Torus is a global specialty insurer with operations in 10 countries and specialized ventures including Lloyd's Syndicate 1301. They offer customized insurance products for industries like energy, construction, aviation, and healthcare. For healthcare clients, Torus believes in compensating injuries fairly while rewarding safe practices. They provide tools to customize coverage like swing plans, premium discounts, and split retentions tailored to a client's risks and claims history. The goal is providing appropriate coverage at the lowest cost to allow clients to focus on patient care.
A New Arrow for The Pension Practitioners Quiver: Pension Risk TransferJay Dinunzio
Webinar Presentation Slides
Gone are the days of group annuity contracts only being able to satisfy the plan termination objectives of a pension plan sponsor. Today, there are a wide variety of useful applications for guaranteed institutional annuity contract structures to provide an alternative to traditional fixed income investments. Are you or your pension clients:
•Struggling with cost and volatility issues surrounding a defined benefit pension plan?
•Considering a liability driven investment strategy that will de-risk the plan investment and allow for stable, predictable funding?
•Limited by fixed income funds that only allow for simple duration matching, and expose the plan to cash flow mismatch risks?
•Unaware of the variety of customized institutional insurance contract structures available?
•Lacking a fiduciary process for evaluating and monitoring the attractiveness of insured pension solutions?
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
The document discusses the differences between occurrence-based and claims-made medical malpractice insurance. Occurrence-based insurance provides unlimited coverage for any claims that occur during the policy period, even if reported later. Claims-made insurance only covers claims that both occur and are reported during the active policy period, unless tail coverage is purchased. Tail coverage extends reporting timelines but is expensive, with costs increasing each year. Over time, premiums for claims-made insurance typically exceed those of occurrence-based policies due to increasing liability exposure. Proper due diligence is important when evaluating and switching between these policy types.
The document provides an introduction to investments and covers key concepts such as risk and return, asset classes, diversification, and inflation. It explains that higher risk investments like shares and property have historically delivered higher returns than lower risk investments like cash and fixed interest. It emphasizes the importance of diversification across different asset classes and managers to reduce risk.
A large deductible captive, also known as a deductible reimbursement policy (DRP), allows a company to self-insure its losses within a large deductible on a third-party insurance policy. The captive issues a policy to the insured to reimburse losses within the deductible. This structure reduces insurance expenses, smooths premiums, and allows the insured more control over claims while generating underwriting profits and investment returns for the captive. The captive is capitalized through premiums set based on historical deductible losses and requires at least 20% of annual premium or the solvency standard as capital.
This white paper discusses eight strategies for policyholders to realize higher returns on schemes of arrangement. Schemes of arrangement are agreements between insurers and policyholders in run-off that establish a deadline for submitting past, present, and future claims. While originally for insolvent insurers, schemes are increasingly used by solvent insurers in run-off to achieve finality. Due to a rising number or schemes and business fragmentation, policyholders need strategies to efficiently determine applicability and minimize costs of submissions. The white paper outlines conducting comprehensive policy reviews, leveraging past submissions, reviewing scheme documents strategically, and considering alternative dispute resolution to reduce expenses and maximize potential returns.
A New Arrow for The Pension Practitioners Quiver: Pension Risk TransferJay Dinunzio
Webinar Presentation Slides
Gone are the days of group annuity contracts only being able to satisfy the plan termination objectives of a pension plan sponsor. Today, there are a wide variety of useful applications for guaranteed institutional annuity contract structures to provide an alternative to traditional fixed income investments. Are you or your pension clients:
•Struggling with cost and volatility issues surrounding a defined benefit pension plan?
•Considering a liability driven investment strategy that will de-risk the plan investment and allow for stable, predictable funding?
•Limited by fixed income funds that only allow for simple duration matching, and expose the plan to cash flow mismatch risks?
•Unaware of the variety of customized institutional insurance contract structures available?
•Lacking a fiduciary process for evaluating and monitoring the attractiveness of insured pension solutions?
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
The document discusses the differences between occurrence-based and claims-made medical malpractice insurance. Occurrence-based insurance provides unlimited coverage for any claims that occur during the policy period, even if reported later. Claims-made insurance only covers claims that both occur and are reported during the active policy period, unless tail coverage is purchased. Tail coverage extends reporting timelines but is expensive, with costs increasing each year. Over time, premiums for claims-made insurance typically exceed those of occurrence-based policies due to increasing liability exposure. Proper due diligence is important when evaluating and switching between these policy types.
The document provides an introduction to investments and covers key concepts such as risk and return, asset classes, diversification, and inflation. It explains that higher risk investments like shares and property have historically delivered higher returns than lower risk investments like cash and fixed interest. It emphasizes the importance of diversification across different asset classes and managers to reduce risk.
