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What are the Largest life insurance companies by assets?
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Insurer | Share / State Farm | 17.8% / Allstate | 11.0% / GEICO | 7.7% / Progressive | 7.2% / Farmers | 5.5% / Nationwide | 4.7% / Others 46.1 | Figure are from 2010 and the…y are the top rated car insurance companies.
The Cecil Spears Co.
There was a Life of Virginia insurance company, however, it was purchased by first colonly life insurance, which was then bought by GE. GE spun off it's insurance unit to an i…ndependent company in 2006 called the Genworth Life Insurance Company. So, in a nutshell, Life of Virginia is now Genworth Life
There are so many life insurance companies in the US that it is so hard to keep count. At last count there were about 2000 companies. There are always new companies opening …up so it's sure there will be more in the future.
New York Life is the largest mutual insurance company with over $14 billion in surplus, and was rated the highest financial ratings from the major rating agencies. it was reaf…firmed twice in the year of 2009.
It loooks like NBLH Life Insurance is a scam. I just discovered that they have been pulling a "premium" out of a joint account for over a year. The timing is such that they pu…ll on the same date that the bulk of my auto pay billls go out, so I didn't notice. I am going to my state (MO) AG about this tomorrow.
If someone dies with 10K in credit card debt and no assets but has life insurance does the credit company get the insurance or does it go to the beneficiary?
Answer Death benefits are generally not subject to attachment for creditor debt. States establish laws concerning property that is exempte…d from creditor seizure. Without knowing the state of residency it is not possible to be more specific. You can find out what property is exempt under the laws of the state where the person lives by searching "asset exemptions". (Example: Florida asset exemptions). Answer In many states the proceeds of life insurance are not part of the estate because they are proceeds of a contract to pay a third-party beneficiary, which promise of payment vests upon the death of the insured, so the insured (and the estate) do not receive any benefit. Since the estate has no beneficial interest in the proceeds of the insurance, the creditors would have no claim for this money (unless, perhaps, a surviving community property spouse is the beneficiary).
No. It cannot be taxed or attached.
As with any kind of insurance, the insurance company benefits by distributing risk according to statistical models, finding out how much it would cost them to pay out claims a…gainst all their insured clients, and then charging their clients more than their analysts tell them they will have to pay. With life insurance you pay an annual premium that could be fixed, or could go up significantly the older, more sickly, or more likely to die you become (depending on your type of coverage). So if you are twenty years old and take out a 20 year term life insurance policy, the insurance company knows what the exact % chance is that a person who more or less fits your description will die in the next 20 years. They factor that out across all their customers, and then they charge their customers more than they expect to pay out. Insurance benefits unlucky people and insurance companies. Everyone else loses.
A live insurance company is a company that holds a "life insurance" policy on a person. The policy is taken out by a person and fees are paid. And, if for some reason the pers…on's life ends, the policy is paid out to the beneficiaries as long as the death was not done on purpose.
It was first acquired by the Liberty Life Insurance Company of Greenville SC in 1986. In 2011 Liberty Life was acquired by Athene Annuity & Life Assurance Co.(800)435-3520 …