126th Cavalcade Of Risk

Welcome to the 126th Cavalcade of Risk, where we’re showcasing the best in risk-related writing from around the web. As a primary risk-management tool, insurance in all of its various forms tends to show up a lot of the posts, but there’s something for everyone here, so dig in…

Increasing Premiums For Universal Life Insurance

[…] In a reminder that Universal Life insurance (a form of permanent life insurance) premiums are not fixed, a recent class action lawsuit in CA ended with a federal judge ruling that Conseco Life Insurance Co. cannot triple premiums for 50,000 policy holders who have had their policies since the late 80s and early 90s. The courts got involved because the proposed premium increases were so significant, but the complexities of universal life insurance include a lot of flexibility in terms of premiums. […]

Disability And Long Term Care Riders On Life Insurance Policies

One of the advantages of permanent life insurance is that there are all sorts of riders that you can purchase along with the policy. Two that could be particularly useful are available through The Hartford: The LifeAccess rider and the Disability Access rider. The LifeAccess rider aims to take the place of a long term care insurance policy for people who have life insurance but not a separate long term care policy. The Disability Access rider provides a safety net for people who don’t have short term disability insurance coverage (the rider does not provide long term disability coverage). […]