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 money for the premium, we have the policy. What is the need for the coverage?
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Life insurance policies normally don't pay on certain types of death, like suicide (typically a two-year moratorium) or capital punishment.
\n. \n Answer \n. \nIs there insurable interest? Is the policy already in force? What do the prison rules say?\n. \n. \n . \n If the claim is proven valid, it i…s within in most cases authorites attach a portion of or seize all of the benefits, if the incarcerated person has been ordered to make restitution to a victim, for property damage, state or federal costs attributed to the person's incarceration.
Answer . \nThere may be a chance you can. There are some applications on a guaranteed basis that will not ask any questions. That is about the only way. The applicant wo…uld need to sign the application. 4lifeguild
\nYes. Though some regulations may apply.
Just call a local insurance agent. I am assuming the inmate trying to get insurance for someone else?
Once he is released the prison system will not give his address to the public any more than your employer would give your address to a member of the public. If you are related… to the ex-rpisoner you should try to locate him through family contacts.
$22,000 to $25,000 a year to keep a inmate locked up in a cell
Have a friend assist with the paperwork.
Compensate THEM for what? If they have completed the term of their sentence THEY have paid THEIR debt to society.
It will be difficult to get a policy that will cover, but a life insurance policy in force before incarceration should stay in force.
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
You can certainly apply for an insurance policy; whether the insurance company will choose to accept your application is up to them. A family member in prison is not supportin…g anyone, so there is no issue of replacing lost income, however, there could still be a legitimate need for an insurance policy to help pay funeral costs. I am not sure how elaborate a funeral you may be planning, but a $5000 funeral policy sounds quite reasonable to me.
Not really becuase technically he is very to die in that prison that he is in , unless he is freed earlier than his sentence (which i doubt will ever happen) ypou can give it …a shot
you can't. The person needs to be out and off probation to be able to get life insurance.
Yes, even if incarcerated, you will still receive proceeds from a life insurance policy if you are the valid recipient. They will not be able to receive the proceeds if they w…ere the cause of the insured's death.