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What if there is a life insurance policy out on you but the benifecery died?
Wiki User
∙ 12y ago
If the only beneficiary of a policy dies, the benefit is paid to your estate, therefore can be taxed as an estate.
You can call the company or your agent to add another beneficiary(ies).
Wiki User
∙ 12y ago
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It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Life Insurance Policy?
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How do you change ownership of a life insurance policy if the old owner died?
Change of ownership is not allowed in life insurance policy. Once the policy holder dies, accrued sum is payable to the nominee and the matter ends there. In that case, you are to take policy afresh.
How much money will you get back from life insurance if your spouse died after 30 years of marriage?
This depends on the policy. The best thing to do is to call the life insurance agent to ask about the specific policy in question.
What is portable life insurance?
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
What policies are offered by General American Life Insurance?
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
Is permanent life insurance the same as whole life insurance?
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
How do you locate a life insurance policy?
how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago
What is ordinary life insurance?
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
Can the executor get the amount of the life insurance policy?
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
What insurance policy is exempt from the life insurance policy illustration guidelines?
variable life insurance exceeding 10,000 dollars.
