SC lawyer hired hitman to cash in on $10 million life insurance policy for family

Life insurance policy - handing over money

South Carolina attorney Alex Murdaugh arranged for someone to kill him earlier this month. South Carolina lawyer Alex Murdaugh hired a hitman to kill him and make it possible for his child to collect on a $10 million life insurance policy, according to authorities. The scam was an “attempt on his part to do something to protect his child,” said his attorney, Richard Harpootlian. Fifty-three-year-old Murdaugh survived the shooting on September 4. Police said that Murdaugh claimed that he had been shot in the head while he was changing a…

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Michigan Senate adopts Life Insurance Awareness Month resolution

Life Insurance Awareness Month - Michigan Flag

Sponsored by Senator Lana Theis, it recognizes September as a time to learn about the benefits. The Michigan state senate has adopted a Life Insurance Awareness Month resolution sponsored by Senator Lana Theis. The resolution recognizes September as the time for state residents to learn about policies. Michigan’s Senate recognized September as Life Insurance Awareness Month, a time in which residents are encouraged to learn about these policies, their premiums, and the way in which their families may benefit in case the worst should happen. The goal is to help…

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California Supreme Court rules life insurance stoppage requires proper notice

Life Insurance Stoppage ruling California

This decision would restore policy premium payments to thousands of people across the state. The California Supreme Court has ruled that a life insurance grace period and other protections must be provided to consumers in the state before insurers are allowed to cut off coverage due to a missed payment. The ruling could restore life insurance payments to affected customers dating back to 2013. In 2013, the state governor at the time, Jerry Brown, signed a law that had passed without any opposition, ending the previous authority that life insurance…

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Getting Life Insurance for Your Family’s Sake

Getting Life Insurance for Your Family’s Sake

There are all kinds of insurance you can get. Generally, there are no laws stipulating that you get any of them. There are a few exceptions, such as minimal insurance policies you require to drive a car in some states, along with your driver’s license and registration. Because you don’t have a legal requirement to get most insurance types, you can try to get along without them. However, doing so can prove to be disastrous very quickly. For instance, you can injure yourself, and if you don’t have health insurance,…

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Prudential says life insurance is changing due to millennials

Life insurance policy

The global pandemic has influenced that influential generation, creating a notable shift in the market. The events across the last year and a half have caused a considerable change in the life insurance market, and according to Prudential Individual Life Insurance President Salene Hitchcock-Gear, millennials are behind this shift. The pandemic has placed our mortality and its consequences front and center stage. Millennials, who fall between the ages of 22 and 40 years old according to the measure used by Hitchcock-Gear, have been made well aware of the risks associated…

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Does Life Insurance Cover Motorbike Riding

Does Life Insurance Cover Motorbike Riding

Are you a keen motorcyclist and want to get life insurance? Are you wondering whether your family will receive a payout if you have an accident and the worst happens?  According to the Insurance Information Institute, in the event of a traffic accident, fatality in motorbike riders is 29 times higher than for passenger car occupants. It is both a worrying statistic and a solid reason to doubt that insurance companies might turn down your application for life coverage.  So, do insurance companies offer life coverage to motorbike riders? The…

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Financial Aspects You Shouldn’t Delay

Financial Aspects You Shouldn't Delay

The last thing you need after years of faithful toil as an employee is to begin retirement without any means to sustain your lifestyle. Or worse still, begin your retirement in debt.  To avoid such an unfortunate start to your sunset years, get your finances in order now. It’s never too early; if you’ve just secured your first full-time gig, now is the time to begin building a solid financial foundation for your future.  Life Insurance Coverage Life insurance offers you a means to provide for your family when you…

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