Annuities double life premiums for some carriers.While premiums collected among Arkansas' health insurers increased only slightly amid the tumult.of managed care and skyrocketing prescription costs last year, life insurance companies found a 1998 bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West among policyholders looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. one more niche in the nation's bull market. Insurance experts say premium dollars traditionally spent on whole-life policies grew exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. as policyholders moved from traditional whole-life plans to annuities, where insureds can become investors in higher-risk/higher-yield mutual funds. "We have seen huge jumps as more and more people are saving in variable life policies for annuities," says Janemarie Mulvey, director of economic research for the American Council American Council may refer to: In linguistics:
"In some cases, contributions to annuities have gone up 60 to 70 percent during the past few years," she says. "Part of that is people now purchasing annuities through their pension plans with IRAs and 401(k)s." In all, the 10 life insurance companies collecting the most premiums in Arkansas during 1998 outpaced the Top 10 from Arkansas Business' 1997 list by 105.7 percent - up from a combined $267.4 million in 1997 in premiums to $550.1 million last year. Metropolitan Life Insurance Co., which offers a greater share of annuity-based products than many of its competitors, replaced Hartford Insurance Co.'s combined life and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. companies as No. 1 on the list. Metropolitan's premiums increased from $33.9 million to $113.2 million - well ahead of the Hartford companies' combined $84.1 million. Contributions accounted for $54.2 million - or 65 cents of every dollar collected in the state by the Hartford companies during 1998. "Life insurance companies are selling more investment programs and have less of a focus on life insurance," says Dave Potter, Hartford Life's public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most manager. "Our market involves people who are already heavily invested in equities. They understand the long-term value of equities, and variable life gives them another opportunity for long-term investment." Teachers Insurance & Annuity Association of America moved near the front of the pack for the first time in 1998, ranking third with $62.9 million in premiums. Annuities Are Driving Force New Jersey-based Prudential Prudential is the name of two different companies and buildings named after them: Companies:
Mulvey said she could not comment on the performance of specific life companies. But she said Prudential is one of the nation's life carriers that focuses less of its business on annuities. The company dropped from seventh to 10th in the Arkansas rankings between 1997 and 1998. The financial fortunes of the health insurance industry were dictated dic·tate v. dic·tat·ed, dic·tat·ing, dic·tates v.tr. 1. To say or read aloud to be recorded or written by another: dictate a letter. 2. a. by major changes in federal health care law and related shifts among the managed care components of major companies. John Shields
Private John Shields (1769–1809), born in Harrisonburg, Virginia was at 34, the second oldest member of the Lewis and Clark Expedition. , who oversees life and health insurance company regulation for the Arkansas Department of Insurance, says rising health care costs - underscored by a 40-percent surge in prescription costs since 1990 - are helping to drive profound changes in the industry. Premiums collected by Arkansas Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , by far the state's largest health insurer, dropped slightly from $449.3 million in 1997 to $449.2 million last year. Premiums for the Top 10 carriers increased 2.6 percent - to $656.3 million from the $643.1 million collected during 1997. |
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