Life Insurance

Life Insurance on You? Here is some input from WikiAnswers contributors: If you feel that someone has fraudulently placed an...

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The National Association of Insurance Commissioners has a "Life Insurance Company Location System" to help you find state...

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I have done some research on this and it seems most life-insurance companies have a suicide clause, which states that they will...

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Variable universal life insurance combines the flexibility of a universal life insurance with the investment account features of...

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Life Insurance Benefits Taxable? Death benefits are usually not subject to federal income tax. There are exceptions, though, if...

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Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis. One of...

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The best thisng to do with term policies is to keep paying the premium. This is because as your age increases the premium for a...

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The "bankruptcy" of an insurance company is referred to as "insolvency". It is roughly defined as the financial inability to pay...

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AnswerHere's are some tips:What if you know someone was insured, but you can't find the policy, and don't even know what company...

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AnswerThe cash value in any life insurance policy does not belong to the owner of the policy. The cash value is an asset...

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As per my knowledge both Reinstatement & Revival are two different terms for the same thing , definition of which is following...

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Many cancer patients can, indeed, find affordable life insurance coverage. How? The key is finding a knowledgeable broker with...

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Systems, processes and procedures are all used by the staff responsible for policy processing. Here, new policy processing...

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You should expect to receive forms and information in 5 to 10 day. Once the Death Certificate and forms have been returned...

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SmokiThere is a probationary period from the date that the policy is sold and accepted. If the applicant lied on the insurance...

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A life insurance trust is used to remove the assets and death benefit of the life insurance policy out of the insured's estate...

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Mortgage insurance is mortgage insurance, usually sold to the applicant at the closing of the purchase of a house. At the title...

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You need to contact the insurance company to find out. Unfortunately, there is no easy way to find out what insurance company, if...

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Universal life insurance is a type of whole life insurance. Universal life differs from other whole life policies in that it...

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Sure it can, provided the court has sufficient proof to esablish doing so would be in everyone, particularly the children's best...

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Adjustable whole life insurance allows you to vary your coverage as your insurance needs change. You normally choose the face...

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Variable life insurance differs from whole life insurance and universal life insurance in that policy owners direct the...

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Typically it is called "Net Cash Surrender Value". This is the amount of cash value in the policy accumulation account minus any...

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No, go for it

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Hi, I don't think there's an easy answer to this question. As I understand it, surrender charges vary widely among insurance...

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AnswerLast survivor life insurance, or survivorship life insurance, is a type of joint whole life insurance designed mainly for...

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The National Association of Insurance Commissioners has a "Life Insurance Company Location System" to help you find state...

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The face value is what your beneficiaries will collect. The cash value is the excess of your premium payments over the cost of...

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Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated...

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Beneficiary's obligation The beneficiary has no legal obligation to pay the bills solely in the name of the insured.

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AnswerYou should have your mother leave the insurance to a trust and then you or your family as trustee, then the IRS cannot get...

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Mortgage insuranceFor mortgage - I don't know of any companies that offer unemployment coverage other than through the State,...

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No. In fact, the benefit will usually grow at interest until the insurance company can locate a beneficiary. One thing that...

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Of Course! Ther're not dead yet are they? But ... here's the issue: Insurance companies may be reluctant to issue a policy. There...

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Yes you can. To get insurance, insurance companies, want to see an "insurable interest." Since he is the father of your child,...

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Good question and I understand your moral dilemma. There must be an insurable interest in order for one party (you) to...

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Before it was made illegal, some insurance agents used a sales pitch for universal life insurance that suggested the premiums...

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Hi Reb, The primary beneficiary is named within the policy document. The primary beneficiary may or may not be the...

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Term life insurance is the simplest, and usually the cheapest, form of life insurance. Term life insurance provides protection...

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AnswerI am sorry for you and your mother's loss. I hope you are doing okay.Take a look at the life insurance policy itself. There...

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One rule of thumb is to buy an amount equal to five to seven times your annual gross income. But the real question is how much...

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Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum,...

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No. How can they prove that nothing was received, if nothing was received? The person who was supposed to pay for the policy...

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The coroner or the State/Count Medical Examiner would make the initial determination. This is done at the local level.COD may...

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Participating life insurance is what a policy is called when the agent gives the pitch that sounds like "and when the company...

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Permanent life insurance is another name for whole life insurance. It provides permanent, lifelong protection. This distinguishes...

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Credit life insurance is used to pay off a debt, such as a loan for car, furniture, electronics, appliances, etc., if you die or...

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If you have a question about the validity of the offer you can contact the department of insurance in your state and ask if they...

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AnswerNormally, when one buys an insurance policy a primary beneficiary is designated, as is a "contingent" beneficiary. The...

