(ARA) – Life is full of phases and milestones, and each one could change your life insurance needs. Whether you’re starting a new job or retiring, single or just married, deployed by the military or leaving the service, buying a home or having a baby, each transition in your unique circumstances merits a financial...

Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, plans to hire 5,500 agents on payroll by the end of next month in a bid to reduce attrition and boost the company’s new business, an official said. “We are introducing career agent format. under this format, agents will be assured of a fixed level of income,”...

The attorney for an unemployed New York man suspected of faking his own drowning denied Wednesday that his plan included a plot to collect on a life insurance policy. Raymond Roth of Massapequa was arrested Wednesday on charges including conspiracy to commit insurance fraud and falsely reporting an incident. A prosecutor said Roth and his 22-year-old son, Jonathan, who was arrested last week on the same charges and is free on bond, conspired...

RICHMOND, Va. — A Lunenburg man who attempted to collect $773,174 in life insurance by reporting his own death with fake documents was sentenced to 30 months in prison Friday. Jamie Dwayne Long, 38, pleaded guilty last March to one count of mail fraud and was facing a term of 27 to 33 months under federal sentencing guidelines when sentenced by U.S. District Judge Henry E. Hudson. According...

HONG KONG—ING Groep NV on Monday accepted a final round of bids in the auction of its Asian life insurance operations, an asset that analysts say could fetch more than $7 billion. ING agreed to sell the business as a condition of it restructuring plan following its bailout by the Dutch state during the 2008 global financial crisis. Among the insurers who bid are Canada’s Manulife Financial Corp....

Do you need 5 times your income? Or do you need 10 times your income? In my experience, if you ask stupid questions you tend to get stupid answers. The real question you should be asking yourself is. if I die tomorrow, what do I want financially...

Employers who carry key man insurance and other common forms of employer-owned life insurance need to watch out for a potentially costly trap. The problem is that if proper notice and consent forms aren’t completed before the policy is issued, the death benefit is taxable, when it would normally be tax exempt. “The result is draconian,” says Jonathan Forster, a tax lawyer...

Eighteen years ago, John Campbell bought a $100,000 life insurance policy. Since then, he’s paid an annual premium of $2,600.now, at age 85, he’s paid $47,000 into it.Suddenly, though, the Granbury man faces a problem he didn’t expect. He received a letter in March from Conseco Life Insurance co. announcing a payment increase. It’s his first in 18 years, and it’s not a little...

KINGSTON, ONTARIO, May 22, 2012 (MARKETWIRE via COMTEX) –Health care spending accounts (HCSA) are gaining in popularity andnow the Empire Life Insurance Company (Empire Life) is building onits insured Incidental Health Expense product by adding a traditionalHCSA to its Group products. a health care spending account is a flexible product that can helpemployers manage costs, enhance a plan and offer employees morechoice. the company has offered an...

Q: I have a 20-year policy with a life insurance company that is fully paid up. in March and April, they didn’t send out my payment statement. I called and was told a statement had been mailed out. when I didn’t receive either statement, I decided to send a payment anyhow with my account number on the check. what...