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…

Insurance news made in case of shooting, faked death, and fraud

October 21, 2013October 19, 2013 Julie Campbell

A Florida suspect of attempted murder who is now living in Canada has been declared legally dead. Alex Varga has found himself at the heart extremely curious insurance news headlines in a Florida case in which he was the suspect in a shooting, but where he fled the country until finally making his way to Canada, where he has discovered that his wife – still in Florida – had declared him dead in order to collect on his life policy. Varga will now likely never be tried for the shooting…

Life insurance assets from Swiss Re in U.S. may soon be for sale

October 18, 2013March 1, 2014 G. Turner

The company has announced that it is considering a retreat from the market in the United States. Sources familiar with Swiss Re Ltd. have revealed that it is thinking about putting its Aurora National Life Assurance Co. up for sale as it is drawing back from the American health and life insurance marketplace. This second largest reinsurer in the world is now taking efforts to seek out buyers for the assets. Swiss Re is working alongside Barclays PLC in order to be able to locate buyers for Aurora National as…

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…