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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The Incontestability Clause of Your Life Insurance Policy

The Incontestability Clause of Your Life Insurance Policy

Regardless of the life insurance policy you decide to purchase, every policy will contain a safeguard called the “incontestable clause” geared towards financially protecting the insurance company. The National Association of Insurance Commissioners Standard Policy Provisions Model Act and the laws based upon it requires that every single policy contains an incontestable clause, which is a provision that makes the life insurance policy incontestable by the insurer after it has been in force for a…

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Top Answers to Questions About Whole Life Insurance

Top Answers to Questions About Whole Life Insurance

To completely grasp the benefits of whole life insurance, you’ll need to understand the underlying details involve,d and to help you fully understand those issues, we’ve put together a list of answers to the top questions about whole life insurance. According to a study commissioned by the National Association of Insurance Commissioners, less than half of American consumers feel confident about making insurance decisions, and only 2 out of 5 U.S. consumers feel confident about answering…

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What Are the Qualities of the Ideal Life Insurance Company

What Are the Qualities of the Ideal Life Insurance Company

It’s a big decision with some long-term repercussions to your financial health – purchasing a life insurance policy. Making the correct life insurance company choice requires proper preparation and careful information gathering. While you might think the process will leave you feeling overwhelmed and nervous, it doesn’t have to be that way. Unlike other forms of insurance such as auto insurance, life insurance isn’t renewed on an annual basis and far fewer claims are filed….

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Do I Need Life Insurance If I’m Single With No Children?

Do I Need Life Insurance If I’m Single With No Children?

If you were to ask a single person if they have purchased life insurance, don’t be surprised if they look at you blankly. It’s true that singles who are young and healthy rarely think about their own mortality yet alone life insurance, but here are some sobering facts…

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You’re On the Clock – You Changed Your Mind About Your Insurance Policy

You’re On the Clock – You Changed Your Mind About Your Insurance Policy

After purchasing a life insurance policy, there is a “free-look” period that allows consumers to cancel their policies and get a full refund without a penalty.

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What Kind of Auto Insurance Do I Need?

What Kind of Auto Insurance Do I Need?

Purchasing car insurance can be tricky, especially when it comes to understanding what a policy covers and the amount of coverage needed to best fit your needs. If you neglect to buy it, your finances could be jeopardized – especially if you’re involved in a costly car accident. Plus, in most states, it is illegal to drive without it.

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What Happens When an Insurance Company Goes Out of Business?

What Happens When an Insurance Company Goes Out of Business?

The state will help to identify problems and explore possibilities. If they can turn the problems around, the company is back on solid footing.

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Tips for Selecting the Right Life Insurance Company for You

Tips for Selecting the Right Life Insurance Company for You

The process of selecting of a life insurance company can be overwhelming. To help, here are some tips for the picking the right life insurance company for you.

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