| Investors Capital Offers Comprehensive Group Health Benefit ... | | Posted Wednesday, December 13, 2006 1:04:42 PM by Blog57 Team | | Comprehensive Group Health, Dental, Vision, Life and Disability Insurance to Financial Professionals Business Editors/Financial Editors LYNNFIELD, Mass.--(BUSINESS WIRE)--Dec. 11, 2006--Investors Capital Corporation, the independent broker-dealer of Investors Capital Holdings, Ltd. (AMEX: ICH), today became one of the industry's first independent broker-dealers to offer comprehensive group health, dental, vision, life & disability insurance for its registered representatives. Effective immediately, Investors Capital will provide group benefits options that include Blue Cross Blue Shield PPO health insurance, Guardian dental, life and disability insurance as well as vision insurance from VSP. This new benefits program allows Investors Capital Corporation's representatives to purchase health insurance for themselves, their employees and their families at competitive rates.... | |
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| | | Long-term liabilities? | | Posted Monday, November 13, 2006 11:16:01 AM by Blog57 Team | | To avoid becoming a financial burden to her children and grandchildren, Vera Smith bought long-term care insurance. Like a growing number of Americans, the 87-year-old retiree saw it as a sensible way to cover care-giving costs not included in Medicare and conventional health insurance. But nearly two years ago, Smith's insurer stopped paying benefits, contending that she violated the policy's terms by moving in with her daughter after she became too frail to take care of herself. That forced Veray Smith, the daughter, to quit her supervisory job and sell her mother's south Los Angeles house so she could afford to stay home with her. "I'm the full-time caregiver now. It's hard," said Veray, who along with her mother has sued the insurer for bad faith. The insurer, Penn Treaty Network America Insurance Corp., declined to comment.... | |
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| | | -- Page 1 -- Times Union - Albany NY:0: | | Posted Friday, November 10, 2006 3:08:59 PM by Blog57 Team | | , which recognized the restaurant's efforts with Employment Options of the Center for Disability Services, to make the most of people's abilities. This event was celebrated in October during National Employment Disabilities Month. The NYSRA is an association of organizations providing services for those with disabilities including vocational training and job placement in work centers, supported, and competitive employment.MEDIA NEWSE-3 Communications , a public relations and public affairs agency with offices in Albany and Buffalo, was retained by Rent-A-Center, a rent-to-own operator nationwide, to provide public relations and issues management services statewide. Rueckert Advertising & Public Relations , a Colonie-based marketing communications firm, added Dignum Insurance, a Loudonville-based independent property and casualty insurance agency, to its client roster.... | |
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| | | Too many workers leave the labour market through sickness and disability benefits, says OECD | | Posted Tuesday, November 07, 2006 3:05:33 PM by Blog57 Team | | 07/11/2006 - Norway, Poland and Switzerland should do more to reduce the number of people claiming sickness benefits and help more disabled people to get jobs, according to a new OECD report. Sickness, Disability and Work: Breaking the Barriers analyses the sickness and disability policies in Norway, Poland and Switzerland and proposes steps the governments should take to cut the number of people claiming these benefits and help them back into the labour market. Government spending on sickness and disability accounted for 2.4% of GDP across OECD countries in 2004, nearly double the spending on unemployment benefits, which accounted for 1.3% of GDP in the same year. Spending on sickness and disability in Norway, Poland and Switzerland exceeds the OECD average, representing between 3% and 5% of GDP, while unemployment benefit spending is below the OECD average in all three countries.... | |
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| | | Parents, Straighten Up | | Posted Sunday, November 05, 2006 12:56:39 PM by Blog57 Team | | Saving for college is often a priority for parents -- as it should be. But saving for school doesn't give moms and dads license to neglect the rest of their financial goals, advisers say. "In talking to fellow moms and fellow parents, I realized they had no idea what their priorities should be and where they should start," says Melissa Osuch, a Glenview, Ill.-based financial planner and educator with Strategic Advisors of Illinois. Here are five common financial mistakes advisers often see parents make: It doesn't cost a bundle for parents in their 20s or 30s to purchase life insurance. ... .... | |
