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Motusbank Online Bank Launches With Low HELOC, Competitive GICs

Motusbank Online Bank Launches With Low HELOC, Competitive GICs

Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca. As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Google Play. App users can check balances, transfer funds, and deposit cheques; Apple Pay and Google Pay, however, are not supported. Statements and other documents are available only on desktop. The main appeal of Motusbank lies in its competitive mortgage rate and simple online application. Fixed-rate mortgages are available with terms ranging from six months to five years; variable-rate mortgages all have five-year terms. The bank is currently advertising a 3.09 percent interest rate for closed fixed-rate mortgages with terms ranging from one year to five years; the same rate also applies to its closed variable-rate mortgages. Given the current crop of online-only banks, which offer many of the same services and advantages, Motusbank is making a direct play for home buyers who are shopping for the lowest rates and don’t want to spend time haggling. For everyday banking, Motusbank offers a no-fee chequing account, with unlimited debit, in-network ATM and e-Transfer...

Nearly Half Of Americans More Likely To Buy Simplified Underwritten Life Insurance

Nearly Half Of Americans More Likely To Buy Simplified Underwritten Life Insurance

Arlington, Va., and Windsor, Conn., April 1, 2019 – Almost half of Americans (47 percent) say they are more likely to buy life insurance using simplified underwriting, which generally means getting coverage more quickly and without a medical exam, versus traditional underwriting approaches, according to new findings from the 2019 Insurance Barometer Study. To broaden their reach and address declining ownership numbers, many life insurers have leveraged advances in technology, like advanced analytics, Big Data and artificial intelligence, to streamline the underwriting process and better meet the needs and preferences of today’s consumers. Since the inception of this study, life insurance ownership has declined from 63 percent in 2011 to 57 percent in 2019. The Insurance Barometer Study tracks the financial perceptions, attitudes and behaviors of consumers in the United States, with an emphasis on life insurance. LIMRA, a not-for-profit research trade association, and Life Happens, a non-profit educational organization, jointly conducted the study. Ease of Simplified Underwriting The current study finds that simplified underwriting may impact a consumer’s likelihood of completing the life insurance purchase. Nearly two thirds (63 percent) of those who are interested in purchasing life insurance through simplified underwriting are drawn to the speed and ease...

Term Life Insurance Market Predicted To Grow At A CAGR Of 3% By 2025

Term Life Insurance Market Predicted To Grow At A CAGR Of 3% By 2025

Term life insuranceislife insurancethat provides coverage at a fixed rate of payments for a limited period of time, the relevant term. In 2017, the global Term Life Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of 3.0% during 2018-2025. This report focuses on the global Term Life Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Term Life Insurance development in United States, Europe and China. The key players covered in this study Allianz AXA Generali Ping An Insurance China Life Insurance Prudential PLC Munich Re Zurich Insurance Nippon Life Insurance Japan Post Holdings Berkshire Hathaway Metlife Manulife Financial CPIC Chubb AIG Aviva Allstate Swiss RE Prudential Financial Travelers AIA Aflac Legal & General Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/global-term-life-insurance-market-size-status-and-forecast-2018-2025-report.html/toc Market segment by Type, the product can be split into Level Term Life Insurance Decreasing Term Life Insurance Market segment by Application, split into Agency Brokers Bancassurance Digital & Direct Channels Market segment by Regions/Countries, this report covers United States Europe China Japan Southeast Asia India Central & South America About ResearchMoz...