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Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
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∙ 13y ago
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How old does a beneficiary have to be for to receive payment from a life insurance policy?
at what age can a minor be insured in NY state for life insurance
What is meant by the term cost term life insurance?
Term life insurance refers to a common category of life insurance in which fixed payments are offered for a limited time (or term). If the person dies outside of the term, they receive no payment.
Which of these is an element of limited payment life insurance?
this life insurance policy has premium payment for a set number or years....
Can you make a payment on line for life insurance?
Payment of life insurance premia is allowed on line, along with payment over counter whether payment by cash or cheque.
On what types of policie is it a certainty that the insurance company will have to make payment?
A. Life Insurance
Do you need do die to get payment for life insurance?
Yes.
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
How does endowment insurance work?
It is a life insurance policy that pays a giant sum of money when a person dies. This payment is traditional with benefits and many receive this. Many invest in these payments before they pass or when an event happens.
Which type of insurance does not build a cash value for insured?
Limited payment life insurance
Is ther income tax on life insurance payment?
Yes
Which type of insurance contract requires a lumps or periodic payment in exchange for receiving periodic payments from the insurance payment?
Whole Life, Universal Life, as well as Annuities can be used for this purpose.
Does a beneficiary on a life insurance prevail over a will request?
Yes! The beneficiary on a life insurance policy does not have to be included in a will in order to receive the life insurance benefits.