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| | | Insurance Firm Settles for $15.5 Million | | Posted Saturday, November 04, 2006 7:18:28 PM by Blog57 Team | | A large disability insurance company has ended what New York Attorney General Eliot Spitzer called deceptive practices and secret payments to brokers, according to a $15.5 million settlement announced Wednesday. UnumProvident Corp., based in Chattanooga, Tenn., agreed to pay restitution to policy holders and a civil penalty of $1.9 million. Many of the reforms in the settlement, which Spitzer said should serve as a model for the industry, were suggested by Unum, Spitzer said. Spitzer had accused the company of improperly compensating brokers who pitched several insurance companies' policies to prospective customers. Spitzer said the company will be the first life and disability insurer to prohibit "contingent commissions" on group insurance policies and to disclose all compensation of brokers.... | |
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| | | Injured Indian worker files lawsuit, seeks higher compensation | | Posted Sunday, October 29, 2006 11:11:26 PM by Blog57 Team | | Dubai, Oct 27: An Indian worker in the UAE who met with an accident and suffered disability, has moved the court, seeking higher compensation from his employer and the insurance firm.Fourty-year-old Ramjan Ali, a mason, met with an accident in April 2004 while working at a construction site near Jabel Dhana in Abu Dhabi's western region.The employers offered Ali to pay an additional compensation of Dh15,000 (Rs 1.85 lakh appx) besides the Dh85,000 (Rs 10 lakh appx).Ali, however, has filed a lawsuit against the company and the insurance firm citing that he borrowed almost an equal amount to help ends meet and also for legal expenses.Ali is demanding a total of Dh350,000 (Rs 43 lakh appx) towards damages.Legal adviser of Al Nasr Irrigation and Contracting Company, Nadim Al Haj, said the victim was offered his "rightful" compensation according to the law.... | |
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| | | Individual Disability Insurance Policies May Serve Property Owners Better Than Mortgage Insurance | | Posted Thursday, October 26, 2006 6:58:13 PM by Blog57 Team | | Frank N. Darras strongly advocates that property owners shop for individual disability coverage as an alternative to mortgage disability insurance. (Photo: http://www.newscom.com/cgi-bin/prnh/20051003/NYM081 ) Darras says mortgage disability policies marketed at the tail end of escrow usually have less features and provide fewer protections than if the consumer shopped for individual coverage outside of a real estate purchase. See www.sbd-law.com . "The first step in the process is to find a licensed insurance agent that you know and trust. Make sure you buy an individual disability policy that will provide enough in a monthly disability benefit to keep a roof over your family's heads, food on the table, clothes on the kids and gas in the family cars," says Darras. Next, always buy individual, non-cancelable, guaranteed renewable coverage with occupation specific protection for 5 years or preferably till age 65, if your budget allows.... | |
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| | | Long-term care plans being put to the test | | Posted Tuesday, October 24, 2006 3:00:39 AM by Blog57 Team | | To avoid becoming a financial burden to her children and grandchildren, Vera Smith bought long-term care insurance. Like a growing number of Americans, the 87-year-old retiree saw it as a sensible way to cover care-giving costs not included in Medicare and conventional health insurance. But nearly two years ago, Smith's insurer stopped paying benefits, contending that she violated the policy's terms by moving in with her daughter after she became too frail to take care of herself. That forced Veray Smith, the daughter, to quit her supervisory job and sell her mother's south Los Angeles house so she could afford to stay home with her. .... | |
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| | | Foolish Advice on Disability Insurance | | Posted Saturday, October 21, 2006 12:58:32 PM by Blog57 Team | | Apparently, I've touched a nerve. The response to last week's article on long-term care insurance was far more intense than I expected. Many of you have strong feelings about insurance in general, and long-term care in particular. Today we'll cover a related topic: disability insurance. Should you have it? Sadly, the answer is yes. The odds of someone my age being unable to work for at least a year or more is roughly one-in-five: Age Today For Six Months For One Year For Two Years For Five Years .... | |
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