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Archive for June 2011

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Written by lordsinsurancelog

June 29, 2011 at 11:11 am

Posted in Daily Quip

The World of Podcasts

Do you know what a podcast is? A podcast, in simple terms, is a recorded talk show for the internet. You can download it anytime and listen to it anywhere you go, pause it when you want, and store up to thousands of conversations and ideas on your MP3 player instead of music. Whether you’re jogging, driving on a long commute, or just lounging around the home – a podcast is a great way to learn while multi-tasking. Here are some of my personal favorites:

Read the rest of this entry »

Written by lordsinsurancelog

June 29, 2011 at 11:04 am

Posted in Misc

5 Signs You Need Life Insurance

With all the hype about gold, stocks and the economy, you may have forgotten other key aspects of personal finance, like life insurance. For many, or maybe even most of us, life insurance is actually a bigger concern. If you or I died prematurely, how else could we protect our loved ones from financial hardship? Advisors will often tell you if you’re short of funds and have to choose between investing and buying life insurance, get the insurance. (Would your death leave loved ones financially stranded? Find out how to ease your mind and keep them protected. Check out Life Insurance: Putting A Price On Peace Of Mind.)

TUTORIAL: Introduction To Insurance

Although most people could use at least some life insurance (if only to cover their own funeral expenses), not everyone absolutely has to have it – like a retired suburban couple with $3,000,000 in savings, no children, no mortgage or other major debt, and no college expenses. If one spouse died, the other would probably be just fine financially.

So how do you know if you’re a candidate for life insurance? Here are five signs you need the coverage.

1. You’re Married with Kids
If you’re hitched and have one or more children, life insurance is crucial. If you or your spouse died, the surviving spouse would need the money to keep up with car payments, buy food and clothes for the kids, save for college and retirement, and cover all the other everyday expenses the deceased person would no longer be around to help with. It’s not something anyone likes to think about, but it’s good to know money would be less of an issue if something happened to you or your spouse.

You might both want to buy life insurance even if you don’t have kids yet or don’t ever plan to. The sooner you get the coverage, the cheaper it’ll be. Besides, you’d probably want your spouse to be taken care of if you died prematurely, even if there weren’t any kids in the picture Read the rest of this entry »

Written by lordsinsurancelog

June 29, 2011 at 10:45 am

Posted in Insurance News

Health insurance claim denied? Appeal, appeal, appeal

Nobody wants to get into a fight with a health insurer, but it may be worth your while. A recent Government Accountability Office report found that more claims problems stemmed from annoying but often straightforward billing and eligibility issues than from disagreements over whether care was medically appropriate. What’s more, the odds are about 50/50 that if you appeal an insurer’s decision, you’ll win.

When Natasha Friedus’s son, Nofi, was born almost two years ago, her insurer refused to pay $1,500 of Friedus’s $7,500 hospital bill because she hadn’t gotten prior authorization for the hospital stay near her home in Seattle. The plan also sent a $600 bill to Nofi, because he’d neglected to inform the insurer that he’d be in the hospital for a few days. “Apparently he was supposed to call before being born,” Friedus says.

The new mother spent hours on the phone trying to sort out the problem, but she got nowhere. Finally, someone suggested appealing the decision to the insurer and asking for retroactive approval for her hospital stay. That did the trick, says Friedus, even though the insurer had never informed her that she could appeal the bills.

Under the 2010 health law, the situation should improve. Health plans will be required to inform members that they can appeal disputed claims internally within the health plan as well as to an independent review organization not affiliated with the health plan.
Read the rest of this entry »

Written by lordsinsurancelog

June 24, 2011 at 7:35 pm

Posted in Insurance News

New Websites to Check Out

New websites are being made every day but with so many great and bad websites, it’s difficult to filter out the interesting ones. That’s why I’m here! Here are some hand picked links to fill the Web 2.0 quota, entertain, and adds something new in your life.

NiNite – The perfect website to download/update all the necessary programs with one simple program.. It’s easy to use and perfect for people who are buying a new laptop/computer or recently reformatted.

Soluto – If your computer takes too long to start-up, this is the program for you. This simple and beautiful program will make your computer a faster experience.

Turntable.FM – For Facebook users. If you like the music that your friend plays then use this program ASAP!

Written by lordsinsurancelog

June 24, 2011 at 7:31 pm

Posted in Misc

Court denies insurance benefits to Toronto man who killed wife

A Toronto man who stabbed his estranged wife to death and attempted to claim her life insurance benefits won’t receive any payout, an Ontario Superior Court judge ruled last week.

In June 2006, Kamlesh Dhingra was found dead in her Richmond Hill, Ont., home. She was struck on her head with a marble statue of a Hindu deity and stabbed multiple times in the neck and body. While a court found that Ved Dhingra killed his wife Kamlesh Dhingra, it found him not criminally responsible for the gruesome murder because he suffered from schizoaffective disorder.

Because the court decided he wasn’t criminally responsible, Scotia Life Insurance Company said it would pay the $50,000 policy benefit to Dhingra, who was the sole beneficiary.

But last week, the Ontario Superior Court ruled that Dhingra, who was sent to the Whitby Mental Health Centre following his trial, isn’t entitled to the insurance benefits. Read the rest of this entry »

Written by lordsinsurancelog

June 23, 2011 at 7:21 pm

Posted in Insurance News

California Top Car Theft State

Some things never change. In the latest listing of top locations for car theft by the National Insurance Crime Bureau, California retains eight out of the top ten slots.

With the exception of two cities in Washington State, California’s San Joaquin Valley and Bay Area are still the hotbed of car theft in the United States they were when I lived there ten years ago.  Fresno, Modesto, and Bakersfield top the list. The Bay Area corridor and other central valley locations follow closely.

It’s no coincidence that my own 1994 Mustang Cobra disappeared from my driveway one night in 1998 when I lived in Sacramento. It was found less than two hours later stripped of its engine, transmission, interior, and other resalable Cobra specific parts.

That theft said the California Highway Patrol was the work of one of the Russian car theft gangs as evidenced by the surgical quality of the strip job and the fact it had been misted with motor oil after to prevent fingerprinting. Read the rest of this entry »

Written by lordsinsurancelog

June 23, 2011 at 7:18 pm

Posted in Insurance News