Answered

Life Insurance

Parent Category: 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.
Travelers has a rating of A or better in AM Best. The Bestratings only rate the financial stability of an insurance companyand have nothing to do with factors like whether or not they arecompetitive, easy to work with, claims service, or anything else.They are financially sound. The best rated...
As a general rule, life insurance proceeds from any type of policyare not taxable to the beneficiary. In addition, any loans fromcash value are not taxable unless the policy lapses.
These would be separate contracts, however the total amount ofinsurance is considered by all carriers as part of theirunderwriting to make sure the total is consistent with theirfinancial guidelines.
Montgomery Ward Life Insurance merged into Union Fidelity Life in1999. The phone number you can call during working hours is1-800-621-0393. They are located at 200 North Martingale RoadSchaumburg IL 60173-2096.
DPPO plans means you don't need a primary care physician. You cango to any health care professional you want without areferral-inside or outside of your network. It give youflexibility. Staying inside your network means smaller copays and full coverage.If you choose to go outside your network,...
The licenses are regulated by the state where you live and anystates where you desire to work under the license. A life insurancesales license will have nothing to do with a license to be anappraiser. They are probably controlled by to difference agenciesif you are talking about a property appraiser...
I'm trying to hunt down some info on : Home Beneficial Ins that my father had 13 yrs ago here in Paris, Tn and his agent wouldn't let him cash it in and now he want to find out what happened to the Company.
\n. In my experience, the answer is No. At least in Canada, the insured needs to be subjected to a blood test and a bunch of screening questions. \n. Even if you aren't to be listed as the beneficiary, it is still required that the spouse go through the proper health screening process. \n. \n....
It is based upon the policy itself. You probably don't want torenew a term policy after the initial period of time if you arehealthy it will be better for you to get a new policy. New businessrates will be much better than what is set up within the policy forrenewal periods.
Most of the time a decreasing term policy is averaged out sothat the premium stays the same while the coverage decreases alongwith a mortgage balance or whatever it was originally set up to do.Term insurance prices increase as an insured ages and this type ofpolicy is set up to decrease so that the...
The Dividend Option Term (DOT) rider provides term insurance that helps you get additional death benefit protection at an affordable cost. The DOT rider works in conjunction with the "paid-up additions" dividend option, which applies any dividends earned to automatically purchase more paid-up life...
Financial ratings for insurance companies is like credit ratingsfor consumers. Financial ratings let consumers know whether aninsurance companies pays their policies.
I first saw it for SB XXV and then it went away for a while and has remained since it reappeared for SB XXXII
The answer for my opinion is no. You are much better off takingmoney spent on such a policy and purchasing more regular lifeinsurance. This way you don't have to hope you're going to die inthe right way to care for your family.
Exactly every time that someone dies that has a policy. Terminsurance is purchased for a particular situation, like to cover amortgage, to cover education for a dependent, etc. This is why youpurchase term insurance, the need should disappear at the same timethat the term runs out. Term life...
Of course not. You state they have dwelling only coverage, thatmeans they only pay for loss of the dwelling. No life insurance canbe attached to a dwelling insurance policy. Sorry.
No California does not tax life insurance payouts. Life insurancebenefits are tax free in all of the United States.
It's just what it sounds like. This would be a method of cancellinga policy and receiving the accumulated funds for a period of timeinstead of all at once.
Sure. There's no requirement on a life insurance policy that youare a U.S. citizen.
Your best bet will probably be to contact the insurance company bywhich the life insurance was underwritten by first. The bank willnot know anything about the policy, and whoever took them over willnot even be able to find records of something like that.
If it is your policy, call the insurance company. If not, you willhave to have authority over the estate or person to get informationon this due to the privacy laws.
An insurance binder is written evidence of insurance coverage that runs for a limited time, and must be replaced by a permanent policy on the subject property. Stated otherwise, a binder is a policy of temporary insurance which normally remains in force pending the issuance and delivery of the...
More than likely there is no surrender value. Depending on theterms of the policy, it probably used any value in it to extend itas long as it would carry itself until the value was used upextending the cancellation. That is when they sent you the cancelnotice. You may contact them if you like to...
You should try to collect on all of them. Unless they are contested, you should have no problem.
Death benefits are never taxable as long as you never deducted thepremiums on your tax return.
Ask the insured if still alive, or check the policy. You can also call the insurance company and ask customer service if you are the beneficiary. You would need the policy number.
It depends on the terms of the policy. Generally, cash value is aterm related to the surrender value. If you die under a normal lifeinsurance contract, your death benefit is paid and that's all. Somecompanies offer a rider that allows payment for the cash value plusthe death benefit, but that costs...
No. Death benefits from life insurance are not taxable. The onlyway that it could be taxes is if you illegally deducted yourpremiums on your tax returns. As long as the premiums are paid withafter- tax money, there is no income tax on death benefits.
