A year ago I spoke publicly for the first and only time about losing my mother suddenly, just before I was 12. It’s the defining tragedy of my life and, even now, as a professional broadcaster, I stutter through it with pain-laced difficulty. I did that BBC interview to raise awareness of the children’s counselling charity GriefEncounter.org.uk of which I’m proudly a patron. It’s a subject close to my heart. In a class of 30, typically one will lose a parent before they grow up. On top of the terrible emotional impact, there are often serious financial consequences. Yet new parents at my TV roadshows never ask me about this, instead focusing on how to save for their children. As parents, none of us wants to imagine not being there for our kids. Forgive me, but you need to. So after I congratulate them and answer, I always ask them if they’ve got life insurance. Types of life insurance Life insurance is designed to pay out a lump sum when you die, … [Read more...] about Money expert Martin Lewis gives his best tips on best life insurance for parents
Life insurance awareness month
Answer: You should first review your mortgage protection policy. If you have been with the same provider for 15 years without reviewing cover then it may not be adequate for your family's circumstances, according to Joey Sheahan of Sheahan Financial in Dublin and Cork. There are lots of providers on the market offering good value, so you should be assessing that you have sufficient cover and you are getting the best deal, he said. Serious illness cover pays out a lump sum if you are diagnosed with various illnesses specified in your policy document. You do not need to be out of work for any period of time in order to make a claim. It is important to review the different illnesses covered by each insurance company. For example, out of six companies in the Irish market, just three companies cover chronic pancreatitis, Mr Sheahan said. With income protection you need to be out of work and without pay for a period of between four weeks and 52 weeks before you can claim. Most illnesses are … [Read more...] about Your Questions: We’ve a lot of policies but do we have too much insurance cover?
Staff at life insurance firm GB Life Luxembourg are raising awareness about men’s cancers and mental health by growing moustaches for Movember. A staff member at GB Life Luxembourg shows off his Movember moustache Photo: GB Life Luxembourg The Movember Foundation tackles men’s health on a global scale by using the moustache to remove the stigma and help raise funds for worthy projects. Each November, thousands of Mo Bros and Mo Sistas around the world down razors for the month and join the movement. Staff at GB Life Luxembourg, in collaboration with Njörd and Rawdish, joined the challenge and were bristling with pride to show off their tache-tastic efforts so far. “Our team took part by growing moutsaches and doing the Move this Movember challenge by walking together. All the ladies (Mo Sista) are wearing adhesive moustache to raise awareness,” company marketer Adelia Putri told Delano. The firm is raising funds for the Movember Foundation until 30 … [Read more...] about GB Life does Movember
Ken Alltucker USA TODAY Published 4:25 PM EDT Nov 1, 2018 Chad Bertanzetti is a young, active and healthy 44. But he bought health insurance three years ago in case he was injured while enjoying outdoor hobbies such as rock climbing, snowboarding and mountain biking. So when a high-speed snowboarding accident shattered and dislocated the Colorado Springs man's shoulder in 2016, he thought his hospital stay would be covered by his short-term plan. But repeated payment claims for a shoulder-repair operation, doctors’ visits and a follow-up surgery were rejected by his health insurer. Bertanzetti has filed a federal lawsuit challenging the refusal of HCC Life Insurance and HCC Medical Insurance to pay his claims. He has amassed tens of thousands of dollars in unpaid medical bills. “I’m still able to pay all my (non-medical) bills and take care of my family,” Bertanzetti said. "But they just killed my credit." … [Read more...] about Obamacare enrollment under Trump: Short-term health insurance cheaper, riskier
Susan Tompor Detroit Free Press Published 11:00 p.m. UTC Sep 2, 2018 As we mourn the high-profile deaths of soul icon Aretha Franklin and Arizona Sen. John McCain this past week, it's not a bad time to put a spotlight on dreaded topics, such as end-of-life paperwork. No matter how loved or how respected, people die. And those who are left behind must gather the pieces. So where exactly is that life insurance policy? You might think no one could lose track of a life insurance policy. Think again. At one point, it was estimated that at least $10 billion in life insurance policies nationwide had gone unclaimed or unpaid. My own family ran up against this one when my father died in 2001. Many families don't know if someone took out a life insurance policy. Or they don't know what company holds the policy. People may move around from one state to another and lose the paperwork. Many times, frankly, people don't like to talk about … [Read more...] about Finding a lost life insurance policy: 3 ways to get started on your search