Life Insurance

Policy holders of Equitable Life are still reeling from David Cameron’s announcement that they would only be receiving back a mere quarter of of the money they have lost. Both Conservative and Liberal Democrats used compensation for the company’s policyholders as an election platform. Many are accusing Cameron of falsely raising hopes of over...
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On January 20, 2011, California Federal District Court Judge, A. Howard Matz, ruled against Conseco Life Insurance in a class-action lawsuit. The lawyers for the plaintiffs said that Conseco’s plan to raise rates would have tripled policy rates for over 50,000 customers, most of which are elderly Americans. The suit against Conseco involved Valuelife...
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When David Cameron of Equitable Life raised the hopes of over one million policy holders when he promised to “sort out” the company in opposition and then to pay only limited payments that were agreed upon by the last government, he raised their hopes in a cynical way that is now coming back to...
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In the current economic climate, there are some prognosticators who are concerned the nation may be on the cusp of entering a long-run deflationary period. Life insurance policies and the companies that administer them are particularly vulnerable to struggle in deflationary environments. Insurers write policies using actuarial data which considers the life expectancies of...
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Life insurance in the US appears to be doing quite well in terms of economic success. According to the Standard & Poor’s Ratings Service, the outlook for this sector of the market appears to be stabilizing. The rating organization said that the entire industry appears to be doing much better in terms of improving...
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Recent moves by insurance companies, to seek double-digit rate increases in New York, Connecticut and Washington State are prompting some Republicans to point an accusing finger at the new health care law passed by the Obama Administration earlier this year. However, many within the industry, as well as regulators and health care experts insist...
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Carrying life insurance is critical to protecting your loved ones who depend on you to support them if they do not have the means to support themselves. Life insurance can help provide immediate cash to pay for your funeral expenses, income taxes, estate taxes, and even pay off your debts. Not everyone may need...
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In response to a question submitted by the U.S. Court of Appeals, the New York Court of Appeals has ruled that reassigning insurance benefits to those who are not relatives of the policyholder is permissible, regardless of the policyholder’s intent in taking such action. Writing for a 5-2 majority, Judge Carmen Beauchamp Ciparick stated...
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LIMRA has recently reported that life insurance ownership has reached an all time low, dropping to its lowest rates in half a century. Due to economic hardships, many people are dropping this valuable coverage, even though it is an essential part to a family’s financial planning. Why is this happening? Life insurance is not...
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Premiums taken in by the life insurance industry rose by 23 percent as of September of 2010 in comparison to the same period during the year prior. The news was reported by the Life Insurance Council, which is the official representative organization of life insurers in the country. The reason for the increase in...
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