A large deductible captive, also known as a deductible reimbursement policy (DRP), allows a company to self-insure its losses within a large deductible on a third-party insurance policy. The captive issues a policy to the insured to reimburse losses within the deductible. This structure reduces insurance expenses, smooths premiums, and allows the insured more control over claims while generating underwriting profits and investment returns for the captive. The captive is capitalized through premiums set based on historical deductible losses and requires at least 20% of annual premium or the solvency standard as capital.
This white paper discusses eight strategies for policyholders to realize higher returns on schemes of arrangement. Schemes of arrangement are agreements between insurers and policyholders in run-off that establish a deadline for submitting past, present, and future claims. While originally for insolvent insurers, schemes are increasingly used by solvent insurers in run-off to achieve finality. Due to a rising number or schemes and business fragmentation, policyholders need strategies to efficiently determine applicability and minimize costs of submissions. The white paper outlines conducting comprehensive policy reviews, leveraging past submissions, reviewing scheme documents strategically, and considering alternative dispute resolution to reduce expenses and maximize potential returns.
The document provides an overview of life insurance basics, including defining life insurance as an agreement where the insurer promises to pay a sum to a beneficiary upon the policy owner's death in exchange for premium payments. It discusses the different types of life insurance policies including term, whole life, universal life and variable life, and how they differ in terms of coverage duration, premium structure, and cash value growth. The document also reviews important considerations for determining coverage needs and affordability, as well as how to name beneficiaries under a policy.
Self-funded health plans have grown in popularity due to their potential cost savings compared to fully insured plans. Employers who self-fund assume the financial responsibility for paying employee health claims. They can customize their plans' benefits and control costs. Self-funded plans purchase stop-loss insurance to limit financial risk from catastrophic or unusually high claims. Third party administrators (TPAs) handle plan administration and ensure compliance with regulations. TPAs work with employers to design customized plans and stop-loss coverage to provide the best benefits at the lowest cost.
This document outlines 25 reasons to own life insurance through a qualified retirement plan. Some key benefits include using pre-tax dollars to pay premiums, avoiding taxes on death benefits, and using life insurance as an investment within a balanced retirement portfolio. Life insurance can also be used to fund buy-sell agreements for business owners or provide benefits to spouses and heirs in the event of premature death.
This document discusses the basic types of life insurance policies. It explains that term life insurance provides coverage for a specified period of time, with lower premiums than permanent life insurance. Permanent life insurance provides lifelong coverage and builds cash value over time, with premiums that are usually higher than term life insurance. The document also notes that both term and permanent policies have advantages, so the best choice depends on an individual's unique needs and situation.
Aviva index universal life insurance crediting interest to your cash valueConnie Dello Buono
Aviva index universal life insurance crediting interest to your cash value..connie dello buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com Greater Bay area
Basics of insurance and investment terms seminar ongoing...
The Gardner Group's eighth newsletter provides updates on self-funded employee health benefits and data analytics. Self-funding allows employers to avoid premium taxes and state-mandated benefits, saving thousands per year. While it presents financial risk, purchasing stop-loss insurance mitigates exposure to catastrophic claims. Data analytics helps self-funded employers streamline inefficiencies, identify at-risk members, and lower costs through wellness programs. The newsletter also discusses consumer-directed health plans that function as a form of modified self-insurance, saving employers money versus traditional insurance.
This document provides information about life insurance policies in India. It discusses different types of life insurance policies like term insurance, whole life insurance, endowment policies, money back plans, children's policies, annuity plans, and unit linked insurance plans. It also answers frequently asked questions about life insurance policies, including how premiums, surrender values, and claims are calculated for conventional and unit linked policies. The document aims to educate policyholders about various aspects of life insurance.
This document discusses captive insurance programs as a way for companies with large workers' compensation deductibles to effectively manage risk. It explains that captive insurance allows the company to take a tax deduction for premiums paid to the captive insurer, which can then set aside the premiums as tax-deductible reserves. The captive's reserves can be held as collateral by the primary insurance carrier above the deductible amount. The document also discusses measuring PEO performance, including analyzing medical cost savings from the insurance carrier's claims handling practices. Finally, it outlines best practices for loss prevention management, such as complying with safety requirements and conducting needs assessments for new clients.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
Annuity is a term that is familiar to most of us and that we have been now hearing for over 200 years. Annuities are nothing but products offered by insurance companies that allow you to save on taxes and derive benefit on retirement. These accumulated funds are later repaid to you either for a fixed term, say 5 to 10 year, or for the rest part of your life.
Annuities are quite similar to Collateral deposits. CDs are offered by banks, similarly, insurance companies offer different return schemes on your annuity investments.
What is the meaning of annuity?
For a layman, an annuity is nothing but a contract between two parties, a person, also called as the insured and an organization which is nothing but an insurance company. The insurance company agrees to pay the insured an agreed upon benefit either in the form of regular interval payments or in lump sum.
Who offers an Annuity?
Annuities are presented by Insurance companies. They reach customers by the way of licensed agents. But before you chose to invest with the insurance company, you should check their insurance licenses. State and federal laws and insurance commissions govern the reserve funds, also known as State Legal Reserve Pools.
