Live Insurance News

How to Cover the Cost of Your Life Threatening Illness

November 3, 2013April 19, 2014 Guest Author

Health insurance policies only cover for part of the costs involved in the treatment of serious illnesses like cancer. If you suffer from a terminal illness like this, you can have a hard time looking for ways to fund your medical care and maintain a reasonable standard of living. A life insurance policy is only designed to offer financial security to the family of the holder after he passes away. If you have a serious illness and find a life insurance policy lying around uselessly when you need money right…

Life insurance product for scuba divers now offered

October 16, 2013October 14, 2013 G. Turner

An insurer has just released a type of policy specifically for these underwater adventurers. As adventure sports start to become more popular, the several sectors of the industry, such as life insurance, have responded by coming up with products that are specifically designed for the needs of participants. Now, a new product has been released that targets individuals who enjoy scuba diving. The insurer behind this new product is Lifeline Direct Insurance Services, which often looks to develop products for specific lifestyles. They have observed that there is a need…

Life insurance lacking among middle aged Americans

October 8, 2013January 10, 2014 H. Cutner

Recent research has shown that the struggling economy is holding many back from coverage. According to a recent study, millions of middle aged Americans are choosing not to obtain life insurance as a result of the shaky economy in the country that is creating a lack of stability in their own personal financial situations. Research has indicated that the average American’s savings is sitting at a mere $3,000. Beyond the lack of savings, the economic uncertainty has indicated that an even larger number of people are finding themselves in a…

Insurance fraud charges laid against ex-NFLer

August 5, 2013August 3, 2013 H. Cutner

Byron Frisch is now one of a group of four people who have been charged with this multimillion dollar scam. When four people were charged with having orchestrated a massive, $50 million insurance scam, it wasn’t long before it was revealed that former NFLer Byron Frisch was among them. The charges allege that the ex defensive lineman and his colleagues had been involved in an extensive wire and mail scam. Byron Frisch was a defensive lineman and he and his alleged partners in this scam have been charged with conspiracy…

Life insurance fraud culprits caught faking death

July 29, 2013July 29, 2013 Julie Campbell

A family has been accused of making false claims on a number of policies totaling over $1 million. A former resident of Toronto, Canada, was discovered living in California after having made claims on several life insurance policies in his name half a decade ago, allowing his family to collect. This fraud against the insurers racked up payouts of over $1 million for the individual’s family. The fraudsters took out a number of life insurance policies on the man and then faked his death so that they would be able…