Motorhome insurance is typically easy to understand.

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A Tesco delivery lorry crashed into my car at 5.30am and wrote it off. The Tesco driver admitted liability and put the insurance details on the windscreen. I claimed through my own insurance company, Admiral, and received £3,396 for the car.

I still owe £2,500 to the finance company, which would have been paid off in two years. I will have to start a new five-year loan to buy another car. As Tesco admitted liability, surely it should help? SD, London

You could have claimed through Tesco’s insurer instead of your own but even so, Tesco quickly agreed that, if you were still out of pocket, it would consider compensation for the additional costs of buying a new car – but only after the claim had been completed. Neg

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‹ Back to Home Posted on: Saturday, March 24th, 2012

If you havent noticed, LifeInsurance.org recently unveiled a new, user-friendly version of their well-known site for consumers.  The overhaul of the site aims to present a cleaner and more organized experience for consumers according to the LifeInsurance.org press release on InsuranceNewsNet.

Theres been a great response so far to the fresher site and visits have increased as consumers continue to use the site for valuable life insurance information.  The online tools at LifeInsurance.org help consumers make informed and educated decisions before purchasing a life insurance policy.  So

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‹ Back to Home Posted on: Wednesday, February 22nd, 2012

Recently, the country’s largest provider of employee insurance benefits, UNUM, announced that they will no longer offer group long-term care insurance to new customers.  Clearly, there is a great need for these services, which prompted MedAmerica Insurance Company along with LTC Financial Partners, LLC (LTCFP) to announce their broad suite of LTC products, which will be available to employees at reduced underwriting and multi-life discounts.  According to the article, “MedAmerica and LTC Financial Partners Announce a Broad Suite of Long-Term Care Insurance Products for the Workplace,” found on marketwatch.com, the LTC insurance industry is going through a vast change of policies, from traditional group plan, to multi-life LTC insurance, which is apparently more flexible and appropriate for modern times.

President of MedAmerica, Bill Jones, believes that while traditional group forms of long-term care insurance will remain in the picture, their popularity will likely decline as the multi-life model gains momentum because of its unique benefits.  This new and improved product line will combine the choice and flexibility found with individual coverage, but with the cost reduction and simplicity of traditional group plans.  Multi-life policies will have the freedom to be implemented as a voluntary benefit, one paid by the employer, or as a combination of both.  The new products will also be appropriate in all work settings, regardless of size.  CEO of LTCFP, Cameron Truesdell, claims that the traditional group plans “tend to be one-size-fits-all,” often with little choice and high premiums.  He states that due to sophisticated underwriting, and simple, high-tech implementation, there will be a plethora of options, which is almost always preferred by employees and employers alike.

The new line of products is called LTC Complete Worksite Solutions, and Med America will complete all of the underwriting and claims management.  LTCFP is the distributor of the program, with several hundred agents across the country.  There are several benefits that the suite of products boasts.  For example, employees can choose a low cost starter plan that can be used to supplement coverage or can be expanded at a later date.  Additionally, employees can specify how they’d like to receive benefits, utilizing a reimbursement or cash plan.  Inflation riders will also be available, as will personalized services from LTC specialists, amongst other things.  According to Truesdell, this product suite is a “leading example of multi-life LTC benefit, which has a huge future as our workforce grows older.”

The Courts make 3,000 eviction orders for anti-social behaviour against social tenants each year but the process is very slow and often expensive. On average it takes seven months from applying for a possession order to obtaining one and the landlord often has to prove repeatedly that the tenants have behaved badly in the past.

There are several challenges facing the life insurance industry in 2012, but executives also see opportunities they plan on taking advantage of according to the press release found on MarketWatch.com.  LOMA completed interviews of top executives in the life insurance industry about their predictions on sales, distribution, technology advances, regulation, and social media for the year 2012 and their outlook was generally positive.

The interviews were collected and for LOMAs annual industry forecast which is published in their monthly publication, Resource Magazine which does happen to be award-winning.  These interviews offer insight into what challenges the life insurance industry may face.  

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Taking a skiing or snowboarding holiday is seldom an inexpensive affair, and choosing to hit the slopes can, for many families, mean they are putting the vast majority of the annual holiday budget into one getaway. But if you take the time to carry out some research and planning, youll find that a fun packed and low cost ski holiday is not so unobtainable. By organising your break independently, you may well find you have not put the summer holiday in jeopardy after all.

Key to a cheap skiing holiday is selecting the right resort at the right time. Generally speaking, ski holidays are most inexpensive at the beginning of the season, although you can find some cheap deals at the end of the season too.

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November 17th is the Great American Smokeout, where people come to together to urge smokers to quit their habit because of the severe health effects it has on our bodies, as well as the people around us.  The known health risks keep piling up, but cigarette smokers continue to light up due to its addictive qualities.  Not only are smokers putting their health at risk but they may be facing higher health insurance and term life insurance quotes.

According to the article The Value of Not Smoking by Aaron Cave found on Money.MSN.com, a smoker in New York could save approximately $3325 a year.  This amount of money could purchase a quality life insurance policy for up to $2 million dollars.  Q

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