Search Results for: insurance

What Is a Viatical Settlement?

Viatic settlement refers to the sale by the policy owner of a life insurance plan before it matures. This sale gives the policy owner immediate cash settlement. Viitical settlements are generally for insured people with a shorter life expectancy than five years. Life settlements (also known as senior settlements) are similar to viaticals. They involve the sale of […]

Endowment Policy: Another Forgotten Option

These complex financial products combine investment growth and life insurance in one package. These products were popular among homebuyers in the eighties, nineties and nineties as a way to repay a mortgage. Many people purchased them because they were able to get large commissions from home loan companies and middlemen like estate agents. These charges are often […]

Your Car’s After-impact Diminished Value

The (ACV)Actual Cash Value Policy does not insure the property, but only the VALUE. Let’s suppose that the insurance company decides to “Repair” insureds damaged property as per their contract. However, this does not relieve them from their contractual obligation to restore the Pre-Loss value of the motor vehicle. In cash, policyholders should present the motor […]

Power of Analytics for Insurers to Assist Them With Fraud Analysis

Insurance companies strive to earn customers’ trust. Imagine a situation where the right people aren’t rewarded, and the wrong ones get rewarded. This can lead to chaos and loss of faith in the system. The question now is, “What breaches the trust utmost?” It is the return on the customer’s investment in a product or service that matters […]

The pros and cons of funeral trusts

The Internal Revenue Service defines funeral trusts as “a ‘pooled Income Fund’ that is established by a funeral home/cemetery and to which a person transfers assets to cover future funeral or burial costs.” This can save survivors a lot and help them make difficult decisions. As a condition for admission, some nursing homes require that a funeral trust […]

State Farm Steer Clear review

Before teens can drive safely, they need to be trained. Experience helps teens to become more confident and have safer driving habits. State Farm Steer Clear allows teens and young adults to learn the rules of driving while also qualifying for a d discount on their car insurance. You may not be aware of the cost to add a young driver onto […]

SR-22 Utah

Are you aware that Utah requires SR-22 insurance? If you’re looking for “SR-22 insurance”, it is important to understand that SR-22s do not constitute insurance. They are just proof of insurance forms submitted to the DMV from your insurance provider. There are many forms that are used in the country. Some are very similar and some […]