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	<title>Insurance News Alerts &#187; Life Insurance</title>
	<atom:link href="http://www.insurancenewsalerts.com/category/life-insurance/feed" rel="self" type="application/rss+xml" />
	<link>http://www.insurancenewsalerts.com</link>
	<description></description>
	<pubDate>Thu, 29 Jul 2010 14:18:17 +0000</pubDate>
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		<title>Smart Term Life Insurance Agency Launches New Site</title>
		<link>http://www.insurancenewsalerts.com/smart-term-life-insurance-agency-launches-new-site</link>
		<comments>http://www.insurancenewsalerts.com/smart-term-life-insurance-agency-launches-new-site#comments</comments>
		<pubDate>Mon, 26 Jul 2010 15:24:32 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/smart-term-life-insurance-agency-launches-new-site</guid>
		<description><![CDATA[Smart Term Life Insurance Agency today announced the launch of www.SmartTermLife.net as a Learning Center and Market Place for Families to research, compare or purchase various Life Insurance Plans.
Pensacola, FL (PRWEB) July 23, 2010
Smart Term Life Insurance Agency today announced the launch of www.smarttermlife.net  as a Learning Center and Market Place for Families to [...]]]></description>
			<content:encoded><![CDATA[<p><em>Smart Term Life Insurance Agency today announced the launch of www.SmartTermLife.net as a Learning Center and Market Place for Families to research, compare or purchase various Life Insurance Plans.</em></p>
<p>Pensacola, FL (PRWEB) July 23, 2010</p>
<p>Smart Term Life Insurance Agency today announced the launch of www.smarttermlife.net  as a Learning Center and Market Place for Families to research, compare or purchase Life Insurance Plans. As a Learning Center, the website has topics such as &#8220;Prudential Life Insurance - Banner Life Insurance&#8221;, &#8220;Senior Life Insurance Quotes - Exam Required?&#8221;, &#8220;No Medical Exam Term Life Insurance - Instant Coverage Options&#8221;. Given the lack of resources currently available, Smart Term Life anticipates quickly becoming the Primary Resource for Prudential Life Insurance and Banner Life Insurance policies.</p>
<p>Future plans include expanding the resources to all topics surrounding life insurance, as well as giving clients the ability to communicate with an adviser via web conferencing or even online chat.</p>
<p>The website will be an invaluable resource for people of all ages and needs to access information, compare types of life insurance plans or to purchase a policy online.</p>
<p>Mark Prip of www.smarttermlife.net stated, &#8220;Our goal is to be the best online family resource center for assisting families with their Life Insurance needs. We want to create an online portal that will enable buyers to research, compare and purchase a plan without feeling the pressure from the traditional insurance salesman. We give you the tools and the resources. You make the decision.&#8221;</p>
<p># # #</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/prweb2010/07/prweb4292474.htm">http://www.prweb.com/releases/prweb2010/07/prweb4292474.htm</a></p>
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		<title>MEG Financial on Key Man Insurance: It May be More Valuable than You Think</title>
		<link>http://www.insurancenewsalerts.com/meg-financial-on-key-man-insurance-it-may-be-more-valuable-than-you-think</link>
		<comments>http://www.insurancenewsalerts.com/meg-financial-on-key-man-insurance-it-may-be-more-valuable-than-you-think#comments</comments>
		<pubDate>Tue, 13 Jul 2010 14:34:24 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Disability Insurance]]></category>

		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/meg-financial-on-key-man-insurance-it-may-be-more-valuable-than-you-think</guid>
		<description><![CDATA[MEG Financial, a nationwide specialty life and disability insurance agency announces an overlooked opportunity for unwanted or needed keyman life insurance with the emerging “secondary market” for life insurance.
Pensacola, FL (Vocus) July 13, 2010
MEG Financial, a leading provider of key man insurance online explains the potential hidden value of unneeded key man life insurance policies.
