Credit life insurance can protect your loved ones from the burden of what you owe

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In the case of an unexpected death, will you leave financial struggles behind for your family? Recently, there has been a sudden surge in the demand for credit life insurance, and it is believed that the cause is the economy, in combination with rapidly expanding consumer debt, which includes car loans, mortgages, and credit cards. This new coverage product was designed to help people to protect their loved ones against financial burdens. Though the most common form of creditor life insurance – mortgage life policies – have been in existence…

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Italy turns to the insurance industry to help with crippling debt crisis

Italy is on the verge of a financial meltdown, which may have dire ramifications for the global economy. Investors and financial institutions have begun casting doubt on Italy’s ability to survive a financial disaster, and now the government is turning to the insurance industry for help. Italian officials are looking to adopt disaster insurance to help mitigate the impact of a potential economic catastrophe. The country’s debt – more than $2 trillion – could mean that it is beyond rescue, even for the insurance industry. The insurance industry in Europe…

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Euro crisis may be worse than the economic recession of 2008, say insurers

The European financial crisis is showing no sign of slowing down as the European Union continues to look for ways to stop what may soon become the world’s most catastrophic financial calamity. EU regulators have turned to the insurance industry to help find a solution to the crisis, but insurers have been leery of lending any aid, as the countries involved in the crisis are exposed to massive risk. The European Insurance and Occupational Pension Authority has released a statement regarding the crisis, calling it worse than the economic disaster…

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