Category: insurance claim

ATTORNEY NEWSLETTER Lost Life Insurance Policies There are millions and millions of dollars in life insurance benefits that go begging every year. A series of investigations and audits by a multistate task force recently tallied $7.5 billion in unclaimed benefits at the country’s 25 largest life insurers. The task force […]

ATTORNEY NEWSLETTER California Insurance Code 1871.7 One of the primary aims of the California Insurance Code is to protect individuals from insurance fraud. As a part of that Code, the California Insurance Frauds Prevention Act (“IFPA”) allows anyone to file whistleblower lawsuits against any company engaging in insurance fraud. Indeed, […]

ATTORNEY NEWSLETTER How to Prepare for Changing Rates Planning Ahead Many people see life insurance as a solid way of planning for the future. If you purchase a whole life insurance policy while you’re young, and start making payment early, you can keep your monthly payment down while accruing cash […]

ATTORNEY NEWSLETTER Whole Life Insurance and How to Escape It Somewhere in the vicinity of 60 percent of people living in the United States have some sort of life insurance. Insurance companies collect millions in revenue off the policies, and most people agree that it’s important to own. Getting one […]

ATTORNEY NEWSLETTER Why do Annuities Have a Bad Reputation? If you’ve been looking into an annuity, it’s almost certain you’ve come across a lot of sources warning you away. Why is that? On the surface, an annuity can make sense: purchasing an annuity now can save money on taxes, provide […]

ATTORNEY NEWSLETTER The Indexed Universal Life Insurance policy is a recent invention, only coming into existence in the last decade or so. Traditional life insurance can be traced back for centuries, and is among the most regulated and carefully monitored financial product in existence. Considering that, what’s the advantage of […]

ATTORNEY NEWSLETTER It’s tempting to see retirement saving as a viable way to get big returns off Wall St. investment, to provide a hefty sum for potential medical costs, caretaking, and passing on to the next generation of your family. But the cost of big returns is big risks, and […]

ATTORNEY NEWSLETTER An increasing number of seniors have been adding risky financial products to their retirement finances, guided by so-called “elder financial planners” and other shysters looking to make some money out of seniors’ life savings. One of their methods is to sell retirees a deferred annuity. The idea is […]

ATTORNEY NEWSLETTER Finra, the Financial Industry Regulatory Authority, has decided to give financial advisers the authority to circumvent rules on trade execution when they believe that an elderly client is being manipulated or financially abused. Till now, there was no way of stopping a transaction carried out by unscrupulous relatives […]

ATTORNEY NEWSLETTER If you’ve ever seen an advertisement for free lunch seminars on living trusts, or for the astoundingly low cost to set one up, you may be thinking it’s too good to be true. Well, you’re right. It’s probably a lure for a living trust mill. It has long […]