Key [...]]]></description>
			<content:encoded><![CDATA[<p><em>MEG Financial, a nationwide specialty life and disability insurance agency announces an overlooked opportunity for unwanted or needed keyman life insurance with the emerging “secondary market” for life insurance.</em></p>
<p>Pensacola, FL (Vocus) July 13, 2010</p>
<p>MEG Financial, a leading provider of key man insurance online explains the potential hidden value of unneeded key man life insurance policies.</p>
<p>Key man insurance, commonly referred to as key person insurance, is essentially life and/or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illness. With many companies, this protection is essential to its continuation in the event that a key person is lost.</p>
<p>What happens when a key man insurance policy is no longer necessary?</p>
<p>While key man insurance is extremely valuable, circumstances constantly change and there are situations when key man insurance is no longer important. Common reasons why key man insurance policies are no longer required include changing company objectives, the key person retires or leaves the company for greener pastures, the business is sold, a loan is paid off or simply the original intent of the coverage has been fulfilled.</p>
<p>MEG Financial founder and CEO Michael E. Gray, Jr. states, “in the past, cases where key person coverage was acquired but was no longer needed, the only options for the business were to let the key man policy lapse or surrender the policy for its remaining cash value. If the company chose to lapse the policy, it became null and void with no value. If the policy was surrendered for its cash value, only a fraction of the policy’s face value is returned and in many cases the value received is far less than actual premiums paid into the policy.”</p>
<p>Life Settlements: The Secondary Market for Life Insurance</p>
<p>Over the last few years, a new opportunity has evolved, called a life settlement and has created a multi-billion dollar industry known as the life insurance “secondary market”. Similar to the secondary market for mortgages, the life settlement market provides an efficient system for evaluating unwanted life insurance policies so that they can be valued for the purpose of selling them to an investor at a fair market value. These investors are typically very large and recognized institutional funders and prominent investment banks. Consequently, billions of dollars are now being poured into the life settlement industry to purchase unwanted life insurance policies.</p>
<p>According to Gray, “for companies owning key man insurance policies that are no longer needed, a life settlement may present a unique opportunity to receive maximum policy value for a potentially unrecognized asset. Instead of lapsing for no value or surrendering the policy for its available cash, it can be appraised to determine its potential fair market value and may then be sold in the secondary market subject to certain conditions.” Bottom line, find out more about the potential for a life settlement before any key man insurance policy is lapsed or surrendered. “You may be very surprised to learn that your key man policy is more valuable than you think!”</p>
<p>What’s the Catch?</p>
<p>Obviously, not all life insurance policies have value in the secondary market. Life settlement providers, those that purchase unwanted life policies for the purposes of reselling them to institutional investors, will competitively bid on life insurance policies based on the age of the insured, their health status and the specifics of the actual life policy being sold. Since the policies are being purchased as investments and will be kept active until the death of the insured, age requirements are at minimum individuals over 65 with some degree of health history. Additionally, if the policy is term, it must be convertible to whole life or universal life.</p>
<p>About MEG Financial</p>
<p>MEG Financial, Inc. is a Florida based corporation that provides life insurance and financial services consulting to individuals and businesses in all 50 states and the District of Columbia and representing over 80 of the nation’s highest rated and most respected life and disability insurance companies. MEG’s primary areas of expertise include life insurance, life insurance settlements, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.</p>
<p>Contact</p>
<p>Michael E. Gray, Jr., Founder and CEO<br />
MEG Financial, Inc.<br />
196 East Nine Mile Road, Suite D<br />
Pensacola FL 32534<br />
Toll Free: (877) 583-3955<br />
www.megfinancial.com<br />
www.keypersoninsurance.com</p>
<p>###</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/prwebkeymaninsurance/lifeinsurancesettlements/prweb4242754.htm">http://www.prweb.com/releases/prwebkeymaninsurance/lifeinsurancesettlements/prweb4242754.htm</a></p>
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		<title>Some Types of Life Insurance are a Waste of Money</title>
		<link>http://www.insurancenewsalerts.com/some-types-of-life-insurance-are-a-waste-of-money</link>
		<comments>http://www.insurancenewsalerts.com/some-types-of-life-insurance-are-a-waste-of-money#comments</comments>
		<pubDate>Tue, 06 Jul 2010 12:37:45 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/some-types-of-life-insurance-are-a-waste-of-money</guid>
		<description><![CDATA[AccuQuote, a leader in providing term life insurance quotes to people across the United States, provides reasons why certain types of insurance should not be included in a family&#8217;s overall insurance plan.
Wheeling, IL (Vocus) July 6, 2010 &#8212; Strapped for cash? Stop spending money on certain types of life insurance. AccuQuote, a leader in providing [...]]]></description>
			<content:encoded><![CDATA[<p><em>AccuQuote, a leader in providing term life insurance quotes to people across the United States, provides reasons why certain types of insurance should not be included in a family&#8217;s overall insurance plan.</em></p>
<p>Wheeling, IL (Vocus) July 6, 2010 &#8212; Strapped for cash? Stop spending money on certain types of life insurance. AccuQuote, a leader in providing <a title="term life insurance quotes online" href="http://www.accuquote.com" target="_blank">term life insurance quotes</a> to people across the United States, provides reasons why certain <a title="types of life insurance" href="http://www.accuquote.com/types.cfm" target="_blank">types of life insurance</a> should not be included in a family&#8217;s overall insurance plan.</p>
<p>The key reason to buy insurance is to protect a valuable asset. Insurance such as homeowner&#8217;s, auto, health and life are the most important types of insurance. In fact, many states require proof of ownership of insurance in these areas. However, there are many other types of insurance on the market that are simply not worth the money.</p>
<p>&#8220;Don&#8217;t be fooled by fancy names and clever advertising schemes,&#8221; says Byron Udell, founder and CEO of AccuQuote. &#8220;The truth is: some types of insurance sold today provide the same amount of protection you can get from an economical term life insurance policy.&#8221;</p>
<p>Following are types of insurance to avoid:</p>
<p>•	Mortgage life insurance – Mortgage life insurance promises to pay off the insured&#8217;s outstanding mortgage in the event of their death. These types of policies can be costly. In addition, the amount of coverage mortgage insurance provides decreases overtime; making it very narrow in its coverage. &#8220;A traditional term life insurance policy will provide your family with enough money to pay off the mortgage and take care of other financial obligations at a much lower cost,&#8221; says Udell.<br />
