Life insurance proposal for teachers disliked by regulators

insurance benefits teacher

The officials in Florida have spoken out against the plan, voiding “significant doubts”. Regulators of life insurance in Florida have now stated that they have “significant doubts” regarding an unconventional proposal that has been made by a consulting firm for providing teachers in the state with coverage that would be paid for by investors. The offer had been being considered by the Pasco County School District. The decision of that school district had been waiting on the Florida Office of Insurance Regulation’s opinion on the matter, back in May. Now…

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Utah life insurance scam involved a man murdering his wife

Life Insurance Payment

Conrad Truman has been accused of killing his wife in order to receive her benefits payouts. A man has been charged with a vicious form of Utah life insurance fraud that involved murdering his wife in order to be able to collect on her policy benefits of over $800,000. The man cried over her body in the hospital but was then said to be acting strangely and obstructed justice. After Conrad Truman killed his wife for her Utah life insurance, Heidy, a victim advocate reported that his behavior, attitude, and…

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Life insurance companies changing perspective on cancer survivors

Life Insurance

The industry is discovering that the odds for victims of this disease are improving. Cancer survivors are now finding that it is easier than it has ever been to be able to purchase life insurance, when not very long ago it was considered to be nearly out of the question. Medicine has come a long way and is changing the outlook for survivors of this disease and their coverage options. It wasn’t that long ago that a diagnosis of cancer was the same as a death sentence, but that is…

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Life insurance awareness in Iraq remains low

life insurance awareness in Iraq

Despite the high level of violence in the country, many Iraqi people lack knowledge about the coverage. Even though there are hundreds of Iraqi people who die every month as a result of the violence that still plagues the nation, there remains a lack of awareness regarding life insurance throughout the population. It is believed that the lack of awareness is the primary reason that people are not covering their lives. According to the state-owned Iraq Insurance Company’s general manager, Sadiq Abdul Rahman, who reports directly to the Ministry of…

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5 Ways You Can Save Money With Your Life Insurance

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Life insurance is a life necessity that can be very confusing and intimidating to people. As a result, many end up overpaying for a policy that is more than what they actually need. Following the five tips below can help anyone reduce the cost of life insurance. Quit Smoking Life insurance premiums are always much higher for those who smoke due to the health problems, and possible early death, the habit presents. Quitting smoking will not only improve overall health but also result in lower premiums after one year of…

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Life insurance study shows satisfied claimants

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The results of a recent study have revealed that 95 percent of the people who have made claims are satisfied. According to the outcome of a recent LIMRA survey, additional services offered by life insurance companies, such as coverage coordination and grief counseling are generating a larger amount of business, boosting recommendations, and are enhancing the positive perception of claimants. The study showed that among the beneficiaries of the policies, the vast majority are quite satisfied with the experience. The LIMRA research indicated that 95 percent of life insurance beneficiaries…

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The Most Common Term Life Insurance Riders

insurance benefits teacher

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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