Health has always been a major concern among people around the world and they were worrying about their health and the well-being of their families for centuries. Health insurance provides financial protection, that would be...
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Most people buy life insurance for their loved ones are protected financially in the event of their death. But people do not often realize that even if they have to pay the funeral expenses and income replacement are two very...
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If you ask a person only if they have taken out life insurance, do not be surprised if they look at you blankly. It is true that singles who are young and healthy rarely think about their own mortality yet only life insurance....
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If you decide to buy life insurance, it is a smart decision. It’s just common sense to have a measure of security for your family if something happens to you. The hard part is deciding what kind of policy to buy and where....
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– The Ohio Department of Insurance announced the retirement of Bill Rossbach, an integral part of the Department’s Financial Regulation operation for the past 35 years. Rossbach most recently served as Chief Regulatory Officer.
Rossbach joined the Financial Regulation staff in 1976 and was promoted to Assistant Director in 2003 before being named Chief Regulatory Officer in February 2008. As C
Is there a good reason why the whole life insurance premium is higher than that of term life insurance? Let us examine how life insurance premiums are constructed and see if the higher cost is justified.
There are three things which determine what a should be, your age, your health and your occupation. As you get older your health is likely to deteriorate thus a higher cost for your If you engage in a hazardous occupation you may pay more because of your occupation.
You can therefore conclude that the longer your is planned to last the more you will pay. You pay less for a level policy than you would for a level policy.
Whole life insurance definitions. There are certain terms used when one talks about whole life insurance that do not apply to term insurance so it may be worth your while to examine the most commonly used verbiage. Some of what will be discussed apply to any type of life insurance and some to whole life alone. Let us take a look at some of the most commonly used whole life insurance definitions.
provides a death benefit for the rest of your life, even if you live to age 100.
All whole life policies provide a Some companies apply a cash value to your policy at the end of the second year, others later on.
—Ohioans from Cleveland to Cincinnati and Toledo to Marietta are still digging out from this week’s winter storm that dropped ice and snow across the most of the state. As we begin to assess the damage to our homes and vehicles, Ohio Department of Insurance Director Mary Taylor is offering some tips to help Ohioans speed up the insurance claims process to begin repairing their homes and/or vehicles. A severe weather informational toolkit is available here.
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There really is no such thing as special over 50s life insurance. You really need to qualify like people in their twenties, thirties or forties. There really is no special plan designed for seniors that is worth your hard earned dollar.
There are companies who target older people as they know that these people are quite aware that from here on they may develop some illness that could terminate their lives. These policies really do not work because the death benefits start out very low and increase each year. You really don’t have much life insurance coverage for your dollar.
To get real you need to follow the tried and true format. Be straight with the company.
— Ohio Department of Insurance Director Mary Taylor announced that former Findlay-area clinical counselor John Blain Frankenburg, 50, also known as Blain J. Frankenburg, has been sentenced to 30 days in jail and five years probation for fraudulently billing Medical Mutual of Ohio and Anthem Blue Cross/Blue Shield more than $82,500. Mr. Frankenburg must also pay more than $53,000 in restitution to the two insurance companies. A joint investigation by the Ohio Department of Insurance, the Findlay Police Department and the Hancock County Prosecutor’s Office revealed the crime.
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