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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 Best  ratings only rate the financial stability of an insurance company  and have nothing to do with factors like whether or not they are  competitive, easy to work with, claims service, or anything else.  They are financially sound. The best...
As a general rule, life insurance proceeds from any type of policy  are not taxable to the beneficiary. In addition, any loans from  cash value are not taxable unless the policy lapses.
These would be separate contracts, however the total amount of  insurance is considered by all carriers as part of their  underwriting to make sure the total is consistent with their  financial guidelines.
Montgomery Ward Life Insurance merged into Union Fidelity Life in  1999. The phone number you can call during working hours is  1-800-621-0393. They are located at 200 North Martingale Road  Schaumburg IL 60173-2096.
Yes the wenis is the skin on your elbow.
 DPPO plans means you don't need a primary care physician. You can  go to any health care professional you want without a  referral-inside or outside of your network. It give you  flexibility.   Staying inside your network means smaller copays and full coverage.  If you choose to go outside...
The licenses are regulated by the state where you live and any  states where you desire to work under the license. A life insurance  sales license will have nothing to do with a license to be an  appraiser. They are probably controlled by to difference agencies  if you are talking about a...
     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.     Even if you aren't to be listed as the beneficiary, it is still required that the spouse go through the proper health...
It is based upon the policy itself. You probably don't want to  renew a term policy after the initial period of time if you are  healthy it will be better for you to get a new policy. New business  rates will be much better than what is set up within the policy for  renewal periods.
Most of the time a decreasing term policy is averaged out so  that the premium stays the same while the coverage decreases along  with a mortgage balance or whatever it was originally set up to do.  Term insurance prices increase as an insured ages and this type of  policy is set up to decrease...
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...
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 taking  money spent on such a policy and purchasing more regular life  insurance. This way you don't have to hope you're going to die in  the right way to care for your family.
Exactly every time that someone dies that has a policy. Term  insurance is purchased for a particular situation, like to cover a  mortgage, to cover education for a dependent, etc. This is why you  purchase term insurance, the need should disappear at the same time  that the term runs out. Term...
Of course not. You state they have dwelling only coverage, that  means they only pay for loss of the dwelling. No life insurance can  be attached to a dwelling insurance policy. Sorry. 
No California does not tax life insurance payouts. Life insurance  benefits are tax free in all of the United States.
It's just what it sounds like. This would be a method of cancelling  a policy and receiving the accumulated funds for a period of time  instead of all at once.
Sure. There's no requirement on a life insurance policy that you  are a U.S. citizen.
Your best bet will probably be to contact the insurance company by  which the life insurance was underwritten by first. The bank will  not know anything about the policy, and whoever took them over will  not even be able to find records of something like that.
If it is your policy, call the insurance company. If not, you will  have to have authority over the estate or person to get information  on 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 the  terms of the policy, it probably used any value in it to extend it  as long as it would carry itself until the value was used up  extending the cancellation. That is when they sent you the cancel  notice. You may contact them if you...
  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 the  premiums 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 a  term related to the surrender value. If you die under a normal life  insurance contract, your death benefit is paid and that's all. Some  companies offer a rider that allows payment for the cash value plus  the death benefit, but...
No. Death benefits from life insurance are not taxable. The only  way that it could be taxes is if you illegally deducted your  premiums on your tax returns. As long as the premiums are paid with  after- 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 as  changing beneficiaries and such on a life insurance policy. Most of  the time the policy owner is the insured but not always.
This will depend on some factors. Who is the policy-owner? The  policy-owner is the only person who can cancel the insurance  policy,
should the buyer of flexible premium adjustable universal life  insurance take the interest monthly or quarterly or shoule they  turn 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...
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...
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 her  bank statements and see if monthly payments were drafted out of her  account at the same amount each month, quarter, or yearly by and  insurance company. Also look where she would keep any important  papers to see if you can find...
I think 15% to 18% percent but I not sure
  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, INDIAPhone : 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.
  == 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...
  == 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.
Pictures vary greatly in terms of size and quality, both determine  how much storage space they need. However, 1 gigabyte can store  around 2,900 average photos or roughly 200 high quality, high  resolution images.
The best high school in the USA is Thomas Jefferson High School for Science and Technology in Virginia.
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...
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. ...
  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...
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...
  == 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...
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.
    Never heard of one. You mean a public adjuster?
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 insurance  company cannot pay the minors, nor can they pay you even for them,  so what happens is that the insurance company will have to hold the  money until they reach the age of majority in his state of  residence. A trust or even wording...
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...
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
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...
DateEvent06-30-2000CERTIFICATE OF AUTHORITY CANCELLED.06-20-2000EFFECTIVE 6/30/2000, MERGED INTO SOUTHWESTERN LIFE INSURANCE COMPANY, DALLAS, TEXAS. (93523) CERTIFICATE OF AUTHORITY CANCELLED04-14-2000COMPANY, PACIFIC LIFE AND ACCIDENT INSURANCE COMPANY AND SOUTHWESTERN LIFE INSURANCE COMPANY...
In the US, the money is not taxable if the beneficiary is an adult.
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...
No physical exam burial insurance may be available from an insurance agent in your area who specializes in burial or life insurance.   Other options you may have include contacting insurers who offer simplified life insurance plans online including Colonial Penn, Garden State Life, and Globe Life...
Provided that you had been truthful in the original application (i.e.- prior DUI infractions) and the policy is in force, then yes it will. I suppose it is possible that there could be an exclusion written into the policy regarding that particular circumstance (in which case it would not pay)... but...
The life insurance market is a heavily demographically charged market. Marketing via direct communications is a common tactic for life insurance. Renting mailing and calling lists are usually done for direct mail campaigns unless your company has the means to harvest data through it's own resource...
how many policies issued by reliance life insurance
  == Opinion ==   Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims.
Your insurance company will likely continue coverage and appoint a new insurance agent to service your policy. It is recommended that you have the new agent review your account and give his or her best opinion.
Generally, the funds will be placed in an account, with a trustee or with a court appointed guardian. Sometimes a will specifies that the bequest can be paid over to the child's parent to hold on behalf of the child. The laws vary in different jurisdictions. You should consult with an attorney who...
Even if you didn't have to pretty much do whatever the trustee deems, you know...I'd almost want to know why you wouldn't WANT to? Its used to PAY YOUR DEBTS...that's what these monies need to be used for. That's what you should want to do. (What else do you think you should be allowed to do with...
Yes, there is a Progressive Insurance office on Sam Rittenberg Blvdin Charleston. Progressive does not offer LIFE insurance; however,they can help you with auto, motorcycle, commercial vehicle,homeowners/rental/mobile home or boat insurance.
Have a Peoples Security Life Ins policy. Need a # to call
for Indians call at 9899277522