Thirteen municipal entities plan to enroll in state Group Insurance Commission coverage in the upcoming plan year, as the agency weighs potential benefit changes to constrain rising health care costs.

In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

HADLEY — With a Dec. 1 deadline looming for deciding whether to leave the Hampshire County Group Insurance Trust, Hadley officials recently learned of the growing likelihood that the town will remain ...

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A life insurance trust lets you have more control over how and when your loved ones receive the lump sum payout from your insurance when you die. You might also help reduce an inheritance tax bill ...

AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bbb” (Good) of The Group Insurance Trust of the ...

The Federal Deposit Insurance Corporation (FDIC) changed its deposit insurance coverage for some accounts effective April 1, 2024. The basic insurance limit of $250,000 per account still holds and ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering ...