As of March 15, some portion of Sears' 90,000 retirees lost their company-paid life insuranceThe polices were worth at least $5,000, with most ranging from $8,000 to $10,000A Sears retirees' organization is considering a court challenge to the company's move In February, the roughly 40,000 people still employed at Sears learned they continue to have jobs, at least for awhile, after a bankruptcy judge approved Eddie Lampert's bid to buy what remains of the retailer out of bankruptcy. But this month, an undisclosed number of Sears' 90,000 retirees learned the retailer had ended their life insurance benefits. The unwelcome news came in a letter notifying eligible retirees that their life insurance benefit had been canceled March 15, said Ron Olbrysh, who chairs the National Association of Retired Sears Employees, or NARSE. Olbrysh said he received the notice March 20. It offered retirees the option to convert into a whole life policy all or a portion of the prior amount of … [Read more...] about Sears tells retirees to pay for their own life insurance
Getting life insurance
DNA Privacy: Test Results Could Affect Your Life Insurance Coverage
Family intrigue led Larry Guernsey to buy his wife a DNA test kit for the holidays. "She’s always been interested in genealogy," Guernsey said. The $99 AncestryDNA test uses a saliva sample to unlock your lineage. "A simple test can reveal your ethnic mix. Like, if you're Irish or Scandinavian - or both," a commercial for the company says. Home DNA kits can now test for some life-threatening diseases, but they also have limitations. News4's Doreen Gentzler explains what you should consider before taking one. (Published Wednesday, Feb. 27, 2019) For the Guernseys, the test was supposed to be fun. But their curiosity twisted to suspicion when they read the fine print. By taking the test they were giving Ancestry a “perpetual, royalty-free worldwide transferable license” to use their DNA, according to the company's contract. Get Breaking News Alerts With the NBC Washington App "That entire phrase ‘perpetual, royalty-free, worldwide, … [Read more...] about DNA Privacy: Test Results Could Affect Your Life Insurance Coverage
Guilty: Man who murdered wife at their Rush Green home weeks after taking out life insurance
PUBLISHED: 13:45 07 February 2019 | UPDATED: 14:26 07 February 2019 Emily Pennink Thomas Peter has been convicted of murder. Picture: Met Police Met Police A manipulative man who strangled his wife and set light to her body after taking out more than £300,000 in life insurance has been found guilty of murder. Emergency services in Valentines Way, Rush Green Picture: Tom HortonSerial adulterer Thomas Peter, 50, had throttled his job centre worker wife Karen in the past and took out the policy just weeks before the killing at the family home in Valentines Way, Rush Green, the Old Bailey was told.The plasterer attacked 50-year-old Mrs Peter while their three children were at home on August 2 last year because he feared she had met someone new, jurors were told.Gareth Patterson QC said he showed “not one ounce of compassion” for his wife of 24 years, who was just starting to grow in confidence after suffering years of his … [Read more...] about Guilty: Man who murdered wife at their Rush Green home weeks after taking out life insurance
Florida Woman Gets Life in Prison for Husband’s 2000 Killing
A Florida woman convicted of helping mastermind the killing of her husband nearly two decades ago has been sentenced to life in prison. The Tallahassee Democrat reports that a circuit judge sentenced Denise Williams on Wednesday, also giving her 30 years for conspiracy. Williams was convicted last December of first-degree murder and conspiracy to commit murder for her role in a case that recalled the plot of the Hollywood classic "Double Indemnity." Prosecutors argued that she plotted the killing of her husband in a scheme to get a $1.75 million life insurance payout. Brian Winchester testified he had an affair with Williams and shot her husband in December 2000. Winchester helped authorities find Mike Williams' buried body in 2017. Attorneys for Denise Williams maintained Winchester lied to get revenge. Get the latest from NBC 6 anywhere, anytime Download the App Available for IOS and Android Follow NBC 6 Twitter | Facebook | Instagram Copyright … [Read more...] about Florida Woman Gets Life in Prison for Husband’s 2000 Killing
Egyptian National Allegedly Drove Autistic Children Off Pier to Collect Life Insurance Money
An Egyptian national is facing fraud charges for allegedly driving his severely autistic children off a pier at the Port of Los Angeles to collect money off of their life insurance policies, prosecutors said. Federal prosecutors charged Ali Elmezayen, 44, with mail fraud, wire fraud, and aggravated identity theft, for allegedly “posing as his domestic partner” when making calls to the insurance companies after his eight-year-old and 11-year-old, both of whom had severe autism, drowned when Elmezayen’s vehicle crashed into the ocean, the Justice Department announced last Tuesday.The Los Angeles County District Attorney’s Office did not charge Elmezayen for the deaths of his sons because authorities lacked sufficient evidence to prosecute him for murder, the Associated Press reported. “This case alleges a calculated and coldhearted scheme to profit off the deaths of two helpless children,” Nick Hanna, U.S. attorney for the Central District of … [Read more...] about Egyptian National Allegedly Drove Autistic Children Off Pier to Collect Life Insurance Money