Latest news with #lifeinsurance
Zawya
2 days ago
- Business
- Zawya
DXC launches assure illustrations to deliver AI-powered life insurance projections
Dubai, United Arab Emirates – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has announced the launch of DXC Assure Illustrations, a next-generation, AI-powered SaaS solution that transforms how life insurers generate and deliver policy illustrations. Now globally available, Assure Illustrations brings a smarter, faster, and more engaging experience to life insurance projections, modernizing a critical part of the customer journey. Insurers today face growing pressure to deliver personalized, compliant policy illustrations while reducing operational costs and unlocking value from legacy infrastructure. DXC Assure Illustrations empowers insurers to meet these demands head-on, delivering fast, accurate, and customized projections across advisor, contact center, and digital self-service channels. By eliminating fragmented tools and improving accessibility, the solution enhances both agent productivity and customer satisfaction. 'At DXC, we're focused on modernizing insurance operations through AI and automation to deliver seamless, intelligent experiences,' said Ray August, President of Insurance Software and Business Process Services at DXC. 'With Assure Illustrations, we're helping insurers accelerate digital transformation and elevate customer engagement. By simplifying complex processes and enabling smarter, more personalized planning, we're setting a new standard for how the industry connects with policyholders.' Built on DXC's Assure Architecture and pre-integrated with DXC's life insurance systems Assure Illustrations is designed for speed and scalability. Key features include: AI-Enabled Policy Projections: Natural language-guided assistance helps customers model 'what-if' scenarios and solve variables such as future premiums, cash values, or benefit amounts. Frictionless Experience: A consistent, mobile-optimized interface ensures intuitive use across roles and devices. Speed to Value: Pre-built integrations with DXC's life systems eliminate costly third-party work and accelerate production time. Smarter Scenario Planning: Built-in goal-seeking tools enable quick modeling of complex financial scenarios, from adjusting premium schedules to forecasting long-term benefits. With over 40 years of industry expertise, DXC is the trusted partner of choice for 21 of the top 25 insurers. As the leading provider of core insurance systems, DXC continues to innovate—helping insurers reduce complexity and costs across more than 1 billion policies processed on DXC software. To learn more, visit website. About DXC Technology DXC Technology (NYSE: DXC) is a leading global provider of information technology services. We're a trusted operating partner to many of the world's most innovative organizations, building solutions that move industries and companies forward. Our engineering, consulting and technology experts help clients simplify, optimize and modernize their systems and processes, manage their most critical workloads, integrate AI-powered intelligence into their operations, and put security and trust at the forefront. Learn more on
Daily Mail
4 days ago
- Daily Mail
Murder trial shown haunting footage of dentist 'poisoning' wife he took out $4million in life insurance policies on
The adulterous Colorado dentist accused of fatally poisoning his wife had taken out life insurance policies totaling $4 million on her, the lead detective in his case testified on Friday. Aurora Police Det. Bobbi Jo Olson took the stand for the second time in the murder trial of father-of-six Dr James Craig, who was arrested on March 19, 2023 - the day after his 43-year-old wife, Angela, was taken off life support. Craig has also been charged in relation to an alleged jailhouse plot to order a hit on Olson – calling her 'the worst, dirtiest detective in the whole world' – along with other victims, jurors have heard during nearly two weeks of testimony. He's pleaded not guilty to murder, solicitation to commit murder and solicitation to commit perjury. Prosecutors argue Craig poisoned his wife's shakes and administered fatal doses of arsenic, cyanide and tetrahyrdrozoline, a chemical found in eye drops, amidst mounting financial struggles and multiple affairs – particularly a budding romance with a Texas orthodontist. Olson testified on Friday that the dentist had several policies with Kansas City and Lincoln Life insurance companies totaling $4 million in the event of Angela's death. The detectives also outlined Craig's alleged movements in the days before and after his wife first got sick on March 6 – as the court was shown in-home surveillance footage from the family's kitchen. Angela's relatives alternately smiled, wiped tears and laughed as they watched their late loved one interact with her children on camera. But all lightness faded from the courtroom as footage showed Craig get up before 