Archive for death benefits
You are browsing the archives of death benefits.
You are browsing the archives of death benefits.
Life settlements are defined as the sale of a life insurance policy by the policy owner for less than face value of the policy to third party investors. In essence, investors that are third parties make a plan to profit when an insured dies by receiving more than what is to be paid out in death benefits. The sooner an insured dies the more profit is made. Vitical settlements are similar to life settlements with the exception of the insured being chronically or terminally ill.
This is the first of a 6 part series pertaining to the trouble that businesses and business owners can find themselves in when dealing with the workers compensation system. This articles deals with both the civil and criminal penalties that any organization with employees could face if the state finds them to be non-compliant.
Part 1 of a series: The 6 things every employer MUST know about workers compensation insurance