Access to insurance products in Namibia. Prepared for FinMark Trust. March Basic product description
|
|
- Allan Mills
- 8 years ago
- Views:
Transcription
1 Access insurance s in Namibia Prepared f FinMark Trust March 2007 Funeral insurance description Product name: Funeral Care (offered by Old Mutual) Three categies: individual, family (incl. spo and unlimed nunmber of children), and parent (where policy holder takes cover f one parent) this analysis is based on categy f family Minimum cover of N$5,000 Payout usually whin 48 hours sooner Minimum premium of N$50 per month standard cover ed via tradional methods (broker and agent) as well as direct marketing s paid monthly Deb der sp der Proof of identy Proof of address Banked proof of income Minimum and maximum age at entry is 16 and 59 respectively 2 1
2 Namibia frontier: funeral insurance based on hohold heads only (scaled up approximation) 154,791 s s No No 62,127 20,007 redistriion 474, ,568 Can t affd Can t affd 138, , , ,112 salarywage salarywage and over 60 and over 27, ,194 82,134 50,544 Potential rs Potential rs 14,742 35,802 50,544 Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous Approximation: CIA Wld Fact Book: Estimated adult population (15+) = 1,263,283; represented by 1,200 weighted respondents in survey 3 Namibia frontier: funeral insurance based on hohold heads only (percentage of tal market) 33% s s No No 13% 4% redistriion 100% 57% Can t affd Can t affd 29% 28% 44% 67% 60 and over 60 and over salarywage salarywage 1% 6% 22% 17% 11% Potential rs Potential rs 3% 8% 11% Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous 4 2
3 The frontier f funeral insurance Derived from Finscope Namibia 2004 adults (16+), N = 1200 This is considered a hohold analysis based on hohold heads only s s Answered yes having any of se s now insurance company funeral policy, burialfuneral policy wh registered instution, employer burialfuneral scheme, funeral cover through church trade union Respondent hohold gone whout enough food eat always many times in past 12 months No No Associate statement y o few branches Too far from where I live, wk usually go wh insurers; AND no phone, fax, , internet; AND can be reached by postal mail Fmal education level did reach high school AND no experience wh any fmal* risk insurance s only (excluding savings s sold by insurance industry such as endowments, pensions, education policies, etc). Also if respondents indicated that y do know how go about buying funeral cover (reasons no funeral burial cover) * Such as from an insurance company, registered ganisation, church, employer, etc. Excludes burial societies, funeral parlours, etc. 5 The frontier f funeral insurance Can t affd Can t affd Based on assumption that 5% of hohold income can be spent on Minimum tal monthly income set at N$1 000 (min. premium at Old Mutual is N$50) Those who refd answer were grouped wh N$1 000 me income bracket. Those who were uncertain were grouped wh less than N$1 000 income bracket Identification required take out policy 60 and over 60 and over Can take funeral cover if aged 60 me salarywage salarywage Banking details salary reference no. required take out policy (payment via deb sp der only) Respondent hohold gone whout a income Always Many times in past 12 months Respondent answered Don t when asked why no burial funeral cover 6 3
4 The frontier f funeral insurance in Namibia Access frontier f funeral insurance: Hohold heads Current market redistriion 3.1% 32.6% 7.5% 43.7% 13.1% Have now and Don t Have Not o po can 7 Life insurance description Name: Life Plan (offered by Old Mutual) Whole life Minimum premium of N$100 per month May require a medical rept (depends on sum assured) Exclusions: suicide and self-inflicted injuries ed via agents and brokers, no direct marketing s paid monthly Deb der sp der Proof of identy Proof of address Banked proof of income Minimum and maximum age at entry is 16 and 64 respectively 8 4
5 Namibia frontier: life insurance (scaled up approximation) 174,798 s s No No 153,738 52,650 redistriion 1,263, ,926 Can t affd Can t affd 255, , ,188 1,088, , and over 65 and over 25,272 no no salarywage salarywage 421,200 96,876 Potential rs Potential rs 245,349 Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous Approximation: CIA Wld Fact Book: Estimated adult population (15+) = 1,263,283; represented by 1,200 weighted respondents in survey 96,876 9 Namibia frontier: life insurance (percentage of tal market) 14% s s No No 12% 4% redistriion 100% 79% Can t affd Can t affd 20% 63% 66% 86% 9% 65 and over 65 and over 2% salarywage salarywage 33% Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous 8% Potential rs Potential rs 19% 8% 10 5