How does an Annuity Scheme work?
Annuity is a contract. The insured makes a deposit with the insurance company either in a single go or through regular small installments. Depending upon the type of annuity you choose, the money deposited with the insurance company will earn fixed or variable return.
Different Types of Annuity:
• Single premium immediate annuity: The amount is paid in lump sum and the benefits are derived from the immediate next month onwards.
• Single premium deferred annuity: Again, the amount is paid in lump sum but the withdrawals can be made only after specified time limit
• Annual premium deferred annuity: The premium paid to the insurance company is either in form of quarterly, or monthly or bi-annual or annual installments. Withdrawals are deferred to a later date.
• Variable annuity: This is more of a combination annuity scheme where you can chose either to pay a lump sum amount or in installments. You can choose the investment vehicle as well. Thus, the growth of your fund depends on vehicle chosen.
Thus, depending upon the scheme chosen by you, the amount deposited by you grows. At a time elected by you, the insurance company will start disbursing your deposits from your annuity account.
You also have a choice of withdrawing funds in lump sum after a certain time elapses.
Benefits associated with Annuities:
• Tax Deferral: The money invested in an annuity scheme stays tax free and grows tax free till the time you withdraw it. The age set for withdrawals is 59.5 years. Any funds withdrawn prior to this age bear an annual penalty charge of 10%.
• The insured gets a secured guaranteed return for the rest of life, especially post retirement
Thus, annuity offers you a medium of saving, ensuring avoiding probate for your heirs, safety of funds and much more.
The document discusses Four Springs Capital's investment strategy in net-leased real estate and energy assets. It summarizes FSC's capabilities in structuring special purpose entities like LLCs and DSTs for 1031 exchanges and real estate ownership. The management team is experienced in private equity, asset management, and energy investment banking. FSC believes energy prices have dropped to attractive entry levels for producing mineral interests, royalties, and volumetric production payments with stable cash flows.
Annuities have existed since Roman times as a way for citizens to receive yearly payments in exchange for an upfront payment, becoming popular among nobles in medieval times and taking more modern form with the founding of insurance companies in the 18th century that offered annuities as a form of investment and life insurance.
ALPHA Fund - SMSF (Self Managerd Super Fund) World Australia Conference 2011kirktsihlis
ALPHA has packaged commercial equipment lease portfolios, one of the banks' best performing assets, into an investment product now accessible to SMSFs. The ALPHA LBS Income Fund provides a targeted 11.25% return through investing in these lease backed securities, offering high and regular returns with low risk.
Survivor universal life insurance 4088541883 san jose california connie dello...Connie Dello Buono
connie dello buono 4088541883 san jose california ca life ins lic 0G60621 on page 3 is about preserving your heir's inheritance, charitable gifts, key person coverage and wealth transfer
Grant Thornton - Pensions Perspectives Newsletter UK 2012Grant Thornton
This document provides an overview of some strategies pension schemes can employ to reduce their VAT (value added tax) costs and potentially claim back VAT payments. It notes that voluntarily registering a pension scheme for VAT can allow the scheme to claim back VAT paid on investment management fees going back decades. The article also discusses the potential benefits of VAT registration for property investments owned directly by pension schemes. Finally, it mentions a legal challenge being brought by the NAPF and WCIF that could unlock significant VAT refunds for pension funds in coming years.
The document discusses the evolution of the role of underwriters from the 1980s to present. It describes how underwriting standards became loosened during periods of bubbles like the commercial real estate and dot-com booms, contributing to financial crises. In response, there has been a push to return to fundamentals of strict underwriting and risk management. The role of underwriters has evolved from general commercial lenders to specialized roles with underwriters leading deal teams to balance business interests and prudent credit standards.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
This document provides an overview of the National Rental Affordability Scheme (NRAS). It notes that NRAS aims to deliver 50,000 affordable rental homes by 2014-2016 through tax incentives for approved housing projects. It outlines eligibility requirements for tenants and participants, including income limits. It describes the tax-free annual incentive of $9,781 provided to owners, comprising of state/territory and federal government contributions. Potential advantages and disadvantages of the NRAS scheme are briefly discussed.
This document provides an overview of traditional and indexed life insurance. It discusses key questions people have when purchasing life insurance, such as how much is needed and what type to buy. It defines term and cash value life insurance, and describes various term and cash value policies. It also summarizes how life insurance is taxed, including premiums, dividends, loans/withdrawals, and modified endowment contracts. The document aims to help readers understand their options so they can select the best life insurance for their needs and objectives.
The document provides an overview of the DSP BlackRock MIP Fund, a hybrid fund that invests 75-100% of assets in debt and money market securities and 0-25% in equities. It aims to generate income from its debt allocation while also providing capital appreciation potential from its equity exposure. The fund analyzes macroeconomic factors to dynamically allocate between asset classes and focuses on high credit quality, liquid debt instruments to generate risk-adjusted returns. It is suitable for investors looking for dividend income and price appreciation over a 12-month horizon.