5am on March 6 – the date Angela first exhibited mystery symptoms after drinking a shake he prepared – to mix something in the kitchen and use the microwave. He'd ordered arsenic to the family home two days earlier, Olson testified on Friday - and footage showed Angela consuming the drink he appeared to have made her. Craig affectionately dog-whistled at his wife twice on the morning of March 6, and they discussed their child's car seat before he left the home, footage showed. Angela began feeling ill and went to the hospital later that day, feeling 'heavy' and like her body wasn't working properly, jurors heard earlier in the trial. On Friday, they watched as Angela accused Craig of 'failing' her the day after that first futile hospital visit - when doctors simply sent her home and told her to speak to her primary care physician. 'It may not be your call that they didn't do their due diligence or anything like that, but it's your fault they treated me differently,' she said. 'It's your fault … they treated me like I was suicidal … like I did it to myself.' She complained that Craig 'didn't actually defend me' and his behavior was '100% selfish and had nothing to do with being there for me. 'You ask all the details, in every medical … everything, everywhere you go, and you didn't even ask. 'You didn't try to do anything,' she said. 'You just brought me home.' Olson testified on Friday that records showed Craig had also ordered oleander and cyanide in the days after Angela first fell ill. Date and time stamps from footage shown in court on Friday of Craig's trips to and from the family residence matched up with previous evidence about trips he made to the supermarket - where receipts showed his credit card purchased Visine - and the loading dock of a medical company from which he'd ordered cyanide. An expert testified on Thursday that Craig's phone had pinged off towers corresponding to the locations. Jurors also watched footage on Friday from the hospital on March 15 - the date of Angela's final admission - in which Craig appears to have what Olson called a 'thin white or clear object in his left hand.' He later entered his wife's room for 'exactly 60 seconds,' she testified, before coming out and telling the nurse's station that Angela's arm hurt and her condition was deteriorating. Doctors told Angela's family later that day that all brain activity had ceased - and she was taken off life support on March 18. Craig's defense team - his third, after two others dropped out as the dentist racked up more charges from behind bars - argues that Angela was 'manipulative' and suicidal. The jury has heard evidence about how Craig repeatedly claimed Angela wanted to end her own life, asked him to obtain poisons for her and engaged him in a game of 'chicken.' Angela's friends and family have steadfastly testified that she loved life and being a mother - and was neither suicidal nor a risk-taker. There was also no mention of the 'game of chicken' in a four-page explanatory timeline Craig detailed himself the day after Angela was declared brain dead, Olson testified. Reading Craig's own words, she told the court how he claimed to have returned from the Vegas conference where he met his latest paramour on February 25 - then asked Angela for a divorce. 'She said she was just going to end her life,' Craig wrote in the timeline Olson read out. 'I begged her not to do that, but she said she couldn't get a divorce. 'She talked about driving her car into a pylon but was worried she wouldn't die but just be maimed,' he continued. 'That's when she started talking about poisons ... she asked me to research some poisons for her to find one that would kill fastest with high accuracy and the broadest spectrum.' Angela asked him to poison her shakes and voluntarily consumed arsenic and tetrahydrozoline, he claimed. Olson testified there was no evidence Angela ever searched for poisons. The court previously heard, however, of her desperate searches of her symptoms as she tried to figure out what was making her so sick. The court has also heard that searches about poisons and their lethality were found on an exam room computer at Craig's dental practice. Witnesses, including a former cellmate, another inmate and even Craig's 20-year-old daughter, have testified about his attempts to plant evidence and bribe witnesses to lie for him. Annabelle Craig told the court last how week how her father, soon after his arrest, asked her to create a deep-fake video to clear him showing her mom asking for the lethal substances. Four of Craig's mistresses from the months before Angela's murder have also testified at the trial. That included three 'sugar babies' he met on - and lavished with gifts like cars, money and out-of-state trips - and a Texas orthodontist he love-bombed and exchanged 4,000 texts with in under three weeks after meeting at a Las Vegas dental conference. Two 'sugar babies' testified that Craig told them a divorce would financially cripple him.
