (Two-thirds of all injuries were in the age group 6-14.) Although 40% of all trampoline injuries are to the leg and foot area, some injuries such as paralysis have occurred and the resulting lifelong condition has caused the medical cost for treatment of these injuries and the long care assistance to go far above the policy limits set by most homeowners insurance companies. In addition, the number of trampoline related deaths since 1999 is 11.
That is the down side of trampoline use. There is also an upside that is often overlooked. And although there have been numerous injuries as a result of trampoline use, there are also many households who have owned a trampoline for many years, gotten nearly daily use out of it, and never had a single injury. These homes have supervised trampoline activity, set up some basic guidelines for its use (the number of people permitted to jump at a time, no flips allowed, no pushing, etc.), and have installed a safety net that prevented jumpers from falling off the trampoline. Read the rest of this entry »