The document discusses different types of whole-of-life assurance policies that provide lifelong financial protection for loved ones. There are policies that offer a set payout and investment-linked policies where the payout is linked to investment performance. Whole-of-life policies pay a lump sum to your estate upon death that can be used for inheritance, funeral costs, or inheritance tax planning. Some policies require premiums be paid for life while others become paid-up at a certain age. The document also describes maximum and standard coverage options and reviews of protection levels that may require increased premiums over time.
LifeHealthPro - Heres why cash value life insurance is a superior productJose Ariel Taveras
The document discusses the advantages of cash value life insurance over term life insurance and other financial assets. It outlines three main categories of advantages for cash value life insurance: 1) Tax advantages, such as tax-free growth of cash value and tax-free death benefits; 2) Financial advantages, as life insurance is designed using actuarial models to provide guarantees and potential increases in death benefits; and 3) Legal advantages, like state legal protections and guarantees of insurers. The document promotes cash value life insurance as a superior financial product compared to alternatives due to these inherent advantages.
The document provides an overview of life insurance basics, including defining life insurance as an agreement where the insurer promises to pay a sum to a beneficiary upon the policy owner's death in exchange for premium payments. It discusses the different types of life insurance policies including term, whole life, universal life and variable life, and how they differ in terms of coverage duration, premium structure, and cash value growth. The document also reviews important considerations for determining coverage needs and affordability, as well as how to name beneficiaries under a policy.
Self-funded health plans have grown in popularity due to their potential cost savings compared to fully insured plans. Employers who self-fund assume the financial responsibility for paying employee health claims. They can customize their plans' benefits and control costs. Self-funded plans purchase stop-loss insurance to limit financial risk from catastrophic or unusually high claims. Third party administrators (TPAs) handle plan administration and ensure compliance with regulations. TPAs work with employers to design customized plans and stop-loss coverage to provide the best benefits at the lowest cost.
This document outlines 25 reasons to own life insurance through a qualified retirement plan. Some key benefits include using pre-tax dollars to pay premiums, avoiding taxes on death benefits, and using life insurance as an investment within a balanced retirement portfolio. Life insurance can also be used to fund buy-sell agreements for business owners or provide benefits to spouses and heirs in the event of premature death.
This document discusses the basic types of life insurance policies. It explains that term life insurance provides coverage for a specified period of time, with lower premiums than permanent life insurance. Permanent life insurance provides lifelong coverage and builds cash value over time, with premiums that are usually higher than term life insurance. The document also notes that both term and permanent policies have advantages, so the best choice depends on an individual's unique needs and situation.
Aviva index universal life insurance crediting interest to your cash valueConnie Dello Buono
Aviva index universal life insurance crediting interest to your cash value..connie dello buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com Greater Bay area
Basics of insurance and investment terms seminar ongoing...
The Gardner Group's eighth newsletter provides updates on self-funded employee health benefits and data analytics. Self-funding allows employers to avoid premium taxes and state-mandated benefits, saving thousands per year. While it presents financial risk, purchasing stop-loss insurance mitigates exposure to catastrophic claims. Data analytics helps self-funded employers streamline inefficiencies, identify at-risk members, and lower costs through wellness programs. The newsletter also discusses consumer-directed health plans that function as a form of modified self-insurance, saving employers money versus traditional insurance.
This document provides information about life insurance policies in India. It discusses different types of life insurance policies like term insurance, whole life insurance, endowment policies, money back plans, children's policies, annuity plans, and unit linked insurance plans. It also answers frequently asked questions about life insurance policies, including how premiums, surrender values, and claims are calculated for conventional and unit linked policies. The document aims to educate policyholders about various aspects of life insurance.
This document discusses captive insurance programs as a way for companies with large workers' compensation deductibles to effectively manage risk. It explains that captive insurance allows the company to take a tax deduction for premiums paid to the captive insurer, which can then set aside the premiums as tax-deductible reserves. The captive's reserves can be held as collateral by the primary insurance carrier above the deductible amount. The document also discusses measuring PEO performance, including analyzing medical cost savings from the insurance carrier's claims handling practices. Finally, it outlines best practices for loss prevention management, such as complying with safety requirements and conducting needs assessments for new clients.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
Annuity is a term that is familiar to most of us and that we have been now hearing for over 200 years. Annuities are nothing but products offered by insurance companies that allow you to save on taxes and derive benefit on retirement. These accumulated funds are later repaid to you either for a fixed term, say 5 to 10 year, or for the rest part of your life.
Annuities are quite similar to Collateral deposits. CDs are offered by banks, similarly, insurance companies offer different return schemes on your annuity investments.
What is the meaning of annuity?
For a layman, an annuity is nothing but a contract between two parties, a person, also called as the insured and an organization which is nothing but an insurance company. The insurance company agrees to pay the insured an agreed upon benefit either in the form of regular interval payments or in lump sum.