6 The frontier f life insurance Derived from Finscope Namibia 2004 adults (16+), N = 1200 s s Answered yes having any of following s now life assurance policy, life cover, lump sum in case of death from employer Respondent hohold gone whout enough food eat always many times in past 12 months No No Associate statement y o few branches Too far from where I live, wk usually go wh insurers; AND no phone, fax, , internet; AND can be reached by postal mail Can t affd Can t affd Based on assumption that 5% of personal income can be spent on Minimum tal monthly income set at N$2 000 (Minimum contriion at Old Mutual is N$100) Those who refd answer were grouped wh N$2 000 me income bracket. Those who were uncertain were grouped wh less than N$2 000 income bracket 11 The frontier f life insurance Fmal education level did reach high school AND no experience wh any fmal* risk insurance s only (excluding savings s sold by insurance industry such as endowments, pensions, education policies, etc) Identification required take out policy 65 and over 65 and over Can take life cover aged 65 me salarywage salarywage Banking details salary reference no. required take out policy (payment via deb sp der only) Respondent hohold gone whout a income Always Many times in past 12 months * Such as from an insurance company, registered ganisation, church, employer, etc. Excludes burial societies, funeral parlours, etc. 12 6
7 The frontier f life insurance in Namibia Access frontier f life insurance Current market redistriion 13.8% 7.7% 66.3% 12.2% Have now and Have Not o po can 13 Endowments description Name: Group Schemes Investment Plan (offered by Old Mutual) Minimum term of 10 years Minimum premium of N$75 per month ed via brokers and agents as well as direct marketing s paid monthly Deb der sp der Proof of identy Proof of address Banked proof of income Minimum and maximum age at entry is 16 and 64 respectively 14 7
8 Namibia frontier: endowments (scaled up approximation) 92,664 s s No No 159,003 52,650 redistriion 1,263,600 1,170, ,972 Can t affd Can t affd 247, , , , ,200 salarywage salarywage 254, ,964 Potential rs Potential rs 197,964 Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous Approximation: CIA Wld Fact Book: Estimated adult population (15+) = 1,263,283; represented by 1,200 weighted respondents in survey 15 Namibia frontier: endowments (percentage of tal market) 7% s s No No 13% 4% redistriion 100% 93% 77% Can t affd Can t affd 20% 60% 9% 64% 33% salarywage salarywage 20% 16% Potential rs Potential rs 16% Based on a paper entled The Access Frontier as an Approach and Tool in Making s Wk f Po by David Pteous 16 8
9 The frontier f endowments Derived from Finscope Namibia 2004 adults (16+), N = 1200 s s Answered yes having following s now: endowment education policy Respondent hohold gone whout enough food eat always many times in past 12 months No No Associate statement y o few branches Too far from where I live, wk usually go wh insurers; AND no phone, fax, , internet; AND can be reached by postal mail Fmal education level did reach high school AND no experience wh any fmal* insurance s * Such as from an insurance company, registered ganisation, church, employer, etc. Excludes burial societies, funeral parlours, etc. Q30 17 The frontier f endowments Identification required take out policy salarywage salarywage Banking details salary reference no. required take out policy (payment via deb sp der only) Respondent hohold gone whout a income Always Many times in past 12 months Can t affd Can t affd Based on assumption that 5% of personal income can be spent on Minimum tal monthly income set at N$1 500 (Minimum investment premium at Old Mutual is N$75) Those who refd answer were grouped wh N$1 500 me income bracket. Those who were uncertain were grouped wh less than N$1 500 income bracket 18 9
10 The frontier f endowment policies in Namibia Access frontier f endowment policies Current market redistriion 7.3% 15.7% 64.4% 12.6% Have now and Have Not o po can 19 10
Savings in Zambia. Illana Melzer Eighty20 Consulting. October 2007
Savings in Zambia Illana Melzer Eighty20 Consulting October 2007 FinScope Zambia is a survey carried out on a nationally representative sample of Zambian adults (aged 16 and above) which profiles demand
More informationOver 50s Life Cover. Policy summary
Over 50s Life Cover Policy summary Policy summary: Over 50s Life Cover provided by the Royal London Mutual Insurance Society Limited ( Royal London ) This booklet contains important information you need
More informationFOCUS NOTE: Financial Decisions and Funeral Costs 1. By Daryl Collins
See www.financialdiaries.com for more details Key Findings: Investigating the Financial Lives Of the Poor The Financial Diaries is a year-long survey of financial management in low income households in
More informationLiberty Africa Insurance
Highlights Opened a life insurance business in Zambia Liberty Online was implemented in three countries and enhanced business integration in East A new short-term administration system was implemented
More informationDo you know enough about long-term Insurance? Consumer rights and responsibilities
Do you know enough about long-term Insurance? Consumer rights and responsibilities What is long-term insurance? Death, retirement and disability are life changing events that are covered by long-term insurance.
