Tag: life insurance benefits

Life insurance companies are the focus of a new law in Montana

Life Insurance News

A new bill has just been signed by the state governor that requires firms to search for beneficiaries. Governor Steve Bullock has just signed a new Montana bill that will require that life insurance companies always search for policy beneficiaries when the policyholder has died. This is the case even when there have not been any claims submitted following the policyholder’s death. The bill was created as a response to a number of settlement agreements that have been made across the country in which life insurance companies had been charged…

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Life insurance benefits worth $665 million unclaimed in New York

H. Cutner
Governor Andrew Cuomo life insurance new york

Over 89,000 people across the United States will be receiving their portion of the total amount. Nearly 90,000 people throughout the country will be receiving their due portions of a total of more than $665 million in life insurance benefits to which they had no idea they were entitled. The governor of the state has said that these benefits payments are the outcome of a new law. Governor Andrew Cuomo announced that the life insurance payments have come from a law that was signed in 2012, which requires insurers to…

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Life insurance maintains its importance in families with dependents

Life Insurance buying tips

The protection provided by this coverage is still an important element of financial planning. Despite the changes in the life insurance industry and the economy that continues to struggle, the coverage is maintaining its value for families that depend on the income of the policyholder. These policies provide families with a way to replace income that suddenly ceases if the earner should die. In order to take full advantage of life insurance, families should discuss the topic and make certain that they choose the form of the coverage that is…

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Life insurance dispute to be settled as AIG agrees to pay over $300 million

AIG Insurance Industry Marketing

This money will go to the U.S. states involved in the massive disputes. According to the finance office in California, American International Group (AIG) will be making payouts totaling over $300 million in order to settle a dispute with several different states regarding unclaimed life insurance payments. The payment will be split among 39 different U.S. states as well as Washington D.C. This single agreement regarding property that remained unclaimed from AIG will require the life insurance company to pay more than $300 million that is owed on a tremendous…

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Life insurance study reveals perceived value of the coverage

Auto Insurance survey

Americans think highly of the benefits, but feel that there is notable room for improvement. A recent survey has shown that American workers place a high value on the benefits they can receive from life insurance, but that there is a great deal of room to improve the way that the system and coverage works. This workplace benefits study was performed by an insurer in the industry. The Guardian Workplace Benefits Study was conducted by Guardian Life Insurance Co. of America. It is meant to identify the value that workers…

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