Californians received $17.3 million in lost life insurance benefits in 2017 alone

Life insurance benefits - US Money

Residents of the state are being advised to use an official tool to check if they are owed money. In 2017, residents of California received $17.3 million from lost life insurance benefits. This is a striking reminder to Californians to find out whether they might be beneficiaries of lost policies. Everyone who received the money the benefits last year did not realize they were a life insurance beneficiary. Not knowing that you are due life insurance benefits is quite common. This means that many people are due substantial sums of…

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Fitness incentives now included in all John Hancock life insurance policies

John Hancock life insurance - FitBit

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers may pay less for their insurance policies. John Hancock life insurance is among the oldest North American insurers in that market. That said, as much as its company is steeped in tradition, it plans to cease the sale of those traditional policies. Instead,…

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DNA testing kit results may lead to future insurance customer risks

DNA Testing - DNA Resarch

While these tests are becoming highly popular, consumers should understand how the data is used. Purchasing a DNA testing kit to find out more about what genes say about an individual is becoming very popular. However, concerns are growing with regards to how the data will be treated and used, particularly by certain parts of the insurance industry. There are a number of different companies selling these kits, from large to small ones. Some of the DNA testing kit packages simply tell a person about where their ancestors lived in…

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Life insurance benefits that used to be popular among employers are fading away

life insurance benefits employee worker

A recent survey showed that employees are not seeing this type of coverage in their packages as much. While life insurance benefits used to be a standard part of many employer packages for their workers, fewer companies now offer them. This, despite the fact that employees still find the benefit to be an appealing one. The number of people who purchase life policies through group contracts is growing, but employers are stepping back. A new LIMRA survey revealed that there are up to 108 million Americans who currently have life…

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Life insurance scam when husband sends hitman’s instructions to ex-boss

life insurance scam

A man allegedly texted “kill my wife” in a text to the wrong person when he wanted the woman murdered. A Washington man attempted to run a life insurance scam by hiring a hitman to kill his wife but ended up texting the information to the wrong person. The 42 year old father allegedly attempted to text the killer, but sent the message to his former boss, instead. Upon receiving the more-than-concerning text, the ex-boss proceeded to call the police to investigate. The man, Jeff Lytle, was arrested on two…

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Terrorist’s life insurance policy can be seized by US government

US life insurance policy payout ruling

A federal judge has ruled that the payments on the policy of the San Bernardino killer can be taken by the government. A federal judge ruling says the U.S. government can seize the life insurance policy of Syed Rizwan Farook. Farook was one of the extremist terrorists involved in the murders in San Bernardino last year. The murderer purchased life insurance coverage near the time he was planning the terrorist attacks. He and a friend, Enrique Marquez – an extremist Muslim convert – planned terrorist attacks together. He started with…

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Suspicious insurance policy purchases may offer evidence in murder case

life insurance scam criminal crime

A police chief accused of murdering his pregnant fiancée purchased massive amounts of coverage beforehand. In South Dakota, a former police chief has now been accused of the murder of his pregnant fiancée in what had previously appeared to be a hunting accident but that has since turned suspicious when it was discovered that more than one life insurance policy was purchased only a few months ahead of the death. Over $750,000 in life insurance coverage was taken out by the couple months before she died. The man in question,…

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