4 Essential Things to Remember When Buying Life Insurance

life insurance

Whether you’ve already bought life insurance or are in the process of purchasing a plan, you know how important a decision it is. Your life insurance policy is what will help take care of any loved ones you may leave behind. Because of that, you want to spend time deciding which policy is best for you and your family. When looking at a policy, there are many factors that come into play. In fact, there are so many things to remember and questions to ask that it can become overwhelming…

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The Most Common Term Life Insurance Riders

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Life insurance is one of those things that everyone knows they should have but only a precious few of us take the time to go about getting. The immediate benefits of life insurance are obvious; it helps to protect our families and loved ones financially in case the unfortunate should happen, but what many people do not realize is that there are a number of riders that are either included in most insurance policies, or are cheap to add on that provide ample benefits. Below are four of the riders…

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Chronically ill patients can receive patient for life insurance from The Hartford

Chronically ill clients of The Hartford can now benefit from a new patient for life insurance system that has been awarded to the insurer, to advance the death benefit of a policy in order to offer those patients an income. For the first time in the insurance industry, consumers will be able to obtain an income from the LifeAccess Accelerated Benefit Rider® system, which provides chronically ill patients with an income that they can use for whatever they want, including paying family or friends to provide them with home care.…

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Nationwide answers probing questions in Florida

Representatives from Nationwide Mutual Insurance where called upon by Florida officials to testify on how insurers handle life insurance payouts in the state. Several of the state’s insurance companies have been the target of controversy lately after being accused by regulators of holding back payouts. Allegedly, these companies withhold funds despite having full knowledge that a policyholder has passed away. According to regulators, these funds may be being held in safekeeping until they are designated as unclaimed, at which point the insurer is no longer liable for payouts. Nationwide assured…

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The business of fraudulent insurance claims

Today, there are some that make a living specializing only in insurance fraud by submitting doctored up insurance claims. The false claims received may include life insurance, third-party policy, personal damage and car theft.  In many cases, the claim amounts asked for are considerably higher than the injuries, damage or loss that occurred – this can raise a red flag to potential wrong doing. Life insurance fraud is when someone makes false claims about faking an injury or death.  The false documentation used is usually police reports, medical cards, marriage…

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