Who offers an Annuity?
Annuities are presented by Insurance companies. They reach customers by the way of licensed agents. But before you chose to invest with the insurance company, you should check their insurance licenses. State and federal laws and insurance commissions govern the reserve funds, also known as State Legal Reserve Pools.
How does an Annuity Scheme work?
Annuity is a contract. The insured makes a deposit with the insurance company either in a single go or through regular small installments. Depending upon the type of annuity you choose, the money deposited with the insurance company will earn fixed or variable return.
Different Types of Annuity:
• Single premium immediate annuity: The amount is paid in lump sum and the benefits are derived from the immediate next month onwards.
• Single premium deferred annuity: Again, the amount is paid in lump sum but the withdrawals can be made only after specified time limit
• Annual premium deferred annuity: The premium paid to the insurance company is either in form of quarterly, or monthly or bi-annual or annual installments. Withdrawals are deferred to a later date.
• Variable annuity: This is more of a combination annuity scheme where you can chose either to pay a lump sum amount or in installments. You can choose the investment vehicle as well. Thus, the growth of your fund depends on vehicle chosen.
Thus, depending upon the scheme chosen by you, the amount deposited by you grows. At a time elected by you, the insurance company will start disbursing your deposits from your annuity account.
You also have a choice of withdrawing funds in lump sum after a certain time elapses.
Benefits associated with Annuities:
• Tax Deferral: The money invested in an annuity scheme stays tax free and grows tax free till the time you withdraw it. The age set for withdrawals is 59.5 years. Any funds withdrawn prior to this age bear an annual penalty charge of 10%.
• The insured gets a secured guaranteed return for the rest of life, especially post retirement
Thus, annuity offers you a medium of saving, ensuring avoiding probate for your heirs, safety of funds and much more.
The document discusses Four Springs Capital's investment strategy in net-leased real estate and energy assets. It summarizes FSC's capabilities in structuring special purpose entities like LLCs and DSTs for 1031 exchanges and real estate ownership. The management team is experienced in private equity, asset management, and energy investment banking. FSC believes energy prices have dropped to attractive entry levels for producing mineral interests, royalties, and volumetric production payments with stable cash flows.
Annuities have existed since Roman times as a way for citizens to receive yearly payments in exchange for an upfront payment, becoming popular among nobles in medieval times and taking more modern form with the founding of insurance companies in the 18th century that offered annuities as a form of investment and life insurance.
ALPHA Fund - SMSF (Self Managerd Super Fund) World Australia Conference 2011kirktsihlis
ALPHA has packaged commercial equipment lease portfolios, one of the banks' best performing assets, into an investment product now accessible to SMSFs. The ALPHA LBS Income Fund provides a targeted 11.25% return through investing in these lease backed securities, offering high and regular returns with low risk.
Survivor universal life insurance 4088541883 san jose california connie dello...Connie Dello Buono
connie dello buono 4088541883 san jose california ca life ins lic 0G60621 on page 3 is about preserving your heir's inheritance, charitable gifts, key person coverage and wealth transfer
Grant Thornton - Pensions Perspectives Newsletter UK 2012Grant Thornton
This document provides an overview of some strategies pension schemes can employ to reduce their VAT (value added tax) costs and potentially claim back VAT payments. It notes that voluntarily registering a pension scheme for VAT can allow the scheme to claim back VAT paid on investment management fees going back decades. The article also discusses the potential benefits of VAT registration for property investments owned directly by pension schemes. Finally, it mentions a legal challenge being brought by the NAPF and WCIF that could unlock significant VAT refunds for pension funds in coming years.
The document discusses the evolution of the role of underwriters from the 1980s to present. It describes how underwriting standards became loosened during periods of bubbles like the commercial real estate and dot-com booms, contributing to financial crises. In response, there has been a push to return to fundamentals of strict underwriting and risk management. The role of underwriters has evolved from general commercial lenders to specialized roles with underwriters leading deal teams to balance business interests and prudent credit standards.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
This document provides an overview of the National Rental Affordability Scheme (NRAS). It notes that NRAS aims to deliver 50,000 affordable rental homes by 2014-2016 through tax incentives for approved housing projects. It outlines eligibility requirements for tenants and participants, including income limits. It describes the tax-free annual incentive of $9,781 provided to owners, comprising of state/territory and federal government contributions. Potential advantages and disadvantages of the NRAS scheme are briefly discussed.
This document provides an overview of traditional and indexed life insurance. It discusses key questions people have when purchasing life insurance, such as how much is needed and what type to buy. It defines term and cash value life insurance, and describes various term and cash value policies. It also summarizes how life insurance is taxed, including premiums, dividends, loans/withdrawals, and modified endowment contracts. The document aims to help readers understand their options so they can select the best life insurance for their needs and objectives.
