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Life Insurance

Life insurance refers to a contract between the insured and the insurer, where the latter agrees to pay a beneficiary a specific amount of money upon the death of the insured.

500 Questions

Was the pension contract for united technology inc transferred from connecticut general life insurance company to prudential retirement insurance and annuity company?

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Asked by Wiki User

It appears that Prudential Retirement Insurance and Annuity Company acquired some of Connect General Life Insurance Company's pension business, which may have included the pension contract for United Technologies Inc. You may need to refer to the specific terms and agreements of the transfer to confirm.

What does LIMITING AGe superannuated contracts mean?

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Asked by Wiki User

Limiting the age of superannuated contracts refers to setting a maximum age at which a contract can be in effect. This could mean that a contract will automatically terminate or become void once the specified age limit is reached. It is a way to manage risks and uncertainties associated with entering into long-term agreements with individuals who may reach a certain age where their ability to fulfill contractual obligations could be impacted.

How can you find out if my grandmother had life insurance for me?

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Asked by Wiki User

To determine if your grandmother had a life insurance policy that names you as a beneficiary, you should first review her personal documents, such as bank statements, insurance policy statements, or will. If you are unable to find any information, you can reach out to her insurance agent or company directly to inquire about any existing policies.

Can you get life insurance for your grandma at 95 years old?

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Asked by Wiki User

It may be difficult to find life insurance for a 95-year-old individual due to their age and the associated higher risk. Some insurance companies may offer limited coverage options or require a medical exam to assess the health of the insured. It is recommended to contact insurance providers directly to inquire about available options.

Can you get life insurance at Age 93?

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Asked by Wiki User

It may be challenging to obtain life insurance at age 93, as most insurers have age restrictions for issuing new policies due to the increased likelihood of health issues at that age. You may have more success looking into options like final expense insurance or guaranteed issue life insurance, which are designed for older individuals and have fewer medical requirements. It's recommended to speak with an insurance agent or broker to explore your options.

Can you get life insurance at age 84?

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Asked by Wiki User

It may be challenging to obtain a new life insurance policy at age 84 due to advanced age and potential health risks. However, some insurers may offer limited coverage options such as guaranteed issue or final expense policies that do not require a medical exam. It's recommended to consult with an insurance agent to explore available options.

Can state life and health insurance guaranty associations run out of money?

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Asked by Wiki User

State life and health insurance guaranty associations are designed to protect policyholders in case an insurer becomes insolvent. While it is rare for these associations to run out of funds, there is a possibility in extreme circumstances where multiple insurers fail simultaneously. However, state insurance departments actively monitor the financial health of insurers to prevent such situations.

Is gerber life insurance expensive?

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Asked by Wiki User

Gerber Life Insurance typically offers affordable coverage options, particularly for children and young adults. Premium rates can vary based on factors such as age, coverage amount, and health status. It's best to get a personalized quote to determine the cost for your specific situation.

Is there level premium decreasing term life insurance for those age 87?

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Asked by Wiki User

Typically, most insurance companies do not offer level premium decreasing term life insurance for individuals at age 87. At this age, options for life insurance may be limited and more expensive due to the higher risk of mortality. It's advisable to consult with multiple insurance providers to explore available options.

Can a grandparent take out life insurance on a grandchild?

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Asked by Wiki User

Yes, a grandparent can take out life insurance on a grandchild with the grandparent as the policy owner and beneficiary. However, it's important to consider factors like insurable interest and consent from the child's parent or guardian before proceeding with the policy. Consulting with an insurance agent or attorney would be recommended to ensure all legal and financial implications are understood.

How do you collect Life of Georgia Insurance benefits?

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Asked by Wiki User

To collect Life of Georgia Insurance benefits, you will usually need to submit a claim form along with any required documentation, such as a death certificate or proof of disability. You can contact the insurance company directly for specific instructions on how to file a claim and what documents are needed. It's important to follow the guidelines closely to ensure a timely and successful claim process.