Yahoo
5 days ago
- Business
- Yahoo
Chubb net income soars 33% to $2.97bn in Q2
Chubb has reported net income of $2.97bn for the second quarter of 2025 (Q2 2025), a surge of 33% from $2.23bn recorded last year. The company achieved core operating income of $2.48bn, or $6.14 per share, reflecting a 12.9% rise. For the quarter ended 30 June, consolidated net premiums written totalled $14.2bn, representing a 6.3% increase, or 7.1% when adjusted for constant currency. Property and casualty (P&C) premiums accounted for $12.39bn, up by 5.2%, while life insurance premiums reached $1.8bn, a 14.1% increase. In North America, P&C premiums grew by 5.3%, with personal lines increasing by 9.1% and commercial lines by 4.1%. The middle market and small commercial segments saw an 8.5% increase, bolstered by a 10.2% rise in P&C lines and a 2.7% growth in financial lines. Major accounts and specialty businesses experienced a 1.5% increase. Overseas general premiums rose by 8.5%, or 10.2% in constant dollars, driven by a 15.3% increase in consumer insurance and a 6.8% rise in commercial. Increases were also noted in Latin America (17.3%), Asia (12.7%) and Europe (8.2%). Conversely, agricultural insurance in North America reported a 3.3% decline in net premiums written, attributed to lower commodity prices. Underwriting income in the P&C segment reached $1.63bn, a 15% increase, resulting in a combined ratio of 85.6%. Excluding catastrophe losses, underwriting income for the current accident year was $2.01bn, with a combined ratio of 82.3%. Pre-tax net investment income was reported at $1.57bn, while adjusted net investment income increased by 7.9% to $1.69bn. Operating cash flow was $3.55bn, with adjusted cash flow at $3.23bn. Total catastrophe losses before tax amounted to $630m, compared to $580m in the previous year. The company also reported favourable prior period reserve development of $249m pre-tax. Chubb noted a 6.1% increase in book value per share to $174.07, while tangible book value per share rose by 8% to $112.64, influenced by gains in investment assets and foreign exchange. Annualised return on equity was 17.6%, with a core operating return on tangible equity of 21% and a core operating return on equity of 13.9%. The company returned $1.06bn to shareholders, comprising $676m in share buybacks and $388m in dividends. Chubb CEO and chairman Evan Greenberg said: "We had a great second quarter. Most all of our businesses and regions of the world contributed to record quarterly results, illustrating the distinctive, diversified nature of our company. Our balance of business, geographically by customer segment and product, is a distinguishing feature of our company. 'As I observed at the beginning of the year, about 80% of our businesses globally have good growth prospects, and we are capitalising on a wide range of opportunities. I have great confidence in our ability to grow revenue and operating income at a superior rate, CATs [catastrophe bonds] and FX [foreign exchange trade] notwithstanding." On the flip side, the company's half-year net income saw a marginal decline of 1.7%, totalling $4.29bn, down from the previous year's $4.37bn. Chubb reported Q1 2025 net income of $1.33bn, down 37.9% year-over-year. "Chubb net income soars 33% to $2.97bn in Q2 " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
5 days ago
- Business
- Yahoo
How life insurance builds generational Black wealth
What if the secret to generational wealth only costs you one date night a month? In this episode of Financial Freestyle, Ryan Smith, vice president of Atlanta Life Insurance, reveals how life insurance isn't just for when you die - it's a powerful financial tool while you're still alive. Ross Mac and Ryan Smith break down the myths and spotlights why life insurance might be the most overlooked $70B side hustle in America. Listen and subscribe to Financial Freestyle on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Financial Freestyle with Ross Mac on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice, and inspiring success stories, we empower you to build and grow wealth. Join us on this transformative journey toward financial freedom and inclusive economic growth. If you have the opportunity to give your family tax-free, um,Seven figure sums and even many of demise. Like that seems like that would be sort of life-changing across generations, right? And you can often do that um for the cost of one date night per month, right? Or sort of one pair of shoes. Welcome to Financial Freestyle here on Yahoo Finance, and I'm your host, Ross Mack. Now look guys, no matter where you are on your journey of building wealth, you can never stop learning, and that's why each and every week I'm giving you guys gems on gems and today's no different because we're talking to one of my really, really good friends, Mr. Ryan Smith, vice president of Atlanta Life Insurance. My guy Ryan, how are you living, baby? I'm good, but it's good to see you. How are you? Man, it's, it's remarkable to have you on here, to the people, to the, listen, let me let y'all in on the secret. I was a young intern at Morgan Stanley. It was very rough around the edges. I was probably like 19 years old, and Ryan was like, Yo, who's this kid and how they let him even