The document provides an overview of the DSP BlackRock MIP Fund, a hybrid fund that invests 75-100% of assets in debt and money market securities and 0-25% in equities. It aims to generate income from its debt allocation while also providing capital appreciation potential from its equity exposure. The fund analyzes macroeconomic factors to dynamically allocate between asset classes and focuses on high credit quality, liquid debt instruments to generate risk-adjusted returns. It is suitable for investors looking for dividend income and price appreciation over a 12-month horizon.
The document discusses different types of whole-of-life assurance policies that provide lifelong financial protection for loved ones. There are policies that offer a set payout and investment-linked policies where the payout is linked to investment performance. Whole-of-life policies pay a lump sum to your estate upon death that can be used for inheritance, funeral costs, or inheritance tax planning. Some policies require premiums be paid for life while others become paid-up at a certain age. The document also describes maximum and standard coverage options and reviews of protection levels that may require increased premiums over time.
LifeHealthPro - Heres why cash value life insurance is a superior productJose Ariel Taveras
The document discusses the advantages of cash value life insurance over term life insurance and other financial assets. It outlines three main categories of advantages for cash value life insurance: 1) Tax advantages, such as tax-free growth of cash value and tax-free death benefits; 2) Financial advantages, as life insurance is designed using actuarial models to provide guarantees and potential increases in death benefits; and 3) Legal advantages, like state legal protections and guarantees of insurers. The document promotes cash value life insurance as a superior financial product compared to alternatives due to these inherent advantages.
This M Intelligence piece will explore the product mechanics and design considerations of Whole Life (WL) insurance. There are two general categories of WL...
Unit Linked Insurance Policies (ULIPs) are life insurance policies that provide both risk coverage and investment. Most ULIPs offer a range of investment funds to suit different risk profiles and time horizons. Returns are not guaranteed as the investment risk is borne by the policyholder. Charges include premium allocation charges, mortality charges, fund management fees, and surrender charges. The document provides answers to frequently asked questions about ULIPs, such as what is a unit fund, benefits payable, consequences of discontinuing premiums, and fund performance reporting.
Indexed universal life insurance policies from Aviva combine the features of traditional universal life insurance with the potential to earn interest based on the performance of a stock market index. The policies provide life insurance protection, potential for cash value growth, and flexibility. Premium payments are initially placed in a basic interest strategy and then may be allocated to indexed strategies where interest is credited based on the movement of a stock market index, subject to participation rates and caps. This limits downside risk while allowing upside potential.
Self-Insured Retentions Part 2: An Examination of the Uses and Problems (from...NationalUnderwriter
This second and concluding part of the discussion on self-insured retentions first itemizes the points that should be
considered when either drafting or accepting SIRs. The discussion then addresses some additional problem areas not only with self-insured retentions having to do with primary liability policies, but also with the SIR feature of umbrella policies. It is not unusual, furthermore, for litigants, among others, to confuse deductibles with self-insured retentions, and there are differences, as one case discussed points out. In light of the fact that self-insured retentions also are growing, it also is important that parties to a contract are informed of their existence. To not do so, could end up with the accusation of failure to procure the proper insurance and, of course, such a breach is not covered by liability policies. It is for this reason that perhaps insurance certificates should be amended to insert room to notify (and warn) certificate holders of an SIR existence.
There are four main parties that make up the insurance market: buyers, sellers, intermediaries, and regulators. The buyers are individuals, businesses, organizations, and governments seeking insurance coverage. The sellers are insurance companies and reinsurance companies that provide insurance policies. Intermediaries such as agents and brokers facilitate business between buyers and sellers. Regulators like the Nigeria Insurance Association and Nigerian Council of Registered Insurance Brokers oversee the industry.
This document analyzes the implications of lengthened workers' compensation liability tails for self-insurers in three sentences:
Lengthened liability tails increase the financial risks and rewards of self-insurance by extending the period over which cash outflows are deferred. Longer tails also increase profit and loss volatility for self-insurers and affect how expenses are reported in financial statements. The document models costs of self-insurance under shorter and longer tail scenarios to explore these implications.
Defined Benefits in a Defined Contribution Planmangojulie
Plan sponsors appear intrigued by the possibility of providing a pension or lifetime income guarantee to DC plan participants. What are the issues relating to successfully providing an in-plan income guarantee for a defined contribution plan, e.g. 401(k).
TLB 326BM 0513 TransExplorer Con_guide_D3Jason Miller
This document describes the TransExplorer Index Universal Life insurance policy from Transamerica Life Bermuda Ltd. It offers potential cash value growth through allocation to an Index Account, which credits interest based on changes to the S&P 500, EURO STOXX 50, and Hang Seng indexes. It provides downside protection through a guaranteed minimum 1% interest rate and a No-Lapse Guarantee for 30 years or to age 75. Premiums above the Required Annual Premium receive a 2% Premium Qualification Credit if paid by the policy anniversary each year for the first 5 years.
Features of a Captive Insurance Strategy CBIZ, Inc.
