Whether you’re a “car person” or your wheels are just a way to get from point A to point B, you likely wouldn’t even drive them off the lot without knowing they’re covered bumper to bumper by a good insurance policy. Like they say, accidents happen — and have you checked the cost of repairing a minor dent these days?
So why are so many workers driving around with no protection for their economic engine: their value to their family as a wage earner?
The fact is Americans are dramatically uninsured and underinsured for life insurance. Life insurance ownership is at an all-time low: 41% of U.S. adults have
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US based Transamerica Brokerage has unveiled a new interactive insurance amount calculator by creating TransamericaForLife.com as a resource for consumers to help determine the life insurance coverage they need.
The website assists the consumers to decide their required type of policy to buy or how much coverage they need.
Transamerica Brokerage executive vice president and chief marketing officer Michael Babikian said most consumers find it overwhelming to calculate the total amount of life insurance needed to pay for a lifetime of expenses.
“Transamerica Brokerage offers an Income Protection Option with most of our life insurance policies, in which the benefit is deposited monthly over a period of time mirroring a paycheck rather than being paid as a lump sum,” Babikian added.
“This is helpful for loved ones who may have little or no experience managing large lump sums of money.”
The new technology will assist the policy owner to change their recipients and/or amounts of each lump sum or monthly payout during the policy owner’s lifetime.
People are living longer, which is not always a free gift. Health care costs for seniors can cut into family estates meaning a smaller inheritance. The fastest-growing age group among seniors is 85 to 94, jumping 30% to 5.1 million the last decade, according to the Census Bureau. Adult children mistakenly believe that Medicare and other retiree benefits will pay for their parents’ care, but only long-term care insurance will cover custodial care. Newcomers to the family can also mean more heirs to an estate, not necessarily more love to go around. More than 40% of American adults have at least one step-relative, according to a Pew Research Center study. A
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During his “Super Tuesday” press conference, the president talked about contraception coverage and the Rush Limbaugh flap, saying that Democrats have “a better story to tell women.”
The Washington Post: At News Conference, Obama Criticizes GOP Candidates For Talk Of War With Iran He was father in chief, fretting about whether the rough-edged debate over health insurance coverage for women’s contraception will keep his daughters and other young women from engaging in public life. …
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Malaysia has passed a new legislation for the travellers to buy travel insurance whenever they travel out of Malaysia, either by air, land or sea, from 1 March 2012.
The legislation will be applied to the travellers who book their tickets through Malaysian Association of Tour & Travel Agents (MATTA) members.
MATTA president Datuk Mohd Khalid Harun told New Straits Times that the travel act includes that it is mandatory for travellers to obtain travel insurance.
Six insurance companies have appointed official travel insurance service providers following the launch of the travel insurance coverage.
Ace Jerneh Insurance Berhad has named Amir Ghaffar, Chartis Malaysia Insurance Berhad appointed Ganeswaran Subramaniam and Hong Leong MSIG Takaful Berhad named Hong Leong as official travel insurance service providers.
Kurnia Insurance appointed Dave Loo Teong Wah, Lonpac Insurance Berhad appointed Chuang Chee Hing and RHB Insurance Berhad named Raymond Lew Yung Chow.
The insurance coverage includes medical, hospitalisation and travel expenses, emergency medical evacuation and repatriation, reimbursement of deposits or full payment of air tickets or tour packages, repatriation of mortal remains, compassionate visitation benefits, accidental death, permanent disability.