More informationHow To Value Royal Life With Profits
Bonus Rates Royal London - Life Business Regular Bonus Rates: Regular Premium Single Premium 0.5% 0.5% 2011 0.5% 0.5% For policies taken out after 2004 the regular bonus rates are greater than 0.5% Final
More informationSUMMARY OF THE MONTANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT AND NOTICE CONCERNING COVERAGE LIMITATIONS AND EXCLUSIONS
SUMMARY OF THE MONTANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT AND NOTICE CONCERNING COVERAGE LIMITATIONS AND EXCLUSIONS Residents of Montana who purchase life insurance, annuities or health
More informationINSURANCE DICTIONARY
INSURANCE DICTIONARY Actuary An actuary is a professional who uses statistical data to assess risk and calculate dividends, financial reserves, and insurance premiums for a business or insurer. Agent An
More informationbillion, while annuity reserves (Table 8.2) increased 6 percent to $2.5 trillion.
8annuities Annuities are financial contracts that pay a steady stream of income for either a fixed period of time or for the lifetime of the annuity owner (the annuitant). Most pension and retirement plan
More informationLife Cover & Life Income Cover
Assurance Extra Life Cover & Life Income Cover What is Life Cover & Life Income Cover? Life Cover is an insurance that pays you a lump sum if you die or are diagnosed with a terminal illness. Life Income
More informationFinScope South Africa 2012 Consumer Survey. October 30 th 2012
FinScope South Africa 2012 Consumer Survey October 30 th 2012 1 Contents 1 Who we spoke with 4 2 What has changed since 2004? What do people s lives look like today? 3 And what about people s financial
More informationyour share incentive plan
your share incentive plan 1 Contents What is Match?... 4 Match... 4 How do I get shares under Match?... 5 Shares you buy: Partnership Shares... 5 Shares given to you by Matchtech Group: Match Shares...
More informationVoluntary Group Life Insurance Protecting what s priceless
Voluntary Group Life Insurance Protecting what s priceless S T A N D A R D I N S U R A N C E C O M P A N Y About This Booklet This booklet is designed to answer some common questions about the Voluntary
More informationSurvivor Benefits Handbook
CITY OF LOS ANGELES DEPARTMENT OF FIRE & POLICE PENSIONS Surviv Benefits Handbook Los Angeles Fire and Police Pensions To Serve Those Who Protect May 2009 (Revised 4/4/2011) Disclaimer This booklet, which
More informationRockford Public Schools District 205 Benefits Enrollment Presentation. Underwritten by: United of Omaha Life Insurance Company
Rockford Public Schools District 205 Benefits Enrollment Presentation Underwritten by: United of Omaha Life Insurance Company 15184 Topics Benefits and features How to enroll for coverage Questions What
More informationKEY GUIDE. Financial protection for you and your family
KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that
More informationGovernment s Pension Scheme for Public School Teachers
Government s Pension Scheme for Public School Teachers Introduction The Teachers Pension Plan is a non-contributory plan. This means that teachers do not directly contribute to it. Service is the basis
More informationCONDITIONS Over 50s Life Cover
TERMS AND CONDITIONS Over 50s Life Cover 1 TERMS AND CONDITIONS: OVER 50S LIFE COVER PROVIDED BY THE ROYAL LONDON MUTUAL INSURANCE SOCIETY LIMITED ( ROYAL LONDON ) This booklet contains the Terms and Conditions
More informationMONEY BACK PLANS. For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.
