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Deal between Prudential and AIA collapses

Monday, June 7, 2010

Leading insurance providers Prudential has confirmed that their recent attempt to acquire AIA, the Asia life insurance business of US group AIG (American International Group), has collapsed. The insurance firm, based in the UK said that it has withdrawn from a £24 billion deal to buy AIA after failing in its bid to force AIG to reduce their higher asking price after shareholders revealed concerns over the price and chief executive Tidjane Thiam failed to renegotiate the deal.

AIG made a ... Read full article

Category: Life Insurance

The life insurance product that costs less and pays more

Friday, June 4, 2010

Family Income Benefit (FIB) may sound like a benefit provided by the government but in actual fact it is a little-known life insurance product that can actually cost less and end up paying out more than traditional life insurance policies.

For most people life insurance serves just one purpose and means just one thing, a lump sum that pays out on death. However, FIB policies offer a payout in the form of a tax-free income every year until the policy has run its course.

On avera ... Read full article

Category: Life Insurance
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