Tag Archives: life insurance

Most Americans don’t have life insurance, but wish they did

| ara@queenscourier.com

(ARA) – If you know you need life insurance, but still don’t have individual coverage, you’re not alone. According to the Life Insurance and Market Research Association, most Americans say life insurance is important, yet only one-third of them are covered by an individual policy. That’s the lowest level in 50 years.

“Most Americans know life insurance protects their loved ones against financial hardship in the event of an unexpected death,” said Brian Murphy, who heads up The Hartford’s life insurance business. “But 40 percent of consumers get so discouraged by how long it takes to buy a permanent policy that they simply give up without getting the coverage they know they need.”

Applicants who want to buy life insurance are sometimes faced with perplexing forms and an approval process that can take more than a month to complete.

Murphy says there are new ways of buying life insurance that take the pain out of the process. He also has some suggestions for how to improve on the old way of doing things.

“When today’s consumers are used to buying products online and receiving them at home within 48 hours,” Murphy says, “they have little patience for waiting a month or more to receive a new life insurance policy.”

Fortunately, consumers can help streamline the application process. Murphy offers four tips for speeding things up:

* Do your homework first. Find out about your options before you fill out a single application. You should know how much insurance you need, what type of policy you want and the terms and premium you can live with before you submit an application to any insurer.

* Check your credit report before you apply. Many insurers take your credit score and habits into account when determining your life insurance premium. Knowing your score in advance can help ensure there are no surprises when you get your approved policy and the bill for your first premium.

* Be thorough and honest on the application. Virtually every insurer will ask health-related questions, and many will also require a health exam. Being less than truthful about weight, lifestyle habits and health conditions can cause your application to be delayed or even rejected.

* Allow sufficient time when scheduling your health exam so that neither you nor the examiner feels rushed or pressured. Ask what the exam will entail and if there are any requirements, like fasting or drinking lots of liquids. When making the appointment, also ask if you will need any additional tests – such as an EKG or X-rays – and find out if you can arrange for those to be done quickly.

* Consider taking a new approach. Consumers aren’t the only ones who recognize the importance of accelerating the application process; insurers do, too.

“By creating a new way of assessing a person’s risk factors and accelerating the process, consumers can now get life insurance coverage in a fraction of the time it used to take,” Murphy said. “And that means far more people are getting the coverage they really need to protect their families and loved ones.”


Man who ‘killed’ wife took control of life-insurance payout for kids

| jlane@queenscourier.com

Graphic by Jay Lane

Man who ‘killed’ wife took control of life-insurance payout for kids

The man being sued for allegedly murdering his Upper West Side wife surreptitiously took control of the $1.6 million life-insurance-policy payout she’d left behind for their two kids, The Post has learned. Rod Covlin, 39, filed papers in Westchester County Surrogate’s Court in April seeking to be named guardian of the cashed-in Aetna policy that Shele Danishefsky Covlin, a money manager, had left for Anna and Myles. “I am Anna’s father,” an affidavit reads. “I have her best interests at heart, and I am in the best position to determine her current and future needs.” Read More: New York Post

Man posed as a cop during sexual assault

The New York Police Department is asking for the public’s assistance in identifying and locating the individuals wanted in connection with a sexual assault and robbery. On Sunday, November 20 at approximately 10:30 p.m., one female victim was posting flyers when she was approached on the street by a burgundy-colored van or SUV with four individuals inside. One suspect — described as a Hispanic male — displayed a business card with a police logo, then told the victim it was illegal to post flyers and asked for her identification, according to police. Read More: Queens Courier

End of an era: Flushing’s Palace Diner closing

The faithful frequenters of Flushing’s Palace Diner will have to find a new haunt once the local landmark serves its last meal after more than three decades in the neighborhood. The diner, which sits along the Long Island Expressway on the corner of Main Street and Horace Harding Expressway and has been a neighborhood mainstay for 35 years, will close its doors for good on Friday, December 30. “Friday is going to be another very emotional day,” said owner George Mantzikos. Read More: Queens Courier

Office Cleaners Rally In Midtown As Strike Threat Remains

Contract negotiations will continue Thursday to try to prevent a strike of more than 20,000 office cleaners in the city, but rallying service employees in Midtown and their supporters pledged on Wednesday to strike if an agreement is not reached by the time the old contract expires. The Realty Advisory Board on Labor Relations, which represents building management, and Service Employees International Union Local 32BJ failed to resolve their differences over wages and benefits in the Sheraton Hotel on Wednesday. Read More: NY1

New State Law To Ban Minors From Local Hookah Bars

Steinway Street between 25th and 28th Avenue in Astoria is Queens’ so-called “Hookah Strip,” where people go to smoke “shisha,” or flavored tobacco, through a water pipe known as hookah. The industry is not well-regulated and the businesses are exempt from the state’s ban on smoking in bars and restaurants, so the owners often create their own rules when it comes to minors. Many places do not allow them inside, but some do. That is about to change under a new state law banning minors from these mostly Middle Eastern establishments that have become popular with other Americans. Read More: NY1

Western Queens parents group: we’ve got two overcrowded schools that need additions built  

A western Queens parents group plans to push the city to build additions at two overcrowded elementary schools where the the lack of space is so severe that students are studying in hallways or in a leaky modular unit. Community Education Council District 30 will present its concerns about Public School 11, in Woodside, and PS 2, in Jackson Heights, to the city on January 6 in its annual recommendations to the School Construction Authority. Read More: Daily News

Astoria realtor to shave off his signature mustache to raise money for autism support group

A respected Queens community leader is attempting to turn the mustache he’s sported for the last 35 years into some cold hard cash for an autism organization. Astoria realtor Paul Halvatzis, 52, of Flushing, is to have his beloved whiskers shaved off on Friday at the Redken Saloon Salon in Astoria in an attempt to raise $35,000 for Quality Services for the Autism Community. The group provides support services to autistic individuals and their families in New York City and Long Island. Read More: Daily News

Counterfeit Cash Smuggler at JFK

A Colombian woman was busted at JFK with nearly $300,000 of counterfeit U.S. currency in her luggage, federal officials said yesterday. Karol Andrea Chilito Solarte, 29, who flew here from Medellin, was arrested on December 15 after Customs and Border Protection officers spotted an unusual thickness at the bottom of her suitcase, a spokesman for the agency said. The oddly shaped suitcase sparked the suspicions of Customs officers — and a closer examination uncovered 46 packages of phony $100 bills totaling almost $300,000, the spokesman said. Read More: New York Post