Live Insurance News

Teachers in Florida offered free life insurance

May 8, 2014May 6, 2014 Logan B.

Unusual offer could give teachers in Florida insurance protection Thousands of teachers in Pasco County, Florida, recently received an offer that may be too good to be true. The teachers were offered a chance to receive life insurance for free with policies being paid for by the Pollock Financial Group. The group has offered to match teachers with wealthy investors that are looking for lucrative ways to invest their funds. For many teachers, the offer seems to be too altruistic, and this has raised concerns among Florida’s insurance regulators as…

Life insurance companies do not prefer e-cigarettes

April 24, 2014April 24, 2014 Julie Campbell

The tobacco free options may seem to be healthier but insurers are not seeing them that way. While electronic cigarettes may be designed to mirror the smoking experience while removing the carbon monoxide, tar, and other chemicals and toxins that make tobacco one of the top cancer causers, life insurance companies continue to consider their users in the same way that they would a smoker of a traditional cigarette. Many smokers have been trying to use e-cigarettes to break their nicotine addictions. Quitting smoking is not an easy feat. Life…

Zombie insurance regulators attack the “walking dead”

April 2, 2014April 12, 2014 Julie Campbell

Just as the popular AMC television series closes its fourth season, its coverage equivalent is now under attack. Zombie insurance has been making headlines, not because it has any relation to the popular post-apocalyptic horror drama from AMC, or the “walking dead” that has given the show its name. Instead, it is central to insurance news as consumers and regulators combat pricing discrepancies. The Financial Conduct Authority (FCA) in the United Kingdom has indicated that while new customers are being offered better deals, loyal policyholders who have been paying premiums…

Life insurance companies discriminate against marijuana users

April 1, 2014March 29, 2014 Julie Campbell

A newly published report suggests that insurers require these consumers to pay more for policies. A website that provides consumers with life insurance quotes has now released a new report that suggests that people who use marijuana will usually have to pay more for their policies than people who do not. The report is drawing industry attention from both insurers, agents, and consumers alike. This recent news was published under the title “Marijuana Users Discriminated Against by Life Insurance Companies.” It was released on the LifeAnt website and explained that…

Life insurance mystery develops with record breaking policy

March 17, 2014March 15, 2014 Julie Campbell

An unknown billionaire has now purchased the most expensive coverage on record. A billionaire from Silicon Valley whose name has not been released has now set a new level in the Guinness Book of World Records, for the most valuable life insurance policy that has ever been purchased. The coverage is for $201 million and it is being provided by 19 different insurers for massive premiums. This life insurance policy will require the mystery billionaire to have to pay millions of dollars in premiums every year. The policy itself was…