Here is a quick round up of three interesting articles around life insurance. This is a topic that is not so often covered in the news, but is of immense importance to millions of people. If it wasn’t already clear that it’s important to be truthful with your insurance providers, the first article will be an enlightening (if concerning) read!
The other two articles are more interesting from a systemic view. The US insurance system has many problems providing for those in most need in the country, whilst businesses produce large profits for shareholders.
Don’t lie: Your Life Insurance Depends On it
Your medical decisions won’t block a life insurance claim, but fraud’s another matter. Don’t do it.
Read more on FOX Business
Many in U.S. can’t afford life insurance
Thirty percent of U.S. households have no life insurance, and only 44 percent have individual life insurance — both 50-year lows — the latest survey from industry tracker Limra found. In 2009, insurance companies issued 9.4 million individual life insurance policies in the U.S., 1 million fewer than in 2004.
Read more on Chicago Sun-Times
Insurance commissioner gives OK for AIG’s Alico sale
Delaware Insurance Commissioner Karen Weldin Stewart has approved the sale of American International Group’s last large Delaware-based business, the international life and health insurance company Alico.
Read more on The News Journal