NEW YORK, Sept. 9, 2020 /PRNewswire/ -- Policygenius, the nation's leading online insurance marketplace, announced today the launch of the Policygenius Life Insurance Price Index , which displays average monthly life insurance rates using current data from leading life insurance carriers. This free index launches in tandem with Life Insurance Awareness Month and new data will be published on a monthly basis going forward to illuminate pricing trends for consumers. "The Policygenius Life Insurance Price Index was designed to provide invaluable insights to industry analysts, as well as consumers shopping for life insurance," Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. "We'...
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Does life insurance pay out for suicidal death? It is often mistakenly assumed that a life insurance policy would not pay out for suicide, but that simply isn't the case. Most leading life insurance providers in the UK will pay out for suicide, however a suicidal death clause is likely to apply. In this article we reveal which insurers pay out for suicidal death and whether they apply a suicidal death clause. Life insurance suicidal death clause explained Most life insurance providers in the UK will pay out in the event of suicide, however be aware that most policies will have a 'suicide clause'. The suicide clause sets out where you wouldn't be covered and each insurance company has its...
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The ACCC has granted interim authorisation allowing life insurers to co-ordinate to ensure frontline healthcare workers are not excluded from coverage due to potential or actual exposure to COVID-19. The interim authorisation, granted to the Financial Services Council (FSC) and its members, means that exposure to COVID-19 cannot be used as a reason to decline life insurance coverage to a frontline health worker, or to charge higher premiums or apply risk exclusions to any new policy. The FSC members’ commitment applies to workers including, but not limited to, doctors, nurses and all hospital workers; ambulance workers and paramedics; people working at GP surgeries or clinics; people...
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People typically buy life insurance once they're married or have kids, but I'm single with no kids and still looking to get a policy. I'm young and healthy, so life insurance will never be cheaper than it is today. Plus, I have private student loan debt, so I want to make sure no one else is responsible for covering that debt in the event of my death. Typically, people think about buying life insurance right around the time that they get married and start thinking about having kids. At face value, that line of thinking makes sense. After all, a life insurance policy is meant to help the people who depend on you financially - like your spouse and kids - replace your income in the event that...
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The survey, conducted by a US life settlement broker, found more than a third of its clients were previously unaware they could sell their life insurance policy to investors for a higher return than if they cashed it in with their insurer Welcome Funds says its survey proves seniors in the US need to be made more aware of life settlement as an option for their policy (Credit: PxHere) A new study released by life settlement broker Welcome Funds found a significant degree of its senior clients would have let their life insurance policy lapse before they found out they could sell it through a broker. In its survey of 200 clients, 38% said they were planning to lapse, cancel or surrender their...
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How Coronavirus Affects Life Insurance The coronavirus is making more people think about the importance of life insurance to protect their families if anything happens to them — even if they’re healthy now. “The demand for life insurance is up,” says Byron Udell, president of AccuQuote, an independent life insurance brokerage firm. His company is taking about 35% to 50% more applications each day and is hiring more agents. But social distancing rules have made it difficult to follow the regular procedure for getting a policy, and companies are being more careful about insuring some people who face greater medical risks. The process, prices and rules are changing...
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Pacific Life & Annuity Co. is questioning the veracity of a $1 million life insurance policy that a Monsey woman took out 19 months before she died. The Newport Beach, California, insurer sued Jacob Moskowitz, the husband of Odel Moskowitz and the beneficiary of the policy on April 2 in U.S. District Court in White Plains. The complaint does not accuse Mr. Moskowitz of wrongdoing but contests his claim for payment under the policy. Odel Moskowitz “represented that she was healthy and disease-free, the complaint states. “She was “in fact, unbeknownst to Pacific Life, receiving treatment for advanced stage cancer.” Mrs. Moskowitz was 51 when she applied for life insurance in July 2017....
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As the coronavirus continues to upend nearly every aspect of our lives, insurance companies are changing the rules on how people can apply for life insurance. To be sure, you can still buy life insurance right now — it just might take longer. “While the steps for getting life insurance remain the same, how they are done has been adapted,” Jon Voegele, board chair of Life Happens, an educational nonprofit supported by insurers and brokers, said in an email. You can still buy life insurance if you need it However, if you currently have symptoms of COVID-19, the disease caused by the virus, or have tested positive for it, you likely won’t be able to get life insurance until after you’ve...
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Life Insurance Quotes online independent life insurance service. Our service provides life insurance shoppers with a easy and fast way to shop for and purchase life insurance 24-hours a day. We work with the trust life insurance companies in the industry, and we offer you to do all of your comparison shopping conveniently on one place. We will then instantly provide you with up to five quotes on life insurance rates from different life insurance companies. Our quote selection process allows you to compare rates side-by-side at no cost or fees to you. What is Life Insurance? Life insurance is a guarantee of contract between you (policy holder) and an insurance company where the company...
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Foresters Financial launches enhanced Whole Life Insurance Toronto, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Foresters Financial™ (“Foresters”) today announces the launch of Advantage Plus II Participating Whole Life (“Advantage Plus II”), replacing its flagship Advantage Plus Whole Life product, with lower premiums. Complimentary benefits and a shared purpose Anyone who is insured under a life insurance certificate from Foresters is a member and can receive exclusive complimentary member benefits As a fraternal insurer, Foresters is unique in the industry in that its certificates provide benefits to the insured the day it is received. These include competitive academic scholarships, Family Fun...
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