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Do you have to have your life insurance policies with the same company?
Wiki User
∙ 14y ago
No, altho it may help to look into it as each policy has a built in policy fee and you also get a lower cost per $1000 with the higher face amount you go.
Wiki User
∙ 14y ago
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Can a person hold two life insurance policies with the same company?
Not a problem at all. Many times individuals may have multiple policies with the same company as one may be a term policy and the other a universal life policy, or you may have two term policies with different term lengths. Sure.
If a company has purchased group life insurance for its employees and is then acquired by another company is the group life insurance policy still valid?
Yes, until renewal time. Rarely is there a problem with keeping the same coverage, because that is a big money make for insurance companies. (group life)
Is an insurance company able to provide two homeowners insurance at the same time?
If you mean on the same property, no they won't. It is illegal to carry two policies on the same property. The illegality is on the person not the insurance company. Why would you want to carry two policies. All they will do is to coordinate the benefits and pay half of the claim each, therefore you will not collect any more than the claim.
Regarding fire insurance and home owners policies do I have to have coverage for what it would cost to rebuild or are there other options instead of rebuilding the same big house?
Generally, insurers are expected to restore you to a pre-loss condition. It is up to your insurance company whether to do that by rebuilding or by making a cash settlement.
How do you start a title insurance company in Arkansas?
If you are starting a title insurance COMPANY, the actual entity that is an insurance carrier (think 1st American, Chicago, etc.), you will need to contact the Arkansas Department of Insurance as to what their guidelines, reserves, etc. are for becoming a carrier in the state of Arkansas. If you are starting a title insurance AGENCY, the local entity that has a agency agreement with a title insurance COMPANY to sell their insurance products. Please note that a title AGENCY is not the same as a title COMPANY or title UNDERWRITING COMPANY. See the Related Links for more information.
Can you claim and be paid out on two life insurance policies?
yes. even if they are from the same company.
Can two people hold two life insurance poicies on the same person with different companies?
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are willing to issue for life insurance.
Can you have multiple travel insurance policies?
Yes, you can as long as they are not from the same company. There is usually a standard provision in travel insurance policies that prohibit you from buying more than one policy from the same company however, it does not apply if you buy from a different insurance company.
Can a person hold two life insurance policies with the same company?
Not a problem at all. Many times individuals may have multiple policies with the same company as one may be a term policy and the other a universal life policy, or you may have two term policies with different term lengths. Sure.
What are deductables on RV insurance policies?
RV insurance policies have the same kind of deductibles as other insurance policies. You need to contact your insurance company and ask them what the deductible would be depending on the RV you have chosen.
Is United Benefit Life Insurance Company one and the same as United of Omaha Life Insurance Company?
no
Which company deals with instant life insurance?
Instant term life insurance is a term used to describe a way of checking multiple rates of life insurance policies at the same time by checking out a site such as MetLife and they will ask you for your zip code, and give you some rates for several different policies for several different companies for you to compare.
If both your primary and secondary insurance are the same will both policies pay?
If both policies are with the same company, and if you or your employer pays the premiums on them, then yes, they both pay. That is actually common; quite often the husband's insurance through his employer is through the same insurance company the wife's job has.
What company offers the best rates for home insurance in Missouri?
The average MO homeowner pays $57.33 a month. However, if you obtain your auto and life insurance policies from the same company, you could save some money.
Can husband and wife remain on auto and life insurance policies after the divorce?
As for the life insurance the answer is yes. For the auto the answer is maybe. If the cars are jointly titled then most likely yes as long as both or you remain in the same state. You will have to consult with your agent to find out what the exact company policies are regarding people you can and can't have on your insurance policy.
What are the odds of the same woman being the beneficiary to three separate life insurance policies?
Actually the odds could be 100% if the woman's husband owned three different life insurance policies naming her as the primary beneficiary for each of the policies. Or, perhaps her parents each owned life insurance policies, as well, and named her as the primary beneficiary.
Can you have two car insurance policies in the same household?
Yes, you can have two car insurance policies in the same household but it would probably be cheaper if you just went with one company instead. Most auto insurance companies offer a multiple car discount.
