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Consumers May Mistakenly Believe Life Insurance Accounts Are FDIC-Insured

August 13th, 2010

The Federal Deposit Insurance Corporation (FDIC) recently revealed concerns that consumers may mistakenly believe their life insurance accounts are FDIC-insured. This concern came in the wake of recent media reports that the life insurance industry may be holding onto money due to beneficiaries rather than issuing them lump sum checks because the interest rates they earn are higher.

Life Insurance Companies Subpoenaed Over Beneficiary Accounts

Recently, New York Attorney General Andrew Cuomo subpoenaed a number of life insurance companies, including Prudential Financial Inc., MetLife, Guardian Life Insurance, New York Life Insurance Co., Genworth Financial Inc., Unum Group and Northwestern Mutual Life Insurance in order to investigate their life insurance policy records.

The normal practice after a policyholder dies is for a life insurer to place money into a retained-asset account, which earns interest that can be withdrawn at any time.

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Flood Insurance May Be The New Norm For Iowans

August 13th, 2010

Iowa officials say recent flooding proves that all Iowans should consider buying flood insurance. “Earlier in the year the lieutenant governor and I were in Clarion to look at flood damage there and the important part that stood out about Clarion is there was not a river nearby,” David Miller, administrator to the Iowa Homeland Security and Emergency Management division, told Radio Iowa. “It wasn’t river flooding. It was flash flooding and runoff.” Miller told all Iowans– regardless of whether they live near a river or not– that they need to be concerned with possible flooding. “What we’re s Read more…

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Foundation for Health Coverage Education

August 11th, 2010

This is an absoultely great site that everyone should take a look at it. If you are someone you knows needs help finding affordable or even free health care coverage the Foundation for Health Coverage Education website is the place to go. The website will guide you through eligibility information and help with searching, state-by-state, for available health care coverage in your area.

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How To Pick Up Term Or Whole Life Insurance

August 9th, 2010

A lot of individuals don’t like having to begin the process of shopping for life insurance. Typically, there are simply so many equivalents accessible that we’re overwhelmed by the sheer quantity of options that we now have to move through prior to discovering the correct policy for our specific needs. Nonetheless just as a journey of a thousand miles begins with one step, the pursuit of the right life coverage begins with one decision. If you find yourself deciding upon a life policy, you are going to have to choose which of these options you prefer: term vs. whole life insurance.

Every particular person is unique and has distinctive requirements, even when it comes to insurance. Where you land within the term vs. Read more…

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Yacht Crew Insurance Offers Round-the-Globe Protection

August 8th, 2010

As you are well aware, healthcare rules and regulations vary from country to country around the world. You may wonder then how people who work at seas, traveling from international port to international port, assure themselves of insurance coverage. The answer is simple – yacht crew insurance.

With yacht crew insurance, also known as marine crew insurance, workers at sea can obtain high quality health coverage without paying unreasonably high costs. Plans are portable, meaning they will be accepted no matter what country you find yourself in. This is extremely important because you do not want to worry about becoming injured and then not being able to get the medical care you need because your policy is too restrictive.

Another benefit of these plans is that they are comprehensive. Read more…

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Don’t Accept a Job Without Health Care Coverage

August 8th, 2010

Getting your hands on affordable health insurance is not an easy feat these days. Between the rising cost of health care and the increases in health insurance premiums, the ability to purchase coverage that doesn’t cost an arm and two legs is nearly impossible.

It’s for this reason that many experts suggest looking for a job that offers health insurance coverage. However, it’s not always easy to know what to do when you have more than one great job offer; one that pays more but offers no coverage and the other paying less but providing good insurance.

What do you think you should do in this situation? Do yo

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