Why the Federal Home Life Insurance Company Is Going Strong

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The Federal Home Life insurance Company was recently merged with GE Financial Assurance Group. The GE group acquired the company because it was a financially profitable company with a respectable name. It opened for business in 1906.

Federal Home Life still does most of its business in Illinois, California, Washington, Michigan, and Florida. It is not licensed in New York. A little over half of its business comes from the other 45 states and the District of Columbia.

By most accounts, Federal Home Life is going strong.

The company has almost twice the availability of capital as they actually need at any given time. If you have a claim with the company, they should be able to pay it with no problem.
The company is getting stronger each year. The amount of capital they have and the surplus they carry has increased at a rate of 11.5% per year since 1991. This means that when you purchase a policy, you have a good reason to depend on the company to be there when it is time to make a claim.
The operating performance of Federal Home Life insurance Company is not as strong as its capital and surplus would suggest. However, the numbers still show that the company is adequate. Over five years, they had a return on investments of 0.7%.
The company would be able to liquidate its assets with money left over. Its liquidity ratio is 130.9%. Hopefully, as the years go by, that number will increase. Yet, it should be an academic question. You do not want to be with an insurance company that liquidates. It is only a way to measure soundness.
Federal Home Life is not limited to one part of the country. While it is true that 42% of its business goes to five states, the rest is scattered out among many other states. If you live anywhere but New York, you can have an insurance policy with Federal Home Life. This also means that it will not be devastated by a natural disaster that happens in only one state.
This company has stable earnings. It has been compared with much larger companies in the reliability of its income. What this means to you is that the company is sound and can be trusted.
The Federal Home Life Insurance Company is held up by GE Assurance Group. You can count on the fact that the GE group will not let Federal Home go under. Just as you count on Federal Home Life, you can count even more on GE Assurance.

There are some ways that Federal Home Life Insurance Company could improve its operations. They could work on becoming more profitable and operating more efficiently. In the meantime, you should always look at the background of a company before you buy your insurance from that company. It is the wisest thing you can do when buying insurance.

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Why the Federal Home Life Insurance Company Is Going Strong

Image : http://www.flickr.com

The Federal Home Life insurance Company was recently merged with GE Financial Assurance Group. The GE group acquired the company because it was a financially profitable company with a respectable name. It opened for business in 1906.

Federal Home Life still does most of its business in Illinois, California, Washington, Michigan, and Florida. It is not licensed in New York. A little over half of its business comes from the other 45 states and the District of Columbia.

By most accounts, Federal Home Life is going strong.

The company has almost twice the availability of capital as they actually need at any given time. If you have a claim with the company, they should be able to pay it with no problem.
The company is getting stronger each year. The amount of capital they have and the surplus they carry has increased at a rate of 11.5% per year since 1991. This means that when you purchase a policy, you have a good reason to depend on the company to be there when it is time to make a claim.
The operating performance of Federal Home Life insurance Company is not as strong as its capital and surplus would suggest. However, the numbers still show that the company is adequate. Over five years, they had a return on investments of 0.7%.
The company would be able to liquidate its assets with money left over. Its liquidity ratio is 130.9%. Hopefully, as the years go by, that number will increase. Yet, it should be an academic question. You do not want to be with an insurance company that liquidates. It is only a way to measure soundness.
Federal Home Life is not limited to one part of the country. While it is true that 42% of its business goes to five states, the rest is scattered out among many other states. If you live anywhere but New York, you can have an insurance policy with Federal Home Life. This also means that it will not be devastated by a natural disaster that happens in only one state.
This company has stable earnings. It has been compared with much larger companies in the reliability of its income. What this means to you is that the company is sound and can be trusted.
The Federal Home Life Insurance Company is held up by GE Assurance Group. You can count on the fact that the GE group will not let Federal Home go under. Just as you count on Federal Home Life, you can count even more on GE Assurance.

There are some ways that Federal Home Life Insurance Company could improve its operations. They could work on becoming more profitable and operating more efficiently. In the meantime, you should always look at the background of a company before you buy your insurance from that company. It is the wisest thing you can do when buying insurance.

Friends Link : Hipmore Low rate remortgage

5 Reasons Why Life Insurance Is Important To You

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Life insurance. Doesn't it just conjure up some insurance salesman knocking on your door trying to sell you a policy that covers you for accidents only, for a small amount and costs you the earth? No? It doesn't too me either because those days are long gone!

I prefer to call it "Life Assurance" anyway, because it is assuring you that your life is convered in the event of death and that what your life is insured for, will be paid out to your estate or policy owner.

But how many of you actually have this cover in place? I know of lots of my friends, who are in their 20's who don't have the cover because 1) they don't know anything about (lack of education) and 2) they don't think they need it and see it as an extra cost. How little they know... like anything, the earlier you start, the cheaper it is...

Following are 10 important reasons why YOU should have life assurance and why those around you too should invest in this:

Reason 1

Hello? Do you have any bills, like maybe a mortgage?? This alone is a pertinent reason to have life assurance... it means that should you die, this major bill will be paid off and not left to your survivors to deal with!

Reason 2

Young, fit and healthy? No ailments? Then this is the best time to get life assurance! Your premium will be small and if you take out a policy that allows you to keep the same premium until the age of 65, you will have considerable savings... the earlier you start, the better. And then if you develop any health issues throughout your life, it doesn't matter, because you already have the cover in place!

Reason 3

Are you married? Do you care about your spouse? Then is it not thoughtful to make sure that your spouse does not have to worry about money should you pass before they do and vice versa? I know a couple who cancelled their life insurance and then 6 months later he was diagnosed as having stomach cancer, and died 18 months later... leaving behind a wife and two children still at home and a mortgage... and no monetry relief for his family. Is this what you want to put your partner through?

Reason 4

Want to leave a legacy for your future grand children? What better way then ensuring your estate will actually have some legacy to pass on! You can elect in your will to have the proceeds of your life assurance paid directly to your estate and then as per your will, divy up the proceeds.

Reason 5

Peace of mind... yours that is. If you can't afford health insurance or any other insurance, you can afford life insurance... and should you develop a terminal disease... your life insurance will pay out a lump sum upon confirmation of this, allowing you to fulfil any dreams you have not achieved or to get your affairs in order.

There are many more reasons I could go into here, but you get the gist... just like you wouldn't risk not having your car insured or your house or contents... how can you not insure your number one asset... yourself?

There are plenty of fantastic financial advisers out there. If you don't have one, a great place to start is your bank, they have trained staff that can guide you... just make sure you read through any quotes you receive etc and make sure you understand just what you are being covered for.

My 2 cents worth :-)

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