CRN is live at Dell EMC World 2017 in Las Vegas. Get all of our coverage of the event, as well content from the Dell EMC World 2017 special issue of CRN, here.
Dell EMC World News
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Dell EMC Bringing Mission-Critical Cloud Power Virtustream Into Channel Program Pat Gelsinger: VMware Opens Up Tech Partners To Expand Cloud Capabilities Virtustream Extends Mission-Critical Cloud Tech To Complex Health Care Applications Michael Dell To Partners: 'Enormous Cross-Selling Opportunities For You' Dell EMC's David Goulden: Modern, Automated Infrastructure Provides The First Step For Cloud Migration Dell EMC Rolls Out 'Flexible Consumption' Rebate For Partners Dell EMC Takes Aim At Cisco With New Open Networking Push |
Dell North America Sales Chief: 'Winning In Both Consumer And Commercial PCs' Is Key Dell EMC World: Michael Dell's 7 Keys To The Future Of Dell Technologies And The IT Industry Dell EMC World: Enterprise Sales Chief Scannell Says Partners Are Booting Competitors, Winning Big Deals Amid Huge Market Opportunity Michael Dell To Partners: 'Enormous Cross-Selling Opportunities For You' Partner Marketing Push: Dell EMC Arms Partners With New MDF Resources Dell EMC Gives Partners The Nod On Commercial PCs With Extension Of Partner-Led Strategy Dell EMC Launches All-Flash Storage Barrage 15 Hot Products Unleashed At Dell EMC World 2017 |
Dell EMC World Special Issue
Dell EMC World: Transformation Titans Map Out Dell EMC's Path To Growth
With the right pieces now in place, Dell EMC's complete-portfolio call to action is being heard loud and clear across the partner ecosystem.
Marius Haas On Why There's 'Zero Debate' About The Value Of Dell EMC's End-To-End Portfolio
Marius Haas believes that when it comes to determining which vendor partner is going to provide you with long-term value creation opportunities, there's no debate that it's Dell EMC.
John Byrne On Partners Pivoting Away From Cisco, HPE, Lenovo, And Selling The Entire Dell EMC Portfolio
John Byrne says that Dell EMC partners are rapidly moving away from competing vendors and aggressively pushing new business opportunities across the entire combined portfolio.
Dell EMC's Cheryl Cook On The Combined Partner Marketing Perspective
Dell EMC's global channel marketing chief Cheryl Cook talks to CRN about the importance of communication when combining the marketing efforts of two massive partner programs.
Chad Sakac On Dell EMC's Push To Turn Hyper-Converged Infrastructure Into A Utility
Dell EMC is putting the 'pedal to the medal' when it comes to hyper-converged infrastructure and is tasking Chad Sakac and his team with making customer transformation as simple as possible for partners.
Jeremy Burton On How Partners Can Take Advantage Of A Combined Dell, EMC
Ahead of Dell EMC World 2017, Jeremy Burton dug into the blockbuster acquisition and how it primes partners to take advantage of the new combined company.
Dell EMC's David Goulden On What It Means To Be The Biggest Player In Storage
Ahead of Dell EMC World 2017, David Goulden talks to CRN about the new combined storage powerhouse and why you won't heard anyone referred to as 'ex-Dell' or 'ex-EMC.'
Power At Every Position: Dell Fills Exec Lineup With Seasoned Channel, Sales Veterans
The new Dell Technologies intends to lean heavily on EMC's channel experts. Here's a rundown of the executives leading Dell Technologies' sales and channel operations.
Dell Adds Systems Integrators To Its IoT Solutions Partner Program
Systems integrators have a 'unique vertical experience,' says a Dell IoT executive, and have expertise in manufacturing, utilities and industrial automation.
Dell EMC Launches First Midmarket-Focused VMAX Solution At Sub-$100K Price Point
The new 250F is 'VMAX for everyone,' says Dell EMC Vice President of Marketing Peter Smails, delivering enterprise capabilities to a new market of midsize customers.
Partners: Cisco And Dell EMC Will 'Inevitably' Hit VCE Architecture And Sales Crossroads
Although Cisco and Dell are playing nice around VCE for now, partners say architectural differences and sales incentives will inevitably lead to a break up.
