Tag: life insurance news

Life insurance companies could use iPhone apps to calculate rates

Julie Campbell
mobile smartphone health life insurance

Speculations are swirling about the use of data from health and fitness applications by insurers. As apps and gadgets focused on health and fitness tracking become increasingly popular, many are beginning to speculate that these tools could provide the life insurance industry with valuable data for determining the rates that they are charging individual consumers. In an idea that is similar to usage based auto insurance, iPhones could measure actual policyholder risk levels. Among the elements that have been introduced to the new mobile operating system from Apple is one…

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Life insurance product from Barclays classed as “simple”

Nordstrom
life insurance news Barclays Bank

Life insurance policy is the first of its kind to be designated as a “simple” product A new life insurance policy being sold by Barclays and underwritten by Aviva has become the first product of its kind to be classified as “simple” by the British Standards Institution. Last year, the Bank of England issued a report regarding the need for simplistic products within the financial services sector. Typically, many insurance products are difficult to understand because of their complex nature. This can make it difficult for people to find the…

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Man pleads guilty to murder in life insurance fraud case

Julie Campbell
Serious Life Insurance Fraud

The individual has admitted to helping a friend kill his wife in order to claim the policy’s benefits. A DNA match in evidence from a murder case has led a man to plead guilty to having helped his friend to kill his wife so that benefits could be claimed on the life insurance policy that had been taken out for her. Initially, Dellendo Campbell had thought that he was not going to be caught for his involvement in the murder. The reason that Campbell believed that he wouldn’t be caught…

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Life insurance premiums will be rising for older vets

H. Cutner
veterans life insurance rates

Veterans who are over a certain age could soon find that their coverage is becoming more costly. According to a statement that has been released by Veterans Affairs Department officials, as of July 1, 2014, older vets will find themselves facing higher life insurance premiums for their Veterans Group Life Insurance policies. The increase will apply only to vets who are aged 70 years and older and it will be for 2.2 percent. This life insurance rate increase is the first one to have been put into place for veterans…

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Life insurance case won by Frankie Valli

Julie Campbell
Frankie Vallie Life Insurance Wowes

A California court overturned a previous decision that the celebrity’s ex-wife would be able to claim the policy. Frankie Valli, celebrity and music legend, has been undergoing an extremely complex and messy divorce, which has involved a considerable case regarding whether or not his ex-wife would be able to claim his life insurance policy. This case looked into a common and very murky part of divorce law in California and how it involves policies. Although it had previously been decided that Randy Valli would be able to receive the full…

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