No one who comes of age and lands a job can escape the inevitable – that is an insurance sales agent who comes knocking. Looking back, I am ashamed to admit that many of my not-so-proud moments came from evading unplanned encounters with relatives and acquaintances who decided to try their hand at selling life insurance. What can I say? I was young, not savvy with small talk, have yet to learn to say no, and truthfully, my income could barely cover the bills. Now I’d like to think I know better and even go out of my way to set planned meetings with insurance specialists to protect my daughters’ financial future. If I knew then what I know now, I would have managed those “ambush” meetings better, and might have come away with sound investments too. NO MAGIC AGE Is there a right age to buy life insurance? According to Melvin Esteban, wealth management executive with Insular Life Assurance Co. Ltd., there is no magic age or line in the sand when one has to … [Read more...] about News Is there a right age to buy life insurance?
20 year life insurance rates
A survey has shown that when it comes to Japan’s 20-year-olds, much of them don’t wish to live into their 80s. Despite the country having one of the world’s highest rate of life expectancies, young Japanese men and women appear unwelcoming to the government’s “100-year-life” society. The 100-year-life society is a slogan championed by Japanese Prime Minister Shinzo Abe. Last September 2017, Japan’s Cabinet Public Relation’s Office reported that Abe held the first meeting of Council for Designing 100-Year-Life Society, with the aim to focus in enhancing the quality of individual human resources and productivity in regard to Japan’s aging population and declining birth rate. This, however, seems not to resonate with the younger population of Japan. As per The Japan Times last Sept. 17, Japanese men and women from the ages of 20 to 29 “hope to live to approximately 78.1 years old and 76.9.” Read also: Centenarians in … [Read more...] about Japan’s 20-year-olds don’t want to live into their 80s: Survey
caption Logo of France’s biggest insurer Axa is seen in Paris source Thomson Reuters AXA Equitable Holdings’ initial public offering priced at $20 a share. Wall Street analysts were expecting shares to price between $24 and $27. AXA’s IPO is expected to be the biggest since Snap. AXA Equitable Holdings, priced its initial public offering at $20 a share, missing the target range of $24 to $27 that Wall Street analysts were expecting. The insurer raised $2.75 billion, missing its $3.5 billion goal – but the IPO is still expected to be the biggest since Snap raised $3.9 billion in March 2017. Spinning off from French life insurance company AXA SA, AXA Equitable Holdings will encompass its parent company’s US operations. This includes the US Life & Savings unit and a 64% stake in AllianceBernstein Holding, a money manager. Investors may be showing doubt ahead of … [Read more...] about AXA Equitable is getting ready for the biggest IPO of the year
By Dan Healing The Canadian Press Mon., April 30, 2018 Estate planning expert Lynne Butler loves to tell the cautionary tale of a widow in her 80s who had six children and six real estate properties. When it came time for her to make her final wishes known, she sat at her desk and hand-wrote a will that bequeathed her home to the child who lived with her and cared for her, and carefully doled out the other parcels of mainly rural land to each of her other five grown children. What she didn’t account for was something called capital gains tax — all of the properties had gained in value over the decades and all except her principal residence (which is exempt) owed thousands of dollars in taxes. There wasn’t nearly enough cash in the estate to pay the tax bill. “Normally, (the heirs) can’t inherit the property until the tax is paid, so what actually ends up happening is that one or more of the properties gets sold to pay the tax. So someone … [Read more...] about Life changes. So should your will, say estate experts
KUALA LUMPUR: Malaysia's household debt-to-gross domestic product declined to 84.3% last year from 88.3% in 2016 driven by stronger performance of the domestic economy and improvement in underlying trends in debt accumulation by households. Bank Negara Malaysia (BNM) said the growth of unsecured borrowings in the form of personal loans has been sharply lower, down to 2.5% last year from 25.2% in 2008, and the debt servicing ratios of most households remained within prudent levels. It said the growth in household financial assets outpaced that of debt for the first time since 2012. "The growth in household borrowings moderated for the seventh consecutive year and is now more in line with income growth," BNM said in its Financial Stability and Payment Systems Report 2017 released today. The central bank said the banking sector's profitability continued to improve, albeit the lower household income level, reflecting the slower growth in interest expenses and higher fee-based income from … [Read more...] about BNM: Household debt declines to 84.3% last year