Minor Traffic Tickets Can Become Major Problems for Your Life Insurance

Minor Traffic Tickets Can Become Major Problems for Your Life Insurance

One underwriter commented that if you are breaking traffic laws, you’re considered a risk because you may be putting yourself in a life threatening position

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How Personal Bankruptcy Can Affect Life Insurance Policies

How Personal Bankruptcy Can Affect Life Insurance Policies

Filing for bankruptcy is usually person’s worst nightmare, but when it comes to protecting your assets (including the value of your), information is key.

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Does life insurance cover long-term care?

Does life insurance cover long-term care?

New York residents will now be able to use some of their life insurance policy to cover long-term care expenses, according to a press release.

“By passing this law, we no longer burden taxpayers with the long-term care expenses needed by the growing senior population and we’ve given thousands of seniors a creative and costsaving way to cover their care,” said state senator Jeff Klein.

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How do new life settlement guidelines affect me?

How do new life settlement guidelines affect me?

The guidelines for a new life settlement law in Illinois will be posted on the state insurance department website next week, a state official said.

The law, which was passed last year but doesn’t take effect until July 1, allows life insurance policies to be sold after two years and outlaws “stranger-originated” life insurance, according to a report in the Life Settlements Wire. It is based partly on legislation developed by the National Conference of Insurance Legislators and the National Association of Insurance Commissioners.

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