How to Find Misleading Information In a Life Insurance Policy

How to Find Misleading Information In a Life Insurance Policy

The National Association of Insurance Commissioners adopted the model regulation, which is a new regulation aimed at protecting consumer and fostering consumer education. Under this regulation, new standardized procedures for policy illustrations were created to help ensure that all illustrations are not providing misleading information.

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Texting And Driving Putting America’s Highways In Peril

Texting And Driving Putting America’s Highways In Peril

Recent research reminds us that tragedy can strike with frightening regularity out on the highway – and lots of stories focus on increasingly careless drivers using mobile devices. In fact, a recent study appearing in the American Journal of Public Health revealed that fatalities connected to distracted driving increased nearly 30 percent between 2005 and 2008. Why the spike over that period of time?  It just so happens those years coincide with the rapid growth and popularity of…

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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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How Your Life Insurance Needs Vary Throughout Your Lifetime

How Your Life Insurance Needs Vary Throughout Your Lifetime

Married couples generally need more life insurance than single people, but it’s necessary for everyone to have at least enough life insurance to cover his or her final expenses. As you may expect, the amount of life insurance you’ll need will probably change throughout your lifetime. and your life stage will also determine how long your (recommended) term period should be, how much insurance you should purchase and the type of policy that best suits…

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Life Insurance Needs By Age Group – The Infographic

Life Insurance Needs By Age Group – The Infographic

Insurance professional Aimee O’Brien advises consumers of the many different types of life insurance products that can fit a variety of budgets, including products for younger people who are considering a term life policy. O’Brien says unmarried people may want to consider a policy that provides investment income in the longer term. She adds that a life insurance policy could spare someone’s relatives from having to pay their funeral costs upon death. She suggests that…

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Latest Version of Health Bill May Impact Coverage in Job-Based Insurance

Latest Version of Health Bill May Impact Coverage in Job-Based Insurance

This week, I answer questions about how the Republican proposal to overhaul the health law could affect job-based insurance and what the penalties for not having continuous coverage mean. Perhaps anticipating a spell of uninsurance, another reader wondered if people can rely on the emergency department for routine care. Q: Will employer-based health care be affected by the new Republican plan? A: The American Health Care Act that recently passed the House would fundamentally change the individual insurance market,…

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What Is the Life-cycle Model of Consumption and Savings? We Explain It Here

What Is the Life-cycle Model of Consumption and Savings? We Explain It Here

A new approach to calculating life insurance needs is the life-cycle model of consumption and savings, which is based on the life-cycle model. Professor Franco Modigliani and his colleagues at Massachusetts Institute of Technology developed this model in the 1950s and 1960s. Modigliani won the Noble Peace Price in 1985 for the development of this model, which was built on the early work of Irving Fisher, a Yale economist, in the 1920s. In this model,…

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Cancer Prevention Techniques Can Lower Life Insurance Premiums

Cancer Prevention Techniques Can Lower Life Insurance Premiums

Cancer prevention is important to millions of Americans because along with staying alive and healthy for longer, they can also save considerably on important expenses like life insurance premiums.

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How Does Having An Eating Disorder Impact My Life Insurance

How Does Having An Eating Disorder Impact My Life Insurance

If you have an eating disorder and you apply for life insurance, it could mean trouble for obtaining insurance or knock you out of the running altogether. The impact an eating disorder has on the body can be devastating, which is why insurers cast a wary eye on people who have had a history of eating disorders.

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