Calling on Health Insurers to Drop Fast-Food Stock TIME (blog)
16.04.10
While some of the insurance companies have disputed the accuracy of these figures, the researchers found that U.S.-based insurance providers Prudential Financial, Massachusetts Mutual and Northwestern Mutual owned $355.5 million, $366 million and $422 million respectively in fast-food stock as of last June, with Northwestern Mutual representing the largest fast-food stock holding of any insurance company included in the study. ING, the insurance provider based in the Netherlands, held $406.1 million in these stocks. Canadian insurance provider Manulife held $146.1 million worth of fast-food stock. Those numbers, according to the study, were based on data from Yahoo! Finance from June 11 of last year.
The study authors argue that these findings show a disconcerting disregard among insurance companies for the a growing understanding of how the fast food industry is "increasingly understood to negatively impact public health." Though they concede that fast food products can
Source:
New Jersey Trenton NJ manulife critical illness insurance
Making a financial arrangement for when you may have you’re sick that prevents you from living a regular life or is life threatening is not the easiest thing in the world but critical illness cover covers this very real eventuality. Although we are happy to sit with our cup of coffee and a pastry costing 5 bucks each day and in some way rationalize that it is a necessity, but not spend the few bucks a week it would cost to protect our monetary resources and our loved ones health, should we ever need to.
As the bulk of health insurance products now cover common illnesses and given the statistical probability that you will be critically ill at some point, it is a good thing to have. The number of men who, before they retire, will suffer from a critical illness is an astonishing twenty percent according to figures published from recent study. For ladies, this figure is slightly lower with only one in six being impacted by a critical illness before retirement.
Perhaps one of the primary causes for individuals not having health cover is a failure to realize the probability of becoming seriously ill. Although critical illness protection is taken out for many reasons, the bulk of individuals use it to safeguard their mortgage. To enable continued payment of a mortgage repayments, most mortgages can be set up to include protection policies that have critical illness cover in addition to life cover.
To make things simpler for someone who wants to take out critical illness insurance, a growing number of individuals begin to start purchasing products online. Regrettably, being a comparatively new service, there are new problems that occur as more companies start offering services over the World Wide Web for the first time. The reason for this lies in the fact that most critical illness cover providers ask for their applicants to undergo an independent medical exam prior to the policy being issued in an effort to stop any possible fraudulent claims in the future. Strangely, even though this sounds as if it is to the benefit of the insurance company, it also benefits the claimant as they will not want to have problems if they make a claim on their insurance policy at some stage.
...
Read more...
Morningstar CanadaTwo yeas, one nay, for financial services stocksLtd. Harrison and Thomson each made a case for investing in both Canadian banks and Canadian life insurance companies. Their current favourites are the same two names: Canadian Imperial Bank of Commerce (CM/TSX) and Manulife Financial Corp. (MFC/TSX).
