People participate in the Washington pro-Palestine protest on November 4. Getty Images / AFP
People participate in the Washington pro-Palestine protest on November 4. Getty Images / AFP
People participate in the Washington pro-Palestine protest on November 4. Getty Images / AFP
People participate in the Washington pro-Palestine protest on November 4. Getty Images / AFP

Protests, walkouts and sit-ins take place across the US in support of Gaza


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Dozens of student organisations and activist groups across the US are planning to engage in pro-Palestine events on Thursday, as calls for a ceasefire in the Israel-Gaza war grow.

The events, registered on the Shut It Down for Palestine website, include rallies, sit-ins, teach-ins, film screenings and others focused on ending the violence.

“Across the world, millions of people are engaging in demonstrations and organising major marches in solidarity with Palestine,” the website says.

“Our demands for an immediate ceasefire, cutting all aid to Israel and lifting the siege on Gaza have broader support than ever.”

Healthcare workers in Philadelphia, law students in New York and an indigenous organisation in California have registered demonstrations planned for Thursday.

Many of the events have been organised by student groups at universities, which have become a major point for activism in support of Gaza.

Included on the list is a protest outside the State Department in Washington, organised by groups including the Answer Coalition and the Palestinian Youth Movement.

Outside the State Department, a crowd of about 50 protesters chanted slogans including: “No more money for Israel’s slaughter.” Dozens of demonstrators stood in front of the State Department chanting “shame” as employees exited the building.

Also in Washington, the Museum of the Palestinian People will hold a community vigil on Thursday evening commemorating those killed in Gaza.

“Join walkouts, pickets of Israeli embassies and consulates, and pickets of companies profiting from Israeli occupation,” the Answer Coalition wrote on social media platform X, formerly Twitter.

“Be a part of the international call to action!”

The nationwide day of demonstrations takes place days after tens of thousands of people from across the country gathered in Washington to demand a ceasefire.

“We must keep building momentum and increase the pressure with more marches, walkouts, sit-ins and other forms of direct action directed at the political offices, businesses and workplaces that fund, invest and collaborate with Israeli genocide and occupation,” the website states.

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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The specs

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Updated: November 09, 2023, 9:26 PM