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Be sure you know what you're doing if you cede a life policy
06 Mar 10, 06:03:01
Be sure you understand all the implications before you cede a life policy as security for a loan, and be particularly aware of how the cession affects the nomination of beneficiaries to the policy.
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Full value of ceded policies lost to widow
06 Mar 10, 06:03:01
If you cede a life assurance policy with an investment value as security for a debt, be aware that the bank may not only call in that security if you die, but also if you cannot repay the debt.
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Economic News
PBMR company CEO resigns
09 Mar 10, 12:03:01
Pebble Bed Modular Reactor (PBMR) Company chief executive Jaco Kriek resigns while general manager nuclear compliance assurance Dr Alex Tsela had been appointed acting chief executive.
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Chevron to shed 2000 jobs this year
09 Mar 10, 06:03:01
Chevron Corp. says it will cut 2 000 jobs this year and will continue reducing its work force through 2011.
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World Economic News
Copenhagen talks enter 'new phase'
15 Dec 09, 04:12:24
Copenhagen climate conference enters a 'new phase' as ministers join in intensive negotiations to deliver an agreement by the end of the week, the president of the meeting says
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Obama presses banks to boost lending
14 Dec 09, 10:12:47
President Obama told the US's top bankers that they had a 'special responsibility' to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancing
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