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Why do life insurance companies need to have proof of age of the deceased?
Wiki User
∙ 16y ago
In addition to the death certificate, some life companies require a proof of age so they may cross check with the stated age at the time the life contract was purchased. Sorry to say, but many insurance applicants lie about their age at the time of purchase. And just so you understand, if an insurance company finds [that] the deceased was younger than stated, they will pay a larger benefit; conversely, if the deceased was older than stated, they will pay a lesser benefit.
Wiki User
∙ 16y ago
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Is life insurance considered part of deceased persons estate when money is owed to loan companys?
If the life insurance has a named beneficiary then life insurance benefits are not subject to debtors claims. If there is no beneficiary or the "estate" of the deceased is the named beneficiary, then loan companies can come after the estate.
How can you check if old life insurance policies from your deceased parents are worth anything?
Contact the company (or companies) that issued the policies.
How do you find out if your deceased relative had mortgage life insurance?
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
Can someone not resident in a country take out life insurance in a different country?
Most insurance companies need proof of residency; Some insurance companies operate in multiple countries. Lloyds of London will write in most countries.
Life insurance part of estate?
Life Insurance and EstatesNO, not if the named beneficiary is not deceased. The proceeds of a life insurance policy belong to the named beneficiary not to the deceased. It should not under any circumstances be included in the estate of a deceased or the probate process. If no beneficiary is named or if all beneficiaries are deceased then their is no alternative. When their is no named beneficiary then the value of the life insurance policy reverts to the insured and must then be included as part of the deceased estate
What companies offer the cheapest term life insurance in the US?
The companies that offer the cheapest term life insurance in the US are Prudential Life Insurance and American Life Insurance. These companies can offer life insurance for pennies a day.
What are the types of insurance companies?
There are two types of insurance companies: life insurance companies and casualty and property insurance companies.
How can I find out if a deceased family member had any life insurance?
If you suspect a deceased family member had any life insurance, but you cannot find a policy, there are several things you can do to find policies. If the deceased had a policy through work you can contact the Human Resoures department. They will know what benefits the deceased had. You can also check with any credit cards companies the deceased used. There may have been death insurance through the credit card. For individual policies you can use one of the paid search companies to find the policy for you. Do a search using "find lost life insurance policy" or "missing life insurance policies" and you will find some reputable search companies. You should be aware that insurance companies do not turn policies over to State Unclaimed Property accounts unless they know the person has died and they cannot find the beneficiary. So searching unclaimed asset sites is a waste of time. The beneficiary has to find the policy if they hope to collect any benefits. That's why it's usually easiest to use a paid service.
How can I find out if a deceased family member had Life Insurance?
If you suspect a deceased family member had any life insurance, but you cannot find a policy, there are several things you can do to find policies. If the deceased had a policy through work you can contact the Human Resoures department. They will know what benefits the deceased had. You can also check with any credit cards companies the deceased used. There may have been death insurance through the credit card. For individual policies you can use one of the paid search companies to find the policy for you. Do a search using "find lost life insurance policy" or "missing life insurance policies" and you will find some reputable search companies. You should be aware that insurance companies do not turn policies over to State Unclaimed Property accounts unless they know the person has died and they cannot find the beneficiary. So searching unclaimed asset sites is a waste of time. The beneficiary has to find the policy if they hope to collect any benefits. That's why it's usually easiest to use a paid service.
What kind of insurance does Lead Life offer?
There is no mention of Leaf Life being an insurance provider. Life insurance leads on the other hand are companies that are brokers for life insurance companies. Through these companies quotes can obtained for the ones needs in life insurance.
How can you get proof of insurance withdrawal from Pioneer life insurance of Illinois?
Contact the company and ask for such proof
What happens to the proceeds of a life insurance policy if there is not a named beneficiary?
The life insurance benefit will be paid to the deceased's estate.