MONEY BACK PLANS 1. Money Back with Profit Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments
More informationKey features of Tesco Bank Over 50 s Life Assurance
Key features of Tesco Bank Over 50 s Life Assurance Key features of Tesco Bank Over 50 s Life Assurance Tesco Bank Over 50 s Life Assurance is provided by Aviva Life & Pensions UK Limited. Any references
More informationGuaranteed 50 plus Life Cover
50 Plus important facts to consider Both engage and your financial adviser want to make sure you understand how this life cover product works and are happy with any decisions you make. For this reason
More informationENDOWMENT MORTGAGE QUESTIONNAIRE (EMQ)
ENDOWMENT MORTGAGE QUESTIONNAIRE (EMQ) This questionnaire asks you for your personal and financial details at the time your endowment policy was arranged. We need these details to be able to handle your
More informationLife Insurance Tutorial & Calculation Worksheet
Life Insurance Tutorial & Calculation Worksheet Provided By NAVY MUTUAL AID ASSOCIATION Henderson Hall, 29 Carpenter Road, Arlington, VA 22212 Telephone 800-628-6011-703-614-1638 - FAX 703-945-1441 E-mail:
More informationA Mortgage Insurance Plan designed specifically with you the Mortgage Broker in Mind
A Mortgage Insurance Plan designed specifically with you the Mortgage Broker in Mind Unique Coverage approach with competitive premiums No paperwork using our Internet Delivery System Increase revenue
More informationA Guide to Managing Personal Risk
A Guide to Managing Personal Risk 1 A Guide to Managing Personal Risk Personal Risk is about more than just the Life Cover/ TPD attached to your super policy which is paid out on the event of your death.
More informationPolicy Summary for Over 50s Life Insurance Plans
Policy Summary for Over 50s Life Insurance Plans 1. Fixed Plan 2. Increasing Plan 3. Funeral Plan This is an important document, which you should read carefully so that you understand what you are buying
More informationPolicy Summary for Over 50s Life Insurance Plans
This is an important document, which you should read carefully so that you understand what you are buying. Please keep together with your Policy Terms and Conditions, in a safe place, for future reference.
More informationLife Cover. Savings products. Retirement annuity. Funeral cover. Other products from Assupol you can consider. Maxvalue Savings Policy.
Other products from Assupol can consider Funeral cover Excellence Family Funeral Plan Savings products Maximumwealth Cash Provider Maximumwealth Exclusive Policy Maxvalue Savings Policy Retirement annuity
More informationLIFESTYLE PROTECTION PLAN
LIFESTYLE PROTECTION PLAN LIFE TRAVEL CAR & HOME WARRANTIES COMMERCIAL VEHICLES Regent is an authorised financial services provider. WHAT IS THE LIFESTYLE PROTECTION PLAN? The Lifestyle Protection Plan
More informationImmediate Annuity Plan
Immediate Annuity Plan Frequently Asked Questions TRA/6/13-14/5974 June, 10, 2013 Prepared by Product Management 1 For Internal Circulation only Contents BSLI Immediate Annuity Plan Summary... 3 1. What
More informationDear Valued Clients, Thank you for making your Insurance Dynamic! Kindest Regards, DYNAMIC INSURANCE BROKERS
Dear Valued Clients, The Financial Service Commission of Ontario (FSCO), the provincial government regulator of Auto Insurance is introducing reforms effective September 1, 2010. Periodically (usually
More informationSummary of Social Security and Private Employee Benefits MALAYSIA
Private Employee Benefits MALAYSIA 2013 Your Local Link to IGP in MALAYSIA: AIA Bhd. AIA Bhd. is a leading insurer in Malaysia, where it has been doing business since 1948. It offers a suite of high-quality
More informationLife Insurance, Disability Income & Annuities Exam Study Guide
Life Insurance, Disability Income & Annuities Exam Study Guide This document contains all the questions that will included in the final exam, in the order that they will be asked. When you have studied
More informationFuneral Aid Insurance: Application for benefit
Funeral Aid Insurance: Application for benefit Employee Benefits Name of scheme Code Important: This form must be completed when: the insurance of an employee commences in terms of the policy or there
More informationTypes of life insurance Buying life insurance How cancer can affect buying life insurance Getting money early from life insurance
This information is an extract from the booklet Insurance, which is part of the financial guidance series. You may find the full booklet helpful. We can send you a free copy see page 6. Contents Types
More informationNC General Statutes - Chapter 58 Article 60 1
Article 60. Standards of Disclosure for Annuities and Life Insurance. Part 1. Regulation of Life Insurance Solicitation. 58-60-1. Short title; purpose. (a) This Part may be cited as the "Life Insurance
More informationIf you hope to look after your family. Family Income Benefit Plan LICENSED FINANCIAL SERVICES PROVIDER
If you hope to look after your family Family Income Benefit Plan LICENSED FINANCIAL SERVICES PROVIDER 30229 Family Income DL.indd 1 7/21/10 9:16:03 AM When it comes to your family, what do you hope for?
