Home
Wiki Answers > Categories > Business and Finance > Insurance > Life Insurance Questions
Life Insurance
Total questions 7300
Where can you go in New Jersey to complete the pre-licensing course for life and health producers license?
Check out Bisys Education service for self study materials. You can get it thru me for a discount. 4lifeguild
Popularity: 23 • Tools: Recategorize
What is the policy premium?
chance consideration paid by u 4 making contract enforceable
Popularity: 23 • Tools: Recategorize
Do you have to use life insurance to pay deceased spouse medical bills?
The recipient likely will not care how the bills are paid. You can use any legal funds available to pay any such costs.
Popularity: 22 • Tools: Recategorize
How do you reactivate an insurance policy which is already on reduced paid-up or extended term status especially if it has a policy loan at the time premiums become in default?
Good One! In order to "re-activate" an insurance policy that is in any kind of default status you must pay back any owed...
Popularity: 22 • Tools: Recategorize
Can you buy life insurance for your parents?
Yes. Are they willing to sign the application and take the physical? Is there an economic loss, ie insurable...
Popularity: 22 • Tools: Recategorize
Is the cash value of life insurance taxable in the state of Florida?
NO the Tax Court held that the cash values were not constructively received by the taxpayer where he could not reach them...
Popularity: 22 • Tools: Recategorize
What limitations are placed on the insured by the insurer regarding to whom the ownership of the policy may be transferred?
Transfer of Life Insurance Policies To transfer ownership of a life insurance policy, follow these steps: Contact your...
Popularity: 22 • Tools: Recategorize
Can you buy life insurance if you are a convicted felon?
No a convicted felon still serving time or on probation can not. Depending on crime after probation is over then it's a...
Popularity: 22 • Tools: Recategorize
What are the tax implications of drawing out the cash value of a policy?
Shouldn't be any, as long as you don't lapse the policy. If you do - then as I understand it - the amount that you get, over what...
Popularity: 22 • Tools: Recategorize
Is anyone other than the policy owner allowed to make beneficiary changes to a life insurance policy?
No. Answer depends on the policy. usually, the answer is no. however, there are exceptions. For instance, someone with the...
Popularity: 22 • Tools: Recategorize
Is using the cash value in a whole life insurance plan to pay your premiums considered a loan?
Yes. Commonly referred to as an 'automatic premium loan', if no premium payment has been received by the end of the grace period,...
Popularity: 22 • Tools: Recategorize
Can the legal guardian of a comatose patient change the beneficiary on a life insurance policy?
No, not unless the legal guardian is the owner of the policy. 4lifeguild
Popularity: 22 • Tools: Recategorize
What is the address of World Ins Co?
World Insurance Company 11808 Grant Street Omaha, NE 68164-3603
Popularity: 22 • Tools: Recategorize
How can you buy life insurance for your brother who can not afford it if he has children who would need this insurance to cover their expenses?
As you are a relative and not his wife, you would not have what they call an 'insurable interest' - such as a wife/husband,...
Popularity: 22 • Tools: Recategorize
Can you take out insurance on your spouse without their knowledge?
No you may not. The insured must sign the application and in most cases be subject to a paramed exam based on the amount of...
Popularity: 22 • Tools: Recategorize
Are there any options to keeping cash surrender proceeds from being currently taxable?
They are only taxable to the extent that you are getting more than you paid in.
Popularity: 22 • Tools: Recategorize
What is a dual policy in insurance?
Popularity: 22 • Tools: Recategorize • Needs Answer
What is an event limit in group life insurance?
Sounds like a limit on what the group plan would pay out on any one event.
Popularity: 22 • Tools: Recategorize
What is meant by insurance is a subject matter of solicitation?
This has something to do with the following concept behind the insurance: (1) The Insurer (i.e. insurance company) and Insured...
Popularity: 22 • Tools: Recategorize
How bajaj allianz related to tcl?
