News. Insights. Analysis. Inspiration.
Today's Key Question:
Have you thought about selling your life insurance policy that has outlived its usefulness? Even though some carriers do not like that, many courts apparently do.
See the article below from JD Supra.
"The Pandemic Has Hit the Family Courts- What Should I Do Now?"
* In recent weeks, the Administrative Office of the Courts has released its statistics, and the news is not surprising. The courts in New Jersey are facing an unprecedented backlogs, and the Family Court has been hit particularly hard. For those facing divorce, custody issues, post judgment issues, or any family matter, there are alternatives to consider.
"Private Schools Are Adapting to Lockdown Better Than the Public School Monopoly"
* This might also explain why the new national Education Nextsurvey found that parents were substantially more satisfied with private and charter schools' responses to the pandemic than they were with those of district-run schools. Parents of children in private and charter schools were at least 50 percent more likely to report being "very satisfied" with the instruction provided during the lockdown than parents of children in traditional public schools.
These results aren't surprising. Private schools can adapt to change more effectively because they are less hampered down by onerous regulations than their government-run counterparts. Choice schools also have real incentives to provide a meaningful education to their students while reopening safely. Private and charter schools know that their customers—families—can walk away and take their money with them if they fail to meet their needs.
"How America’s Hospitals Survived the First Wave of the Coronavirus"
* “But in the early weeks of the pandemic, state health departments waived many rules and hospitals responded by increasing their capacity, sometimes dramatically. “Just because you only have six ICU beds doesn’t mean they will only have six ICU beds next week,” Muhlestein said. “They can really ramp that up. That’s one of the things we’re learning.”
"Columbus Life’s New Attack on the Secondary Market"
* However, policyowners and investors in life settlements need not back down and accept these attacks. There are several affirmative defenses and counterclaims that can be explored in response to Columbus Life’s complaints. This can include, at a minimum, seeking to recoup the premiums paid to Columbus Life, which courts in many jurisdictions have awarded to a policyholder whose policy was found to be void ab initio. Depending on the jurisdiction and circumstances of the case, policyholders may also be able to assert state statutory or common law claims against Columbus Life for, among other things, engaging in a practice of collecting premiums on policies the company had no intent of honoring.
Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here