•	Credit life insurance – Credit life insurance covers outstanding credit card debts in the event of the policyholder&#8217;s death. This type of insurance is overpriced and sold under unreasonable terms. Term life insurance provides more coverage at a lower cost per thousand.<br />
•	Air travel life insurance – Air travel life insurance provides converge for deaths that occur on, or due to, commercial aircrafts. It is simply a waste of money. &#8220;Many airports sell this extremely pricey type of life insurance as a way to make money off of people&#8217;s fears of flying,&#8221; says Udell. &#8220;If you compared the price of an air travel life insurance with a traditional term life insurance policy you&#8217;d see that you&#8217;re paying several times more for a limited amount of protection.&#8221;</p>
<p>The bottom line: these gimmicky policies are nothing more than overpriced ways to buy protection.</p>
<p>&#8220;Save yourself some money and buy a competitively priced term life insurance policy with a face amount that fairly represents the economic value of all of your assets,&#8221; says Udell. &#8220;Then you can rest assured knowing that if you check out early your family is protected financially.&#8221;</p>
<p>For more information on an economically priced term life insurance policy contact a licensed life insurance agent at AccuQuote.</p>
<p>About AccuQuote<br />
AccuQuote helps consumers find the best values in term life insurance by combining instant online <a title="life insurance quote" href="http://www.accuquote.com/free-life-insurance-quote.cfm" target="_blank">life insurance quotes</a> with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a <a title="life insurance policy" href="http://www.accuquote.com/NCB1/term-life-insurance-calculator.cfm" target="_blank">term life insurance calculator</a> to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance and a blog which answers many questions about life insurance. For additional information or to get quotes for <a title="cheap life insurance" href="http://www.accuquote.com/cheap-term-life-insurance.cfm" target="_blank">cheap term life insurance</a>, please call 1-888-314-4455.</p>
<p>###</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/2010/070610/prweb4216894.htm" target="_blank">http://www.prweb.com/releases/2010/070610/prweb4216894.htm</a></p>
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		<title>Guaranteed Issue Life Insurance Explained</title>
		<link>http://www.insurancenewsalerts.com/guaranteed-issue-life-insurance-explained</link>
		<comments>http://www.insurancenewsalerts.com/guaranteed-issue-life-insurance-explained#comments</comments>
		<pubDate>Tue, 22 Jun 2010 13:37:47 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/guaranteed-issue-life-insurance-explained</guid>
		<description><![CDATA[AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains guaranteed issue life insurance for consumers who may not qualify for traditional life insurance coverage.
Wheeling, IL (Vocus) June 21, 2010 &#8212; AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains guaranteed issue [...]]]></description>
			<content:encoded><![CDATA[<p><em>AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains guaranteed issue life insurance for consumers who may not qualify for traditional life insurance coverage.</em></p>
<p>Wheeling, IL (Vocus) June 21, 2010 &#8212; AccuQuote, a leader in providing <a title="term life insurance quotes online" href="http://www.accuquote.com" target="_blank">term life insurance quotes</a> to people across the United States, explains guaranteed issue life insurance for consumers who may not qualify for traditional life insurance coverage.</p>
<p>Many health conditions prevent consumers from qualifying for fully underwritten, traditional life insurance coverage. However, there are alternative options for these people. Guaranteed issue life insurance is a type of life insurance plan that requires no medical exam. Most people, within a certain age bracket, who apply for this type of coverage can become insured. Guaranteed issue plans make it possible to insure people who would otherwise be considered ‘uninsurable&#8217; by most carriers, according to industry standards.</p>
<p>&#8220;Guaranteed issue life insurance is beneficial for those who cannot obtain traditional coverage, however there are limitations,&#8221; says Byron Udell, founder and CEO of AccuQuote. &#8220;For example, most of these policies have small face values, usually less than $25,000, at a much higher cost. The reason is because these policies are usually designed to cover final expenses, and that&#8217;s it.&#8221;</p>
<p>Since there is no medical exam or underwriting for guaranteed issue life insurance policies, carriers have no information other than the applicant&#8217;s age and gender on which to base the premiums. The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals. For some of these policies, you could end up paying more in premiums than your beneficiaries will receive upon your death.</p>
<p>&#8220;Almost anyone can qualify, even if they have fairly serious medical issues. So although there are limitations to this type of life insurance, it&#8217;s certainly better to be able to obtain some type of coverage than nothing at all,&#8221; says Udell. &#8220;But remember, if you&#8217;re young and relatively healthy, traditional plans offer a higher face amount, at a much lower cost per thousand and represent much better values.&#8221;</p>
<p>For more information on guaranteed issue life insurance or traditional coverage, contact a licensed life insurance agent at a multi-carrier life insurance quoting and brokerage firm, like AccuQuote.</p>
<p>About AccuQuote<br />
AccuQuote helps consumers find the best values in term life insurance by combining instant online <a title="life insurance quote" href="http://www.accuquote.com/free-life-insurance-quote.cfm" target="_blank">life insurance quotes</a> with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a <a title="life insurance policy" href="http://www.accuquote.com/term-life-insurance-calculator.cfm" target="_blank">life insurance needs calculator</a> to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance and a blog which answers many questions about life insurance. For additional information or to get quotes for <a title="cheap life insurance" href="http://www.accuquote.com/cheap-term-life-insurance.cfm" target="_blank">cheap term life insurance</a>, please call 1-888-314-4455.</p>
<p>###</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/2010/062110/prweb4159634.htm" target="_blank">http://www.prweb.com/releases/2010/062110/prweb4159634.htm</a></p>
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		<title>MEG Financial, Inc. Unveils New Corporate Website</title>
		<link>http://www.insurancenewsalerts.com/meg-financial-inc-unveils-new-corporate-website</link>
		<comments>http://www.insurancenewsalerts.com/meg-financial-inc-unveils-new-corporate-website#comments</comments>
		<pubDate>Sun, 20 Jun 2010 14:37:51 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/meg-financial-inc-unveils-new-corporate-website</guid>
		<description><![CDATA[MEG Financial, a national boutique life and disability insurance agency announces upgrades to its corporate website to include free instant term life and disability insurance quotes.