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This is why people need to have an agent they can talk to and trust. The agent can answer this question immediately. If you own...

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IMHO, the very best way to get life insurance quotes is to find a broker, who (1) knows the underwriting industry (who...

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Take a look at the illustrations - they should have a "caveat" similar to this. Guaranteed Contract The guaranteed Accumulated...

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Yes, as a matter of fact, you can! Assuming you've found a qualified broker that's willing and able to work with you "long...

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Whole life insurance gives you lifetime coverage at a premium rate that does not increase with your age after you buy. In the...

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Contact the Insurance Commissioner, they probably had the company taken over by another company.

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Money 101 life insurance There are many companies selling life insurance on the Web, that will give free quotes and advice. The...

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AnswerAn insurance company makes a decision to issue coverage based on the answers on the application, the company's underwriting...

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By now you have cancelled the first policy and received a refund for the unused period. In answer to your question, had you...

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The only changes that can be made to a life insurance policy are those requested by the insured. The company does not have right...

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AnswerShop around to obtain quotes from many different life insurance companies. Prices vary wildly among competing life...

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AnswerIf you are not working with an agent for the company that issued the policy, you need to locate one. An agent can...

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When your policy was issued, a lot of things were different. First, you were 30 years younger and Second (and more importantly...

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No No is correct. Let's look at it this way. Suppose today you buy a term policy for $100,000 and pay the full years...

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Yes

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The company is now known as Old Line Life Insurance Company of America. It was purchased by, and has become a wholly-owned...

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"Group insurance" is to be distinguished from individual insurance. In that sense, a group policy provides coverage for multiple...

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Maine-based Union Mutual demutualized in November of 1986, and became UNUM Life Insurance Company of America. Eligible Union...

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**All you need is to contact Conseco - Why is finding the agent relevant? **US Companies sell ALL over the world... The...

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AnswerThe cosigner if there is one is first to be responsible for the balance of the loan. After that the mom's estate meaning...

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They are usually not subject to Income Taxes, but may be subject to Estate Taxes. It would be VERY unusual for income taxes to be...

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AnswerOPTerm 20 is the product name for Banner Life Insurance Company's term life insurance policy. The "20" indicates the number...

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Most states require that all beneficiaries receive a copy of the will when the probate process is started. If not, the will is...

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Insurance is a cost-sharing mechanism designed to limit peope's financial risks to sudden, severe and unanticipated losses. The...

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Call an insurance agency for a quote. When you contact an agent ask to see prices from different carriers and make sure you...

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They don't "test" for cancer but the question is in the application and interview process. The insurance company will also check...

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Check the terms of the policy. In most cases, yes, as long as the beneficiary was not responsible in any way for the murder. The...

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insurance course 33

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It depends on what the deceased parent has put in their Will. If they said that the surviving parent takes care of any monies or...

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if you die; you get cash

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Rebating is when the insurance agent takes a portion of his or her commission and gives it to the person applying for life...

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AnswerYou may be able to obtain coverage on an ex-spouse if you are dependent on them for financial support. Many times during a...

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No. A life insurance company can only void a policy if there was material misrepresentation. A material misrepresentation refers...

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Whether or not an insurance company is "good" depends in large part upon a consumer's experience with it (usually how claims were...

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unsuperannuated

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no, intangible

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Gandhi's aim for better life is be honest . Help other . work for Mother INDIA and for for INDIA. Simple word is "Love all" .

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Not with a properly named beneficiary. If the beneficiary is the owner can the life insurance policy be attached by a lien? If...

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Can you show an insurable interest? That is, do you have an economic loss if she dies? Estate Taxes? There are specialty...

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There are always Guaranteed Issue Policies, limited benefits the first 3 years. Contact an agent, complete an application and...

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Insurance contracts are not one sided. There are two parties to the contract. The insurance company who agrees to insure the...

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Generally, if the beneficiary is deceased, the proceeds go to the contingent beneficiary, or if none, to the estate of the...

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Depends on how much authority is given in the power of attorney.

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A Joint Life Policy is an assurance policy taken on the joint lives of the partners. On the death of a partner, the firm becomes...

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AnswerBenefits may be payable if the insured commits suicide, but it depends upon the terms of the policy. Because the contract...

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The general issue that this raises is that of "insurable interest". That term refers to the fact that a person taking out a life...

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Before becoming an independent agent, it is advisable that you have some experience in the insurance business. Primarily because...

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No, the beneficiary of a life insurance cannot be changed by the executor unless he's the owner of the policy. The proceeds of...

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Both whole life and universal life have cash values. For Whole Life -Picture a rectangle/box with a line from the bottom left...

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I believe if you are the personal representative or executor of the will you would need to contact the life company providing...

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