The waiver of premium rider may be included in any life insurance policy you choose to purchase. It simply states that in the event you become disabled while you own your policy…as long as you are disabled for a minimum of 6 months…the life insurance company will waive your premiums for as long as your disability continues. It does not matter how long you are disabled…you will not be required to pay the premiums. Upon recovery you pick up your payments again. You will owe no debt to the insurance company. The cost of the waiver of premium rider is minimal.
Researching term life insurance online should be a comfortable experience. You want to take your time and absorb all the available information. Doing a search for term life insurance online will result in an educated decision as to type of term life and how much you should buy. Here on this site you will find all the information you need.Most people who purchase life insurance choose term life as these policies are easy to understand and are really cheap life insurance policies. When compared to whole life insurance or the even more complex universal life insurance , variable universal life insurance or variable life insurance you will notice a vast difference in premium.
May 1st, 2011Should I Get Term or Permanent Life Insurance?
Deciding what type of life insurance to purchase can be challenging to those who want to make sure they buy the very best coverage for their family. The two main types of coverage to purchase are term and permanent. Which is the best choice for you? Since making the right choice depends on your circumstances, lets take a closer look at how you might decide.
The Difference between Term and Permanent Insurance
First lets take a look the two types of coverage. Term life insurance is a predetermined sum of money people pay to cover their death if occurs during the specified period of time.
April 27th, 201122 States Reach Life Insurance Agreement with Boston Insurer
John Hancock Life Insurance Co. has reached an agreement with nearly two dozen states to settle a dispute over how the Boston insurer pays life insurance policies and annuities. The move comes after 35 states and the District of Columbia audited the company, alleging that it abuses its policies and contracts, not paying properly after a person dies.
John Hancock Mismanaged Beneficiary Funds
The insurance company is required under its contracts to properly pay beneficiaries after a policyholder dies.
– Do you suspect a deceased loved one has a life insurance policy that you cannot locate? We can help.
The Ohio Department of Insurance’s missing life policy search service is a comprehensive search service that assists Ohio residents, and the families of deceased Ohio residents, in locating lost insurance policies purchased in the state. The search identifies the existence of any life insurance policies or annuity contracts purchased in Ohio and issued on the life of, or owned by, a deceased person.
Since its implementation in September of 2009, the missing life policy search service has had 682 valid search requests, and have matched 442 polices with their rightful owners.
A few years ago you purchased your term life insurance policy. You pay a very inexpensive premium. You have enjoyed the security that this policy afforded you over the years. You have recently discovered that a hereditary disease will likely rear its ugly head. Even though your youngest is close to graduation you will still need your life insurance policy as you want to protect your mate in case you should die suddenly. You could try to buy some more term life insurance that would give you a few more years of protection. The problem is that you may not be able to get it because of your recently discovered health problem.
April 24th, 2011SCOR to Acquire Transamerica Re
AEGON N.V. says it plans to sell Transamerica Reinsurance to SCOR S.E. for a total of about $1.4 billion.
Transamerica Re, Charlotte, N.C., generated $102 million in net income in 2010 on $2.2 billion in gross written premiums, and SCOR, Paris, says acquiring it should make it the second biggest life reinsurer in the United States.
The price for Transamerica Re, Charlotte, N.C., would include $912 million in cash and the release of $497 million in capital, according to SCOR.
AEGON, the Hague, Netherlands, hopes to use $1.1 billion in proceeds from the deal to buy core capital securities back from the Dutch State.
April 19th, 2011Fed: Should Insolvent Financial Firms Just Go Bankrupt?
WASHINGTON BUREAU — The Federal Reserve Board is getting ready to look at whether insolvent financial firms should be resolved through the bankruptcy system, rather than through the current regulatory process.
The Fed is asking for comments about the study, which is required by a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Fed is asking for comments while gearing up to conduct two studies relating to the question that are required by provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Members of Congress inserted the provisions because of concerns expressed by some economists, accountants and lawmakers about the possibility that the current laws and rules governing the resolution of troubled financial companies place the burden of paying for a major failure on the taxpayer, rather than on lenders, owners and managers.
The Fed is supposed to work with the administrative office of the U.S.