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What is a insurance policy that pays full face value at the end of the term if the insured is living?
Wiki User
∙ 16y ago
Pretty much any permanetn life policy can do that but you probably mean a Whole Life plan where the cash value equals the death benefit usually at age 100. 4lifeguild
Wiki User
∙ 16y ago
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Which type of insurance dose not build a cash value for the in sured?
Pure term life insurance. In this kind of policy, there is no cash value of the policy for the insured. The policy holder gets no tangible or monetary benefits as long as he/she is alive. Only the survivors of the insured can reap the benefits of this kind of policy. So, we can say that this type of policy has no cash value for the insured individual.
Can the actual cash value of an extended term life policy be liquidated by the insured?
no there is no cash value in a term insurance policy
Is insurance cash value paid to insured taxable?
are paid up insurance proceeds paid to the living person insured taxable
Which of these is the best description of cash surrender value?
the insurance company pays the insured the cash value that has accumulated in the policy.............
What limits the amount that a policy owner can borrow from the insurance poicy?
the limit of a loan against the policy is the amount of net cash value you have on the life insurance policy. Up to 75% of the paid up value of the life insurance policy, irrespective of the sum insured amount.
When a life insurance policy is cancelled and the insured selects term nonforfeiture the cash value of the policy will be used to purchase term insurance what happens to the face amount?
face amount reduces and the policy is made for paid-up value
A fire insurance policy has an annual premium of 780 what is the regular refund if the policy si canceled by the insurance company after five months?
Premium = insured value / $100 * Rate
What is a matured endowment though insurance company?
A matured endowment is a life insurance policy where the current cash value has become equal to the face amount of the policy. The policy is mature. So, the insurance company issues the insured a check for the face amount (death benefit) even though the insured is still alive.
Which of the following best represents what is meant by life insurance creates an immediate estate?
The face value of the insurance policy is payable to the beneficiary upon the death of the insured.
What benefit is paid if the insured dies after term insurance expires on an extended term insurance policy?
Once the term policy expires there is no further benefit owed to the owner/beneficiary of the policy. You have converted the whole/entire life policy into a term/temporary policy. The cash value was used to pay the premiums for the term policy. Therefore, there is no longer a cash value on your insurance policy. Once the temporary policy expires, a new policy or extension must have been in place before the insured's death to receive any benefit. This is one of the non-forfeiture options standard to insurance policies.
Is it possible to sell a term insurance policy before the insured dies?
Yes it is. Generally the insured needs to be over 50. The older they are the higher the value. I can help you get offers. 4LifeGuild
If you purchased property and the survey was incorrect by 25 acres what does the title insurance do?
The title insurance company is liable for the legal description that was insured at market value/amount of your policy
