Cheapest Life Insurance

The Realities of Life Insurance Policies

February 21st, 2010

We’ve all seen the movies where star villains go on killing sprees. They drive through the streets striking vehicles left and right, open fire in crowds and make human body shields out of random people. While the scenes are exciting to watch, after the dust settles we rarely see discussions about who’s going to pay for the victims’ funerals or keep the grieving family afloat financially.

This, of course, is the difference between movies and real life. In the movies, a life insurance policy rarely gets mentioned – that is, of course, unless it is used as a malicious tool to kill off the loving spouse for financial gain.

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Va. businessman accused of fraud arrested in Texas

February 19th, 2010

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MCLEAN — A Lamborghini-driving steakhouse owner who disappeared after being accused of cheating banks out of tens of millions of dollars was arrested in Texas and returned to Virginia as federal prosecutors pursue fraud charges.

Osama El-Atari is accused of fraudulently securing nearly $18 million in loans from one bank by offering up phony life insurance policies as collateral.

El-Atari was thought to have fled the country in May, but court documents show he was arrested in the Austin, Texas, area on or before Feb. 1 and U.S. M

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ACSI Shows Customer Satisfaction On the Rise for Life Insurance

February 19th, 2010

The American Customer Satisfaction Index (ACSI) shows that Americans were satisfied with life insurance in the fourth quarter of 2009. According to the index, life insurance satisfaction not only improved overall, but specific life insurers also received increases in satisfaction.

Specifics of the Index Data

According to the ACSI data, life insurance satisfaction improved by 1.3 percent to 79 out of 100 points.

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Is it possible life insurance could help you

February 15th, 2010

Having life insurance may not seem important to you as an individual and in all honesty it really isnt.

However to your family it could become very important if something bad happens to you and you are say for example the main earner of the family. If this was to happen they would have very little if any money coming into them anymore meaning they would have to perhaps look for a smaller place to live and maybe even think about selling off some possessions to pay for all of the bills.

Of course this is not going to be the case for everyone but a large injection of money will certainly help.

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Group Life Conversion Option

February 14th, 2010

Most employee benefit plans  provide group life coverage, which allows the applicant to convert their group plan, without a medical evaluation, to an individual life plan upon the termination of their employment. This can be a good value to applicants who have serious health issues, such as a history of cancer, stroke or heart disease, which can make individual coverage difficult to attain.

The insurance company does buffer itself by charging a much higher premium on group life conversion. This extra premium is meant to mitigate its risk that the applicant may not be in good health at the time they convert their coverage.

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