Tcl is one of the corporate agent of bajaj allianz(channel partner)
Popularity: 22 • Tools: Recategorize
If your husband has your son as a beneficiary on his life insurance policy and won't take the time to get this changed what happens if he passes away?
IT DEPENDS WHO IS ON THE POLICY AT THE TIME OF DEATH. IF HIS SON IS ON THERE THEN HIS SON GETS THE MONEY
Popularity: 21 • Tools: Recategorize
Is the cash value of life insurance from relative taxable in MD.?
NO, if you have not actually received the $$$. If you have received $$$ please be more explicit into how much and why you got the...
Popularity: 21 • Tools: Recategorize
Is it possible for a 49 year old man sentenced to one year in federal prison for corporate fraud to obtain life insurance to provide for his family If so where?
For the right premium, just about ANYTHING is possible. Find a local agent in your state and work with them. You can find a...
Popularity: 21 • Tools: Recategorize
Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Popularity: 21 • Tools: Recategorize
If you own a life insurance policy on your spouse and you die first do they become new owner?
I depends upon what her will says.
Popularity: 21 • Tools: Recategorize
What reasons can a life insurance company use to deny a claim?
If it is beyond the 1st two years, nothing short of dying while commiting a felony. They will deny the claim if the insured did...
Popularity: 21 • Tools: Recategorize
What if you just bought term life insurance and a month later you die will the insurance company pay?
In most cases, yes. However some policies have provisions for reduced benefits the first few years or a suicide provision that...
Popularity: 21 • Tools: Recategorize
How do you search for unclaimed insurance?
Popularity: 21 • Tools: Recategorize • Needs Answer
What is extended term insurance on a lapsed Whole Life Policy?
A whole life or permanent insurance builds cash or surrender value. When it lapses one can get the cash out, have extended term...
Popularity: 21 • Tools: Recategorize
Can your ex keep a life insurance policy on you if you remarry?
Yes. You only have to show "Insurable Interest" when the policy is taken out. What if there are children involved or spousal...
Popularity: 21 • Tools: Recategorize
Can an ex lay claim to their former spouse's life insurance if a new spouse was named as the beneficiary?
No.
Popularity: 21 • Tools: Recategorize
Can a prison inmate get life insurance?
I've been in the Insurance Business 30 years, my Dad & Grandfather both were too. They taught me that if the client has the...
Popularity: 21 • Tools: Recategorize
Is there a statute of limitation to claim a life insurance policy?
No, not at all. You may have some difficulty claiming it if the premiums are not current but if the policy was in good standing...
Popularity: 21 • Tools: Recategorize
Do the elderly need life insurance?
Probably, burial expenses, estate planning, taxes, etc for more info.
Popularity: 21 • Tools: Recategorize
Which Insurance company took over Canadian Premier Life Insurance Company of Saskatchewan?
Aegon. http://www.canadianpremier.ca/About_Us.htm
Popularity: 21 • Tools: Recategorize
As a beneificary of an insurance policy that was owned by a deceased family member and the company went public and the policy went to stoc k would you as the nephew still be the recipient of the benef?
You as the beneficiary of the insurance policy should have been paid the face value of the policy. Why the insurance company has...
Popularity: 21 • Tools: Recategorize
What type of life insurance policy pays dividends whole life or equity or partcipating or nonforfeitable?
Question - What type of life insurance pays dividends? Answer - Dividends are paid by participating life insurance policies. The...
Popularity: 21 • Tools: Recategorize
How do you figure a title insurance premium using a risk rate Example 50000 policy based on a risk rate of 30.00 per thousand?
Figuring Title Insurance Premium Hi - this is some basic math $50,000.00 insurance policy at a rate of $30.00 per thousand ...
Popularity: 21 • Tools: Recategorize
Which insurance company took over Atlantic Life Insurance Company of Richmond Virginia?
Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the...
Popularity: 21 • Tools: Recategorize
Where is reliance group holdings united pacific life that used to be located at federal way washington?