get an internship? He pulled me and said like, look young fella, you got to tighten up. And for that, I'm gonna always be grateful, man, it was uh a pleasure to look out for you, man. I saw sort of the potential, just had to get the rules of the game too. I appreciate you, but look, man, obviously I know you and I look at you as one of the big homies and you've done a lot, but to the world, who was Ryan Smith? Who is Ryan Smith? Ryan Smith is a kid from the South side of Chicago. Um, grew up, my parents are still there, um, have 4 siblings, one of my sisters is still there. Um, but the reality is sort of good, the bad and the ugly are growing up in the South Side, it made me who I but also, um, started thinking through how to sort of maximize the good in that community, how to minimize the, the bad and the ugly, and also understanding sort of the common trends that exist in communities like the one.I grew up in, right? And so whether that's in Chicago, whether that's in DC, whether that's in Atlanta, whether that's in Los Angeles, sort of name your city, you often find it sort of these similar neighborhoods that are deprived of opportunity, um, but full of talent. And so I wanted to think through, um, how to unlock that talent, how to create more opportunity, and ultimately decided that my path would be building and investing in large scale minority owned with the belief that they would employ um from those communities and invest in those communities, um, and love on those communities in the way they deserve. And so that's the journey I've been on, um, and it's, it's been fun and it's been rewarding. I love to hear it, man. I love obviously what you're doing. Um, but the reason we're here right is because after you went into private equity with right alongside uh one of the greatest basketball players of all time, Isaac Johnson, you ended up buying the oldest black owned life insurance company. Walk me through that, help me understand one, why was that a great target company to buy, and then, you know, let's actually talk about what you're doingnow. Yeah, so like you said, right, I backed my way into sort of this insurance industry, um, which is huge, it's multi-trillion dollars, um, but had not paid that much attention to it been what now, 2014, um, had the opportunity to evaluate an acquisition opportunity which was an insurance company actually based in Chicago called Equirust, um, which is an annuities provider that began sort of the full on immersion into insurance. Um, frankly, that company is a weed oil machine run by a gentleman Eric Holloman and so discovered the that insurance products can be, right? So if you think about annuities, you think about sort of solving what's called longevity risks. People outliving their money. There's a lot sort of discussed about sort of the retirement crisis and people not having enough saved and annuities sort of help that all I have to say, um, looked for another opportunity to sort of, uh, do it again, became aware of Atlanta Life Insurance Company. And so for context, 120 years of existence, 120 years of service, founded by a man born into slavery who went on to become the first black millionaire in Atlanta, and he did that by serving and to serve. He served his community, providing them with life insurance at a time, um, that other corporations and other entities wouldn' sort of fast forward 120 years later, we shorten the next 100 years, and the mission remains the same. It is ensuring that people have financial protection and also an opportunity to grow their wealth. Um, and so we do that through an insurance perspective, but also with a belief and commitment to we do best when our policyholders do best, and for that reason, uh, we promote holistic wellness. So not only financial but and mental, and so often sort of in the community sort of engaging, uh, the communities where the policyholders or not, um, and ensuring that they're living sort of their best and their longest lives. And so it's uh, it's been sort of emerging of all my different passions into uh this current role, and it's uh it's been fun, it's been an honor, so enjoying the journey. That's awesome, man. Look, when I holistically about right building true generational wealth, a huge component of it is life insurance, right? And I think about the easiest way to build generational wealth is one, you just gotta be selfless by actually having life insurance, which you could then pass on to the next. So let's start really digging into it because I'm learning a lot more obviously through you and your company, but like first off, like what's the biggest misconception when it comes to lifeinsurance? It's a number of things. Oftentimes people overestimate the cost of it, right? And so to your point about sort of building generational wealth, if you have the opportunity to give your family tax-free, um,7 figure sums and the many a demise. Like that seems like that would be sort of life changing across generations, right? And you can often do that um for the cost of one date night per month, right? Or sort of one pair of shoes. Uh, and so people often overestimate sort of the value that you can get from a life insurance and then too there's often sort of this question, uh, about sort of how much somebody