Survivorship life insurance - a quantitative analysis

Article Abstract:

Survivorship life insurance policies have become widely accepted in estate planning largely because of their lower premiums per $1000 of coverage. However, both insured must die and time between the two deaths can create an unmeasured risk for the beneficiary. Therefore, a spreadsheet is included to measure the consequences for beneficiaries if the insured has either a single-life policy or a survivorship policy. According to an analysis based on the same carrier for both policies, survivorship polices are most effective for older married couples who are close in age.

Evaluation, Survivors' benefits

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Life insurer insolvency: liability concerns of agents and brokers

Article Abstract:

The liability of insurance agents and brokers is limited by their restricted position in the sale of individual life insurance policies. As long as the insurance company was certified solvent by a regulatory authority, agents and brokers have no liability for choosing a later insolvent company unless they made inaccurate representations as to the company's solvency. In addition, agents and brokers do not have to inform insured of later insolvency unless such continued policy service is in their contracts.

Cases, Tort liability, Insurance agents, Tort liability of insurance companies, Insurance companies

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