UNITED PACIFIC LIFE INSURANCE COMPANY was owned by General Electric; specifically G.E. Capital Assurance Co. (G.E. Financial)...
Popularity: 21 • Tools: Recategorize
How do you find out if someone had a will and how do you know if you are in a will if you haven't been contacted is here a way to find out?
That's a good question. Here's a link to the Calif Courts Probate and Wills site...
Popularity: 20 • Tools: Recategorize
When a majority stock holder has his corporation pay personal life insurance premiums and does not report the premiums on form 1099 is the death benefit taxable income to the beneficiary?
Yes, simply report the premiums paid on your taxes. Keep in mind if WL and you do not report your premiums that are paid for...
Popularity: 20 • Tools: Recategorize
Can you take a 5000000 Term insurance policy for a 25 year old non smoker with a low salary and no dependents or assets etc for no particular reason at 300 monthly for 10 years term?
It's up to the Insurance Company. Submit an application and find out. If nothing else at 25, maybe you'll get married, have...
Popularity: 20 • Tools: Recategorize
When does an insurance company rescind a policy?
As a general proposition, insurers and plans cannot cancel an individual's coverage under a policy or plan arbitrarily. In...
Popularity: 20 • Tools: Recategorize
Does it pays to buy whole life insurance when you are in your late 20s?
Excellent question!! It will be interesting to see the answers that result. Let me say this..Whole life (WL) by some is...
Popularity: 20 • Tools: Recategorize
If a family member had a life insurance policy on your mother and she wanted to split everything among the surviving children should this policy be included?
If the insured died, the insurance company must be notified of the death and then supplied completed claims forms and the death...
Popularity: 20 • Tools: Recategorize
Can the beneficiary on a life insurance policy of a terminally ill Medicare patient still collect if the patient is put in a nursing home?
Well their is something wrong here. Life insurance goes to the beneficiary. If medicare is involved you have a different story....
Popularity: 20 • Tools: Recategorize
How do you find an unauthorized life insurance policy in your name?
It is legal to take a life insurance policy out on someone else. Wal-mart does it to their older employees, and cashes in when...
Popularity: 20 • Tools: Recategorize
What is the reason people in jail can't get life insurance?
Insurance companies don't want to take the chance on an inmate. The probability that a person will die in prison or sooner than...
Popularity: 20 • Tools: Recategorize
Can you use a living trust as an asset?
Does the trust have assets in it?
Popularity: 20 • Tools: Recategorize
Can the person who holds Power Of Attorney take out a life insurance policy on the grantor?
No, not without that persons consent. Not to mention that person would have to qualify.
Popularity: 20 • Tools: Recategorize
Can someone in poor health and has medical coverage qualify for life insurance to cover funeral expenses?
While the below answer is correct in that most companies will not offer coverage, it is incorrect in that they do not try and...
Popularity: 20 • Tools: Recategorize
What is actuarial service in insurance?
The functions of an actuary: - conducts long-range statistical and financial studies - government liaison - calculates reserve...
Popularity: 20 • Tools: Recategorize
What is needed for a life insurance claim?
Life insurance claim Copy of the policy, or at least its policy number; and proof of death.
Popularity: 20 • Tools: Recategorize
How to check status of old life insurance policy policy N?
Try calling the Human Resources Dept. of Burlington Industries. Click on link for contact information at UNUM which...
Popularity: 20 • Tools: Recategorize
What is an accelerated benefit?
An accelerated benefit as applied to Life Insurance is usually a purchase of the policy for immediate cash. In exchange for...
Popularity: 20 • Tools: Recategorize
What are the authorized practices for an agent under the American Bar Association?
Popularity: 20 • Tools: Recategorize • Needs Answer
Do I have to list my spouse as a beneficiary in Florida?
No.
Popularity: 20 • Tools: Recategorize
What is the expansion of unip and unpp?
Popularity: 20 • Tools: Recategorize
What is value of payment on an life insurance annuity if owner dies before any payments?
