Live Insurance News

Life insurance policy availability for coronavirus coverage may soon shrink

April 3, 2020April 2, 2020 Logan B.

Life insurance policy - person wearing mask using computer

Insurers feel the COVID-19 pandemic comes with too many uncertainties to offer cover. Life insurance policy sales have been spiking since the start of the COVID-19 pandemic, but the availability of this coverage may not continue as it has been. Insurers have been faced with a sudden and dramatic amount of unknown coverage data. Life insurance policy sales are based on the answers to several questions and the use of actuarial tables to determine each applicant’s rates. However, with the addition of the coronavirus pandemic, the factors influencing what an…

What You Need to Know Before Using Your Life Insurance Policy as Collateral

February 5, 2020February 4, 2020 Logan B.

Putting up your life insurance policy as collateral first requires an understanding of what collateral assignment entails. By assigning any asset of yours as loan collateral, you’re legally pledging to give lenders proportional legal ownership of those assets in the event that you default on your loan. Life Insurance as Collateral 101 In short, putting up your life insurance policy as collateral on a loan means that you need to be ready to lose it in the event that you can’t pay your loan back. Before anything else, you need…

Who Can Claim Life Insurance?

January 22, 2020 Guest Author

Life insurance is important because it protects your loved ones in case of your unexpected death. Few people like to consider this possibility, but like most forms of insurance, it’s better to have it and not need it than to need it and not have it. Life insurance can help save your loved ones from funeral expenses, another unexpected crisis, or help them keep the family home. Those listed as beneficiaries on your policy can file a claim, but there may be delays in payouts in certain circumstances. There can be…

True Local Offers Comprehensive Life Insurance Plans That Cover Your Entire Family

October 25, 2019December 4, 2020 PR Article

There’s no telling what the future holds. Should the unthinkable happen, a life insurance plan will ensure that your family and loved ones left behind will be secure and taken care of financially. True Local offers affordable and flexible life insurance plans for everyone. As their website points out, family comes first. Life Insurance gives people the peace of mind knowing that their family and loved ones will be taken care of. True Local offers affordable life insurance for residents of the greater Perth metropolitan area. Their policies are inclusive…

Aging holocaust survivors file lawsuit over Nazi-era life insurance payouts

October 11, 2019October 11, 2019 Marc

Holocaust Survivors - Image of Auschwitz

Surviving beneficiaries have faced a decades-long battle for payments for their murdered relatives. Holocaust survivors have been battling with life insurance companies for years – and sometimes decades – to receive life insurance payouts from policies for which they were beneficiaries. Family members of people murdered by Nazis are seeking payment from the coverage they had on the victims. Holocaust survivors are running out of time in their efforts to recover insurance policies that Nazi-era companies refused to honor. According to the Holocaust Survivors’ Foundation USA, the sum total of…

Brooke Shields places life insurance value into the spotlight

October 4, 2019October 3, 2019 Nordstrom

Life insurance value - Brooke Shields - Life Happens - YouTube

The actress has partnered with Life Happens to spread awareness about coverage accessibility. Last month, Brooke Shields used a partnership with Life Happens to draw attention to life insurance value and accessibility. Last month was life insurance awareness month and this partnership played a central role. Shields partnered with the non-profit to help push forward the message of life insurance value and accessibility. It was a very direct message: that every family can and should buy coverage to ensure their loved ones are protected if the worst should happen. Death,…

Jay Z and Will Smith backed life insurance start-up valued at almost $500 million

August 29, 2019August 29, 2019 Julie Campbell

Life insurance start-up - Robert Downey Jr. visits the Embassy

The company, called Ethos, gained considerable value in a Series C round led by big-name backers. San Francisco-based life insurance start-up, Ethos, has just gained an additional $60 million in funding and is now valued at just about $500 million. Existing investors include such big name celebs as Jay Z, Will Smith and Robert Downey Jr. During its Series C round of funding, the life insurance start-up was highly successful, with a round led by Alphabet’s (parent company of Google) venture arm, GV, as well as Goldman Sachs. Its existing…