Travel Insurance 24

Universal Life Insurance can provide a tax haven. Photo by Garry Knight

Universal life insurance can provide a tax haven for many Canadians. The following are four key tax advantages of universal life insurance.

1. Accumulation fund grows on a tax sheltered basis. Each universal life policy has a minimum and maximum premium. The minimum premium generally covers the cost of insurance and any administrative charges and anything above the minimum premium, up to the maximum, goes into the policy accumulation fund. This accumulation fund grows on a tax-sheltered basis.

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He’s an auto insurance company’s dream customer. He’s driven millions of miles and had no preventable accidents. Most drivers could probably learn a thing or two from Rickey Oliver, a Brookhaven, Mississippi-based professional truck driver for Wal-Mart Transportation. Since Rickey has spent 27 years behind the wheel, traveling 3.5 million miles he was just named the American Trucking Associations’ 2011 National Truck Driver of the Year.

It’s considered the highest honor of professional truck drivers. “Rickey Oliver embodies the professional truck driver who delivers America’s goods safely and efficiently everyday,” said ATA President and CEO Bill Graves in a news release.  ”His passion f

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The health law’s long-term care program, which has faced concerns about its fiscal sustainability, appears at risk following reports that the HHS office overseeing it faces a key staff reduction.

The Wall Street Journal: Long-Term Care Program In Doubt The Obama administration said it may not enact a long-term-care insurance program included in last year’s legislation that overhauled health care. The initiative, known as the Class Act, was designed to help Americans cover the cost of aid for daily living needs such as bathing and using the toilet should they become too old or sick to care for themselves. It became law when President Barack Obama signed the health-care overhaul in 2010, though the program hasn’t begun operating.

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State Farm Insurance said on Sunday that it has paid $5 billion to its customers for weather-related catastrophes so far this year. In the wake of a number of natural disasters–including numerous tornadoes, wildfires and hurricanes–damage to cars, homes and other properties has resulted in major payouts from the company.

State Farm Receives Nearly 1 Million Claims

In its announcement, State Farm revealed it had received over 970,000 claims as of Sept. 23. Whil

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