A captive insurance company allows businesses to minimize risk mitigation costs by recapturing underwriting profits usually earned by commercial insurers. It provides broader coverage than commercial insurance, including risks that are hard to insure. Using a captive insurance strategy can reduce insurance costs by 30-40% by allowing businesses to deduct premiums paid and retain investment income. Captives provide flexibility in coverage options and claims control processes.
The document discusses factors that affect small business insurance costs and types of insurance coverage that are important for small businesses. Some key points:
- Several factors influence insurance costs, including the type of insurance, risk assessment, coverage limits, deductibles, claims history, and safety measures. Higher risk is usually associated with higher costs.
- Important types of insurance for small businesses include general liability, property, business interruption, professional liability, workers' compensation, commercial auto, cyber liability and others depending on business needs.
- General liability protects against third-party claims from injuries or damages. Property insurance covers damage to business property and assets. Workers' compensation covers employee injuries on the job.
Credit insurance common misconceptions and can it be a useful tool finalIgor Zax (Zaks)
Igor Zax, Managing Director of Tenzor Ltd. presented 4-th of November 2014 a webcast “Credit Insurance: Common Misconceptions, and Can it Be a Useful Tool”, hosted by Commercial Finance Association (CFA), the international trade association dedicated to the asset-based lending and factoring industries.
The webcast was attended by major banks, asset based lenders, export credit agencies, insurance brokers and credit insurers
5 Reasons Hired-In Plant & Machinery Insurance is a better option that Damage...Amanda Smith
When hiring plant or machinery, it’s important to understand whether the hire agreement is going to provide cover in the event of any damage to the hired items. The hire agreement should outline the terms and conditions of the hire including what your responsibility is as the ‘hiree’ in the event of loss or damage to the item.
Some hire contracts may provide a damage waiver. This means you pay an additional fee to cover the item whilst on hire. However, many damage waivers provide limited cover, eg Fire & Theft only with no cover for damage whilst the item is in use and some even exclude theft.
This document provides an overview of disability income insurance options for business owners, including:
1) Disability income insurance can help cover operating costs, fund buyouts of partners, and replace lost earnings if a business owner becomes disabled. It can also be provided to employees.
2) Business overhead expense insurance covers everyday business expenses for up to two years if a business owner becomes disabled.
3) Disability buy-sell insurance funds the purchase of a disabled owner's share of the business according to a buy-sell agreement.
4) A qualified sick pay plan allows disability wages to employees to be tax deductible for the business. It can be funded by disability income policies on employees.
This document provides a glossary of terms related to individual health insurance. It defines terms like agent, annual deductible, coinsurance, network providers, pre-existing conditions, and premiums. It also provides contact information for Celtic Insurance Company, an individual health insurance provider. Celtic aims to offer consumers affordable and easy-to-understand insurance plans. The glossary helps explain insurance concepts and Celtic's services.
The document discusses annuities and provides information about whether an annuity is right for retirement planning. It asks questions to consider like whether you are concerned about outliving your income or maintaining your lifestyle in retirement. It also discusses accumulating funds in deferred annuities to help minimize gaps in retirement income. Annuities offer guaranteed lifetime income options to complement other retirement income sources. The document summarizes types of annuities and their tax benefits, as well as features like income options and death benefits that make annuities a valuable part of a diversified retirement portfolio.
JP Morgan Prime Brokerage Perspectives 4Q 2013Brian Shapiro
The document discusses property and casualty reinsurance structures as potential permanent capital solutions for hedge fund managers. It outlines the incentives for both managers and investors, including a perpetual capital source, tax efficiencies, access to broader investor bases, and liquidity. The economics of reinsurance vehicles are then examined, including how they generate revenue from underwriting premiums and investing the float. Several existing publicly-listed alternative reinsurers, such as Greenlight Re and Third Point Re, are overviewed as examples.
1. A Torus
presentation
A new approach to managing
complex risks
2. About the Company
Torus Specialty Insurance Company •Torus is a global specialty insurer.
Torus National Insurance Company
•Local Underwriting, Global Reach: Torus has operations
in 10 countries, with five regional offices in the US.
A.M. Best Rating of A- g (Excellent) •Torus is organized into two core underwriting units: Torus
Group Rating Americas and Torus International, with each providing
Financial Size Category (FSC) of XI* direct insurance for Property, Casualty and Specialty
($750 Million to $1 billion) Lines.
(*effective November 8, 2011)
•Torus specialized ventures include our Bermuda-based
reinsurance team, Lloyd’s Syndicate 1301, and our new
A.M. Best believes the Torus group's consolidated risk- status as a licensed and admitted reinsurer in Brazil.
adjusted capitalization is likely to be maintained at a
strong level, based on performance forecasts and A.M. •Torus offers industry-driven insurance products for
Best's specific insurance start-up criteria. Energy, Construction, Aviation, Space and of course,
Healthcare.
