Live Insurance News

3 Large Life Purchases That Require Forethought

June 17, 2021June 17, 2021 Guest Author

Even the things in life that are assumed still require some forethought. Often thinking ahead is something that can also enrich your overall experience since you have given yourself and anyone else involved time to weigh pros and cons, and also save money if needed. Acting on impulse can be exciting sometimes but for some of life’s larger events you might have regret if you simply act on adrenaline. Like anything, finding a balance between impulse and planning is going to yield results that suit your bigger picture as well…

Strategic Wealth Management is an Insurance Policy for Old Age

June 16, 2021 Guest Author

With more people living longer and healthier than ever before, it is highly recommended that you have a clear financial plan for your retirement years. Worldwide there are 901 million people over the age of 60, and most of these people will live healthy lives. The odds, and the natural cycle of life, mean that you too will join this age group at some point and thus should be prepared. It is the underlying premise of all insurance and perhaps the most pressing pre-planning that many will need to do.…

Lemonade insurance accused of discrimination from its AI comments

June 1, 2021May 31, 2021 H. Cutner

The popular insuretech faced backlash from social media users in response to a tweet. Last week, Lemonade insurance company tweeted that its AI technology could “pick up on non-verbal cues” in the analysis of videos its policyholders submit to explain their claim details. Social media users quickly spotted the tweet and asked whether the AI would spot certain minorities. The Twitter users asked Lemonade insurance whether that AI technology would flag people from minority backgrounds or individuals with conditions such as autism. Later that week in a Forbes report, the…

How to Choose the Right Life Insurance Type for You

May 21, 2021 Guest Author

There are many types of life insurance out there, but it is not as difficult as you might think. You can choose from whole life and term life, and the different variations on those. Term is often good for a set amount of time, and it then expires. But whole life goes for your entire life, as long as you keep making the payments. There are benefits and drawbacks of each one. Adding to Your Coverage Term life insurance is a relatively new kind of insurance available. You may wonder…

Choosing an Insurance Agency

May 6, 2021May 7, 2021 Guest Author

Insurance is something most people forget about until they are in a situation where they really need it. But, being insured is crucial to help protect the valuable things in your life. Some insurance is a necessity, such as personal auto insurance. However, insurance for other belongings such as jewelry and home contents is often overlooked. One thing that puts many people off becoming insured is not knowing what insurance they need and how to get the best deal. This is why using an insurance agency such as Barouh Insurance…

Allstate sells off the last of its life insurance business

March 31, 2021March 30, 2021 G. Turner

Life insurance business - sale - business deal

The insurer from Northbrook, Illinois is taking steps for a final exit from that industry sector. Allstate has decided to make a complete departure from the life insurance business, selling off the rest of what remained of its shrunken coverage unit. The giant announced that it had come to a deal with Wilton Re to sell the rest of the life unit. To close this deal, Allstate chose to book a $4 billion loss in the first quarter. In it, the company has sold the last of its life insurance…

7 Types of Insurance Every Millennial Must Consider

March 19, 2021March 19, 2021 Guest Author

Millennials insurance that they are buying

If you were born between 1978 and 1999, you are classified as a millennial. The millennial generation is regarded as one of the most financially conservative generations since they are careful when it comes to investing and saving. Therefore, it’s surprising to look at the fact that a vast majority of individuals between 18 and 39 are underinsured. Here are 8 types of insurance plans millennials should consider: 1 Life Insurance Life insurance isn’t something that only the wealthy need. Depending on your particular situation, perhaps, you need it as…

Category: Life Insurance