More informationAgent Name: Office: Company Name: Address: City: Province: Postal Code: Name of Plan Administrator: Title: Nature of Business: In Business Since:
New Group Application General Information Agent Name: Office: Client Information Company Name: Address: City: Province: Postal Code: Telephone: Fax: Name of Plan Administrator: Title: Email Address: Nature
More informationGroup Personal Accident + : Underwritten by Compass Insurance
Group Life : Underwritten by Guardrisk Life Ltd Life Cover Life cover ensures that a member s family is financially able to maintain their standard of living after an unexpected death. Dread Disease Dread
More informationCUSTOMIZED AUTO INSURANCE
CUSTOMIZED AUTO INSURANCE Leonard Kunka, L.L.B. Thomson, Rogers The Liberal government has recently announced that as part of their commitment to improve the automobile insurance product for Ontario motorists,
More informationAnnuities: Good, Not so Good, or Bad? (Another Free InvestEd Webinar)
Annuities: Good, Not so Good, or Bad? (Another Free InvestEd Webinar) Bob Adams 2013 B. Adams 4 Annuities: Good, Not so Good, or Bad? Are They For You? More often than not, it s clear that variable annuities
More informationAdditional Life Coverage Highlights Kent State University
Additional Life Coverage Highlights Additional Life Insurance will provide Basic Life coverage from Standard Insurance Company. If you are enrolled in Basic Life, you may also apply for Additional Life
More informationThe actual term and the premium paying term for these plans are as under.
FEATURES: Jeevan Surabhi plan is similar to other money back plans.however main differences in regular money back plans and Jeevan Surabhi are as under Maturity term is more than premium paying term. Early
More informationSaga Guaranteed Life Insurance
Saga Guaranteed Life Insurance Important information for customers including your Policy Summary from VitalityLife Important information for customers Saga Personal Finance is a registered trading name
More informationthe benefits of relevant life policies
the benefits of relevant life policies Welcome to our guide to relevant life policies. This guide explains the benefits of taking out a stand-alone single life policy on the life of an employee, and gives
More informationCity Proposal Vs. Status Quo Impact on Average Employee. AFSCME District Council 33 January 16, 2013
City Proposal Vs. Status Quo Impact on Average Employee AFSCME District Council 33 January 16, 2013 Features of City s 1-16-2013 Proposal Status Quo City Proposal Wages 0% 2.50% Additional 2% January 1,
More informationHow FSCS protects your money. A guide to the Financial Services Compensation Scheme
How FSCS protects your money A guide to the Financial Services Compensation Scheme How FSCS protects your money 2 About this document This document tells you who FSCS is and how we protect your money.
More informationWhat is Life Cover? Ensure the financial survival of your business, in the event of the death of a key employee or director.
What is Life Cover? Life cover pays out a lump sum of money if the individual insured dies within a certain time period i.e. during the term of the policy. It is a lump sum and it can be used for a number
More informationWHAT IS LABOR INSURANCE (WORKERS COMPENSATION INSURANCE)?
WHAT IS LABOR INSURANCE (WORKERS COMPENSATION INSURANCE)? Labor insurance provides a worker working in Japan or his/her surviving family with various compensation benefits when the worker suffers from
More informationSaga Guaranteed Life Insurance
Saga Guaranteed Life Insurance Important information for customers including your Policy Summary from VitalityLife Important information for customers Saga Guaranteed Life Insurance is underwritten by
More informationYOUR GROUP LIFE INSURANCE PLAN
YOUR GROUP LIFE INSURANCE PLAN Retirees 6CC000 B-13280 (12-11) CONTENTS CERTIFICATION PAGE............................................. 1 SCHEDULE OF BENEFITS...........................................
