New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting

The largest open long-term care insurance claim has reached $1.7 million in paid benefits, according to a just-released report from the American Association for Long-Term Care Insurance (www.AALTCI.org). The claimant, a woman, purchased coverage at age 43, paying an annual premium of $881. Three years later her long term care insurance claim began and has continued for almost 15 years.

via New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting.

More Financial Scammers Are Targeting Seniors :: Investment Fraud Lawyer Blog

As America ages, regulators are seeing more and more financial abuse of people 50 years of age or older. The North American Securities Administrators Association NASAA, the association of state securities regulators, reportedly filed 1,241 such enforcement actions in 2010, the latest year for which data has been compiled – more than double the 506 enforcement actions filed in 2009 “Financial Scammers Prey on Seniors,” by Anne Teresen, Wall Street Journal.

via More Financial Scammers Are Targeting Seniors :: Investment Fraud Lawyer Blog.

Sagicor Life Acquiring PEMCO’s Life Insurance Business

Sagicor Life Insurance Co. has an agreement to buy the policies and clients of PEMCO Life Insurance Co. from its parent company in Washington State as the latter firm exists the life insurance market.

Tampa-based Sagicor is buying about 10,000 term and whole life policies, along with about 7,500 clients, from PEMCO Mutual Insurance Co., a Washington State-based company.

via Sagicor Life acquiring PEMCO’s life insurance policies, clients | Insurance & Financial Advisor I IFAwebnews.com.