Credit Life Insurance Rip-off
Washington, D.C. — This morning, the Consumer Federation of America (CFA), U.S. Public Research Group (U.S. PIRG), and many grassroots consumer groups released new data that most credit life insurance...
View ArticleA Buyer’s Guide to Insurance
Many books have been written about the four types of personal insurance – auto, homwowners or renter, life and health. This booklet can’t cover everything, but most consumers can save hundreds of...
View ArticleFinancial Planning Association of Greater Hudson Valley Technical Aspects in...
After graduating from Middlebury College with a major in mathematics and doing graduate work in statistics at the London School of Economics, I realized I wasn’t competent to be a mathematician. The...
View ArticleVariable Universal Life Insurance: Is it Worth it?
Variable life insurance provides death benefits and cash values that vary in accordance with the performance of a selected investment portfolio. It has been available in the United States for about a...
View ArticleVariable Universal Life Insurance: Worth Buying Now?
The writer has been pleased to hear from several of his Rate of Return Service (www.evaluatelifeinsurance.org) customers that his 2003 paper, Variable Universal Life Insurance: Is it Worth it?, has...
View ArticleConsumer Federation Urges National Association of Insurance Commissioners to...
Dear President Praeger, It has come to our attention that AFLAC is routinely denying claims for accidental death in aircraft accidents. The frequency with which these denials have occurred raises...
View ArticleComments of the Consumer Federation of America and the Center for Economic...
The major investment banks Bear Stearns and Lehman Brothers failed because of weak capital standards. When insurance giant AIG failed, the NAIC and individual state insurance regulators were quick to...
View ArticleConsumer Groups Applaud Insurance Regulators’ Decision to Keep Life Insurers...
The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) today praised state insurance commissioners for rejecting proposals from the life insurance industry to reduce the...
View ArticleConsumer Letter Urging CFPA Authority over Credit-Related Insurance Products
On July 15, 2009, thirteen insurance industry trade organizations sent a letter asking that no insurance products or practices be included in the proposal to create a Consumer Financial Protection...
View ArticleCFA Urges Secretary Gates to Take Action Against Life Insurers Denying Cash...
The Honorable Robert M. Gates Secretary United States Department of Defense The Pentagon, Room 3E880 Washington, DC 20301 Dear Secretary Gates: The attached Bloomberg article, “Fallen Soldiers’...
View ArticleCFA Urges Secretary Shinseki to Take Action Against Life Insurers Denying...
The Honorable Eric Ken Shinseki Secretary United States Department of Veterans Affairs 810 Vermont Avenue, NW Washington, DC 20420 Dear Secretary Shinseki: The Consumer Federation of America (CFA)...
View ArticleLong-Term Disability Income Insurance Brochure
A serious illness or injury can harm more than your health—it can have an impact on your ability to work and meet your family’s living expenses. Long-term disability income insurance helps you pay...
View ArticleMiscellaneous Observations on Life Insurance: Including an Update to 2007...
What Kind of Term Life Insurance Should I Buy? This simple question does not have a simple answer. About 1985, the author had the assignment of developing new term rates for Massachusetts Savings Bank...
View ArticleNational Survey Reveals Important Income Protection Needs, and Opportunities,...
Washington, D.C. – In a national survey of nearly 1,200 employees, the Consumer Federation of America (CFA) and Unum learned that workers know little about group disability insurance, even important...
View ArticleEmployee Knowledge and Attitudes about Employer-Provided Disability Insurance
Introduction Employer-provided disability insurance, along with other forms of insurance such as workers’ compensation and Social Security Disability Insurance (SSDI), provide financial protection to...
View ArticleLow Ball: An Insider’s Look at How Some Insurers Can Manipulate Computerized...
Over the past ten to fifteen years, the payment of bodily injury claims covered by automobile or home and property insurance has evolved from a system based primarily upon the experience and knowledge...
View ArticleConsumer Groups Comments Regarding Proposed Charges for the NAIC Life (A)...
The undersigned NAIC Consumer Representatives and Consumer Organizations write to urge the members of the A Committee to adopt the proposals and recommendations contained in the Center for Economic...
View ArticleInsurance Regulators Warned Not to Weaken Financial Strength of Life...
Consumer groups have urged the National Association of Insurance Commissioners (NAIC) to reject life insurance industry proposals to dramatically cut the amount of money that life insurers must set...
View ArticleCFA Calls on State Insurance Commissioners to Stop Unfair Price Hikes in...
Washington, D.C. – The Consumer Federation of America (CFA) has sent a letter to all state insurance commissioners asking them to take action to study and prohibit any unfair price increases being...
View ArticleCFA Calls on Insurance Commissioners to Stop Unfair Price Hikes in Universal...
Consumer Federation of America is calling on insurance commissioners to take action to study and prohibit any unfair price increases being imposed on citizens Universal Life insurance policies. The...
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