Insurance companies across the country, specifically those that offer long-term-care policies, have been working with state insurance regulators to drastically increase premiums for many individuals who may have older policies. Why? It comes down to two primary reasons: 1. Insurance companies badly overestimated the predicted number of policy lapses. They expected a higher number of policy holders to allow their ...

There is a definite sense of freedom that comes with owning your own business. While you never have to worry about what the boss is thinking anymore, you will also find that freedom comes at a bit of a price. You will suddenly be responsible for all manner of things that you didn’t have to think about in a traditional ...

Though it would be easy to blame the new health reforms for the decrease in employee sponsored health insurance coverages but the fact remains it has nothing to do with it. In fact employers for almost a decade have been reducing health insurance coverage to employees mostly to reduce their cost. According to reports employer sponsored coverages dropped from 69% ...

Life Insurance customers usually buy life insurance in order to insure that those left behind specially those who cannot fend for themselves such as young ones are taken care of in their absence. One main concern is the lump sum payments could be spent easily and the beneficiary might be left without the protection it was intended. Life insurance companies ...

Relevant life insurance is a comparatively new variety of insurance that is gradually garnering popularity among high-earning employees and directors of companies that don’t qualify for group life insurance cover. Under a relevant life cover, the beneficiaries or family members of the insured individual receive the payout when the policyholder passes away before the completion of the policy term. This ...

Alabama Department of Insurance PO Box 303351 Montgomery, AL 36130-3351 334-241-4141 (Consumer Services) 334-269-3550 E-mail: ConsumerServices@insurance.alabama.gov www.aldoi.gov Alaska Division of Insurance Department of Commerce, Community and Economic Development Robert B. Atwood Building 550 W. 7th Ave., Suite 1560 Anchorage, AK 99501-3567 907-269-7900 TTY: 907-465-5437 E-mail: insurance@alaska.gov Division of Insurance Department of Commerce, Community and Economic Development PO Box 110805 Juneau, ...

Recently you hear in the news about Tax Court making negative decisions regarding whole life insurance. Usually case involves a policyholder challenging insurance company and or IRS regarding a 1099 reporting and the result usually means the policyholder looses. So most policyholders are really upset. Why? In most cases this results from a mishandled tax deferred account or a cash ...

If you think that the cost of living has become ridiculously expensive, just wait until you see how much it costs when there is a death in the family. It’s never a pleasant thought to think about our final days, but it’s something that really has to be done. This is especially true of you have a family where you ...

You need only look at the sales figures of all the major automakers to see that the numbers are on a steady decline. Younger folks in particular are stepping away from owning a car of their own, opting instead to go with a car-sharing service, such as Zipcar, or borrowing a car from friends and family as they need it. ...

It probably doesn’t come as a surprise to anyone that insurance rates are higher than others in certain parts of the country. For example, you would expect Florida homeowner with a property along the coastline to pay more than a family with a similar type of home in mainland Nebraska. The likelihood of natural disasters or other issues that could ...