More informationHow FSCS protects your money. A guide to the Financial Services Compensation Scheme
How FSCS protects your money A guide to the Financial Services Compensation Scheme 2 How FSCS protects your money How FSCS protects your money 3 About this leaflet This leaflet tells you who FSCS is and
More informationThe Need for Life Insurance
United of Omaha Life Insurance Company Companion Life Insurance Company The Need for Life Insurance Life insurance is a simple answer to a very difficult question: How will my loved ones manage financially
More informationPublic Employees Benefits Agency. Public Employees Disability Income Plan
Public Employees Benefits Agency Public Employees Disability Income Plan Table of Contents INTRODUCTION...4 Overview Administration Employee Booklet ELIGIBILITY...5 Employer Responsibility Enrolment BENEFITS...7
More informationCLAIM FOR COMPENSATION FOR A WORK-RELATED DEATH
CLAIM FOR COMPENSATION FOR A WORK-RELATED DEATH Seafarers Rehabilitation and Compensation Act 1992 Information about claiming compensation In this document, all references to the employer mean the employer
More informationPart-time working and Teachers Pension Scheme
Part-time working and Teachers Pension Scheme I have worked for a number of years part-time, am I in Teachers Pension Scheme (TPS)? If you are working on a fractional (part-time) contract or as an hourly
More informationMedical assistance and repatriation of the body. Covered up to 25,000 (can be increased) 250,000 inc. repatriation
SYRIA Notes Two week trip AKE SPECIAL RISKS BANNER FINANCIAL GROUP MEDIA INSURANCE BROKERS RWB (in partnership with April International) Requires RWB membership 30 for a France based journalist (66% of
More informationVictim Services Funeral Grants & Benefits
Victim Services Funeral Grants & Benefits Funeral Gr s Funeral Grants and Benefits Life Insurance Life insurance companies ensure that policy benefits are paid at the time of death. Either a life insurance
More informationTransport Workers Union NSW Insurance FAQs
Transport Workers Union NSW Insurance FAQs The below Frequently Asked Questions is intended to provide general advice and summary explanations of the policy, coverage benefits and claims process only.
More informationLife Insurance And Diabetes
Life Insurance And Diabetes Prepared By: March 2012 Disclaimer: This information has been produced for anyone with an interest in Diabetes and life insurance in general. Information presented in this document
More informationprotecting you and your family
protecting you and your family Insurance guide Effective 1 July 2015 Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the MyLifeMyMoney Superannuation Fund ABN 50 237 896 957 mylifemyinsurance.com.au
More informationDoes Your Client s Current Life Portfolio Make the Cut?
Does Your Client s Current Life Portfolio Make the Cut? First American Insurance Underwriters Introduces PAR: Policy Annual Review. Agents and advisors know the value of building credibility. Whether it
More informationLife Insurance and Annuity Buyer s Guide
Life Insurance and Annuity Buyer s Guide Published by the Kentucky Office of Insurance Introduction The Kentucky Office of Insurance is pleased to offer this Life Insurance and Annuity Buyer s Guide as
More informationOver 50s life insurance from Aviva. Your questions answered
Over 50s life insurance from Aviva Your questions answered Why life insurance? Should I be considering life insurance? Taking out life insurance is an important decision one of the most important you ll
More informationCHURCH LIFE INSURANCE CORPORATION
445 Fifth Avenue New York, NY 10016 (866) 802-6333 (212) 592-1800 CHURCH LIFE INSURANCE CORPORATION THIS POLICY RIDER IS IN CONJUNCTION WITH THE GROUP INSURANCE POLICY AND CERTIFICATE NO. GL2005 IS ISSUED
More informationOld Mutual Namibia The ORION Namibia Pension/Provident Fund
Old Mutual Namibia The ORION Namibia Pension/Provident Fund Frans Cronje CANNING PLANT GENERAL MANAGER Orion I have over 50 employees and we needed a solution that could match the diverse needs of the
More informationLife Insurance and Annuity Buyer s Guide Introduction
Life Insurance and Annuity Buyer s Guide Introduction The Kentucky Office of Insurance is pleased to offer this Life Insurance and Annuity Buyer s Guide as an aid to assist you in determining your insurance
More informationThe Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT
The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important information
More informationGroup Voluntary Life Insurance
