Facebook provides a free service that is, in effect, paid for by users providing information about their lives – location, birthday, interests, activities, etc. Facebook then takes this information and uses it to attract advertisers and other business opportunities. Dubbed the “app economy,” which includes smartphone app makers as well as Facebook, it is estimated to have generated $20 million in revenue in 2011 by selling downloads, advertising, “virtual goods” and other products, according to Market research firm Rubinson Partners. Apps that collect user information can go viral or fall into obscurity on a whim, so developers seek to cash in by gathering as much user information as possible and hope to find a way to make money from it.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
One is for a final expense and annuity IMO, and the other is for a Medicare plan IMO.
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