15 Jan
Posted by: Ethan Collin in: Featured Articles
If you are filing bankruptcy, you may be concerned about your life insurance proceeds and whether they will enter the picture as part of your assets.
Depending upon the situation, most life insurance proceeds are immune from bankruptcy proceedings. However, there are some exceptions to this rule.
First, it is important to determine what type of bankruptcy you are filing. There are three types which are generally used by the average person: Chapter 7, which is a liquidation; Chapter 13, also called a “wage-earner” plan, in which you make payments to a trustee; and Chapter 11, which is a business bankruptcy.
Depending on what type of bankruptcy you file, some or all of your life insurance proceeds could be subject to the court’s jurisdiction.
If you are filing a Chapter 7 and you own a term-life policy, none of the proceeds will be subject to the bankruptcy. This
10 Jan
Posted by: Ethan Collin in: Featured Articles
Recent increases of a government levy on health insurance has seen price hikes in Ireland, resulting in thousands of people cancelling their cover.
The levy, which is set to rise again by as much as 40%, could result in average adult prices going from EUR205 to EUR285 and the price of insurance for children increasing from EUR66 to EUR95.
The initial levy saw 75,000 people cancel their private cover last year, putting added pressure on an already stressed public health system.
If the expected levy increased is introduced, experts expect to see more cancellations this year.
“If prices were to increase again in 2012 as a result of this levy, the cancellation figure could be anything up to 100,000 by next January.The challenge for the industry is that those cancelling tend to be the younger, healthier lives,” said Health Insurance expert Dermot Good.
“The impact of this trend is that the insurers are left with higher claims costs which cause more upward pressure on premiums and thus the cycle of increased cancellations/premium hikes continues.”
A number of main health insurers in Ireland have already announced price increases for 2012 with Quinn Healthcare stating a 12% increase on top of the 20% increase some customers experienced last year.
Aviva have announced a 15% increase for this year, while VHI prices are rising by 2%. This ti
Motorcycles are not as common on the road, and their insurance requirements are not as well known. Although there are small differences, motorcycle insurance is mostly the same as car insurance. Just as with car insurance, California requires a minimum amount of liability coverage in case the motorcycle is involved in an accident. The minimum amount of coverage breaks down to:
In addition to the minimum liability coverage, there are other types of insurance you may want to consider adding, just like you would for your car.
How much does the average American spend on health care? Are costs and quality of health care equal across U.S. states? Do Americans get good value for money spent on health services compared with citizens of other developed nations? Are current health spending trends sustainable through the twenty-first century?
All too often, policymakers and the public alike form judgments about health care based on myths and misconceptions. A common refrain is that U.S. health care is too expensive–both in costs to the taxpayer and costs to the consumer. But few realize that despite its lack of national health insurance, the United States leads nearly all other industrialized nations in the share of health spending paid by third parties, whether public or private.
01 Jan
Posted by: Oscar Brentnall in: Insurance Notes
In the good old days–that is, the era before MySpace–drivers interested in learning more about car insurance might rely on their insurance agent, a family member or even Consumer Reports to guide them.
But in today’s high-tech world, that’s quickly changing.
Now, Facebook, Twitter and other social media networks have become the go-to source for car insurance advice and information.
Check out the full-length article from InsWeb:
Disasters can be scary but worse is when one is not prepared for one. Especially when they do not have enough insurance coverage or they don’t know what to do after a disaster. Here is a 3 Step Homeowners Insurance Disaster Guide that can help any homeowner prepare for a disaster.