needs, right? Um, butWe actually have a calculator where you can actually input sort of all these sort of key variables throughout your life on wealth and and it can actually suggest the amount to you and sort of show you where you rank relative to others. Uh, but another piece that people miss is life insurance doesn't only sort of provide uh, when you've passed away. And I think that's sort of a significant difficulty of the conversation about life insurance. People don't want to think about their mortality, um, and think about passing along, but the reality is life insurance can do a whole lot for you while you're here. So, when it comes to the living benefits of life insurance, can you pleaseEducate the on that. Yeah, so, in the most basic sense, so if we talk about sort of permanent life policies, we've heard them referred to as whole life policies, universal life policies, um, and sort of index universal life policies, right? And so if you think about sort of theComposition of those entities. One, it is sort of ensuring that you have life insurance and a death benefit need any a demise, but the other piece of it is what's called cash value, right? And so every time you're paying premium, you're creating value um that can earn an interest rate, right? And there areof ways this interest rate can sort of be calculated, right? If it's whole life, um, it's typically sort of one rate if it is indexed to an index, um, it can often be sort of market driven, right? And so you get some elements of market returns with some downside protection and then there are other sort of variations of that sort of variable universal life, and that is sort of the asset component that people refer to, right? And so as you sort of accumulate that cash value over time, um, that is now sort of your asset to, uh, do things with, right? And so you can pull from that and sort of repurpose those dollars for other things, um, is, is really sort of what people are talking about in terms of utilizing that asset and so you getSomething that is giving you a variety of different purposes. Everything from your death benefit to what I'll call a savings vehicle that's earnings with a meaningful rate of return that also has safety and grows in a tax divert and sometimes tax-free manner. And so they call it the and asset sometimes, right? Because it just does a bunch of things. And then if we think about sort of one product, um, if you sort of take some of those funds out depending on the way you do a sort of dollar earnings perspective, you can still earn interest on that while also repurposing sort of those dollars into whether it be paying for school, paying for a wedding, funding a business and things of that sort and insurance can almost be like a Swiss Army knife um that can aid you throughout life and multiple capacities, right? And if we think about this relative to like a 529 education plan, right? So oftentimes you have children, uh people recommend you get your 529, which I'm perfectly fine with. I have one for my daughter, um, but you can alsoGet your child a permanent life policy, take the benefit of them being young and thus premiums being cheaper, and then just put the power of compounding on their side from the very beginning, right? And so if you think about this sort of illustratively, for $100 a month, when your child turns 18, they could have cash value of call at $300,000 right?And that $300,000 can be used to fund education. It could be to fund their business idea. It can do a variety of things. Uh, and all while still having that death benefit in place, so you're ensuring sort of, um, a generational sort of wealth transfer, um, and sort of the continuity of wealth, um, through sort of the, the future generations to come. That's heavy. We gonna, we gonna, we definitely got to get more into that. Look guys, we're gonna take a real quick break, but when we come back, we're gonna let you know even more about the different types of life insurance policies you can get, especially at Atlanta back to Financial Freestyle here on Yahoo Finance. I'm your boy Ross Mack and look guys, much like many other people, right, your favorite personal finance guy is either gonna be me, Ross Mack or Dave Ramsey. And as a result, right, a lot of people might listen to Dave Ramsey and one of the things he says is like, at the end of the day, all you need is insurance. And so, Ryan, I really wanna get your opinion on it. Theeasiest way to think about it is term life policies versus permanent policies, right? And literally, term life insurance products are called term because they are in place for a certain term, right? Sometimes that's 10 years, sometimes that's 20 years, sometimes it's 30 years, sometimes it's more, um, but it sort of depending on the features of this you are still alive, if you have a 30 year term policy and you are still alive at sort of year 30 and day one, then that policy can turn out. And so when you think about your question, if you think about Dave Ramsey, his perspective is often sort of just get a term policy and invest the I don't take issue with that on its face, right? It's just the completion of the, the, the mission, right? And so, yes, get a term policy. We sell term policies, but then what typically doesn't