Insurance is extremely important and comes in many forms. There is of course house insurance, car insurance, landlord insurance, building insurance, personal belongings insurance and an array of other options.
There are, however, a few more serious options to consider and these come in the form of life insurance and Critical Illness Insurance. Full Article…
Life insurance is all about risks. Life insurance actuaries examine all the statistical data available about a potential individual to calculate the likelihood of their death. This information is then used to determine what kind and how much life insurance one should purchase. The information is also utilized to set the life insurance premiums. For example, smokers are statistically expected to die sooner than would a non-smoker. This means the insurance company would have to pay out sooner on the life insurance policy for the smoker than the non-smoker so as a result a higher life insurance premium is charged. Full Article…
Medically vulnerable individuals enrolled in high-deductible health plans are not at a greater risk for cutting back on necessary health services than non-vulnerable enrollees in high-deductible plans, according to a new study by RAND Corporation,
For the study, researchers analyzed data on more than 360,000 U.S. families enrolled in high-deductible health plans through 59 large employers between 2003 and 2007. In particular, researchers examined how high-deductible plans affected families living in low-income areas and families that had a member with a serious chronic condition.
Key Findings
Some health advocates have expressed concern that high-deductible plans could spur low-income families and people with chronic illnesses to forgo necessary medical care.
Life Insurance Life insurance income. When we think of life insurance we tend to focus on lump sum cash payments upon the death of the insured. Are you aware that there are alternatives? Did you know that the proceeds of your policy can be distributed in income form instead of a lump sum? Yes, life insurance income payments is a viable alternative. Would you prefer to have payments to your loved ones made in the form of an income? I have seen lump sum life insurance payments to beneficiaries put to good use but I also have seen situations where this large payment upon death serves no worthwhile purpose.
WASHINGTON BUREAU — The American Council of Life Insurers (ACLI) is calling for Congress make sure the new Federal Insurance Office (FIO) has enough funding to help U.S. insurers compete in the international insurance marketplace.
House budget cutters have been fighting for smaller government.
The ACLI, Washington, believes the FIO “needs to be fully staffed and funded” to do its job, ACLI General Counsel Gary Hughes said today at an insurance oversight hearing organized by the Insurance, Housing and Community Subcommittee of the House Financial Services Committee.
Despite the existence of a strong state-based insurance regulatory system in the United States, “there is a pressing and immediate need for the FIO to engage in the representation of U.S. nationa Full Article…
Nasdaq has advised Life Partners Holdings Inc. that the company must provide a plan for regaining compliance with Nasdaq filing rules by Aug. 1 or face the possible loss of its listing.
The effect of life insurance after the death of a breadwinner can be interesting to observe. I guess it would be best to first look at the situation without life insurance. A hypothetical example may also help.Jim is age 42, married and has 2 children ages 14 and 16. Jim started a little late as he wanted to prepare for his upcoming family. His wife Alicia is age 38. Jim developed terminal cancer and was quite aware that he didn’t have much longer to live. Alicia Never worked because she felt she wanted to focus on raising the children.
Jim and Alicia were doing quite well. Jim’s income was more than sufficient to live on.
The availability of instant term life insurance quotes on the Internet makes buying life insurance a “walk in the park”. Some companies do take the application online while others send you an agent after you get your quote. This, of course, is assuming you decide you want to see an agent.There are many advantages to doing business this way and some disadvantages as well. Beginning the process online tends to allow you to put pressure on yourself to do what you wanted to do in the first place. This is a good thing. One disadvantage is that people tend to decide on an amount of life insurance without doing sufficient detailed research.