Pensacola, FL (PRWEB) June 17, 2010 &#8212; MEG Financial, a national life and disability insurance specialty agency announced today the launching of their new corporate website. The new site offers [...]]]></description>
			<content:encoded><![CDATA[<p><em>MEG Financial, a national boutique life and disability insurance agency announces upgrades to its corporate website to include free instant term life and disability insurance quotes.</em></p>
<p>Pensacola, FL (PRWEB) June 17, 2010 &#8212; MEG Financial, a national <a title="life and disability insurance" href="http://www.megfinancial.com/" target="_blank">life and disability insurance</a> specialty agency announced today the launching of their new corporate website. The new site offers individuals the opportunity to receive free personalized life and disability insurance quotes from the convenience of their home or office.</p>
<p><img src="http://ww1.prweb.com/prfiles/2010/06/16/1241014/gI_logo.png.jpg" alt="news image" width="250" height="56" align="right" /></p>
<p>&#8220;This is a great opportunity for anyone looking for life or disability insurance to obtain the competitive quotes from the country&#8217;s top insurance companies instantly from their personal computer&#8221; says MEG Financial founder and CEO Michael E. Gray, Jr. &#8220;Our focus is on results and our instant online quote database assures accurate and up to date rates.&#8221;</p>
<p>MEG Financial&#8217;s areas of expertise include all forms of life insurance including term life insurance, whole life insurance, universal life, and equity indexed universal life insurance as well as disability income insurance for professionals and executives. Additionally, MEG specializes in key man insurance, business life and disability insurance and in assisting individuals with serious medical conditions such as diabetes, prostate cancer, sleep apnea and heart disease find competitively priced life insurance.</p>
<p>Over the past 16 plus years, <a title="MEG Financial" href="http://www.megfinancial.com/" target="_blank">MEG Financial</a> has assisted thousands of individuals and businesses find and secure the absolute most competitive life and disability insurance. Licensed in all 50 states and the District of Columbia, MEG has written over $2 billion of in-force life and disability insurance. Representing over 80 of the nation&#8217;s top life and disability insurance companies, MEG Financial truly offers an independent advantage.</p>
<p>Gray goes on to say, &#8220;whether you are just shopping for comparison life insurance rates or are ready to buy a policy today, having objective and unbiased information goes a long way to helping you make the best policy choice. With the ability to get quotes instantly at <a href="http://www.megfinancial.com" target="_blank">www.megfinancial.com</a> as well as the option to speak with a licensed professional agent, you have everything you need to make the life or disability insurance buying process pain free and guarantee the best results.&#8221;</p>
<p>Contact:</p>
<p>MEG Financial<br />
Michael E. Gray, Founder, CEO and Independent Insurance Agent<br />
196 East Nine Mile Road, Suite D<br />
Pensacola, Fl 32534<br />
Toll Free (877) 583-3955<br />
<a href="http://www.megfinancial.com" target="_blank">www.megfinancial.com</a><br />
CA 0C39049</p>
<p># # #</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/life_disability/insurance_meg_financial/prweb4153664.htm" target="_blank">http://www.prweb.com/releases/life_disability/insurance_meg_financial/prweb4153664.htm</a></p>
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		<title>Resolution plans deal for Axa&#8217;s UK life insurance business</title>
		<link>http://www.insurancenewsalerts.com/resolution-plans-deal-for-axas-uk-life-insurance-business</link>
		<comments>http://www.insurancenewsalerts.com/resolution-plans-deal-for-axas-uk-life-insurance-business#comments</comments>
		<pubDate>Fri, 18 Jun 2010 14:08:02 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/?p=4902</guid>
		<description><![CDATA[(GUARDIAN) - Resolution, the investment firm  led by Clive Cowdery, is closing in on a deal to buy the UK life  insurance business of Axa, the French insurance  firm, for £2.75bn.
The purchase will be financed through a £2bn  rights issue, another £500m of notes provided by Axa, as well as bank [...]]]></description>
			<content:encoded><![CDATA[<p>(<a href="http://www.guardian.co.uk/">GUARDIAN</a>) - <a title="More  from guardian.co.uk on Resolution" href="http://www.guardian.co.uk/business/resolution">Resolution</a>, the investment firm  led by Clive Cowdery, is closing in on a deal to buy the UK life  insurance business of <a title="More from guardian.co.uk on Axa" href="http://www.guardian.co.uk/business/axa">Axa</a>, the French insurance  firm, for £2.75bn.</p>
<p>The purchase will be financed through a £2bn  rights issue, another £500m of notes provided by Axa, as well as bank  debt, Resolution said. The company, formed 18 months ago to consolidate  the UK life insurance market, already acquired <a title="Guardian: Friends Provident accepts £1.86bn takeover by  Resolution" href="http://www.guardian.co.uk/business/2009/aug/11/friends-provident-resolution-takeover">Friends Provident for £1.9bn last year</a>.</p>
<p>Resolution  is looking at other market players as it aims to build an industry  leader with £10bn worth of life insurance policies by 2013. The company  then plans to spin the business off in the stock market, and move on to  consolidating other industries.</p>
<p>Adding Axa&#8217;s UK units would take  Resolution&#8217;s insurance policies under management to about £6.8bn,  putting the company among the top three life insurance firms in Britain,  competing with Norwich Union and Legal &amp; General.</p>
<p><a href="http://www.guardian.co.uk/business/2010/jun/14/resolution-deal-axa-uk-life-insurance-business"><br />
Read full story</a></p>
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		<title>ELLKAY Introduces Revolutionary Live Insurance Mapping Solution for Diagnostic Laboratories</title>
		<link>http://www.insurancenewsalerts.com/ellkay-introduces-revolutionary-live-insurance-mapping-solution-for-diagnostic-laboratories</link>
		<comments>http://www.insurancenewsalerts.com/ellkay-introduces-revolutionary-live-insurance-mapping-solution-for-diagnostic-laboratories#comments</comments>
		<pubDate>Fri, 18 Jun 2010 13:30:34 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/ellkay-introduces-revolutionary-live-insurance-mapping-solution-for-diagnostic-laboratories</guid>
		<description><![CDATA[Leveraging more than 20 years of accumulated healthcare data management knowledge, ELLKAY now offers a full Live Insurance Mapping solution for laboratories.
