Live Insurance News

State Farm rolls out its new life insurance app for its customers

September 19, 2023September 18, 2023 H. Cutner

Life Insurance Person using mobile phone

The Life Enhanced application was developed to help provide customers with personalized guidance. State Farm recently announced that it has rolled out a new life insurance app called Life Enhanced, which uses technology to provide customers with simple, personalized guidance and motivation. The application provides customers with a range of information, resources and tools. Life insurance customers at State Farm can use the app to set wellness goals, learn about a range of wellbeing topics, and discover ways to maintain a healthy and active lifestyle. It has become increasingly popular…

Understanding the Role of Life Insurance Agents: A Comprehensive Overview

July 25, 2023 Guest Author

Navigating Life’s Uncertainties: The Critical Role of Life Insurance Agents Life insurance is a complex and often misunderstood financial product. At its core, life insurance offers a safety net, protecting policyholders and their loved ones from financial hardship in the wake of unexpected events. As such, the role of a life insurance agent is paramount in guiding individuals through these complexities and uncertainties, offering personalized advice and peace of mind. This article delves into the key aspects of the life insurance agent’s role and the unique value they bring to…

How Whole Life Insurance Can Support Your Retirement Goals

June 26, 2023 G. Turner

When you, as a young working individual, think of retirement, what do you envision? A life where you no longer have to work and can simply enjoy all the comforts of home and family? Or maybe you see yourself exploring the world? The opportunities are endless, at least for you who’s yet to retire. However, the reality for those who have already bid farewell to their professional lives and entered retirement is completely different. A recent Allianz poll shows that 61 percent of Americans worry more about running out of…

Prudential life insurance claims illegally denied says Department of Labor

April 25, 2023April 24, 2023 H. Cutner

Over 200 claims were denied by the insurer, even though it had been collecting premiums. The US Department of Labor has accused Prudential Financial of illegally denying over 200 life insurance claims, even after the insurer had continued to collect premiums from the policyholder. This is only the most recent instance of a rash of insurers denying claims customers have paid for. A number of life insurance companies have been found to be denying claims made on policies that have been paid into for years. Many employers include supplemental life…

Lisa Marie Presley had a $35 million life insurance policy when she died

February 1, 2023January 31, 2023 Marc

Tabloids have been speculating about family turmoil regarding the policy’s multimillion dollar payout. Though news reports have focused on the many millions of dollars in debt Lisa Marie Presley was facing by the end of her life, it seems that she was also covered by a $35 million life insurance policy worth $35 million. According to media reports, Lisa Marie Presley had taken out two separate policies. The media reports have indicated that the life insurance policies Lisa Marie Presley had taken out were for $25 million and for $10…