happen is people don't invest the rest. They spend the rest or they just don't right? And so, rather than with a permanent life policy, you get the sort of investment component as a part of your product. With a term policy, there is a secondary action that you then need to take to generate the investment return that you would get, um, and a sort of permanent policy, right? And so,It's a preference thing, right? I am a believer andPermanent policies sort of providing the best value, but I also understand the value of term policies and personally I have both. Um, and sort of, yeah, and so when we talked about sort of giving your family a seven figure sum upon your demise and that being the cost of one night out, that is probably a term policy. Uh, and if we think about sort of meeting everybody where they are and sort of with their variety of term policies are appropriate for many people. And so when we talk about sort of the life insurance protection gap.A key way to sort of ensure that we start getting people life insurance policies and the appropriate amount will often include term. And so again, I don't take issue with Dave Ramsey's perspective. Um, I do take issue when he attacks, uh, other forms of life insurance cause they all have their value, they all have their sort of method and approach, uh, and so two things can be true at once. You know, the one thing that is not often talked about, right? So say I, you know, I get married at 30.I get a 30 year term policy, right? So, I got, you know, million dollar term policy, $2 million.03 million dollars, whatever it is, but that's only for 30 years till I get to 60. At the end of the day, right? Actuaries, the people that are, you know, coming up with how much I should pay and you know, the people that are crunching the numbers for the goal is one for them to make money, right? And my understanding is less than 2% of term policies actually pay out. And so when I do,Get married at 30, have kids, and I turned 60, I then have no life insurance. And so if I want to get life insurance, now at the age of 60, that premium is considerably different than when I was at 30 because well now I'm closer to, you know, when I do pass away. And so another thing that, you know, I, I didn't take into account when I got my first term policy was, oh, it's cheaper, let me just do this, but the idea is thatWhen I turn 60, I now gotta take a brand new, you know, uh, gotta, gotta do a new physical and got to screen all my health, etc. And so now, as you can get older, right, and so like obviously I'm understanding now I'm doing more research, there's a lot of creative ways where you canYou know, maybe bump up the premium as you start to make more money or something, but like the idea of having a permanent policy does seem more attractive, especially as you can kind of customize it. So, talk about some of those customizable things that the average person doesn't even know about. Yeah, so again, right, like this isn't a mutually exclusive thing. You can have more than one life insurance policy. You can have more than one type of life insurance policy. Um, but as a general matter to the point you just younger you are when you get life insurance, the better, right? And the presumption is that sort of you are healthier at call it 20 or 30, then you will be at 60. And so when you think about sort of pricing a life insurance policy at 60, like that is when some elements of age uh sort of start to reflect themselves and and people find themselves having some health issues or just frankly you probably have more life behind you than you do in front of you, right? And so those are all considerations when it comes to pricing. Um, but one way people think about term is sort of matching it to a liability, right? And so to your point about 30 year term, getting it at 30.A lot of times it's because you have a 30 year mortgage, right? Or you have a child that was just born and you're trying to ensure um that you can support them until they are able to sort of financially support themselves on their own, um, but then there are a number of ways to sort ofAnd shortest you have coverage, the one of the easiest and and sort of why I advocate for permanent life policies because they're permanent, right? And so we don't have this issue. And so you go through your underwriting when you buy the policy, the policy, uh, assuming all goes well is issued, and now you don't have to worry about that so long as you sort of pay your but if we want to sort of think about this from a term perspective too, there's a weird, there's a way to sort of layer different term policies to cover different sort of amounts, different stages of life, different liabilities, different cash flows, uh, and some sometimes people do that. And so like there are myriad ways that you can can utilize life insurance and have it sort of address your needs, your life and then something that we take pride in here is, is sort of building a product that grows with you, right? And so if you think about sort of the normal expectation in someone's life, it's that sort of over the course of time, you earn more and more money, right?And so what that could mean for 21 year old Ross is that I can only afford sort of X amount of premium per month. But