| Long-term care coverage for U. Minnesota employees scrutinized
MINNEAPOLIS, Apr 03, 2007 (Minnesota Daily, U-WIRE via COMTEX) --Recently, the University of Minnesota made the switch to John Hancock Insurance and Financial Services, its new provider for employees' long-term care insurance. This type of coverage takes effect when policy holders are no longer able to care for themselves and are placed in assisted living settings. The company recently came under scrutiny -- in the midst of university employee enrollment -- when it was mentioned in a March 26 New York Times article about insurance companies' denial of so-called "legitimate" claims. Though the story focused primarily on two other carriers, some university employees called the employee benefits office questioning the validity of the allegation and John Hancock's reputation. On April 1 the company took over the coverage, which was first offered to university employees in 2000.
John Hancock Ranks Number One In Pension Closeout Sales In 2006
BOSTON, April 4 /PRNewswire/ -- John Hancock led the life insurance industry in single premium pension closeout sales in 2006, according to a recent survey of 18 major life insurers by LIMRA International (LIMRA). John Hancock's pension closeout sales reached $415.2 million in 2006, capturing approximately 23 percent of the industry's total sales for the year, according to LIMRA. Ron McHugh, Senior Vice President, John Hancock Financial Services, said the company sees solid opportunity in the market and that John Hancock's commitment to customer service and its outstanding financial strength ratings position John Hancock well for future growth in the business. "With the passage of the Pension Protection Act last year and the ongoing shift toward defined contribution plans, we expect the single premium pension closeout market to grow significantly over the next few years," Mr.
John Hancock Number One Overall in 2006 Long Term Care Insurance Sales
BOSTON, March 16 /PRNewswire-FirstCall/ -- John Hancock Life Insurance Company sold more long term care insurance than any other carrier in 2006, according to recent year-end surveys of long term care insurers by LIMRA International (LIMRA)(1). According to the surveys, John Hancock sold more than 86,000 policies/certificates through all its long term care insurance businesses. In its retail business, John Hancock had the highest growth rate of the top 10 carriers with the number of new insureds growing by 35 percent, compared to an industry average that fell 8 percent. In-force lives increased industry-wide by 3 percent while Hancock's in-force business grew 9 percent. The company also added more than 50 new clients to its group roster which helped boost its new group lives by 23 percent in a marketplace that experienced only 9 percent growth.
Real life stories more compelling
However, my faithful neighbor, Eva, who has noticed the confusion about who I am and from where I came in online comments regarding my stories, suggested I spend one of my columns explaining my eclectic past."It will only confuse them more," I said."Do it anyway. At least then, instead of being confused they can just know you are crazy" she said. This made sense to me.I was born in Ipswich, England, and lived in Europe for about six years before coming back to the United States. I was a dual citizen.My father was a career Air Force officer and war veteran who, in 1953, met and married my mother, a psychotherapist from west Texas. They had three of us kids, and we all are pretty much affected by our nomadic lifestyle but also gifted by it in many ways. To understand my family, one must watch the Robert Duvall flick, "The Great Santini." When I saw it, I wondered which one of us told Pat Conroy, the author of the book on which the film is based, our family secrets.I have a brother, Mark, and a sister, Victoria.
Lighten Up with XUBAZ: A New Accessory for People on the Move
XUBAZ is a scarf-like accessory with pockets to accomodate light-weight items such as passports, credit cards, keys, cell phones and I-Pods. By balancing form and function with a singular design, XUBAZ simplifies the life of the on-the-go man or woman. Los Angeles, CA (PRWEB) April 10, 2007 -- When international entrepreneur Bernt Kuhlmann became frustrated by the need to wear a jacket or a coat while traveling or for business, he decided to create a practical, yet stylish solution. Designed specifically for the needs of people who are busy and aspire to look good, Kuhlmann created XUBÁZ functional neckwear as a simple alternative to jackets, purses, fanny packs and travel vests. XUBÁZ is a scarf-like accessory with pockets to accommodate light-weight items such as passports, credit cards, keys, cell phones and I-Pods.
'Live Free' NH Debates Mandatory Sea Belt Use for Adults
New Hampshire would give up its status as the only state without a mandatory seat belt law for adults under a bill approved narrowly Thursday by the House. The New Hampshire House voted 153-140 to send the bill to the Senate. Supporters noted only 64 percent of New Hampshire drivers buckle up, increasing their risk of serious injury or death in an accident as well as passing a potential burden onto taxpayers to pay their health care costs. They noted states with mandatory laws have much higher usage rates. Franconia Democrat Martha McLeod said the state should not continue to rely on education and voluntary usage. "New Hampshire's approach has been a dismal failure,'' said McLeod. Cornish Democrat Carla Skinder, an emergency room nurse, said she has seen too many killed who might have lived had they been belted in.
Silver lining in dark cloud of real estate
It's not true that reporting upbeat stories on the real estate beat is, for me, akin to Maynard G. Krebs' trying to say the word "w-w-w-w-work." However, since some readers continue to blame the messenger (me) for the message (home sales and prices are slowing; inventory is growing), it's time to empty our inbox of all of the pleasant news in residential real estate. .
Guggenheim Partners Asset Management Announces the Hiring of ...
SANTA MONICA, Calif., March 29 /PRNewswire/ -- Guggenheim Partners Asset Management, Inc. ("GPAM") and Guggenheim Partners, LLC ("Guggenheim") announced today the hiring of Anne Bookwalter Walsh as Managing Director. She will report to B. Scott Minerd, Chief Executive Officer and Chief Investment Officer of Guggenheim Partners Asset Management, and Managing Partner of Guggenheim Partners, LLC. Ms. Bookwalter Walsh's extensive experience in investment management for insurers brings to Guggenheim additional capacity to provide customized, innovative fixed-income strategies to its growing client base, particularly within the insurance and pension arenas. With more than 20 years in the investment management industry, including roles as a money manager and as a selector of money managers for insurers, Ms.
Business insurance to adopt unified definition of diseases
Shanghai. April 4. INTERFAX-CHINA - The Insurance Association of China and the Chinese Medical Doctors' Association will implement a unified definition of what constitutes a major disease in order to provide greater clarity for health insurance policy holders, the two groups announced on Tuesday. .
Tips for selling your life insurance policy
EAR SAVVY SENIOR: I have a life insurance policy that I've been thinking about dropping - because I don't really need it any longer - but my neighbor was telling me I could sell it to a life settlement company for a nice profit. What can you tell me about life settlements? -Interested In Selling DEAR INTERESTED: If you think you no longer need your life insurance policy, or are having a difficult time keeping up with the premium payments - a life settlement is a nice option to consider. Here's what you should know. A life settlement is the sale of an existing life insurance policy (term, whole life, universal and others) to a third-party company for cash. Life settlements are typically best suited for people over age 65 with some health problems and who own a policy with a face value of $200,000 or more.
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