Group Voluntary Life Insurance For Employees of The California State University Standard Insurance Company Voluntary Group Life Insurance About This Brochure This brochure is designed to answer some common
More informationAPPLICATION FOR A STUDY LOAN EDUCATIONAL LOAN
APPLICATION FO A STUDY LOAN EDUCATIONAL LOAN NOTE: Please complete in BLOCK LETTES Tick ( ) applicable block(s) and complete where necessary New application Preapproval Increase in an existing loan Takeover
More informationYour Insurance Options
Your Insurance Options Table of contents Your insurance options 3 Building a protection strategy 4 How much cover should you have? 5 Inside or outside of super? 7 Medicals and questionnaires 8 Why Optimise
More informationKey Features of the Guaranteed Whole of Life Plan
Key Features of the Guaranteed Whole of Life Plan Guaranteed Whole of Life Plan Key Features The Financial Conduct Authority is a financial services regulator. It requires us, Aviva, to give you this important
More informationeco smart WHY NOT CHOOSE AN GREEN LOAN? Product Information Brochure a refreshing attitude to banking EFFECTIVE FROM 31 JULY 2012
WHY NOT CHOOSE AN eco smart GREEN LOAN? Product Information Brochure EFFECTIVE FROM 31 JULY 2012 a refreshing attitude to banking QUEENSLAND COUNTRY CREDIT UNION ECO SMART GREEN LOAN 1 Our eco smart green
More informationCase Study 2 Protection Planner
Case Study 2 Protection Planner Objectives Anthony and Alan are keen to implement some form of succession planning for their business because neither of them have children nor any obvious management successors.
More informationIntermediation the key challenge for Micro Insurance. Jeremy Leach FinMark Trust. With support from:
Intermediation the key challenge for Micro Insurance Jeremy Leach FinMark Trust With support from: Independent trust formed in April 2002 Initial funding from the UK s Department for International Development
More informationAnnuities: Good, Not so Good, or Bad? Are They For You?
9-14 41 BRK-A Annuities: Good, Not so Good, or Bad? Are They For You? More often than not, it s clear that variable annuities always benefit the seller, and only infrequently benefit the buyer. -- Forbes
More informationPrepared for the FinMark Trust by Illana Melzer Eighty20 Consulting March 2006
CONSUMER TRUST IN THE LIFE INSURANCE INDUSTRY: IS THE GLASS HALF EMPTY OR HALF FULL? Prepared for the FinMark Trust by Illana Melzer Eighty20 Consulting March 2006 INTRODUCTION The life insurance industry
More informationNC General Statutes - Chapter 58 Article 60 1
Article 60. Standards of Disclosure for Annuities and Life Insurance. Part 1. Regulation of Life Insurance Solicitation. 58-60-1. Short title; purpose. (a) This Part may be cited as the "Life Insurance
More informationKEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers
KEY FACTS 2015 UK Insurance & Long Term Savings Key Facts 2015 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS The UK insurance and long term savings industry is
More information**** READ YOUR CERTIFICATE CAREFULLY ****
P.O. Box 27626 Raleigh, NC 27611-7626 FAT CAT AND ZARD GROUP TERM LIFE INSURANCE CERTIFICATE OF INSURANCE Policyholder: Policy Number: North Carolina Press Association Federal Credit Union 000000004S Issue
More informationYOUR GROUP LIFE INSURANCE PLAN
YOUR GROUP LIFE INSURANCE PLAN For Employees of COUNTY OF SANTA BARBARA 6CC000 B-7877 12-13 (E-Book) RELIASTAR LIFE INSURANCE COMPANY Minneapolis, Minnesota 55440 ReliaStar Life Insurance Company (ReliaStar
More informationWestpac Estate Plan. Policy Document
Westpac Estate Plan Policy Document Welcome We welcome you as a client. This document sets out the conditions of your policy. Please contact our Customer Relations Centre on 131 817 if you have any questions
More informationO MIA-009 (F2F) : GENERAL INSURANCE, LIFE AND
No. of Printed Pages : 11 MIA-009 (F2F) kr) ki) M.Sc. ACTUARIAL SCIENCE (MSCAS) N December, 2012 0 O MIA-009 (F2F) : GENERAL INSURANCE, LIFE AND HEALTH CONTINGENCIES Time : 3 hours Maximum Marks : 100
More informationThe Difference Between Providing A Pension And Retirement
Pensions made simple Take control of your future MIND THE GAP PENSIONS MADE SIMPLE FROM AVIVA Contents Page 1 First things first 2 2 Why pensions are so important 4 3 How a pension plan works 8 4 The tax
More informationInsurance. Life. Insurance. Product Disclosure Statement and Policy
Insurance Life Insurance Product Disclosure Statement and Policy Effective 11 October 2013 The information provided in this PDS is general information only and does not take into account your individual
More informationLife insurance that may be kept in force for a person s entire life and that pays a benefit upon the person s death, whenever that may be.