then 25 things start going better for me and sort of that same percentage say that was 1% of sort of my earnings, that equals a different number andSo that allows me to sort of have more premium, have sort of more cash value accumulation, etc. and so on and forth. And so at 30, at 35, at 40, so you have this permanent policy, you're paying your premiums, you can raise your premiums and thus accelerate sort of the growth of your cash what you now have is a product that literally grows with you, uh, and adjusts to the stage of life you're in, um, and becomes this asset for you, uh, that you can always have. I love it,man. Look, for the interest of time, I got one more question, but we could go all day, um, not even gonna lie, cause this is uh super for me, butWhere can people find out more information about just general, you know, life insurance questions? Yeah, so we understand that uh there are tons of sort of misconceptions, tons of unknowns, and so for that reason, we launched a financial literacy and insurance literacy called wealth and equity, and it can be found at wealth and And so on there you can learn about financial literacy, you can learn about life insurance, you can literally see video testimonies of the impact and the ways um that life insurance has impacted different people's lives, um, and so and and also to the point of people being unsure how much they need. You can literally go there, sort of put in the details of your unique circ like or situation, uh, and actually get an estimate of sort of how much life insurance you should have based on your unique circumstances. And we think that's sort of a huge equalizer and sort of bridge builder um for those who have concerns about it and furthermore we, you can get a quote and so you can understand sort of one, how much you need and how much that can cost, and then it's your choice on whether or not you and then one other thing I want to talk about, right, isI alluded to this earlier. So Limra, which is sort of the research body for life insurance, um, does a study every year. It's called the Barome study. Their most recent study said that 102 million American adults life insurance or need more life insurance. So relative to sort of what they have, like, for example, they may have a group benefits policy that covers one or two extra salary, that's drastically different when we talked about the figures of sort of needing 10X or 20X. Um, but if we think about sort of what that means from a dollar perspective, they say the gap is call it like.$25 trillion. Um, and if we think about what that means from a premium opportunity, that's $70 billion. If you think about, and that's on an annual basis, so $70 billion of premium on an annual basis. If you think about how life insurance is often sold, it's sold through so every sort of life insurance policy that you sell, um, you're able to generate commission and sort of you just heard the size of the opportunity, $70 billion a year in that's a significant sort of economic opportunity, and I'm all supportive but people sort of getting their real estate licenses and having side hustles, like there needs to be more consideration to this life insurance opportunity cause you're doing good, so you're getting people a product they need. You're protecting them, you're protecting their family, you're giving them something depending on the product that can be an asset. uh, and it can be a significant sort of income generation opportunity for and so, uh, I, I try and sort of tell more, more and more folks about this opportunity because it is vast, it can be lucrative, and you're literally, um, doing a good service by people by ensuring they have these things, and so, uh, go, go tell a friend. Well, that's a million dollars worth of game. People, let's give a roll welcome and thank you to my dog, Ryan Smith of Atlanta Life. And that's it for this episode. People make sure you tune in each and every week. Tell your mama, your auntie, and your cousins to tune in, subscribe, leave a comment, and share with somebody they love. Appreciate you, content was not intended to be financial advice and should not be used as a substitute for professional financial services. Related Videos Social Security checks are going paperless: What you need to know Goldman Sachs' Lotfi on Ending Overweight Credit Broadcom's record, Charter's Q2 miss, Newmont's buyback plan Palantir highs, Phillips 66 Q2 beat, Comcast's Versant spin-off Sign in to access your portfolio
Arabian Business
5 days ago
- Business
- Arabian Business
ADNIC to provide life insurance to Emiratis up to the age of 95
Abu Dhabi National Insurance Company (ADNIC) has launched a specialised life insurance offering for eligible UAE nationals through a strategic partnership with the Sheikh Zayed Housing Program (SZHP). The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis, aged up to 70, to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older borrowers. ADNIC expands life insurance terms The housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with programme since its inception. Charalampos Mylonas, Chief Executive Officer of ADNIC, commented: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. 'As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement.
