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Police in the UK are attempting to hit back at organized crime by making gangsters pay more for their life insurance. They aim to do this by passing on information about criminals and their business dealings to insurance companies.

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Coventry is the force behind America’s huge secondary life insurance market – so it came as no surprise that they were elated by the result of a recent U.S high court case.

In the recent court case – Kramer v. Phoenix Life Insurance Company, the New York Court of Appeals sided with the purchaser of a life insurance policy, rather than the life insurer. Phoen

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Whole life insurance is a type of life insurance which works for the insured person’s entire life, and some sort of a premium is paid every year. For WLI, the company assures that the cash value of the policy will increase irrespective of the company’s performance or death claims. At time of death, the company gives the recipient either the option of cash value or death benefit. Whole life insurance works differently than normal life insurance programs, and has many advantages.

Infinite banking

One of the lesser known advice about whole life insurance, this strategy consists of funding your own infinite banking system via whole life insurance policy. Read more…

Coventry First is suing an anonymous critic who posted fake tweets, making the company appear to cheer for the death of policyholders. The Fort Washington, Pa.-based secondary life insurance firm filed a lawsuit on Tuesday in Philadelphia federal court, accusing the critic of unfair competition and trademark infringement.

Anonymous Critic Sends Damaging Tweets

Coventry First, which is considered a leading player in the secondary life insurance market–a market in which investors pay individuals for the right to collect on their policies–says the anonymous critic has set up the Twitter account @coventryfirst and is breaking the law by sending damaging tweets.

The tweets consist of messages like “horrible weekend … no plane crashes” and “natural disasters are good for business!” implying that the company takes pleasure in the deaths of policyholders.

The secondary life insurance (also known as life settlement) market has come under fire in recent years because of the very nature of the market–profiting on the death of another person.

The anonymous critic is jumping in on the debate with its implications that the company is not only profiting on the deaths of the policyholders it buys from, but is actually looking forward to their deaths.

Coventry Seeks Monetary Damages

The life insurer has sought a court order for monetary damages as well as the destruction of the Twitter page. In addition, th

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Dave Jones, California’s Insurance Commissioner, has stepped up his effort to investigate top life insurance companies.