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If you are borrowing money from a bank, the bank may require a collateral assignment of a life insurance policy in order to pay off the loan should you die prematurely.
A collateral assignment will pay the bank off first in the event of your death with any leftover paid out to your beneficiaries.
Once your loan is paid off, you can have the collateral assignment removed from your policy.
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Is life insurance preminums more than cash value insurance?
Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com
When getting life insurance coverage is less or more important?
When getting life insurance, it's important to get the right amount of life insurance to meet your needs. One way to find out how much life insurance you need is to use a life insurance needs calculator to help you decide. These are available online and it only takes a few minutes to find out how much coverage you need. That way, you don't pay for more life insurance than you need, but your family has the protection they need.
What is a good company that offers term life insurance?
there are many good companies you can use for life insurance. among these companies are new york life, nationwide, aig and mega health and life. these all have an aa+ rating.
What is prudential life insurance?
Prudential is itself a life insurance company. Therefore, Prudential life insurance is nothing but life insurance that is provided through this company.
Topics for life insurance?
Here are some topics for Life Insurance: What is life insurance? How does life insurance work? What are the different types of life insurance? What are the top life insurance companies? How do I get the best price on life insurance? What is a beneficiary? How can I save money on life insurance?
What is the use of choosing life insurance?
The use of choosing life insurance is to protect youself and your kids from unwanted misfortune. Life Insurance will pay off funeral fees and other things for you.
How is it if lighting McQueen gets injured does he use car insurance or life insurance?
neither,he needs car life insurance.
Is a variable life insurance policy a good idea?
It depends on what your insurance needs are. You can use the calculator here to see if variable life insurance is right for you http://www.lifehappens.org/life-insurance/life-calculator
What is the difference between life insurance and term life insurance?
Life insurance is a more general concept that may refer to either whole life insurance or term life insurance. Whole life insurance gathers value the longer you have it, whereas Term life insurance does not obtain any value that you may use before you die. Term life insurance only pays out when you die.
What type of services are offered by a Banner life insurance company?
There are several services offered by 'Banner life insurance company' such as life insurance. They offer many different plans and life insurance for personal or business use.
What types of insurance does Keyport Insurance offer?
The use of the Keyport Insurance to get unique & different kind of insurance is useful They have offer useful insurance type like life insurance people can get to use.
Can you be forced to use life insurance a certain way?
No.
Is life insurance preminums more than cash value insurance?
Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com
What has the author Henry Worthington Smith written?
Henry Worthington Smith has written: 'Talks with life insurance agents' -- subject(s): Life insurance agents 'Life agent's aid, for the use of the agents of the Union mutual life insurance company ...' -- subject(s): Life insurance
Can you gift a portion of the life insurance proceeds you inherited to your siblings?
Yes, you can use the life insurance benefits whichever way you see fit.
Where can one find information on the current universal life insurance rate?
Universal Life Insurance is a type of permanent life insurance that can primarily be found in the United States. The rates for this insurance will depend on the insurance company that you use although their is a contractual minimum of between 2% and 4%.
Can you write off whole life insurance on your business?
Life insurance is tax deferred so you cannot use the premium as a tax write-off.