6 Fun Facts About Dell Technologies You Might Not Know
Ahead of the first Dell EMC World, here are six fun facts about Dell Technologies, including its environmental efforts, sports sponsorships and its high profile in television and movies.
The following questions are representative of the types of questions you will find on the CRCM (Certified Regulatory Compliance Manager) exam.
1. A borrower has a right to rescind a loan agreement in all of the following situations except:
a. A line of credit used for the borrower's business, secured by the borrower's primary dwelling
b. A revolving line of credit secured by the borrower's primary dwelling used to Boost the borrower's home
c. An increase of a line of credit from $5,000 to $10,000 secured by the borrower's primary dwelling
d. A loan to pay off a contract for a deed secured by the borrower's primary dwelling
2. When opening a deposit account online, Regulation E disclosures MUST be provided at the time of account opening or:
a. Before the first EFT occurs
b. Along with the first periodic statement
c. Within three business days of account opening
d. Within three business days of a customer's request for the EFT service
3. The primary responsibility for overseeing a bank’s inherent compliance risk should lie with which of the following?
a. Internal audit
b. Consumers
c. Board of Directors
d. Compliance officer
4. A branch manager finds an unexplained $7,000 cash shortage in Teller #1's cash drawer. Which of the following actions must the bank take?
a. File a Currency Transaction Report (CTR) with the IRS
b. Discharge Teller #1 immediately
c. Send a notice of adverse action to the bank's federal regulator
d. File a Suspicious Activity Report (SAR)
5. A compliance professional recently discovered the bank did not file and disclose an accurate covered agreement, as required by the CRA Sunshine Act. In order to ensure correct reporting in the future, what must be provided?
a. All individual mortgage loans
b. Grants or loans to fulfill CRA activity
c. Non-public or confidential information that will be provided in the public file
d. A copy of the agreement to the regulatory agency 24 months after the end of the term
Answer Key
1. a
2. a
3. c
4. d
5. b
Looking to prepare for the exam? ABA offers CRCM exam Online Prep.
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The recent exam questions that hurt religious sentiments and demeaned women and one writer are unacceptable, said civil-society members, demanding an end to such "anarchy" in the education system.
The questions were prepared for HSC and equivalent examinations.
In a joint statement, signed by 24 eminent citizens, they said a universal, secular and science-based education system has not been established even after 50 years of independence, rather a regressive system has been set up.
People are now talking about whether teachers have the skills to prepare creative questions. "Both teachers and students need to acquire creative skills," they observed.
Pointing to the recent discussions on question papers, they said it is high time to think about the whole education system, not just the competency of those who prepare questions. "The demand of dropping Charles Darwin's evolution theory from the curriculum has also concerned us. This will hinder science study and free thinking. It will push the country backwards, towards communalism," reads the statement.
Among others, the signatories are Pankaj Bhattacharya, president of Oikya NAP; Advocate Sultana Kamal, former adviser to the caretaker government; Ramendu Majumdar, praesidium member of Sammilita Samajik Andolon; Rasheda K Choudhury, former adviser to the caretaker government; Prof Syed Anwar Husain of Dhaka University; and Dr Sarwar Ali, trustee of Liberation War Museum.
Final Verdict
All of the companies on this list represent good options for getting life insurance without a medical exam. All are A+ rated or better for financial strength and have received fewer complaints than expected when averaged over a three-year period. If you don’t need more than $3 million in coverage and are 50 or younger, any company on this list could be a good fit. But if you’re over 50 and looking for a death benefit of more than $1 million, you can rule out Nationwide. If you’re over 60, your only option for high-coverage no-medical-exam life insurance is Penn Mutual. And regardless of your age, Penn Mutual is your only option if you need a death benefit greater than $5 million and don’t want to take an exam.
If you’re looking for term coverage, try Penn Mutual or Pacific Life; for dividends, Penn Mutual or Guardian. If you want free living benefits, look to Nationwide. And if you’d like a wellness plan with your life insurance, John Hancock delivers.
A number of companies offer life insurance policies without requiring a medical exam, but you’ll generally be eligible for the lowest premiums with those that ask thorough health questions on the application.