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3. About our investors
25 years specializing in the energy 15 years investing solely in financial
industry services industry
Global platform with $20 billion of New York-based investing in the US,
equity investments Europe, Latin America, Asia and
Central Europe
Investments in over 100 platform
acquisitions Portfolio companies include Axis,
Catlin, Kyobo Life and Sparta
Portfolio companies include Abbot Insurance
Group, Acteon & Dresser
4. A deeper understanding of clients’ risks
Advanced risk More accurate
Transparency
modeling pricing of risk
5. Healthcare Overview
Torus believes that the best healthcare institutions work Torus demonstrates these beliefs by providing risk-transfer
together with insurance providers to assure that safe, tools that truly customize coverage to the needs of your
cost-effective care is provided to patients. institution. Some of the tools we offer for customized
protection are:
We believe that because dollars spent on malpractice
cases are dollars that are not available to provide care Swing Plans/Retrospectively Rated Premium
for patients, we must work to ensure that inevitable
injuries are compensated fairly, not injudiciously. Presumptive Premium Discount
Further, we believe that healthcare institutions should be Retention Buy-downs
provided insurance mechanisms that reward the
provision of the safest, most effective evidence based Split Retentions
medicine reasonably achievable.
Commutation Provisions
Rate Stabilization Endorsements
Fronting Structures
Programs
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6. Healthcare Overview
Swing Plans/Retros Presumptive Premium Discount
Swing plans or “retros” offer many advantages Rather than requiring an insured to wait until year has
for the insured. Organizations that achieve losses passed before adjusting a premium downward for no
significantly better than actuarially predicted losses occurring, the Presumptive Premium Discount
benefit from a premium that rewards low loss endorsement allows the Insured to bind coverage at a
activity. Unlike some of the retrospectively rated reduced premium. Only if a loss occurs, the premium
plans of the past: is adjusted proportionately based upon paid loss
within the Torus layer. If 10% of the Torus limit is
Plans can be structured to have a finite
exhausted by a paid claim, there is an additional
adjustment period
premium charge of 10%.
Premium calculations are simplified.
The premium adjustment is proportional to the
Unlike some dividend plans, you do not have amount of exhausted limit.
to be an Insured five years from now to
This endorsement can be modified so the
receive return premiums
additional premium is used to reinstate the
exhausted limit.
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7. Healthcare Overview
Post Expiration Retention Buy-downs Split Retentions
Torus provides Insureds the ability to buy-down their Retentions are rarely designed to address the
attachment after the policy expires. historical severity arising out a specific location,
procedure or time period. Through account-
An ideal tool to protect against volatility within specific modeling and manuscripted policy
the SIR/captive layer. language, Torus works with Insureds to design
programs that:
Prior to binding, we offer pre-determined cost
and time periods to purchase insurance within Split the retention for OB and Non-OB claims
the Insured’s SIR layer.
Stair-step the retention, so incidents from
The buy-down of the retention can occur different time periods have specific
during or after the policy period. attachments
Allow multi-state risks to schedule different
retentions for each venue
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8. Healthcare Overview
Commutation Provision Rate Stabilization Endorsement
There is a growing interest in reinsurance of lower Torus offers multi-year policies in situations when
layers in captive programs, but Insureds struggle with we can predict the frequency of claims with a
the costs and benefits of retaining less risk. When high level of confidence. In situations where
results appear favorable, a commutation provision claim activity is less predictable, Torus can offer a
allows the Insured/Reinsured to accept returned Rate Stabilization Endorsement.
premium by releasing Torus (the Reinsurer) from future
liabilities. An endorsement that commits to renewal
terms based upon the current rate, terms
The request to commute may occur up to and conditions.
three years after the policy expiration.
The terms remain unless there is a significant
Depending upon the class of business, the change in loss experience, exposure or
returned premium may be up to 40% for the ownership during the policy period.
commutation.
This offer is usually made on multi-year policies
or annual policies with high predictability.
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9. Healthcare Overview
Fronting Structures Program Business
There are several reasons why a facility may need Torus entertains programs for most healthcare-related
admitted or rated paper, even when they retain a casualty and professional lines of insurance. As long as
large portion of the risk. When Insureds need a there is $5M in expected premium volume, we will
“fronting company,” Torus can consider: consider:
Matching deductible programs, where the National or state-specific programs;
Policy’s deductible equals the per-claim limit of
liability. Single or multi-line;
Collateral in the form of a Letter of Credit or In-house or third party claims handling;
114 Trust.
Agency captive participation or 100% Torus.
A funds-withheld structure to alleviate the
need for a Letter of Credit.
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10. Reducing the Cost of Risk
Like the best-in-class providers of medical care, Torus understands the balance between tried-and true
approaches to risk and the need for innovation. In placements where we are the lead insurer, we will
work with you as needed to identify risk consultants who can develop programs that improve your risk
profile…and reduce your total cost of risk.
Our goal is to provide the most appropriate and cost-effective coverage feasible, freeing resources for
your most important mission: maintaining and restoring the health of your community.
11. A Torus
presentation
A new approach to managing
complex risks