Life Insurance Corporation (LIC) of India is the country’s largest life insurer, providing coverage to millions of policyholders. If you have an LIC policy, it’s crucial to pay premiums on time to keep your valuable coverage active. But what happens if you miss payments or stop paying LIC premiums altogether? There can be serious consequences, … Read more
If you are enrolled in Medicare, you may notice that you have been issued 2 different Medicare cards with 2 different Medicare numbers. This can understandably cause confusion, as most people expect to only have one Medicare number. In fact, there are certain situations where it is perfectly normal for a Medicare beneficiary to have … Read more
The IDV or Insured Declared Value of your car plays a vital role in determining the premium you pay for your car insurance policy. It is also crucial in deciding the claim settlement amount in case of total loss or theft of your vehicle. As your car grows older, its market value decreases due to … Read more
Employer-sponsored health insurance plans have traditionally been the most common form of health coverage in the United States. Even with rising trends of high-deductible plans and individual marketplaces, most working Americans still get their health insurance through their job. There are several key advantages to getting health insurance through your employer: Lower Premium Costs One … Read more
UnitedHealthcare, one of the largest health insurance providers in the United States, is facing allegations that it has been wrongfully denying claims using an artificial intelligence (AI) algorithm. Two recent lawsuits accuse the company of deploying technology to automatically reject claims for Medicare Advantage members’ post-acute care. Lawsuits Allege AI Use to Deny Claims In … Read more
When a permanent life insurance policy lapses due to nonpayment of premiums, policyholders have certain options under the nonforfeiture clause to still receive some value from the policy. But which option provides the highest amount of continued life insurance protection? The nonforfeiture option that provides the highest level of continued insurance coverage is the extended … Read more
Life Insurance Corporation (LIC) of India is the country’s largest life insurer. Most Indians invest in LIC policies as they offer guaranteed returns along with life cover. One of the key benefits of LIC policies is the bonuses they accrue over time. But can policyholders withdraw these bonuses anytime they want? Let’s find out. What … Read more
CoreSource is a subsidiary of Trustmark, a large insurance and benefits company based in Illinois. CoreSource offers a range of health insurance administration services and products focused on employers. Below is an overview of the types of insurance and services that CoreSource provides. About CoreSource CoreSource is a benefits administration and healthcare management company headquartered … Read more
UnitedHealthcare and Freedom Life Insurance Company have an affiliation through their parent organization USHEALTH Group. Freedom Life Insurance operates as a subsidiary of USHEALTH Group, which is a UnitedHealthcare company. While this relationship exists, it’s important to understand the structure and operations of each company. This article will explain the connection between UnitedHealthcare, USHEALTH Group, … Read more
PAC stands for Premium Allocation Charge. It is an important term to understand when purchasing a life insurance policy, as it can impact your premium amount and the allocation of your funds within the policy. In this comprehensive guide, we will explain what exactly PAC is, how it works, and things to keep in mind … Read more