Interesting life insurance articles.

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LIFE INSURANCE FRAUD IS HORRIBLE
Spitzer Says Firm Defrauded Life Insurance Owners
targeting a new sector of financial services, accused a closely held Pennsylvania firm of orchestrating a bid-rigging scheme to defraud life insurance holders. Spitzer Suit Accuses Company of Abuses in Insurance for Elderly New York Times Coventry First is accused of fraud

I find it horrifying that there are any types of charges with life insurance claims, policy holders etc. Especially for the elderly.

If you've paid into a life insurance policy for 30-50 years, you need to be guaranteed that the beneficiaries will get exactly what they were paying for.

50 years is a life time ... You can't get that time back. Something that you've paid into for that amount of time needs to be guaranteed, absolutely. I would be horrified if after having paid into a life insurance policy for 50 years, the life insurance company said, oops, we can't help your beneficiary. There are some technical and legal glitches from stopping us from helping you!!

Having said that, if there was that type of bad publicity for life insurance companies, their policy holders would dry up over night. Life insurance is a complete trust based industry.

Senior citizens simply don't have the energy or resources to fight huge life insurance companies with all of their cash resources, lawyers, law firms etc.

Fortunately most people are treated fairly by life insurance companies. I'm sure that there are a few cases that slip through the cracks.

Articles from October 2006
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ARE YOU AWARE IF YOU'RE A BENEFICIARY
As I read the articles below, I realize that being a beneficiary for a life insurance policy may be a scary thing. Life insurance beneficiaries could be spouses, business partners, children, non-profits or whomever the life insured decides.

DO YOU KNOW HOW TO COLLECT A LIFE INSURANCE BENEFITS?
If you are the beneficiary of a policy, are you informed as to the details and requirements of the policy to receive pay out? Are you aware of any reason that you wouldn't receive the benefits of a policy... Example, your spouse was involved in a dangerous sport that was not covered in the policy.

I get a sense that sometimes beneficiaries of a life insurance policy don't even know that they have been included. If your spouse is self employed or employed, there may be life insurance policies with credit cards, mortgage company, employers, business partnerships etc. Your spouse may not have shared all of these insurance policies with you because he forgot about them, or what ever other reason.

It may be good to have a discussion with those close to you as to who has life insurance policies and who are the beneficiaries of the life insurance policies.

Articles from October 2006
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It's interesting that as soon as I claimed this blog, technorati immediately updated the blog and ping: within 5 minutes. So we know that parts of their service are working quickly.

I'm trying to get a sense of how long it will take, and what I will have to do to get technorati to update my blog when I ping it.

I think I'm starting to see some results when I link from this post.

I'm setting up a link from this blog to www.express-marketing.com/blog.html

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This post is to help us claim our quality-ins.com blog with Technorati.com
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It's always amazing that when life insurance companies want to purchase companies and other assets, they SURE DO have cash available to do so!!

The news reports below talk about the Swiss are purchasing GE's UK life insurance operations. That's alot of dough!!

I always get alot of reassurance with the life insurance industry when I see this kind of money. I know that my life insurance policy will be safe as life insurance companies are usually made of cash!

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I love these life insurance articles... It's amazing to read stories about life insurance events and issues. To be honest, by itself, life insurance is pretty dull and boring.

The schemes people cook up to try to get rich off of life insurance is quite amusing and says a great deal about people's thoughts and actions. Life insurance is all about the people living their lives.

As life insurance agent below well says, "People don't like to talk about death. " Death is hard to talk about, because you can't even imagine what it's like to die. It's extremely painful to think about someone you love dying. It's very hard to conceptualize the benefits derived from receiving benefits of a life insurance policy.

That's why I like to print these articles... They give us more to think about when it comes to purchasing life insurance and receiving those benefits.

Articles from October 2006
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