Life Insurance News

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Insurance Companies Profiting Off Dead American Soldiers

(July 28) -- Bloomberg Markets magazine has a disturbing scoop: Insurance companies are misleading families of fallen American soldiers and keeping the bulk of the profits from the interest on their life insurance policies. Along with much other evidence, reporter David Evans offers up the anecdotal example of Prudential...

Report: Ex-'Survivor' Producer Took Out Life Insurance

(May 28) -- Former "Survivor" producer Bruce Beresford-Redman's wife, who was found dead in a Cancun sewer, was persuaded by her husband to take out a life insurance policy just before the couple traveled to Mexico for vacation, her sister said today. "My sister had mentioned that Bruce had convinced her to do a life...

Oklahoma State Wants Their Donors Dead

I'm having some Fred MacMurray in "Double Indemnity" visions. The Oklahoma State Athletic Department will be taking out $10 million insurance policies on 25 of its alumni/donors. OSU's "Gift of a Lifetime" program involves selected alums in a broad age spread who have qualified for $10 million individual life insurance...

Background on Life Insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person.

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