Insurance News

Posts Tagged ‘Benefits

Secret’s out.

For more than a decade, Prudential Financial Inc. has had a confidential arrangement with the U.S. Department of Veterans Affairs to withhold lump-sum payments of life-insurance benefits to the family of dead soldiers, so that Prudential could invest that money and keep whatever cash it made it itself, Bloomberg News reported.

The VA failed to inform soldiers and their families of the agreement. Prudential, the second-largest Read the rest of this entry »

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State insurance regulators, under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum.

“You may be able to earn a higher rate of interest on the life insurance proceeds if you select a different payout option,” the National Association of Insurance Commissioners said in the alert. “While the documents you receive Read the rest of this entry »

Perfect Benefits Group works with all types of insurance companies nationwide to help bring our clients the best in added-value benefits and solutions. Whether you are located in New York or North Dakota, PBG has a solution for you.

We provide the most comprehensive service in the industry with an approach that focuses on three main areas; analysis, planning and execution.
Our first concern is to provide a comprehensive evaluation of Read the rest of this entry »

A report issued on the same day that the government released its latest unemployment data shows why most laid-off people are likely to lose their health coverage: The average national premium costs for family COBRA coverage consume almost 84 percent of average unemployment benefits.

The report, issued by the consumer health organization Families USA, focuses on the unaffordability of COBRA coverage, which allows laid-off workers Read the rest of this entry »