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Sagicor Life Insurance Co. has an agreement to buy the policies and clients of PEMCO Life Insurance Co. from its parent company in Washington State as the latter firm exists the life insurance market.

Tampa-based Sagicor is buying about 10,000 term and whole life policies, along with about 7,500 clients, from PEMCO Mutual Insurance Co., a Washington State-based company.

The transaction, whose financial terms were not disclosed, is subject to approval by the Office of the Insurance Commissioner of the State of Washington.

PEMCO decided to exit the life business to concentrate on its core business of personal lines, property-casualty insurance, Sagicor officials said in a statement announcing the deal.

Sagicor, a wholly owned subsidiary of Sagicor Financial Corp.

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As many industry experts acknowledge, the Internet is one of the best places to find comprehensive information about life insurance.  It can also be the easiest and fastest method of obtaining  term life insurance quotes from competing insurance companies.  However, unless you know what to look for and know how to navigate your way through seemingly endless pages of competing websites, your search can wind up with you navigating away from your search, leaving you frustrated with the process and without a new life insurance policy in hand.

It doesnt have to end that way. The following information should clear up any confusion you might have encountered in your search for life insurance quotes. We

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Today marks the first day the Supreme Court will examine the health care reform, officially known as the Patient Protection and Affordable Care Act. More than two years after the act was signed into law, President Obama and supporters are pushing to prove that a portion of the law requiring the purchase of health coverage is constitutional.

Health Care Reform Mandate Receives Scrutiny

Opponents of the law argue that requiring the purchase of health insurance is unconstitutional, because it allows the government to interfere with the commerce clause.

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Nearly half of the people who bought individual critical illness insurance policies last year were younger than age 45, according to a new report.

Exactly 49% of men and 46% of women who purchased policies in 2011 were under 45 years old, according to the 2012 Critical Illness Insurance Buyer Study conducted by the American Association for Critical Illness Insurance (AACII) and General Re Life Corp.

Researchers analyzed data from 10 critical illness insurers, which accounted for more than 57,200 purchasers of individual critical illness insurance policies made in 2011.

While the majority of critical illness insurance sales continue to be made in the worksite setting, sales to individuals are increasing as awareness grows, explains Jesse Slome, AACII executive director.

Exactly 18% of male buyers and 17% of female buyers were between the ages of 25 and 34.

Fewer than one in 10 buyers were age 25 or less and just over one in five buyers were age 55 or older.   This year’s study found that buying ages for men and women were more closely aligned compared to last year, said Stephen Rowley, vice president for Gen Re, in a statement.

Critical illness insurance pays a tax-free, lump-sum cash benefit generally upon diagnosis of a covered critical illness such as cancer, heart attack or stroke.

Sold in 54 countries worldwide, the first policies became available in the United States around 1996 and today more than 1 million individuals have such protection in the U.S.

Buying health insurance can be a tedious task for those who arent familiar with various health plan or coverage. This is why the American Institute for Preventive Medicine has designated February as National Wise Health Consumer Montha time to educate people about how to make important health care decisions.

If you are preparing to purchase your own coverage, or just want to learn more, now is the time to jump on board and get educated!

What is National Wise Health Consumer Month?

National Wise Health Consumer Month was established by the American Institute for Preventive Medicine in an effort to give more visibility to the importance of taking care of your own medical needs.

Employers typically use this month to teach workers the basics of being wise health consumers by encouraging better health practices, but individual insurance seekers can benefit from this knowledge as well.

The AIPM stresses the importance of self-care during this month.

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State insurance regulators are touting the $17 million settlement they negotiated with Prudential in January as “an important step” in getting life insurers to cough up the estimated $1 billion they owe to life insurance beneficiaries. It’s a step, all right, but in the wrong direction.

This settlement gives the states which sign on – seven so far, including California – a small amount of money, but even that pittance will ultimately be divided by at least 20 states, the number which need to sign on for the deal to be approved. And s

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The life insurance application activity for last year finished slightly above the 2010 level, spurred in part by 5.8% year-over-year growth in December.

The 0.2% annual growth marked the first year of growth in three years, according to the MIB Life Index, whose researchers said in a statement that the results for the year show “marked resilience.”

In 2010, individually underwritten life insurance application activity fell 1.2%, while in 2009, the year-end results were down 0.2%.

Last years application activity by quarter showed losses improving slightly in the first three quarters, but boosted significantly with the 2.5% gain in the fourth quarter.

The Index has lost more than 4% since 2007 but the pace of decline has lessened, 2011 is slightly positive and a strong fourth quarter is cause for optimism as we look toward 2012, states Lee Oliphant, MIBs chief executive officer, in a statement. We b

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