No life insurance?
Life insurance is a necessity. It is cheap, especially if you are young and healthy. Even if you are older or suffer from health impairments, you can find life insurance companies which look more favorably on your particular situation and offer you a good rate. A life insurance policy can provide financial relief for your family at a time when they need it the most. Having no life insurance coverage with dependent children and a spouse can throw a family into financial turmoil in the event of a premature death. Find out today how life insurance can change your life. Visit:
PO Box 1192,
Chatswood NSW 2057, Phone: 1300 355 355
PO Box 1192,
Chatswood NSW 2057, Phone: 1300 355 355
What happens if a divorced father of two children ages 19 and 21 dies and has no life insurance or any money for funeral expenses in the state of Wisconsin?
Answer . He still gets Social Security. That usually provides enough to pay for a simple funeral and burial.. Answer . Like all states Wisconsin has provisions for aidi…ng families who cannot afford burial expenses. In some cases it is handled within individual counties in others it is a matter of the state. Contact the state's Divison of Family Services for more specific information. The SSA pays a one time death benefit of a maximum of $225.00. Family members of the deceased might also consider contacting a local funeral director for assistance; most are knowledgeable in the procedure necessary for helping a family that does not have adequate funds for funeral expenses. Wisconsin Department Of Health and Family Services, (608) 266-1865, http://www.dhfs.state.wi.us, Social Security Online, http://www.ssa.gov
Will surviving children of deceased parents that have no life insurance or estate be responsible for paying criminal fines or utility bills incurred by the decedents?
No, surviving family members are not responsible for the debts of deceased persons if they were not listed as a joint account holder or borrower. The exception being a surviv…ing spouse when the couple resided in a community property state.
They throw u in a ditch, then your body will go underwater and decompose, a bird will take the skeleton and make a nest.
My aunt died without a will and no life insurance She has a little money in a checking account but no other way to pay for funeral expenses Will the bank relaese this money for this purpose?
Answer . They bank will release it to the estate. You need to get an estate opened and be appointed the executor. You will then be able to obtain access to the account. …Don't forget to contact the Social Security Administration, there is a small death benefit of a couple hundred dollars there as well.
Your mother dies with no assets no life insurance and high debt such as credit cards home mortgage car etc you are one of 3 adult children father is predeceased What are your financial responsibilitie?
Answer . The assets of her estate (whatever they are and however much there is) will be sold in an estate sale to satisfy her obligations. Any remaining assets will be awa…rded to her children/survivors. If there are insufficient assets to satisfy the obligations of the estate, the creditors will divide whatever there is and be required to take a loss on the rest.
You can check your local phone book or online to find an agent andget quotes. Independent brokers are best as they represent amultitude of companies and can literally shop for… the best policyto your specific needs and qualifications. But, here I can help youto mention top insurance company of USA: American General, AmericanNational Insurance Company, Rais Insurance, Banner Life and RaisInsurance. They help you to cover best prices and individualcommitment to every client.
With a wide range of life insurance policies available in themarket today, it is important to know how to select the bestoption. With rising awareness about financial products… and itsbenefits, an increasing number of individuals are investing indifferent types of life insurance policies. In return for the insurance company's promise to pay, the purchaserof the policy pays a periodic sum of money called a "premium". Inmost cases, the premium can be paid monthly, quarterly or annually.If premiums are not paid as agreed, the policy may lapse. Thisquickly occurs in the case of term insurance which does notaccumulate "cash value". Cash value accumulates in "whole life"policies but not in "term insurance" policies. Cash value may be thought of as a savings account within thepolicy. If cash value has accumulated and premiums stop, theaccumulated cash value may be used to pay the premiums. Once thecash value has been fully used, the policy will lapse fornon-payment of premium. A person can buy insurance on his/her own life. Additionally,another person or entity, such as a business partner or acorporation, can buy insurance on another person provided that thatbuyer has an "insurable interest" in the life of the person to beinsured. An insurable interest essentially means a "stake" in thecontinued life of the person insured. The stake can be financial,based upon certain family relationships, or other reasons that theinsurer permits and State law recognizes.
Debts are paid by the estate assets, not by life insurance. The debts will go unpaid if there are no assets. If there are some assets but not enough to go around, then some de…bts will be paid first, then others according to local statutes. If there is aninsufficient amount of money to pay any one class of creditors in full, then they will be paid a proportionate share.
See to it that when you die your family does not need to ask the same question!
You are 60 years old and have no life insurance Should your husband cash in a 10000 policy he has or should you take out life insurance or should you save money for your burial?
Hi, Whilst age is certainly a factor when you are considering getting some life insurance, it shouldn't be something that puts you off it. If you are looking for the cov…er to ensure that your family can pay for your burial, then life insurance is a good choice and I certainly would not recommend that your husband cashes in his policy. That would simply leave both of you uncovered! You are better off looking for life insurance for yourself for a small sum assured (enough to cover your funeral) so that when the sad time comes, your family can cover both your husbands and your own funerals. You can find some more helpful information about over 50 life insurance on the website I've added to the related links. It should provide a bit more detail about how your age effects the cover and what you should be looking for. I hope that helps!
Answer 1 Yes i have life insurance that can pay well to my family after mydeath. At least, they will not depend on some one else. If i willalive that time i would like to con…vert it as my pension to securemy further future. Life is so insecure, if something happen to youat least that amount will help your family to live better. Else,you can get the information on Life insurance and about their plan:Rais Insurance. Answer 2 NO. While I would recommend life insurance in order to betterprotect your loved ones financially after your death (or at minimumpay for your funeral expenses), I am not aware of any legalrequirement to have life insurance in any district or any country.(There is a possibility that such a requirement may exist in someesoteric jurisdiction, but it is certainly not common.) So, you donot "have to have life insurance", but, if you are a wage-earner inthe family, you should have life insurance.
Where to get Life Insurance There are many fine company web sites that make life insurancequotes available on the internet. The problem with most quotes isthey fail to ask the… right questions or do not know which carriersview certain underwriting issues differently. You are always in a better position to speak with an independentlife insurance agent that can give you suggestions on how to makecoverage affordable. You may also get our free guide to lifeinsurance at from us at LifeNet Insurance Solutions.
The availability of life insurance doesn't change the situation. It is the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the est…ate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.
Non-custodial parent is more than 5k in arrears and he dies with no life insurance - I know the child has social security benefits but what about child support?
Only in Missouri where they can go after the potential estate of the grandparents.
There are many life insurance policies available in the market which offers you impressive features at reasonable premium. I would suggest you to get quotes from various life …insurance providers and accordingly select a best plan which offers you good savings and features. I have purchased a life insurance policy from Bajaj Allianz and I am quite satisfied with the offerings and it is significantly cheaper than other offline term plans.
I'm not sure whether you are worried about burial services, old debt, or what you are referring to. Burial: Most counties have free or very reduced service options...call your… county office. Re: debt, you do not need to pay the persons credit card or other unsecured debt. Other debts are supposed to be paid and most pay out of the estate. If things are too tricky...hire an attorney