Monday, August 20, 2007

AAA for New York Life Insurance Co. and New York Life Insurance & Annuity Corp.

Standard & Poor's (NYSE:MHP) Ratings Services on Thursday raised its credit and financial strength ratings for New York Life Insurance Co. and New York Life Insurance & Annuity Corp.
The credit rating agency said the upgrade reflects the companies' top position in the market for life insurance, high earnings and measured risk management.
S&P raised its counterparty credit and financial strength ratings for both companies to 'AAA' from 'AA+.' Companies rated 'AAA' have the highest levels of reliability and stability. The outlook for the insurance companies is 'stable,' according to S&P.

More on cnnmoney.com.

Google goes desi, starts online Hindi software


Now it's time for some non-insurance stuff .. check this out .. looks interesting to me! ... These products comes from namma Bangaluru ;-) ..

The world’s hottest search engine has gone desi. Now you can type in English and get the script in Hindi on Google. You can also search for local content in Hindi and 13 other Indic languages. Engineers at Google have developed software that helps online usage of "Indic" language scripts.

Tuesday, August 7, 2007

Term Insurance vs. Whole life or Permanent Insurance - A Car Analogy

Interesting article ....
Think of a term life insurance policy as leasing a car. When you lease a car you get the benefits of using the car, but when you stop paying you don't have a car anymore. As with term insurance as long as you pay your premiums you get the benefit of the term life insurance policy, but when you stop paying, you no longer have any coverage.