5 Life Insurance Policies You Should Consider (That Aren’t Term)

Life Insurance

Looking for life insurance? Purchasing a life insurance plan is one of the best ways to secure your family’s well being, providing you with peace of mind along the way. There’s no shortage of plans promising low premiums and strong benefits, but knowing what all options are out there and which to choose can be challenging. Read on as I unpack 5 life insurance policies that aren’t term, and see if one of them might be suitable for you. #1 Whole Life Policy Here’s the gist of a whole life…

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Thousands in Arkansas fear lost health insurance benefits under new rules

Health Insurance Benefits - Time For Change - chalkboard

Medicaid changes in Republican led states are often aligning with Trump’s efforts to dismantle Obamacare. One state at a time, health insurance benefits are changing for those reliant on Medicaid and whose governors are Republican. As the GOP works to take Obamacare apart, many states now have stricter Medicaid regulations. Arkansas has become the first state to push the new health insurance benefits rule. It will require state residents to have to provide proof of their employment or volunteer status in order to keep their Medicaid coverage. As the law…

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4th of July accidents expected to spike again this year, says auto insurance industry

4th of July Accidents - Highway Car Crash

The Insurance Institute of Highway Safety cautions that summer driving is often deadly. The Insurance Institute of Highway Safety (IIHS) has cautioned drivers about the dangers of 4th of July accidents. In fact, its data shows there are more car crashes on Independence Day than any other day of the year. The IIHS has based this information on fatal crash data from the last five years. The largest contributors to 4th of July accidents are motorcycles and alcohol, says the IIHS. The institute’s five year study determined that every year…

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Nevada drivers now have new auto insurance liability requirements

Auto insurance liability - Driver

Motorists whose existing policies do not meet these new levels will need to purchase new coverage. Nevada drivers will need to make sure they meet the new auto insurance liability requirements in the state. They have until July 1 to purchase coverage with limits of at least 25/50/20. Some policies will already provide the minimum coverage but drivers are encouraged to check. It has been a long time since drivers in Nevada have had to change their auto insurance liability coverage. For many decades, the minimum requirement had been $15,000…

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California home insurance is harder to get with each new climate-related disaster

California home insurance - Home in California

Insurers take wildfires, high tide flooding and other issues into consideration before selling a policy. California home insurance is becoming increasingly challenging to find for many homeowners affected by climate-related disasters. Insurers are using climate science to estimate the risk associated with a property when it comes to a number of different perils. Insurers are no longer assuming that homes that were once in low-risk areas continue to be so. The last few years have shown that homes never affected by climate-related disasters are not immune to those events. High…

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Walgreens insurance denial places it at risk of lawsuit over death, court says

Insurance Denial - Bottle of Pills

The pharmacy insists that it was not obligated to contact the doctor of a woman who then died. The Massachusetts Supreme Judicial Court has ruled that the family of a woman who died has the right to sue Walgreens. This court case will question whether or not a pharmacy is obligated to assist a patient in being certain his or her insurance will provide prescription coverage. The case involves a Massachusetts woman who had epilepsy and required a drug to control her seizures. Yarushka Rivera’s epilepsy required her to take…

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Blockchain insurance technology goes live through EY’s Maritime

Blockchian Insurance Technology - Cryptocurrency - Ocean

A new pilot is underway to use the tech most often associated with cryptocurrencies for new uses. A number of companies are working together on a blockchain insurance technology pilot program. The idea is to trial the platform for the global shipping industry. The tech has now gone live and has started being used for commercial purposes through the pilot. The new blockchain insurance technology platform is called “Insurwave.” The Earnst & Young professional services firm worked with the Guardtime software company on this project. The platform was created using…

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Cyber insurance providers may face greater risk than natural disasters

Cyber insurance providers - cyber attack - internet - online - Hacker

Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane. It took a number of years for cyber insurance providers to be taken seriously. However, with the rising frequency and cost associated with high-profile and widespread attacks, that situation is changing. Insurance policies against hacking and data breaches are becoming the standard among large businesses. A recent PYMNTS report outlined the rising trend toward this type of coverage. Moreover, it pointed out that, moving forward, cyber insurance providers will face major risks. They…

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Toothbrush startup acquires dental insurance company for total tooth care

Dental Insurance Company - Toothbrush and Dental Tools

Quip has announced its intentions to purchase Afora, taking the next step in its unique business model. Electric toothbrush startup, Quip, is acquiring Afora, a dental insurance company. Quip first started selling its toothbrushes online back in 2015. It has, since that time, built a substantial consumer network. The toothbrush company offers subscriptions for direct-to-consumer personal care products. As popular as its toothbrushes have become, Quip is lining up to become more than a toothbrush brand. Instead, it is expanding to be able to become a dental insurance company, too.…

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Pedestrian deaths are becoming explosively more commonplace

Pedestrian deaths - Police Car - Police Tape - Accident

An Insurance Institute for Highway Safety report shows a spike of 46 percent in pedestrians killed. Pedestrian deaths have now risen to their highest point in 28 years, according to a new Insurance Institute for Highway Safety (IIHS) report. The IIHS report showed that the more the U.S. increases its arterial roadway use, the more people are killed. Arterial roadways in urban-suburban areas saw a 50 percent spike in deaths at non-intersections. The IIHS report also showed that there was a 56 percent increase in pedestrian deaths when it was…

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