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Answer No, only on yourself, your minor children, and adults of whom you have custodial care (for example, a handicapped sibling.)
AMERICAN GENERAL LIFE & ACCIDENT took this company over. http://www.americangeneral.com/lifeinternet2000/careerweb.nsf/contents/index
Yes, with your parent's knowledge and consent.
I have an old policy from Brookings Internationa life ins co. How do I learn more about them or contact them?
The most convenient way to purchase life insurance is online. Calculate your premium by answering a number of questions related to your health, age, sex, smoking habits and li…festyle. Within a few minutes, you will receive multiple quotes for your comparison. Once you have made up your mind which policy you want, you need to complete filling the application form (as required) and within days of your application request, you will have to undergo a routine medical exam, paid for by the insurance company. After the medical results have been sent to the insurance company, in four to eight weeks you will receive notice about your final eligibility. If your policy is accepted, you then need to remit the initial premium to the company directly. Your premium is considered applicable as soon your first payment is received.
Capitol Life used to be located in Denver, CO in the 1960's when I worked there for the Actuary. It was on Sherman Street as I recall and was in a lovely historic white masonr…y building. I see that it has moved out of Denver. Does anyone know when it relocated?
Jefferson-Pilot bought the whole life, universal life, term type policies. Liberty Life bought the debit type old weekly premium policies.
Keeping in mind that insurance is intended as protection against a contingency, life insurance is purchased as protection against the contingency of death. Although death …will occur to everyone at some point in time, the question of "when" is unknown and therefore, insurance may be purchased to guard against that contingency. Most frequently, it is purchased to provide a source of funds to support the survivors of the deceased who may have relied upon him/her while living. Alternatively someone or something else with an "insurable interest" in the life of the insured may be designated as the beneficiary or purchase the insurance on the insured. An example of this may be a business partner so that the business can be ongoing despite the demise of the insured.
There exists an Ohio National Life Insurance Company in Cinncinnati.
American General Life
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.
There is an insurance company called Federal Life Insurance Company.
The limits are set by each insurance company and depend on your income, assets, health, etc. You can find other life incurance companies to supplement your existing life insur…ance coverage. An experienced agent/ broker can help.
The main purpose of life insurance is to get life benefits at the insured's death, to be paid to the family or business, charity, trust, etc. However, there are many "living b…enefits" of life insurance, that may be paid if the insured survives an accident or illness, but is unable to work for a period of time. Other benefits are paid in a lump sum at first diagnosis of a covered illness: cancer, stroke, heart attack, Alzheimers, major burns, etc. These are optional riders that can be added to your life insurance policy.
A few companies that will allow seniors to purchase life insurance from them include Dollar Globe Insurance, Colonial Penn, and Metlife. These companies have plans for Seniors… fifty years and older which may match what you are looking for.
There are many companies that offer co-op and life insurance. Among them are MetLife, USAA, Liberty Mutual, Geico, American General Life, and New York Life.