Insurance For You

Getting a Life Insurance Denial Letter is Pretty Common

February 24th, 2010

It is more common than you think for a beneficiary to get a denial letter after filing a life insurance claim. That’s at least according to a new press release from Pennsylvania life insurance law firm, Lassen Law Firm, that explains that life insurance companies regularly deny claims – and for a lot of simple reasons.

Why Your Life Insurance Claim Could be Denied

We often think that once we purchase a life insurance policy, all of our family’s problems are solved. They won’t have to worry about money once we’re gone and we can rest easy knowing everything will be taken care of after obtaining life coverage.

However, this is not necessarily true.

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Tags: Common, Denial Letter, Life Insurance

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Life Insurance Around the World

January 24th, 2010

Regardless of nationality, people everywhere want to protect themselves and their dependents from financial difficulties in the event of an emergency. Getting affordable life insurance is a big part of that, which is what makes it a world-wide phenomenon. Already well-established in the United States and Europe (where growth rates are mostly flat), life insurance sales are booming in so-called “emerging markets.” Countries like Brazil, Vietnam, India and China are seeing explosive growth in the number of life insurance policies being sold as their economies expand and mature.

Life Insurance in Vietnam

In Vietnam, for example, the insurance industry (including auto insurance, home insurance, life insurance and more) has grown by 29% per year on average since 2000.

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Tags: Insurance, Life Insurance

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Top 5 Life Insurance Scams

January 21st, 2010

Life insurance is touted as a smart purchase for those wanting peace of mind regarding estate planning. Unfortunately, there are predators using the system to conduct life insurance fraud on unsuspecting victims. Annually, insurance fraud costs Americans at least $80 billion, so let’s take a look at how these scammers are stealing our money.

Common Fraud Practices

Some of the most common life insurance scams include:

1.) Stranger-Owned Life Insurance: Wall Street is notorious for creative investment options and life insurance policies are their newest invention.

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Tags: Insurance, Life Insurance

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