Many people decide to purchase universal life insurance policies so that if anything happens to them, their families will be taken care of. But what do you do when your life insurance company decides to undergo massive rate increases? Policyholders are often caught in a tricky situation, as they may not be able to afford […]
Earlier this year, Consumer Reports conducted an investigation into lost, forgotten, or unknown life insurance policies. It estimates that currently, there is at least $1 billion in unclaimed life insurance benefits. The average unclaimed life insurance benefit is only $2,000, but payouts have been as high as $300,000. Unclaimed Policies Insurance companies do not always search […]
Recently, a consumer watchdog group filed suit against Transamerica Life Insurance Corporation, alleging breach of contract and bad faith. In the complaint, which followed on the heels of the company’s decision to drastically increase monthly premium payments, policyholders requested a reversal of the cost increases, compensatory and punitive damages, and the reinstatement of any policies that were […]
Being in an accident or sustaining property damage can be a stressful, expensive, and often painful experience, especially when someone else’s negligence or wrongful act was the cause of the accident. When a person has been in an accident, there are a few vital steps that, if completed, will ensure that he or she is […]
When a loved one passes away the last thing you want to think about is filing paperwork to receive life insurance. Unfortunately it is a reality that must be faced in order for families to continue to pay their bills, funeral expenses, medical bills etc. So it stands to reason that the last thing a […]
Insurance policies are supposed to protect the insurance parties in the case of injury, loss of work, liability and the like. The covered persons should feel secure that they can file a claim when they need assistance and receive it. Unfortunately, thousands of insurance claims receive denials. Some insurance companies do not part with their […]