Latest posts:
Jun
20
EFin Advisor |
2008 2:23 PM |
0 comments
You’ve probably heard about the bumper sticker, even if you haven’t seen
it. It’s the one on the backs of Cadillacs in Florida and on Lexus bumpers in Arizona that reads: “I’m spending my children’s inheritance.”
While this may cause a chuckle, sadly it is not far from the truth in many cases. Worries about the economy and the rising costs of health care are causing many to fear that they will either receive little to no read...
Jun
13
EFin Advisor |
2008 1:55 PM |
0 comments
For the past seven years, insurance companies in the United Kingdom have voluntarily chosen not to genetically test 97% of potential clients. As of today, these insurance companies have agreed to extend their voluntary freeze until 2014. This is in order to ensure that people can receive health and life insurance without having to disclose potential genetic diseases, at least for the time being.
The ability to genetically test patients for diseases is a controversial topic, especially read...
Jun
06
EFin Advisor |
2008 3:44 PM |
0 comments
As Chicago Bears Hall of Fame running back Walter Payton once said,
"Remember, tomorrow is promised to no one." Payton died at 45 from a rare liver disease. It is always a tragedy when life ends short. It is
comforting to know that Walter Payton's family will be financially secure
despite his passing on.
What would happen to the average man though?
Brad Cunard was one of those unfortunate stories. While stuck in traffic
with his wife Lisa and two boys, Max and Owen a violent read...
May
22
EFin Advisor |
2008 3:16 PM |
0 comments
China's life insurers will be the most affected in the insurance sector after last week's earthquake, but losses for insurers in general will be limited because of relatively low penetration rates, with property insurers also limiting their earthquake coverage.
Chinese life insurance company, China Life, should face the largest claims from the Sichuan quake, which so far has claimed 32,477 deaths and 220,109 injuries,. The company insured 49 percent of the market n the province, while China's read...
Apr
23
EFin Advisor |
2008 10:16 PM |
0 comments
A real estate agent in Del Mar, CA, has offered a novel solution to home buyers looking for alternative financing. "Many people have a great asset in their life insurance policies and don't even realize it," agent Robert Hamzey said. "In many cases, a policy holder can sell a life insurance policy and get the cash they need for a big down payment."
These transactions are called life settlements. Older adults are able to sell their life insurance policies for significant read...