Latest News in Life Insurance – April 30, 2009
April 30, 2009 by Webmaster
Filed under Whole Life Insurance
Rates on some term life insurance products soon to skyrocket – KTNV
28 Apr 2009 at 11:20am
Americans are well aware that the struggling economy is affecting almost every aspect of their financial lives. From the stock market to home values to jobs — all are caught up in the same global quagmire of uncertainty. But one financial issue that …
New tool available to help military recover life insurance … – Weekly
23 Apr 2009 at 4:05pm
Atlanta (April 23, 2009) – Insurance Commissioner John W. Oxendine and the National Association of Insurance Commissioners (NAIC) announced today the release of a new tool at https://eapps.naic.org/restitution/ to help military service members …
People Buying Life Insurance to Enhance Inheritance, Newspaper Reports – Insu…
27 Apr 2009 at 1:01pm
Apr. 27–AS CONSUMERS FACE LOSSES in the value of their investment portfolios and/or their homes — not to mention other economic challenges during this recession — they are turning to another asset to restore stability to their finances: life …
New search tool created for insurance refunds – Army Times
23 Apr 2009 at 12:45pm
A new search tool will help current and former service members determine if they are owed some of the $2.3 million that is still unclaimed as a result of a 2006 multi-state settlement agreement concerning life insurance sales practices to the …
Pastor Accused Of Murdering Man For Insurance – WJZ
24 Apr 2009 at 2:52pm
Baltimore City Police arrest a pastor and accuse him of befriending a mentally disable man then hiring a hit man to kill him for his insurance. Jessica Kartalija reports Kevin Pushia now faces several charges in relation to the crime. The suspect …
Second man arrested in homicide, insurance fraud case – Baltimore Sun
25 Apr 2009 at 5:14pm
A second man was arrested Saturday and charged with murder in connection with the killing of a blind and disabled man in order to collect money from his life insurance policy, police said. Police arrested James Omar Clea, 31, of Bookert Drive in …
Harry Gross: Don’t wait for dividends to pay policy – Philadelphia Daily News
22 Apr 2009 at 12:46pm
Dear Harry: I have a life insurance policy with Prudential that I have had for about 18 years. Each year, I get a dividend that covers five months of premiums. I have been calling them twice a week to get those dividends which I use to pay the …
Bail Denied For Pastor Accused Of Murder – WJZ
28 Apr 2009 at 3:23pm
Bail was denied for the former pastor and group home worker accused of hiring a hitman to kill a mentally disabled person so that he could collect on the life insurance policy. Derek Valcourt explains police are learning the suspect was listed as a …
City pastor charged with having man killed for life insurance – Baltimore Sun
24 Apr 2009 at 1:05pm
A Baltimore pastor who worked with the developmentally disabled was charged Friday with befriending a blind and disabled man in his care, then paying a hit man $50,000 in church funds for an execution so he could collect life insurance money. Police …
Investors Find Morbid Niche In Surrendered Life Insurance – Washington Post
28 Apr 2009 at 8:31pm
While companies across the financial services industry were taking a beating last year, a firm in Waco, Tex., with a less than cheery way of making money was boosting its profit by 46 percent. Its niche: helping investors place bets on when people …
