Tuesday, June 29, 2010
Monday, June 28, 2010
Saturday, June 26, 2010
Health Insurance Fraud and Preexisting Conditions
Lying about preexisting conditions is a form of health insurance fraud
In addition to these financial burdens placed on both insurance carriers and their customers, these crimes pose safety risks to both the legitimately insured patient and the fraudulent one.
Friday, June 25, 2010
Thursday, June 24, 2010
Wednesday, June 23, 2010
Tuesday, June 22, 2010
Saturday, June 19, 2010
Fixed Indexed Annuity Performance
Indexed annuities, also commonly called fixed indexed annuities or equity indexed annuities, are a unique type of retirement investment vehicle.
By linking the annuity account’s performance to a common stock market index, like the Dow Jones Industrial Average or S&P 500, but not actually investing any of the owner’s money into the stock market, the annuity company can offer clients the ability to participate in most of the market’s gains while still protecting their money from any declines.
The concept has gotten more popular in the late 2000s and early 2010s as the nation’s economy becomes more volatile, and countless investors have taken advantage of indexed annuity guarantees.
By linking the annuity account’s performance to a common stock market index, like the Dow Jones Industrial Average or S&P 500, but not actually investing any of the owner’s money into the stock market, the annuity company can offer clients the ability to participate in most of the market’s gains while still protecting their money from any declines.
The concept has gotten more popular in the late 2000s and early 2010s as the nation’s economy becomes more volatile, and countless investors have taken advantage of indexed annuity guarantees.
Friday, June 18, 2010
Wednesday, June 16, 2010
Tuesday, June 15, 2010
Life Insurance Underwriting Standards
Every life insurance company has its own underwriting standards
There is often a delay of several weeks, and sometimes months, between the time an insurance company receives a life insurance application and the time they it finally decides acceptance, coverage terms and price.
During those weeks or months, the carrier is “underwriting” the proposed policy, or evaluating every aspect of the applicant to analyze risk. Every life insurance company has its own internal underwriting standards, and while some carriers have specialized underwriting for certain risks or ailments, a consensus has evolved over the years, resulting in generalized standards for a large portion of the industry.