Home HIV tests create new problems: some may fraudulently purchase life insurance to fund medical care

Article Abstract:

The advent of new HIV testing and treatment technologies creates opportunities for insurance fraud. Consumers can anonymously use a home medical test kit to test for HIV infection. Also, combination drug therapies are improving the health of HIV-positive patients. Because HIV-related medical problems often do not appear within the first years of infection, consumers could purchase a life insurance policy, wait during the two year contestable period, and then receive a percentage of the policy's face value from a viatical settlement company.

Prevention, Ethical aspects, HIV testing, HIV tests, Viatical settlements, Insurance fraud

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Primerica's metamorphosis

Article Abstract:

Primerica Financial Services (PFS) has staged a successful comeback under the direction of parent company Travelers Group. By repositioning itself as the financial planner for the middle class, PFS has become a primary distribution engine for financial services. Despite its reputation for selling overpriced products through poorly-trained agents, the company has been the top seller of individual life insurance for a nine year period. In May 1996, the company launched Compensation 2000, a program to promote growth and cross-selling.

Financial Services, Finance and Insurance, Financial services industry, Cover Story, Behavior, Primerica Financial Services Inc., Williams, Arthur L.

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Scandinavian highlights - insurers open to possibilities

Article Abstract:

Life insurance companies are reorganizing their Scandinavian operations. Acquisition and merger activity within the Swedish financial services industry was strong during the first six months of 1996 and analysts expect the trend to continue. Insurance companies are also developing new distribution channels and cutting or shifting personnel in Scandinavia.

Sweden, Scandinavia, Skandia AB

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