(PRWEB) June 17, 2010 &#8212; ELLKAY is introducing its new Live Mapping solution for laboratories in the healthcare industry. LKLiveMapping is a unique technology that assists laboratories in reducing their bad debts and increases [...]]]></description>
			<content:encoded><![CDATA[<p><em>Leveraging more than 20 years of accumulated healthcare data management knowledge, ELLKAY now offers a full Live Insurance Mapping solution for laboratories.</em></p>
<p>(PRWEB) June 17, 2010 &#8212; ELLKAY is introducing its new Live Mapping solution for laboratories in the healthcare industry. LKLiveMapping is a unique technology that assists laboratories in reducing their bad debts and increases the efficiency in their billing process. It also provides a competitive advantage for laboratories in closing sales to new practices by improving physician office experience in ordering laboratory tests.</p>
<p>As laboratories grow in the competing diagnostic services industry, it has become a necessity to provide interfaces to physician offices to acquire new accounts. These interfaces are either in the form of demographic interface to physician&#8217;s Practice Management System (PMS) or Orders/Results interfaces to the practice&#8217;s EMR. Today, laboratories rely on these interfaces to provide them with clean order data along with correct insurance information for a patient. Laboratories are responsible for verifying the information by identifying the correct insurance in their billing system and cross-referencing it with the insurance in the order. It is a huge challenge for laboratories to obtain clean orders as there are several hundreds of PMS/EMR vendors in the country.  Each vendor&#8217;s system allows physicians to store insurance records in proprietary formats.</p>
<p>LKLiveMapping supports more than 450 different PMS/EMR systems and monitors changes in practice&#8217;s insurance records. Altered records are made available for cross-referencing via an innovative web dashboard. Cross referenced records are accessible by various interfaces ensuring all new laboratory orders are clean with correctly mapped laboratory insurance codes.</p>
<p>LKLiveMapping offers a full ‘Web 2.0&#8242; compliant ‘Software as a Service&#8217; (SaaS) laboratory service for matching and creating consistency between practice insurance records (PIRs) stored in client physician systems and laboratory&#8217;s master insurance records (MIRs). It leverages years of working experience with hundreds of software vendors. This service provides a centralized cost effective infrastructure to laboratories for managing and cross-referencing insurances as well as retrieving the mapping on-demand from third-party applications.</p>
<p>LKLiveMapping is a web-based solution that enables laboratories to manage and maintain their master insurance records (MIRs) and the mapping of physician practices&#8217; insurance records (PIRs) to these master codes. LKLiveMapping ensures that laboratories receive clean test orders with properly identified insurance codes. This process increases the quality of claims submitted to insurance companies and accelerates billing collection.</p>
<p>Utilizing LKLiveMapping, laboratories can either employ personnel to manage their divisional mapping from various locations via LKLiveMapping Dashboard or use ELLKAY&#8217;s ‘full-service option&#8217; to perform the cross-reference mapping.</p>
<p>Laboratories - How would you like a significant increase in productivity?   &#8220;With ELLKAY as your ‘Live Mapping&#8217; solution provider,&#8221; remarked Lior Hod, ELLKAY&#8217;s President and co-founder, &#8220;you will notice a significant mapping improvement that will directly reflect in your bottom line. This will enable laboratories to boost revenue from collectible insurance claims.&#8221;</p>
<p>LKLiveMapping leverages Web 2.0 architecture. It allows multiple staff members to simultaneously access insurance records and mapping, while complying with HIPAA standards of medical record privacy. &#8220;Web 2.0 and cloud computing puts ELLKAY at the forefront of healthcare information systems,&#8221; observed Michael Fishweicher, ELLKAY&#8217;s Vice President of Business Development. &#8220;We&#8217;re committed to offering the most cutting-edge solutions to solve our common industry problems while using the latest technology for fostering growth. We believe that ‘SaaS&#8217; and ‘Cloud Computing&#8217; in a ‘Web 2.0&#8242; friendly environment is clearly the future from both a usability standpoint as well as an economical standpoint. LKLiveMapping was built from the ground up maintaining this school of thought.&#8221;</p>
<p>Leveraging economies of scale, ELLKAY offers two subscriber service modes, internal and outsourced mapping. Kamal Patel, ELLKAY&#8217;s CIO and co-founder, added that, &#8220;Obtaining Clean Orders is a key to ensuring speedy collection of claims.  LKLiveMapping adds value to laboratory equity on both ends; it reduces back-office cleanup of data for claim submissions while increasing revenue.&#8221;</p>
<p>About ELLKAY, LLC</p>
<p>ELLKAY is a nationwide leader in connectivity solutions with a mission to provide preeminent connectivity solutions and services to the healthcare industry. ELLKAY offers a wide range of solutions and services to diagnostics laboratories, to laboratory outreach system vendors, and to vendors of Practice Management Systems (PMS), Electronic Medical Record (EMR) systems and to their medical practice clients throughout the United States.</p>
