Search results
Results from the WOW.Com Content Network
Knowing that an assurance fund must increase or perish, the decision was taken to extend the business remit by introducing elements such as passenger life assurance and baggage insurance. The main focus was the extension of the society's operations into the field of 'general' (as opposed to 'marine') life assurance.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Servicemembers' Group Life Insurance (SGLI) is a life insurance program available to all active duty and reserve members of the uniformed services of the United States. Supervised by the United States Department of Veterans Affairs , the program is administered by the Prudential Insurance Company of America.
" Group life insurance is typically offered as a piece of a larger employer or membership benefit package. By purchasing coverage through a provider on a 'wholesale' basis for its members, the coverage costs each individual worker/member much less than the purchase of an individual policy.
In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".
This leads to widespread use of life insurance as a tax-efficient method of saving as well as protection in the event of early death. In the United States, the tax on interest income on life insurance policies and annuities is generally deferred. However, in some cases the benefit derived from tax deferral may be offset by a low return. This ...
The National Mutual Life Assurance Society was formed in 1896 by the merger of the National Life Assurance Society and the Mutual Life Assurance Society. It was notable for the Chairmanship of John Maynard Keynes between 1921 and 1938 when he developed the concept of active investment of its fixed interest portfolio, and investment in equities, long before the post-war “cult of the equity”.
The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway , before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.