Death benefits are not taxable for income tax purposes.
The policy owner is the only person who can make decisions such aschanging beneficiaries and such on a life insurance policy. Most ofthe time the policy owner is the insured but not always.
This will depend on some factors. Who is the policy-owner? Thepolicy-owner is the only person who can cancel the insurancepolicy,
should the buyer of flexible premium adjustable universal lifeinsurance take the interest monthly or quarterly or shoule theyturn it over
The language of the insurance contract can't be altered by the will. If an insured passes away the benefits will go to the listed beneficiary regardless of what the will states.. If there is no listed beneficiary (if they pre-deceased the insured for example) then the benefits would be paid into the...
Term insurance offers flexibility of terms, from 1-30 years of coverage. Term insurance offers the most coverage at the lowest cost for young people. Term insurance provides coverage that can fit almost any budget. Term insurance may offer rates and coverage that remain level (the same) for the...
Many term or group term life insurance policies provide aconversion clause, which allows the covered person to purchase apermanent life insurance policy at the same medical condition ratesyou have on the term policy. The rates would be based on yourattained age at the time of your conversion but if...
Great question! Most state laws require the insurance company to pay a claim within 30 to 90 days, however there are caveats. The caveat is "unless more time is required". This, of course, allows an insurer to delay as long as they want. If you have a claim that is being delayed I recommend you...
Mortgage Protection Life Insurance is a good idea if you want to protect your mortgage. It pays the outstanding balance of your mortgage if the mortgagor (insured person) dies.. Mortgage protection life insurance coverage is usually in the form of decreasing term insurance, with the amount of...
Hold bachelor's degree in insurance or subject matter being taughtwith industry experience in course subject. Any otherqualifications as required by state. Some states require that IAIPsubmit an instructor application for approval. Contact the Directorof Education for more details.
If you know how to sell insurance effectively with a steady flow of qualified prospects, there are people who will pay you to learn what exactly you are doing. There are few ways to get started. Here is the list of things that are common: Tell everyone you know that you are "getting into it" and ask...
This is up to you to know. I would suggest that you look at herbank statements and see if monthly payments were drafted out of heraccount at the same amount each month, quarter, or yearly by andinsurance company. Also look where she would keep any importantpapers to see if you can find policies....
I think 15% to 18% percent but I not sure
InsuringIndia.com offered by life insurance companies are bundledproducts, offering the benefits of both insurance andinvestment.the accumulation phase, during which you pay premiumsand the money accumulates through the tenure of the plan. Theaccumulated money is then invested in securities approved...
After filing a claim it should not take more than 30 days. They just need time to find out if it were an accicdent.
Name : . Bajaj Allianz Life Insurance Company Limited Address : . #689,3rd A Cross, New Town,Yelahanka Bazar BANGALORE - 560064 KARNATAKA, INDIA Phone : . 080- 28462297
Insurance? Sales, Marketing, IT, Management, Finance, Public Relations, Training & Development, Underwriting, Accounting, Medical Review (Nurses, Doctors, PA's), General Counsel (Attorneys, Legal Assistants), Customer Service (phones, e-mail, written correspondence), etc. Currently growing...
You would want to get a degree in business management, it would take about 4 yrs give or take depending upon the size of your class load. You would also probably want to get licensed, but that should only take a couple of months tops.
No, the insurance company will hold the money and will pay interest on proceeds until the child is of majority age in the state where the children were born.
The first insurers were individuals who were willing to assume someone else's risk of economic loss in return for a mutually agreed-upon price.
At one time there was a office in San Antonio, Texas. Nothing shows up here anymore. Insurance companies sell out to each other so often.
Term insurance is best described as a type of life insurance that provides only death benefits without the accumulation of cash value. Cash value can be compared to a savings account within the policy. An additional amount of premium is paid in addition to what is enough to compensate the insurer...
Answer . All companies have there own specific catagories. Most have the following: Smoker, Standard, Preferred, Super Preferred. They may also have standard plus and preferred plus. Then there may be: Preferred Smoker. They all have table ratings starting with B down to P and maybe more. If...
Life insurance claim . Copy of the policy, or at least its policy number; and proof of death.
kinda, the money is the child's but whoever's care the daughter ends up in is responsible for the money till she turns 18 the executor of the Will is supposed to make sure it is handled properly you can put provisions to hold back a certain amount till the daughter reaches proper age with a legal...
1. the act, system, or business of insuring property, life, one's person, against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. 2. coverage by contract in which one party agrees...
Answer . Have the owner or insured contact the company and ask. For more info see www.steveshorr.com/life.htm or www.steveshorr.com/estate.planning.htm
Check all of his papers. Look for payments to insurance companies, they typically require a policy number on cancelled checks or transfers. Check safe deposit boxes. Check with the HR department of his employer as well. Often fraternal organizations and even some banks have small policies for all...
