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Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
Your insurance policy clearly states its date of expiry.
The Incontestable Clause in a life insurance policy states that after the policy is In Force two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
The standard life insurance policy wording is requlated by the various stae insurance departments. Basically, the standard life insurance policy covers death by any cause at any time in any place. Death by suicide within the first 2 policy years is an exclusion in most states, 1 year in some states.
Then you will receive whatever the life insurance policy states. These are two separate issues / documents and have nothing to do with each other.
The Contestability Period in a life insurance policy is usually two years. You can find this by looking at the "Incontestable Clause" in your life insurance policy The Incontestable Clause states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
You can find this by looking at the "Incontestable Clause" in your life insurance policy. The "Incontestable Clause" states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
Yes. In the United States you can.
All 50 states offer perpetual homeowners' insurance policies. Perpetual insurance is an insurance policy that doesn't have a set expiration date.
Read the policy contract you have with the insurance company. Unless the policy states that you must use, or choose from, attornies of their choosing, you may.
In most states, policies include a suicide exclusions for the first two years of the policy. I will look at your policy and call the insurance company.