Why Is Stranger-Owned Insurance an Opportunity for Fraud?

Why Is Stranger-Owned Insurance an Opportunity for Fraud?

Investors may be able to receive significant profits through purchasing an elderly or ill individual’s life insurance policy through a life settlement.

They may also benefit through selling variable annuities. Individuals who sell these assets through a stranger-originated transaction, however, may be targeted by fraud, according to the Life Insurance Settlement Association.

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Could My Work Commute Increase My Mortality Risk?

Could My Work Commute Increase My Mortality Risk?

Americans must love to wile away the hours sitting in traffic, pounding their steering wheels and cursing out other drivers while inhaling the lovely aroma of car exhaust—at least judging by the amount of time we spend doing it.

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Is Getting Engaged Time to Think About Life Insurance?

Is Getting Engaged Time to Think About Life Insurance?

About 10 percent of the 2.3 million U.S. couples who will get engaged this year will do so on Valentine’s Day, according to the Diamond Information Center. If you’re among the lucky lovebirds, you’ll have plenty to do before you say “I do,” and that should include purchasing life insurance, insurance experts say.

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Questions to Ask Your Term Life Insurance Agent

Questions to Ask Your Term Life Insurance Agent

Buying life insurance can be confusing at the best of times, but it needn’t be. With a bad economy and newer products available, term life insurance can look particularly attractive if you’re trying to save money – but now more than ever, it’s important to ask your insurance agent the right questions upfront.

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The Great Kidney Caper: Can You Insure Your Individual Body Parts?

The Great Kidney Caper: Can You Insure Your Individual Body Parts?

What do a Newark, N.J.-based mortician, a California-based businessman, and a dentist and his seven mortician-cronies from the East Coast all have in common?

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Top 10 Totally Insane Car Insurance Claims

Top 10 Totally Insane Car Insurance Claims

And then there are the excuses—some lame, some hysterical—that have insurers shaking their heads and rolling over in laughter.

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If I’m Single and Working, Should I Purchase Life Insurance?

If I’m Single and Working, Should I Purchase Life Insurance?

Those who may be the least inclined to have a life insurance could be in the position to benefit the most from the financial security a policy can offer.

A new report “Basic Economic Security Tables for the United States” on family economic security released by the non-profit organization Wider Opportunities for Women (WOW) details the challenges that many Americans face in covering their basic expenses and what type of income it would take to save for their futures.

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What Happens When Life Insurance Benefits Go Unpaid

What Happens When Life Insurance Benefits Go Unpaid

A series of multistate investigations into the insurance industry have revealed that life insurance companies are holding large amounts in unclaimed policies on their books that beneficiaries are likely unaware of. Kevin McCarty, Florida’s insurance commissioner, put the figure at somewhere “north of $1 billion.”

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Does Hepatitis C Keep Me From Getting Life Insurance?

Does Hepatitis C Keep Me From Getting Life Insurance?

Hepatitis C (HEP C, HCV) has surpassed HIV when it comes to fatality rates of adults, according to a recent study by the CDC. One reason is because a smaller amount of blood is needed to infect a person with HCV than HIV.

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