Most people don’t like to think about life insurance - it’s such a reminder of their own mortality.But life insurance can be a critically important purchase, especially for those who have children, a spouse or parents to support. Now is a good time to review both term and permanent life policies because premiums have come […]
The three top executives of Kelco Inc. were sentenced to federal prison yesterday and ordered to pay a total of $661,292 to 18 victims of fraud involving life insurance policies purchased by Kelco.U.S. District Judge Karl S. Forester sentenced Stephen L. Keller, 40, Kelco’s founder and CEO, to 14 years; R. Grant Sutherlin, 26, vice […]
Aug. 10 In a business where the customer usually has to die to collect, life-insurance buyers are now profiting by living longer. As better medical care and healthier lifestyles extend life spans, insurers continually adjust the mortality tables they use to estimate how long their policyholders will live . Longer lives mean fewer claims. As […]
BLOOMINGTON - Longer life spans could mean smaller life insurance premiums, according to new actuarial tables OK’d by the National Association of Insurance Commissioners. The new mortality tables - called the Commissioners Standard Ordinary, or CSO, mortality tables - could lower life insurance rates, at least indirectly, for new State Farm Insurance Cos. policyholders by […]
Life insurance is available in several forms: Term Insurance A policy written for a specific period of time, usually 10 to 20 years, that pays a death benefit if you die during that term. Protection ends unless the policy is renewed.Permanent Insurance A policy in force as long as you pay the premiums, with a […]