Editorials from around Pennsylvania:
SAVING LIVES WITH NALOXONE SHOULDN'T COST YOU LIFE INSURANCE
In 2012, the opioid crisis started to impact the life of Sharon White, now 53, from...
Life insurance provides a financial safety net for families. Sounds simple, but decisions over whether and how much to buy can get complicated, and mistakes can be costly.
SPRINGFIELD, Ill. (AP) — The Latest on legislative action in Springfield (all times local):
Illinois state Treasurer Michael Frerichs (FRAYR'-iks) has won approval of a law making it easier for survivors of deceased family members to claim life insurance benefits.
If you're thinking about buying life insurance, it helps to know some basics. Here are fast answers to common life insurance questions.
Q: What is life insurance?
A: It's insurance that pays someone after you die.
Q: Who gets the payout?
A: The person(s) you name as beneficiary on the policy.
Q: Do I need life insurance?
A: Yes, if your death would hurt someone financially.
Q: When should I buy it?
A: Usually when you have a spouse, a mortgage or kids.
JEFFERSON CITY, Mo. (AP) — A life insurance company accused of charging premiums after policyholders died has settled with Missouri insurance regulators.
The Missouri Department of Insurance says an investigation by its Market Regulation Division found CMFG Life Insurance Co. charged joint borrowers premiums after their spouses died.
The insurance department also says the company charged premiums after individuals were too old to use those policies.
IOWA CITY, Iowa (AP) — For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books.
CHICAGO (AP) — Beneficiaries of unclaimed life insurance policies already have received billions of dollars — and others could be in store for some unexpected cash — the result of state actions forcing companies to locate heirs and pay them the money they are owed.
Nearly two dozen states have passed laws requiring companies to search for beneficiaries. Illinois is the latest to consider a version of the legislation.