What type of life insurance does not require a medical exam?
Most any type of policy is eligible for no-exam underwriting. It used to be that if you wanted to skip the exam, only low-coverage insurance policies were available to you. These are still available and sold as burial or funeral insurance, or guaranteed-issue policies. But now, insurers have a number of sophisticated means by which to collect health and other information, so they don’t need to rely on your exam. Plus, it costs them money to administer it and time to receive and review the results. No-exam underwriting allows insurance carriers to issue life policies faster, which is often good for both the customer and the insurer.
So whether you’re looking for term or permanent coverage, a whole life policy or an indexed universal life policy, it’s available somewhere without a medical exam. But not all companies offer no-exam life insurance on all or even any of their policies, so you’ll need to do some research to find one that does. (The companies in the list above are an excellent start.) The one caveat is that not everyone is eligible for no-exam underwriting. If you have health issues that raise red flags for the insurance company, you may be required to undergo a medical screening to complete your application.
Can you borrow money from a no-exam life insurance policy?
Yes, if it's a policy with a cash value. No-exam life insurance policies are just like regular life insurance policies. The only difference is that a medical screening is not required during the application process. Once approved, the policy functions just as it would had you taken an exam. So if you’ve purchased a permanent life insurance policy that builds a cash value, that cash value will be available to you, subject to any surrender period or other standard policy conditions.
How do I choose the best life insurance policy?
Choosing the best life insurance policy for you depends on your life insurance needs. How much coverage do you need? (Ideally, you’ll get enough to pay off your debts and replace your income, at the very least.) How long do you need it for? Your needs may change once your kids are grown and your home is paid off, for instance. The next question to ask is, how much premium can you afford?
The answers to these questions will help you narrow down whether you need term or permanent life insurance coverage. Term life insurance is designed to last for a specific number of years, such as 30, and then expire. Permanent life insurance is designed to last your entire lifetime, and is therefore more expensive than term. You may also want to combine term and permanent policies to have a higher-coverage term policy during your working years or while you’re raising a family, and then a lower-coverage permanent policy that will kick in once the term coverage expires.
Term policies let you choose the length of the term (a 40-year term is the longest we’ve seen), and often provide the option to convert your term coverage to permanent. Permanent policies have a cash value, which may be accessed via withdrawals and loans.
Once you’ve figured out your budget and the general type of coverage you need, you should begin to get quotes from financially stable companies with track records of good customer satisfaction.
If you want a no-exam life insurance policy, it may be helpful to know that most of the 91 companies we reviewed offer some sort of policy that doesn’t require an exam. You’re best off first finding a good company (or a few you like), and then seeing what kind of policy you can get without an exam. This review and our review of the best life insurance companies of 2022 are both good places to start. And be sure to compare multiple quotes for no-exam life insurance because some policies are cheaper than others (depending on the type of no-exam underwriting used).
How We Chose the Best Life Insurance Companies
In order to compile our list of the best no-medical-exam life insurance companies, we developed a comprehensive life insurance methodology. We started off by researching what consumers want from life insurance companies, and for that, we looked to third-party consumer studies, including J.D. Power’s 2021 U.S. Life Insurance New Business Study and the 2021 Insurance Barometer Study, by Life Happens and LIMRA.
With those findings in mind, we gathered more than 50 data points on 91 life insurance companies, including ratings for financial strength, customer satisfaction, and customer complaints, as well as information about years in business, online tools, no-exam options, dividends, maximum issue ages, and available riders.
Our review process gave preference to companies with solid financials, few customer complaints, high no-exam coverage amounts available, high-issue ages for no-exam coverage, and a broad product portfolio. Companies received ratings boosts for online resources, including online quotes and live chat, and included living benefit riders. We ranked each company according to the following categories and weights.
- 28%: No-med-exam availability and features
- 20% Policy types and features
- 15%: Financial stability
- 15%: Customer satisfaction
- 13%: Ease of application
- 9%: Online resources
To finalize our list, we compared individual offerings between top companies by considering ratings from third parties such as AM Best and J.D. Power, and delving deeper into product specifics—including cost and the availability of dividends. We used this research to determine the best no-medical-exam life insurance companies.
