How Family Health History Affects Life Insurance Pricing

How Family Health History Affects Life Insurance Pricing

Family health history affects life insurance pricing because certain characteristics impacting health and longevity are hereditary. Hence, the applicant is asked to provide information about the ages and state of health of parents and brother and sisters if they are living. If deceased, the applicant is asked to provide their ages at death and the causes of death. As the physical build follows family lines so do structural qualities of the heart and other organs….

Read More

Unclaimed Property—The Battle Heats Up as Three Insurers File a Lawsuit against an Auditing Firm and a State

Unclaimed Property—The Battle Heats Up as Three Insurers File a Lawsuit against an Auditing Firm and a State

Verus Financial LLC (Waterbury, CT) audits insurance companies on behalf of state treasurers about unclaimed property held by the companies. Michael Frerichs is the Illinois State Treasurer. United Insurance Company of America (Chicago, IL), Reserve National Insurance Company (Oklahoma City, OK), and Reliable Life Insurance Company (St. Louis, MO) are among several companies in the Kemper group and are referred to here as “Kemper.”On October 26, 2015, Kemper filed a lawsuit in an Illinois state…

Read More

Why Does Family Health History Matter to Your Underwriter?

Why Does Family Health History Matter to Your Underwriter?

Family health history is considered significant because certain characteristics are hereditary. Build follows family lines, and to some extent, so do structural qualities of the heart and other organs. A greater than average susceptibility to infectious diseases may also be inherited. Hence, the applicant is asked to provide information about the ages and state of health of parents and brother and sisters if they are living, or if deceased, their ages at death and the…

Read More