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.
Full Article…
— The Clermont County Court of Common Pleas on May 10, 2011 upheld an Ohio Department of Insurance decision to revoke the surety bail bond agent license and the assessment of $105,000 in civil penalties and costs against appellant Debra Henneke, of Cincinnati, Ohio, and prior owner of A-1 Bail Bonds, for violations of Ohio insurance law.
“We are pleased with the affirmative decision of the Clermont County Court of Common Pleas,” Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor said. “Henne
Full Article…
Term life insurance protection. Most people think about buying life insurance when there is a significant change of some sort in their lives. May be you have recently graduated from college and got your first job and you feel you need to buy some life insurance while you are still young. It could be that you are thinking about getting married or you have recently got married. It would be very important to provide some sort of protection for your spouse in case you should die suddenly…may be term life insurance protection.
You possibly are planning an addition to the family or you already have that new baby that you longed for.
Full Article…
WASHINGTON BUREAU — The final version of a new federal “family office” regulation includes a broader definition of the term “family client” than the U.S. Securities and Exchange Commission included in the version originally proposed.
- MORE TO COME -
Searching for a cheap life insurance policy is easier than ever through the help of the internet. This is because numerous reputable and established life insurance providers now have websites where they are able to provide all the information that you need to make an informed decision.
When looking for an affordable life insurance policy over the internet, you need to first make a list of the companies you are most interested in getting your policy from. For this, you may need to do a bit of research so you would be able to know more about the background of the company. It would also be good if you would be checking out the types of policies they are offering. Full Article…
Coventry First is suing an anonymous critic who posted fake tweets, making the company appear to cheer for the death of policyholders. The Fort Washington, Pa.-based secondary life insurance firm filed a lawsuit on Tuesday in Philadelphia federal court, accusing the critic of unfair competition and trademark infringement.
Anonymous Critic Sends Damaging Tweets
Coventry First, which is considered a leading player in the secondary life insurance marketa market in which investors pay individuals for the right to collect on their policiessays the anonymous critic has set up the Twitter account @coventryfirst and is breaking the law by sending damaging tweets.
The tweets consist of messages like horrible weekend no plane crashes and natural disasters are good for business!
Full Article…
No one seems to know how many qualified supplemental executive retirement plans (QSERP) are out there or how the economic downturn affected the plans.
Charles Jeszeck, a director at the U.S. Government Accountability Office (GAO), writes about the lack of information about QSERPs in a QSERP report prepared for members of the U.S.
Full Article…
— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has traveled to Florida to join several state regulators who, working with the National Association of Insurance Commissioners (NAIC), have formed a special task force to help coordinate regulatory investigations involving the claim settlement practices of life insurance companies.
During the past several months, insurance regulators have been investigating a number of large life insurance companies regarding their standard business practices in handling death benefits for life insurance policies. The
Full Article…