<p>ELLKAY uses a differentiation focus strategy for achieving competitive advantage by providing connectivity solutions to medical laboratories, and by forming strategic alliances with laboratories and other software companies. Laboratory solutions add value to laboratories, and strategic alliances add value to both ELLKAY and the partnering companies. ELLKAY&#8217;s comprehensive knowledge of connectivity in the healthcare industry with over 20 years of accumulated experience makes it a leading provider of integrated healthcare services.</p>
<p>To learn more about ELLKAY as well as the products and services they offer, visit them online at:<br />
<a href="http://www.ellkay.com" target="_blank">http://www.ELLKAY.com</a> .</p>
<p># # #</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/healthcare/laboratory/prweb4136724.htm" target="_blank">http://www.prweb.com/releases/healthcare/laboratory/prweb4136724.htm</a></p>
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		<title>MassMutual, Admerasia Make Grand Slam Win in 2010 Summit Ad Awards</title>
		<link>http://www.insurancenewsalerts.com/massmutual-admerasia-make-grand-slam-win-in-2010-summit-ad-awards</link>
		<comments>http://www.insurancenewsalerts.com/massmutual-admerasia-make-grand-slam-win-in-2010-summit-ad-awards#comments</comments>
		<pubDate>Fri, 11 Jun 2010 14:05:26 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/massmutual-admerasia-make-grand-slam-win-in-2010-summit-ad-awards</guid>
		<description><![CDATA[At the 2010 Summit International Awards, Admerasia won in the Newspaper Advertising Campaign category: Gold for &#8220;Branding,&#8221; Silver for &#8220;Dividend,&#8221; Bronze for &#8220;Moon Festival,&#8221; and Bronze for &#8220;Recruitment.&#8221;  To see the winning ads, visit massmutual.admerasia.com/2010summitawards/
New York, NY (PRWEB) June 10, 2010 &#8212; When collaboration works, it results in awards. In the case of Massachusetts [...]]]></description>
			<content:encoded><![CDATA[<p><em>At the 2010 Summit International Awards, Admerasia won in the Newspaper Advertising Campaign category: Gold for &#8220;Branding,&#8221; Silver for &#8220;Dividend,&#8221; Bronze for &#8220;Moon Festival,&#8221; and Bronze for &#8220;Recruitment.&#8221;  To see the winning ads, visit massmutual.admerasia.com/2010summitawards/</em></p>
<p>New York, NY (PRWEB) June 10, 2010 &#8212; When collaboration works, it results in awards. In the case of <a title="MassMutual" href="http://www.massmutual.com" target="_blank">Massachusetts Mutual Life Insurance Co. (MassMutual)</a> and <a title="Admerasia website" href="http://www.admerasia.com" target="_blank">Admerasia</a>, it proved to be a grand-slam victory at the recent 2010 Summit International Advertising Awards.</p>
<p>Admerasia, a leading Asian American advertising agency based in New York City, took home a record setting four awards based on the work it produced for MassMutual, the 158-year-old mutual life insurance company that is run for the benefit of its members and participating policyholders. The Massachusetts-based financial company offers whole life insurance, annuities, retirement plans, disability income insurance and long term care insurance.</p>
<p>The following <a title="Click this link." href="http://massmutual.admerasia.com/2010summitawards/" target="_blank">newspaper ads </a>were awarded 2010 Summit International Awards in the Newspaper Advertising Campaign category: Gold for &#8220;Branding,&#8221; Silver for &#8220;Dividend,&#8221; Bronze for &#8220;Moon Festival,&#8221; and Bronze for &#8220;Recruitment.&#8221; To see the winning ads, visit <a title="Click this link." href="http://massmutual.admerasia.com/2010summitawards/" target="_blank">massmutual.admerasia.com/2010summitawards/</a></p>
<p>&#8220;I congratulate the entire team of MassMutual for a job well done. What they have achieved for all categories, from the company and product campaigns to the recruitment ad, plus the Moon Festival campaign, amounts to a grand slam win,&#8221; said general manager Tommy Ng.</p>
<p>&#8220;Maintaining cultural relevancy in marketing communications and advertising is an absolute must,&#8221; said Chris Mendoza, assistant vice president of MassMutual&#8217;s Multicultural Market Development. &#8220;Based on feedback from consumers and our financial services professionals across the country, the ads are well received. Our work with Admerasia is based on consumer research and input from our producers to help make it the best that it can be,&#8221; Mendoza concluded.</p>
<p>Admerasia continues to integrate MassMutual&#8217;s logo into the insurer&#8217;s communication messages and various ethnic campaigns. The powerful visual treatment and messages that capture people in various important stages of their lives produce strong, culturally relevant messages that resonate with MassMutual&#8217;s customers.</p>
<p>Admerasia continues to distinguish itself with its record of creative and media excellence for many of its Fortune 500 clients, including Citibank, Nissan, P&amp;G, Lowe&#8217;s and McDonald&#8217;s.</p>
<p>For more information about Admerasia, please contact Tommy Ng, general manager at tel. 212-686-3333, with offices at 159 West 25th Street 6/F, New York, NY 10001. Visit <a title="Click this link." href="http://www.admerasia.com" target="_blank"></a><a href="http://www.admerasia.com" target="_blank">www.admerasia.com</a> for more information. For more information about MassMutual and its advertising campaigns, visit <a title="MassMutual ads" href="http://www.massmutual.com/aboutmassmutual/saa/advertising" target="_blank"></a><a href="http://www.massmutual.com/aboutmassmutual/saa/advertising" target="_blank">www.massmutual.com/aboutmassmutual/saa/advertising</a></p>
<p><a title="MassMutual website" href="http://www.massmutual.com" target="_blank">About MassMutual</a><br />
