Live Insurance News

DNA testing kit results may lead to future insurance customer risks

August 10, 2018August 8, 2018 G. Turner

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…

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

September 19, 2017September 16, 2017 G. Turner

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…

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

February 24, 2017February 22, 2017 Julie Campbell

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…

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

August 15, 2016August 12, 2016 Nordstrom

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…

Suspicious insurance policy purchases may offer evidence in murder case

January 4, 2016January 3, 2016 Julie Campbell

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,…