I would get his social security number and just give them a call......that is usually the best way..... Their contact info is at the link below.
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No.. Group life insurance operates on the principle that everyone or almost everyone (a percentage specified by the insurer) in the group must participate. This negates "anti-selection" (the tendancy for only people in poor heath to get insurance) and therefore eliminates the need for most...
It grows tax deferred. If you take an income stream or annuitize the annuity, the money is taxed as ordinary income.
Yes, moms do need life insurance.. When you consider eveything moms do for a family, you realize just how much it would cost to replace their efforts if they did pass away.. For instance, if mom was not around, you may need to hire someone to provide childcare for the children, clean the clothes,...
My Mother, Martha H. Bartlett, died on January 7, 2013. She had an Equitable Life Insurance Company policy. The policy no. is 530711031. Would you please let me know anything about this policy. I am her daughter, Carolyn Bartlett Burnett.
No.. Life insurance benefits are not eligable for taxation unless the insured passed away without assigning a beneficiary. In this situation the benefits are paid into the deceased's estate and are subject to any back taxes or child support owed by the deceased, or the would be inheritor.. Cash...
A will cannot insert a name or change the name of a beneficiary of a will. However, you can have an insurance policy made payable to the estate, then give the proceeds of the policy to a named beneficiary. Problem here is that the policy proceeds run through the estate and become subject to debts...
Mammoth Life Insurance Co. was an early Black-owned life insurance company located in Lexington, KY. It started doing business around 1915 but went of business in the early 1990's. You may want to contact the Kentucky Department of Insurance, but odds are, the policy is worthless by now. If the...
In order to own and pay for life insurance a person must have what is known as an "insurable interest" (financial relationship). Courts have held that an ex-spouse receiving child support and alimony is an insurable interest. I can't buy insurance on you because your death would have no financial...
It depends. AD&D policies are very restrictive in their payouts. If the deceased had alcohol above the legal limit of any type of narcotics in their system at the time of death, then the claim will likely be denied. If not, then the claim should pay. I work for the Center for Life insurance Disputes...
Answer . For US Federal taxes, it would depend on who was paying the premiums for one thing. If you pay the premiums yourself and the loss is not business related, then no. If your employer pays the premiums or if the loss is business related then maybe. Based strictly on the information given...
There are lots of Insurance course online providers who offer exams and certifications at reasonable price. You can also check the Tennessee Department of Insurance' website or the Nation Insurance Producer Registry (NIPR) website to find online insurance course providers.
\nNever heard of one. You mean a public adjuster?
That would be up to the medical examiner.
Virginia Life & Causality policies are now serviced by: United Insurance Company of America 1-800-777-8467
it includes an investment component.
To get to the route of what your asking: The amount of the LOSS that is deductible is the unrecovered loss. Hence if you have claimed the entire loss as a deduction the amount of insurance you get is income - because essentially, you overdeducted the loss. If you have made no loss deduction claim,...
Answer . ING is growing and is strong.
Sure. Don't do it. If he does this, most likely the insurancecompany cannot pay the minors, nor can they pay you even for them,so what happens is that the insurance company will have to hold themoney until they reach the age of majority in his state ofresidence. A trust or even wording the...
Anyone who has people who rely on them for financial support may need life insurance.. For example, if you have family members, such as, brothers, sisters, parents, or grandparents, sons or daughters, or a spouse, who rely on you for money to survive - you need life insurance.. Life insurance can...
If you have found out some way to not die, then sure - you'll never need life insurance ;)
Normally the law firm dealing with the estate
Yes, Whole Life Insurance policies are designed to build cash value over time. The cash accumulated can then increase the death benefit, or can be borrowed as a loan against the policy, and re-paid back to the policy.
i have 9 grandchildren from age 4 months to 8 years old 2 boys 7 girls verry healty how much with insurance cost me for all 9. ANSWER: There are a lot of variables here, you have covered the ages. If they are all healthy then the other variables are what kind of insurance and how much insurance do...
In the US, the money is not taxable if the beneficiary is an adult.
Contact the insurance company. Someone at their office will give you that information.
Life insurance should be paid to someone if the policy was paid at the time of the insured's death. It should probably be paid to the beneficiary it was changed to before the insured was determined incapacitated. However, that might be fought over in court. In a mess like it sounds it will be, there...
An internet search can be the first step.. Often, there will be an indication that the company merged or the policies were purchased by another company. Thereafter, you can contact the insurer into which the old company merged, or which bought ("assumed") the policies. If you have the policy number...
No. The general rule of this sort of insurance is to put you back in the position you were before the incident. So the companies would not both pay but agree between them how much each would pay - probably but not necessarily half each.