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance,retirement/401(k) plan services, and annuities. In addition, the company&#8217;s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.</p>
<p>MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; Oppenheimer Funds, Inc.; and The MassMutual Trust Company, FSB.</p>
<p><a title="Admerasia website" href="http://www.admerasia.com" target="_blank">About Admerasia</a><br />
Pioneering full-service Asian American advertising in 1994, Admerasia has since provided a constant flow of innovative ideas that has made it the best in its class. From building strong brand awareness to launching effective promotions, Admerasia&#8217;s rich history and enthusiastic adoption of the digital era translates into measurable results and inspiration for the industry. The agency&#8217;s success stems from not just knowing the market, but being the market as well. Admerasia&#8217;s ethnically diverse group of hothouse talents has consistently turned general-market brands into household names in the Asian American market. Creatively adopting cultural mores and languages is essential in communicating to a market that is both Asian and American. Through years of original thinking, Admerasia makes the multicultural world easier to reach, measuring success one client at a time.CRN201205-135272</p>
<p>Contacts:<br />
Tommy Ng, Admerasia<br />
212-686-3333</p>
<p>Karen Lavariere-Sanchez, MassMutual<br />
413-744-7660</p>
<p># # #</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/2010/06/prweb4114164.htm" target="_blank">http://www.prweb.com/releases/2010/06/prweb4114164.htm</a></p>
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		<title>AccuQuote Announces the Cost of Paying Life Insurance Premiums Monthly vs. Annually</title>
		<link>http://www.insurancenewsalerts.com/accuquote-announces-the-cost-of-paying-life-insurance-premiums-monthly-vs-annually</link>
		<comments>http://www.insurancenewsalerts.com/accuquote-announces-the-cost-of-paying-life-insurance-premiums-monthly-vs-annually#comments</comments>
		<pubDate>Mon, 24 May 2010 12:48:20 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/accuquote-announces-the-cost-of-paying-life-insurance-premiums-monthly-vs-annually</guid>
		<description><![CDATA[AccuQuote, a leader in providing term life insurance quotes to people across the United States, reveals the cost of paying life insurance premiums monthly vs. annually. The multi-carrier life insurance brokerage firm offers consumers use of their APR calculator to determine how much money could be saved by making one-time insurance payments rather than installments.
Wheeling, [...]]]></description>
			<content:encoded><![CDATA[<p><em>AccuQuote, a leader in providing term life insurance quotes to people across the United States, reveals the cost of paying life insurance premiums monthly vs. annually. The multi-carrier life insurance brokerage firm offers consumers use of their APR calculator to determine how much money could be saved by making one-time insurance payments rather than installments.</em></p>
<p>Wheeling, IL (Vocus) May 24, 2010 &#8212; AccuQuote, a leader in providing term life insurance quotes to people across the United States, reveals how much money consumers can save by paying their life insurance premiums annually versus monthly. The company exposes an annual percentage rate (APR) as high as 29.7 when consumers choose to pay their life insurance premiums in installments rather than in one lump sum.</p>
<p>Most types of insurance companies, including property and casualty, health and life, offer consumers various payment options, such as paying premiums monthly, quarterly, semi-annually and annually. Consumers who do not pay their premiums annually are charged a financing fee. In other words, consumers are paying for overall convenience and affordability. This additional charge can be significant.</p>
<p>&#8220;It&#8217;s important to find ways to save in today&#8217;s economic climate, especially if your financial situation has been negatively impacted by dramatic decreases in home values, savings and investments,&#8221; says Byron Udell, founder and CEO of AccuQuote. &#8220;One of the ways consumers can save money is by cutting back on unnecessary spending, like dining out. On the other hand, things like your life insurance and other types of insurance shouldn&#8217;t be downgraded. The good news is that you can save a fortune and keep the same amount of coverage by paying your premiums annually versus monthly.</p>
<p>Some consumers agree that convenience and financial flexibility is worth paying a financing fee in addition to the actual cost of their life insurance coverage. However, some consumers may be surprised at how much money they can actually save by paying their life insurance premiums annually. For example, a 30-year-old male can pay either a $500 annual premium for a $500,000, 30-year term life insurance policy or make 12 monthly payments of $45 each. The cost of paying monthly is an additional $40 annually, which is an effective APR of 17.2.</p>
<p>While most insurance companies typically do not disclose the effective APR, consumers can use an <a title="modal" href="http://www.accuquote.com/modal.cfm" target="_blank">APR calculator</a> to determine the total dollar amount and provide an approximate APR for any additional charge consumers may incur by paying their premiums in installments. By simply entering the annual premium, payment method and payment amount, consumers will have the information they need to intelligently determine whether the additional cost of paying fractionally (monthly, quarterly or semiannually) makes sense financially.</p>
