Consumerist
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insurance
What Happens When Your Life Insurer Kicks The Bucket?
Life insurance polices are backed by state guarantee associations, but the coverage offered varies drastically from state to state. Some products, like variable annuities, can be recovered in full because of the way they're structured, but if you have term life insurance or a universal policy, you should know the limitations of your state's coverage... More » -
jackpots
Banks Use Life Insurance Policies To Fund Executive Bonuses
Here's a morbid bit of creative accounting, courtesy of the Wall Street Journal: if you work for Bank of America, J.P. Morgan Chase, or Wells Fargo, your employer may have taken out a life insurance policy on you.
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settlers
Settlers Life Insurance Denies Claim For Widow Of Gunshot Victim Due To Pre-Existing Medical Condition
At Settlers Life Insurance, being shot in the back by unknown assailants is trumped by Hepatitis C, and they won't pay your benefits. According to the lawsuit filed last week (pdf), Curtis McCraw held a life insurance policy with Settlers Life Insurance at the time of his murder in April 2008. When his wife Stephanie McCraw attempted to claim the Accidental Death Benefit, Settlers denied her claim because her husband had "a pre-existing liver condition." We knew Hepatitis was bad, but we didn't know it could pull out a gun and shoot you. We wonder if Hepatitis C is what really killed Kennedy.
"What's a Pre-Existing Condition to Murder?" [Courthouse News Service] (Thanks to Chris!)
(Photo: Charles & Clint) -
funny
I Am Going To Kick Your Ass Unless You Get Life Insurance
The expression on the little guy's face in this banner ad seems say, "I'm gonna kick your ass unless you get some freakin' life insurance." Maybe even throw in a "sucker" at the end there. Seriously, what's his deal? He's sooo angry! -
money
Personal Finance Roundup
When should you spend to save? [MSN Money] "Are warehouse store memberships a good deal? How about extended warranties? It all depends on the products — and on you, the shopper."
7 reasons to review term life coverage [Bankrate] "There are several life events that may modify your need for term life insurance coverage."
Seven Tips for the Newly Unemployed [Wise Bread] "Here are some tips that could be helpful for those [facing unemployment]."
Four Habits of Financially Peaceful People [Yahoo Finance] "Some people who have found financial peace — and the habits they share."
4 Ways to Save on College Textbooks [Smart Money] "Here are some other ways students can save [on textbooks]."
— FREE MONEY FINANCE
(Photo: balotto) -
Spherion
Spherion Corp. Steals $426,000 From Widow
Thomas Amschwand knew he was dying and did everything in his power to make sure his wife would be able to collect his $426,000 life insurance policy. Yet when the 30-year-old succumbed to heart cancer, his employer, Spherion, a temporary staffing company, told his widow Melissa that she would receive nothing. More » -
big box
Walmart Took Secret Life Insurance Policies Out On Employees, Collected After Their Death
According to CourtTV and the Tampa Tribune, Walmart has been secretly taking out life insurance policies on its employees and cashing them in when said employees pass away. That's what happened to Karen Armatrout and her family, according to a lawsuit filed in U.S. District Court. From the Tampa Tribune: More »
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