Look in the Table of Cash Values in the policy or the annual statement the Insurance Company sends. For more info. see...
Popularity: 20 • Tools: Recategorize
If a single life annuity will pay one thousand three hundred per month at sixty five and you are forty nine today what is the dollar value of the annuity today?
Try a google search for an annuity calculator.
Popularity: 20 • Tools: Recategorize
Does a currently in force life insurance policy become void if the owner of the life insurance policy dies?
No.
Popularity: 20 • Tools: Recategorize
Who is the principal in Insurance?
Most likely the insured.
Popularity: 20 • Tools: Recategorize
What is Principle of indemnity?
The principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in...
Popularity: 20 • Tools: Recategorize
At Massachusetts Mutual Life Insurance Co how much commission does an agent earn or receive for selling a 100000 survivorship whole life insurance policy?
Generally, whole life insurance pays a first year agent's commission of 55%; the General Agent then get's an override of appx....
Popularity: 20 • Tools: Recategorize
Life assurance policy time limit for making claims?
ZERO! Call the claims department and file the claim. 4lifeguild
Popularity: 20 • Tools: Recategorize
Is there a limit of how much life insurance a person can buy on himself?
Yes, but that limit depends on the underwriters at the company where you're buying the policy. Attempting to purchase an amount...
Popularity: 19 • Tools: Recategorize
How can you find an old insurance policy?
Check www.SteveShorr.com/life.htm scroll down the page and there are several links to help you
Popularity: 19 • Tools: Recategorize
Can a Power of Attorney change the beneficiary of his mother's life insurance policy to himself?
Absolutely Not!
Popularity: 19 • Tools: Recategorize
Does it matter if a person is insured by more than one company?
Life Insurance Answer No. The only thing that matters is when you apply for life insurance is to tell them. There are limits on...
Popularity: 19 • Tools: Recategorize
Can you take out a life insurance policy on your 68 year old father who is in prison in Mississippi and scheduled to be released in 2017 if you live in North Carolina?
If he will sign for the policy. I would think you would not be able to get more than a final expense policy on him. I don't...
Popularity: 19 • Tools: Recategorize
Is it possible for a healthy 70-year-old man to get 300K in life insurance?
Sure it is. As long as he is in fact healthy and willing to sign the application. 4lifeguild
Popularity: 19 • Tools: Recategorize
How can you locate a life insurance policy that was bought about eight years ago?
Whichever company wrote the policy should have a copy of it.
Popularity: 19 • Tools: Recategorize
How do you locate a life insurance policy?
You can go to http://www.americaninsurancedepot.com/lost.htm They will be able to assist you with finding the answer to your...
Popularity: 19 • Tools: Recategorize
What is the maximum number of life insurance agents that can split a sales commission?
That would depend on the company the agent is working for.
Popularity: 19 • Tools: Recategorize
What is life cycle insurance?
It's a reference to having a policy last throughout all the cycles of life. Marriage, children, education, retirement.
Popularity: 19 • Tools: Recategorize
Can you get life insurance thru work on your husband and maintain the policy with you as sole beneficiary after the divorce?
I just re-read the question, if you are already divorced, the answer is no. But you can get a divorce agreement that each of you...
Popularity: 19 • Tools: Recategorize
How do you find out if a deceased person has a life insurance policy?
Unfortunately, there's no clearinghouse of information on life insurance policies. Suggestions: * Go through canceled...
Popularity: 19 • Tools: Recategorize
What is the meaning of Insurance is the subject matter of solicitation?
'insurance is a subject matter of solicitation', which essentially means that insurance has to be requested or asked for, not...
Popularity: 19 • Tools: Recategorize
What does a Insurance Life Producer do?
About Life Insurance Producer... I believe the question should really be "What does a Life Insurance Producer do?" "Producer"...
Popularity: 19 • Tools: Recategorize
How do you locate an old life insurance policy for an old company that moved called The National Life and Accident Insurance Co?
