With various insurtech startups entering an increasingly sophisticated and competitive market, consumers may find themselves lured into buying “hype” over substance, and that’s where research comes into the equation when it comes to finding the correct life insurance policy – at the best price. So what questions do you need to ask yourself when you begin your search? We’re here for you… How much should I pay for a life insurance quote? Nothing. You shouldn’t pay for…
Read MoreAuthor: Todd Halterman
Inside Insurance Slang – Why You Don’t Need A Choke and Croak Credit Policy
As with all professions, practitioners develop a sort of shorthand or slang to describe the various elements of their day-to-day business. Sometimes the slang has a dark edge – and a nefarious intent. Take, for example, the phrase “robbing the coffin.” That little ditty refers to someone who has a relationship with a person considerably older than themselves – often in an effort to gain from life insurance policies of the soon-to-be deceased. Yet another…
Read MoreFollow the Money – Insurtech Is Pulling Big Funding From Venture Capitalists
Insurers predate the adoption of electricity. But it’s innovation which sets precedents that ultimately result in tidal shifts in the way business is conducted. While the US insurance industry alone produces more than $1 trillion of revenue a year, there’s still plenty of room for growth – and room to take advantage of opportunities. One outfit at the bleeding edge of how insurtech startups come into being, Plug and Play, say they plan to fund…
Read MoreHow Drunk Tweets and Big Data Will Affect You and Your Insurance Premiums
Like it or not, Big Data is fast becoming critical to competing in the field of insurance from underwriting to rating in the property and casualty insurance markets. As a result, the National Association of Insurance Commissioners (NAIC) are taking up the gauntlet and their Innovation and Technology Task Force is focusing on offering consumer protections related to how that influx of data is utilized. The deputy commissioner and chief actuary from the Alabama Department…
Read MoreCan Insurance Protect You and Your Business From Hackers
You’re not just left relying on LifeLock when it comes to protecting yourself from hackers these days. Now American International Group Inc (AIG) is partnering with insurers who offer products aimed at providing consumer safeguards against cyber criminals intent on filching personal data. AIG is now rolling out a product which offers coverage against expenses accrued in the fight against online threats like extortion and even online bullying. They call it “Family CyberEdge,” and the…
Read MoreMedical Pot Covered By Health Insurance? Look to Canada and See the Future
Patients in Canada say the high cost associated with their ‘medication’ is pushing them to seek illegal sources for their medical marijuana. They say conventional medications which fail to ease their pain from maladies ranging from back pain to PTSD to sleep disorders are often alleviated by medical marijuana, but they add that the price of the treatments can run nearly as much as conventional drugs. Canadian Jill Grindle told CBC News that her standard insurance plan…
Read MoreBoy Asleep With Hoe Returned – The Strangest Insurance Story Headline in History
The phrase “boy asleep with hoe” has a rather different meaning these days than it did back in 1976. But nowadays, once again, the phrase is associated with good news nonetheless. The search for a Norman Rockwell painting stolen 40 years ago from a Cherry Hill, New Jersey home began as the FBI Art Crime Team and the Cherry Hill Police Department descended on the site following a break-in back on June 30, 1976. A piece…
Read MoreWill Self-driving Cars Be Self-insuring?
You’re not far from sharing the city streets and highways with “self-driving” cars, and aside the from the ethical and technological concerns, you’ll also have to worry about what will happen if one plows into you during your commute. Make no mistake, self-driving, autonomous cars are the future. While developers say self-driving cars will prove to be safer through their melding of sensors and analytical software, there’s one rule that applies to everything in this…
Read MoreAirsurety Has You And Your Family Covered On Your Trips Around the World
If you’ve ever stood around in an airport thinking about buying travel insurance, we’re pretty sure you found the process confusing – so many options and different types of coverage can leave your eyes rolling back in your head. Now a new insurtech venture, Airsurety, Inc., has simplified the process of buying your travel insurance policy with what they call Accidental Death Benefit on an Airplane. It’s straightforward stuff and simple to understand. Airsurety offers…
Read MoreStraight Answers to Every Single Question You Can Think of About Buying Life Insurance
When it comes time to take the first step toward purchasing life insurance to protect your family and your business, you’ll need some guidance. We’re committed to providing you rock-solid tips and in-depth information to make your insuring buying experience smooth like butter. Knowledge is power. Feel the power… Fundamentals of life insurance What’s covered and not covered on the modern life insurance policy? What is the difference between term and whole life insurance? What…
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