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Oct 01 2010
home loan bad credit the easiest way
Home Loan - Bad Credit The Easiest Way While many people think that you can't get a home loan if you have bad credit, this simply isn't true. The fact is you can get home loans with bad credit or any kind of credit rating there are many companies
Feb 20 2010
axa posts 2ndhalf profit on lifeinsurance business
Axa Posts 2nd-Half Profit on Life-Insurance Business February 18, 2010, 06:32 AM EST By Fabio Benedetti-Valentini Feb. 18 (Bloomberg) -- Axa SA, Europe’s 2nd biggest insurer, posted a 2nd half profit after a rally in financial markets supp
Feb 20 2010
study rr s 5b pension gap is 4th worst
Study: R.R.'s $5B Pension Gap is 4th Worst PROVIDENCE Rhode Island has promised $12 billion to its public employees in pension, health and other retirement benefits but has only allocated $6.8 billion to pay for them, according to a study rel
Feb 17 2010
cheap health insurance quotes where americans are finding them
Cheap Health Insurance Quotes – Where Americans Are Finding Them A new online petition being circulated by the political action committee, MoveOn.org is well ready to get the attention of America’s top health insurers. The petition demands that “
Feb 17 2010
irs helping some with health insurance
IRS Helping Some With Health Insurance DETROIT, Feb. 15 (UPI) -- Thousands of qualified workers in Michigan who lost their jobs or retired have signed up for an IRS program to bear health insurance costs, a money manager estimated. The Health C
Feb 17 2010
sun life fourthquarter earnings more than double
Bloomberg Sun Life Fourth-Quarter Earnings More Than Double By Sean B. Pasternak (Bloomberg) -- Sun Life Financial Inc., Canada’s third-largest insurer, said earned more than doubled as stock markets bounced back. Outcomes benefited from
Feb 16 2010
health insurance costs break through earth orbit
Health insurance costs break through earth orbit 4:13 pm February 15, 2010, by ctucker From Associated Press: Consumers in at least 4 states who purchase their own health insurance are getting hit with premium increases of 15% or more — and people
May 01 2009
insurance companies and prescription drugs
Insurance companies and prescription drugsThe prescription manufacturers set their own prices and they often build a large profit margin to regain cost spent on researching, manufacturing and advertising. The health insurer analyzes each drug on the
May 01 2009
what are health savings accounts
What are health savings accounts?When someone speaks about health savings accounts, questions always arise in our minds about what is meant by health savings accounts. How do they work? Why is it so special? Health savings accounts have two parts in
May 01 2009
what are ppo and hmo
What are PPO and HMO?A PPO is a Preferred Provider Organization and HMO stands for Health Maintenance Organization. To speak about HMO, we can save a lot of money by paying a low premium amount since the insurance company has negotiated discounts on
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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.


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