It looks like National Life has been bought out by AIG Try this link...
Popularity: 19 • Tools: Recategorize
Who can legally change the beneficiary on a life insurance policy?
The Insured can change the benificiary on a life insurance contract.
Popularity: 19 • Tools: Recategorize
Can you find Union Cooperative Insurance Association in Washington DC?
Popularity: 19 • Tools: Recategorize
How would one go about getting in touch with employee relations to report a life insurance claim with Westinghouse Electric Corporation Athens Georgia?
Forget about employee relations, contact the insurance company's claims department.
Popularity: 19 • Tools: Recategorize
What is the role of an actuary in a life insurance company?
There are two broad roles for actuaries in Life Insurance: i) Product Development/Pricing (Rating) Designing insurance products...
Popularity: 19 • Tools: Recategorize
How is a smoker defined in life insurance policies?
Have you smoked in the past year? They usually want to know if you have smoked in the last year. Answer Life insurance...
Popularity: 19 • Tools: Recategorize
If someone pays a lapsed life insurance policy up to date does that individual become payee or benificiary?
Only if the policy owner, sends a written request to the Insurance Company to do that.
Popularity: 19 • Tools: Recategorize
Where is Stamford Mutual Insurance Company Limited?
Are you sure you have the right name? I don't find it in Google or AM Best ...
Popularity: 19 • Tools: Recategorize
How does a person buy life insurance if they have a psychiatirc diagnosis?
Just like everybody else although because you are considered a bigger risk you will be rated meaning you will pay a higher...
Popularity: 19 • Tools: Recategorize
If you borrow on the loan value of a whole life policy but never pay it back does the face value of the policy decrease?
If you take out a loan against the cash value of a policy and never pay it back, the full loan value PLUS interest would be...
Popularity: 19 • Tools: Recategorize
What is extended term non-forfeiture option?
It means that if you don't pay your premiums, then rather than the policy lapsing, it will be term insurance for a period of...
Popularity: 19 • Tools: Recategorize
How do you find if someone who has passed away had any insurance policies?
Hopefully the deceased person kept records or told someone about any policies that they may have had. Otherwise there is no...
Popularity: 18 • Tools: Recategorize
If two children are the beneficiaries on a life insurance policy and one is under the age of 18 who gets the money for the minor child?
No one. Each child will be able to collect their share of the money when they are 18. The money for the minor child will be...
Popularity: 18 • Tools: Recategorize
If someone dies and hasnt signed a beneficiary his only child is an infant he wasn't married to infant sons mother is his parent mother legally the executor will your son get his money before 18?
The Mother would NOT be the executor of his will, unless he names her that in the will. Does he in fact have a will? Who is the...
Popularity: 18 • Tools: Recategorize
Why is insurance needed in daily life?
So you have some money when things go wrong, for example you have money to replace property when it is stolen.
Popularity: 18 • Tools: Recategorize
Can someone other than a parent control a minor beneficiary's life insurance money?
Not unless the circumstances are very unusual such as the parent being neglectful and abusive. If that were the case. the court...
Popularity: 18 • Tools: Recategorize
Can cash value be taken from a Universal Life policy and still keep the policy intact?
Yes, check the policy or with your agent or company on how much. Do you have the illustrations that were done when policy was...
Popularity: 18 • Tools: Recategorize
What do you do if you are the next of kin and the beneficiary on the life insurance policy doesn't want the proceeds?
Do you mean that you are, for lack of a better way to phrase it, the next in line for the proceeds? If you are, then act...
Popularity: 18 • Tools: Recategorize
Is the Exam Cram series a good publication to study for your life insurance exam or is there a better one?
It probably does not matter what series you study from but I suggest one with audio disks and a computer sample test disc...and...
Popularity: 18 • Tools: Recategorize
How do you collect your deceased parent's life insurance?
Do you know what companies they were insured with? All you need to do is call the agent or the insurance co claims department and...
Popularity: 18 • Tools: Recategorize