How do you find out if old Southland Life Ins Policies are still good?

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Asked by Wiki User

You can contact the current insurance company that acquired Southland Life Insurance Company or check with your state's insurance department for information on the policy's validity. Provide policy details, such as the policy number and insured individual's information, to help with the search.

How do you find out about my policy?

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Asked by Wiki User

I do not have access to personal information or specific policies. If you have questions or need assistance with your policy, I recommend contacting your insurance provider directly.

Should older people get term or whole life insurance?

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Asked by Wiki User

It generally depends on the individual's needs, budget, and goals. Term life insurance may be more affordable and suitable for covering a specific time frame with high coverage needs, while whole life insurance offers lifelong coverage and a cash value component that could be useful for estate planning or final expenses. Consulting with a financial advisor can help determine the best option for older individuals.

When does long-term care insurance begin?

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Asked by GaleEncyofSurgery

Long-term care insurance typically begins when an individual needs assistance with activities of daily living, such as bathing, dressing, or eating. The policy will outline the specific criteria that must be met for benefits to start.

Can you collect from a Gerber life insurance policy after you turn 21?

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Asked by Wiki User

Gerber life insurance policies typically require you to be the policyholder to make claims. If you are the insured of the policy, you may be eligible to collect benefits, regardless of your age. It's best to review the specific terms of your policy or contact Gerber Life Insurance directly for assistance.

Can you get life insurance at age 81?

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Asked by Wiki User

Yes, many life insurance companies offer life insurance to applicants who are 81 and still insurable. Expect a lot of questions about your need for life insurance, your finances and your health.

Is this statement true premiums for term life insurance decrease as people get older?

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Asked by Wiki User

No, premiums for term life insurance typically increase as people get older because as they age, they are considered at a higher risk of death and therefore more expensive to insure.

Is a 1946 life policy still valid?

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Asked by Wiki User

It's possible that a life insurance policy from 1946 is still valid, but you should contact the insurance company to verify the policy's status. Insurance policies can vary in terms of their conditions and expiration dates.

Can an 88 year old with dementia apply for long term care insurance?

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Asked by Wiki User

It is less likely for an 88-year-old with dementia to be approved for long-term care insurance due to their age and medical condition. Insurers consider factors like cognitive impairment and age when evaluating applications for long-term care coverage. It's best to consult with insurance providers to assess eligibility and discuss available options.

Does anyone sell life insurance for senior 87 years old?

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Asked by Wiki User

Yes, there are insurance providers who offer life insurance policies for seniors aged 87. However, premiums may be higher due to the increased risk associated with age. It's advisable to shop around and compare quotes from different insurers to find the best coverage.

What is the life expectancy for an 81 year old man?

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Asked by Wiki User

The life expectancy for an 81-year-old man in the United States is around 9 years, but this can vary based on individual health, lifestyle, and other factors. It is important for individuals in this age group to continue prioritizing their health and well-being to maximize their quality of life.

Where does 92 year old get life insurance?

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Asked by Wiki User

A 92-year-old can typically purchase life insurance through specialized insurance companies that offer coverage for seniors. However, premiums for older individuals are generally higher due to the increased risk of mortality. It's important for them to compare rates and coverage options to find a policy that suits their needs.

Should you still be paying life insurance premiums at 87 years of age?

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Asked by Wiki User

It depends on your individual circumstances. If the policy still provides significant benefits to your loved ones upon your passing, it may be worth continuing to pay the premiums. However, if the cost outweighs the benefits or if your financial situation has changed, it may be sensible to review the policy and consider alternatives.

How do you find old policy from years ago?

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Asked by Wiki User

You can typically request old policy documents from the insurance company directly by contacting their customer service or claims department. Be prepared to provide details such as the policyholder's name, policy number, and the period for which you need the information. If the insurance company no longer exists, you may need to contact the state insurance department for assistance.