Category Archives: Life Insurance Tips

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Understanding the Cost of Getting Private Health Cover

As you go through your options for private health insurance policies, you should first understand how their costs are determined. Similar to other types of insurance policies, there are also several factors which are considered by health insurance companies in determining the cost of the premium of each of the policies that they have. One [...]

How to Negotiate Company Paid Life Insurance Benefits

A lot of today’s employers offer life insurance policy for their employees. Sometimes they are bundled with their health insurance benefits while some offers them in a freestanding offering. No matter, employers use these benefits to entice more applicants and retain their skilled workers. For both young and old employees, having life insurance coverage is [...]

Gov. Cuomo Proposes Department of Financial Regulation

Governor Cuomo said in his State of the State that many people asked where the SEC was and where other federal regulators were when the financial meltdown occurred. But he said the question should also be asked where was the NY Banking Department and where was the Insurance Department. He indicated that the division that [...]

NY Posts New Individual Annuity Outline

Did you have a long weekend? How did you spend it? Me? I reviewed the newly posted 81-page Draft Individual Fixed and/or Variable Deferred Annuity Outline. I am in the process of drafting comments, which are due to the Department on or before April 3, 2011. Let me know if you’d like me to include [...]

Lawsky Appointment to lead DFS is moving quickly

On May 16, 2011, NY Governor Cuomo announced the nomination of Benjamin Lawsky to be the superintendent of the newly created Department of Financial Services, of which Insurance will be a part.  The Times Union Capital Confidential (@TUCapCon) is tweeting this morning that the Senate Insurance Committee has approved the nomination.   Current Insurance Department [...]