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Husband’s new job had an insurance requirement that if the spouse can get insurance through their own employer, then husband’s employer won’t cover spouse. “Insurance kicked in day 1.
Executive Life Insurance Company (ELIC) was once the largest life insurance company in California. Its financial problems and subsequent insolvency in April 1991 shocked its policyholders and the financial world. [1] At the time, First Executive was the biggest insurer ever to fail, which resulted primarily from money-losing investments in junk ...
As early as 1979, Feldman had sold more life insurance than anyone in history. [3] He sold life insurance policies with a total face value of about $1.5-billion [4] for New York Life from 1942 to his death in 1993. He once held the world record for the most products sold (by value) by a salesman in a career, a year ($100,000,000), and in a ...
Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse ...
There are so many types of insurance available to consumers. Life insurance (various kinds), private mortgage insurance and pet insurance are just some of the options out there. Also See: 6 ...
5 minutes could get you up to $2M in life insurance coverage — with no medical exam or blood test Though the number of fires this year is similar to last, the area burned in 2023 is almost 20 ...
Equitable Life Assurance Society: United Kingdom: 8 Dec 2000: Insurance: The insurance company's directors unlawfully used money from people holding guaranteed annuity rate policies to subsidise people with current annuity rate policies. After a House of Lords judgment in Equitable Life Assurance Society v Hyman, the Society closed.
More than 550,000 people lost their safety net insurance coverage, nearly 150,000 of them children, according to Bimestefer’s office. ... “They didn’t warn me in any way, shape or form ...