Latest News in Life Insurance – May 13, 2010

Life insurance beneficiary designations are important – Aiken Standard

9 May 2010 at 6:49pm
The purchase of a life insurance policy for many persons is akin to pulling teeth, and for such individuals, the sooner the whole process has been completed, the better. For this and other reasons, many purchasers of life insurance make quick …

Second Marriages and Life Insurance – ElderLawAnswers.com

10 May 2010 at 3:17am
As second marriages become more and more common, beneficiary designations become more complicated. If you are remarried, choosing a beneficiary for your life insurance policy may not be simple‚ especially if you have children from a previous …

Senior Life Insurance – Associated Content

12 May 2010 at 5:09am
… is why you have to think about getting Senior Life Insurance … delegate the beneficiary. You can contract this type of cover without having to take a medical exam. Even if you health is not so good you can still get covered by a policy which …

Man admits charges in dispute with sister – Buffalo News

12 May 2010 at 4:12am
said New allegedly forced his way into his sister’s Stevens Street home Sept. 6 to demand a cut of their late mother’s $50,000 life insurance policy; the sister was the sole beneficiary but was intending to split up the money among her siblings …

Florida’s senior citizens to get more protection from fraud – Examiner

3 May 2010 at 4:54pm
Extend the prohibition on a life insurance agent being the beneficiary of a life insurance policy by including the agent’s family members within the prohibition and by prohibiting the agent from serving as a guardian, trustee or having power of …

ESTATE PLANNING: Not all money is created equal – NWI.com

8 May 2010 at 9:42pm
… that listed a beneficiary did not need to be put into the trust. Is that still true? A: There is disagreement among some attorneys whether all assets that can be funded into a trust should be funded into the trust, including life insurance …

Life Settlement Industry Opposes Stranger-Originated Annuities – PR-USA.net (…

6 May 2010 at 9:05am
Promoters will often also establish a trust or other “shell” to be used as the designated beneficiary … transactions, like stranger-originated life insurance, occur at the time of application of the life insurance policy. As such, efforts to …

Paul Premack: Dealing with the complexities of wills – MySanAntonio

12 May 2010 at 9:20am
His life insurance proceeds will be paid directly to the beneficiaries he named on the policy. His Will has no sway over … After speaking to his attorney, he might also decide to change the beneficiary designation on his life insurance – be it to …

And Life Takes A Turn (Fiction) – Chowk

7 May 2010 at 4:35pm
Her life started to roll in front of … was out on company business, he was entitled to workman’s compensation insurance as well. Per our master policy, you being the surviving spouse are the beneficiary of that policy and entitled to a claim of $ …

Your Estate Plan: What Legacy Will You Leave? – ElderLawAnswers.com

5 May 2010 at 10:28pm
What Can Go Wrong There’s the father who set up a trust for his life insurance, but never transferred the policy into the trust and who had a large IRA with no named beneficiary. More than half of his estate went unnecessarily to estate and income …