Blindness, Glaucoma and Life Insurance Underwriters

Blindness, Glaucoma and Life Insurance Underwriters

Glaucoma affects over 60 million people worldwide and is one of the leading causes of blindness, so how do insurance underwriters evaluate the conditions and premium considerations when they make their decisions? Here are the facts from the National Eye Institute: · Glaucoma tends to run in families · A person can have glaucoma and not know it · People over age 60 are more likely to get glaucoma · People with glaucoma usually do…

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Phishing Schemes Target Seniors

Phishing Schemes Target Seniors

If you’re a senior, there’s an army of criminals targeting you and estimates from the Federal Trade Commission say one in five seniors fall victim to their fraud operations. The scams come in a variety of flavors. Using “social engineering” methods and sophisticated online data-phishing techniques, the scammers see one thing when they contact a Little Old Lady From Pasadena – a ready victim. Experts estimate, in New York state alone, a half-million New York…

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What Is A Life Insurance Contestability Clause

What Is A Life Insurance Contestability Clause

Understanding Life Insurance Contestability The ‘contestability clause’ in a life insurance policy specifies a short window in which insurance companies can investigate – and deny –  potential claims. It could impact you, and at the very least, you should know the ins and outs of how it works. The contestability period runs for two years in most states and one year in others, and it begins as soon as a policy goes into effect. If the…

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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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Is Your Tap Water Killing You? Visit This Online Tool and Find Out

Is Your Tap Water Killing You? Visit This Online Tool and Find Out

You’ve likely read about the horror story that is the Flint Water Crisis, so what sort of contaminants might be in your drinking water? Now the Environmental Working Group is offering a tool to help you find out with their Tap Water Database. If you live in the U.S., you can simply enter your zip code – or the name of the local utility – to find out the content of your tap water. EWG is an…

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Flood Insurance Program Nearly Underwater and Drowning In Red Ink

Flood Insurance Program Nearly Underwater and Drowning In Red Ink

Flood insurance in America is under scrutiny, and most of the effort is aimed at dealing with what the federal government calls the “severe repetitive loss property.” Those are homes which have cost taxpayers cumulative payouts which exceeding what those structures are actually worth – and often by many thousands of dollars. It’s thought that across the nation there are more than 11,000 properties – mostly in coastal or low-lying areas – which are under…

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When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

Would you buy your life insurance from a profane, insane, hateful conspiracy-spouting teenaged chatbot? Probably not, unless you’re into that sort of stuff. With more and more insurers embracing insurtech solutions and implementing ‘chatbots’ to market their policies to customers, the potential for things to take a horrific turn into the Twilight Zone ramps up as well. As a particularly bizarre example, consider the experience of software giant Microsoft. Late last year the company introduced…

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How Non U.S. Residents Can Buy Life Insurance From US Companies

How Non U.S. Residents Can Buy Life Insurance From US Companies

People all over the world have been seeking life insurance coverage from U.S. based life insurance companies due to the strong reputation these companies possess – along with very competitive prices. So is it possible for you to get covered even though you’re a foreign national or a non-U.S. resident? The answer is yes, but the process generally takes longer to complete. Before discussing how a non-U.S. resident can get life insurance, it is important…

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