TOI SUB TOI DESCRIPTION Whole Life Life insurance that may be kept in force for a person s entire life and that pays a benefit upon the person s death, whenever that may be. L601.10 L07I Single- Whole
More informationLife Insurance. A Consumer s Guide to INSURANCE FACTS. for Pennsylvania Consumers. 1-877-881-6388 Toll-free Automated Consumer Line
INSURANCE FACTS for Pennsylvania Consumers A Consumer s Guide to Life Insurance 1-877-881-6388 Toll-free Automated Consumer Line www.insurance.state.pa.us Pennsylvania Insurance Department Website Buying
More informationThe Dublin Solicitors Bar Association Income Protection Scheme Available to all practicing Solicitors in Ireland
The Dublin Solicitors Bar Association Income Protection Scheme Available to all practicing Solicitors in Ireland FFGENERAL New Dublin Solicitors Bar Association Group Income Protection Scheme This brochure
More informationDEATH OF A TEACHER BCTF AND/OR EMPLOYER-RELATED BENEFITS
DEATH OF A TEACHER BCTF AND/OR EMPLOYER-RELATED BENEFITS The following checklist will be useful as a guide when you are called upon by the survivors and/or the executor of the estate. GROUP LIFE INSURANCE
More informationProduct Options Summary
Product Options Summary A summary of the options available on your National Mutual Life Association policy or plan. This document is for your reference only. No action is required. Product Options Summary
More informationFinancing your Home Purchase
Financing your Home Purchase page 1 Disclaimer This booklet is for information purposes only, and must not be relied on as a substitute for legal advice. page 2 Contents How Much Can You Afford? 1 Other
More informationLIFE INSURANCE SUMMARY
LIFE INSURANCE SUMMARY Your family can count on your paycheck to meet day-to-day expenses while you are actively at work, but it is important to plan for their financial security in the event of your death.
More informationLIFE INSURANCE. and INVESTMENT
INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC GLOSSARY OF LIFE INSURANCE and INVESTMENT TERMS 2 Accident Benefit A benefit payable should death occur as the result of an accident. It may be a stand-alone
More informationIndependent consumer guide to life insurance
Independent consumer guide to life insurance Who we are and what we do The Irish Financial Services Regulatory Authority was established in May 2003 to regulate financial services firms in Ireland. Our
More informationLife Insurance. A Consumer s Guide to: What you should know about shopping for life insurance. Insurance Commissioner www.insurance.wa.
A Consumer s Guide to: Life Insurance What you should know about shopping for life insurance Washington State Office of the Insurance Commissioner www.insurance.wa.gov Table of Contents A consumer s guide
More informationOptional Life Insurance. Answers To Your Questions
Optional Life Insurance Answers To Your Questions About This Booklet This booklet is designed to answer some common questions about the group Optional Life insurance coverage being offered by Kansas Public
More informationquarterly reports prepared by the pension fund annual reports prepared by the pension fund annual report prepared by the SSPF
ANNEX 39 quarterly reports prepared by the pension fund annual reports prepared by the pension fund annual report prepared by the SSPF Reports on the pension plan Submitted to the Supervisory authority
More informationTerminal bonus. 1 2 3 4 5 6 7 8 Endowment assurance 10 n/a n/a n/a n/a n/a n/a. Endowment assurance 15 11286 3443 n/a CWP N 11286
126 Long-term insurance business : With-profits payouts on maturity (normal retirement) Form 59A PEARL ASSURANCE PUBLIC LIMITED COMPANY Date of maturity value / open market option 01 March 2015 Original
More informationprotect The Alberta Teachers Association Group Life + Optional Family Life Insurance Your family depends on you. Help
The Alberta Teachers Association Group Life Optional Family Life Insurance protect Your family depends on you. Help their financial future with additional life insurance. Why do I need additional life
More information