<p>&#8220;Paying your life insurance premium annually could save you thousands of dollars in interest charges over the life of your policy,&#8221; says Udell. &#8220;However, life insurance companies understand that not everybody who needs life insurance can afford annual payments, which is why alternative payment options are available. In the end, choose the payment method that fits within your overall budget so you don&#8217;t risk neglecting your financial obligations.&#8221;</p>
<p>About AccuQuote<br />
AccuQuote helps consumers find the best values in term life insurance by combining instant online <a title="life insurance quote" href="http://www.accuquote.com/free-life-insurance-quote.cfm" target="_blank">life insurance quotes</a> with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a <a title="life insurance policy" href="http://www.accuquote.com/term-life-insurance-calculator.cfm" target="_blank">life insurance needs calculator</a> to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance and a blog which answers many questions about life insurance. For additional information or to get quotes for <a title="cheap life insurance" href="http://www.accuquote.com/cheap-term-life-insurance.cfm" target="_blank">cheap term life insurance</a>, please call 1-888-314-4455.</p>
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<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/2010/modalpremiums/prweb4032094.htm" target="_blank">http://www.prweb.com/releases/2010/modalpremiums/prweb4032094.htm</a></p>
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		<title>Clark Consulting White Paper Examines the Strategic Use of Insurance Company-Owned Life Insurance (ICOLI)</title>
		<link>http://www.insurancenewsalerts.com/clark-consulting-white-paper-examines-the-strategic-use-of-insurance-company-owned-life-insurance-icoli</link>
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		<pubDate>Sat, 22 May 2010 15:02:47 +0000</pubDate>
		<dc:creator></dc:creator>
		
		<category><![CDATA[Life Insurance]]></category>

		<guid isPermaLink="false">http://www.insurancenewsalerts.com/clark-consulting-white-paper-examines-the-strategic-use-of-insurance-company-owned-life-insurance-icoli</guid>
		<description><![CDATA[Clark Consulting, LLC, in a new white paper, discusses the increasing popularity of life insurance programs designed specifically for life insurance companies, their favorable tax and accounting treatment including an immediate accretion to earnings, and how they are being utilized to offset the increasing costs of employee benefit liabilities.
(Vocus) May 20, 2010 &#8212; Clark Consulting, [...]]]></description>
			<content:encoded><![CDATA[<p><em>Clark Consulting, LLC, in a new white paper, discusses the increasing popularity of life insurance programs designed specifically for life insurance companies, their favorable tax and accounting treatment including an immediate accretion to earnings, and how they are being utilized to offset the increasing costs of employee benefit liabilities.</em></p>
<p>(Vocus) May 20, 2010 &#8212; <a title="Clark Consulting, LLC" href="http://clarkconsulting.com" target="_blank">Clark Consulting, LLC</a>, a leader in nonqualified benefit plan design, administrative services and employer-owned life insurance, announced today the release of a new thought leadership piece examining the strategic use of insurance company-owned life insurance (ICOLI). Written by Tom Chisholm, David Fisher and Todd Andritsch, independent consultants of Clark Consulting, the article discusses the rewards and risks of ICOLI programs and why they are gaining popularity with insurance executives who seek cost-effective financing strategies to offset rising executive and employee benefit costs.</p>
<p>According to the article, the benefits of an ICOLI program are numerous, including immediate accretion to earnings, portfolio diversification and capital preservation. In addition, life insurance policies typically receive favorable tax and accounting treatment, as well as favorable risk-based capital treatment, making them a viable investment alternative for portfolio diversification.</p>
<p>Entitled &#8221;Innovations in Insurance Company Financial Management: The Strategic Use of Life Insurance as an Asset on the Insurance Company&#8217;s Balance Sheet,&#8221; the paper is available at <a href="http://www.clarkconsulting.com/resource/articles/coli/index.shtml" target="_blank">http://www.clarkconsulting.com/resource/articles/coli/index.shtml</a> and through Clark Consulting independent consultants.<br />
Clark Consulting, LLC, headquartered in Dallas, is an AEGON company. AEGON N.V. is an international life insurance, pension and investment group based in The Hague, The Netherlands, with businesses in over twenty markets in the Americas, Europe and Asia.</p>
<p>Clark Consulting is a leading source of strategic financing solutions such as bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) for inefficiently funded and unfunded liabilities that result from executive and employee benefit programs.</p>
<p>Since 1967, Clark Consulting has helped place thousands of benefit plans and serves as the record keeper for billions in assets for leading American corporations and banks.</p>
<p>Contact: Robert Frump, Editorial Director, Clark Consulting    214-661-9852</p>
<p>Securities products and services are offered through Clark Securities, Inc., DBA CCFS, Inc., in<br />
Texas: 2100 Ross Avenue, Suite 2200, Dallas, TX 75201-7906. Phone: 800.999.3125. Member FINRA and SIPC.</p>
<p># # #</p>
<p>For the original version on PRWeb visit: <a href="http://www.prweb.com/releases/2010/05/prweb4025064.htm" target="_blank">http://www.prweb.com/releases/2010/05/prweb4025064.htm</a></p>
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